Transcript TEA and TLPOA Tax District Update

Truesdale Lake Improvement
Tax District
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Why A Tax District?
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Ensures proportional investment of all property owners who
benefit from lake health
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Individual continued enjoyment in healthy lake - swimming,
boating, fishing
Access to low interest loans available only to the town
Quicker approvals on annual lake treatments
Political force of one voice:
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With homeowners - preventative measures we can all take
With health department - failing septic systems and runoff from
farms
With town – storm water runoff and catch basin cleanings,
raising awareness of lake issues
Tax deductible
Continuous insurance against future degradation of lake
Better access to grant funds mostly available only through town
Continued and consistent monitoring and management of
lake health
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Quick Overview of Proposed Legislation (1)
 Would create a tax district of
approximately 300 families
 Would be governed by a board with
five elected members chosen by
those 300 families
 Would focus solely on lake
improvements and maintenance:
 6 locations on Truesdale Lake
 The Dam
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Quick Overview of Proposed Legislation (2)
 Is intended to be used to raise
approximately $1,000,000 to pay for
all of the work
 Will be repaid over 30 years
 May result in costs to homeowners of
approximately $250 - $300 per year
 (Actual costs will vary; current thinking
is to use ad valorum to determine actual
contribution)
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Proposed Tax District – Properties with Lake Rights
Based on one or more of:
• Riparian rights
• Truesdale Country Club Colony
Map reserved lots and plots for
access
• Truesdale Subdivision maps
• Truesdale Lake Property
Owners membership (some by
water system access)
• Lakeview Close ("Vreeland")
subdivision gave deeded rights
through lot on lake
• Truesdale Estates map based
on 1954 deed derived from
deeds in 1953, 1949, 1935
• Filed maps of Truesdale Lake
Estates (1953,1954)
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A high-resolution version of this map can be viewed here: http://www.truesdalelake.com/modules/tinycontent/index.php?id=24
Proposed Tax District
Current TEA Map
QuickTime™ and a
TIFF (Uncompressed) decompressor
are needed to see this picture.
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This map can be downloaded here: http://www.truesdalelake.com/tea
Proposed Tax District – Properties with Lake Rights
Truesdale Lake Estates Map of Section C
Stewart Road
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This map can be downloaded here: http://www.truesdalelake.com/modules/mydownloads/viewcat.php?op=&cid=13
Proposed Tax District – Properties with Lake Rights
Truesdale Lake Estates Map of Section D
Lower Salem Road
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This map can be downloaded here: http://www.truesdalelake.com/modules/mydownloads/viewcat.php?op=&cid=13
Proposed Tax District – Properties with Lake Rights
Truesdale Lake Estates Map of Section A(&B)
Truesdale Lake Drive and Salem Lane
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This map can be downloaded here: http://www.truesdalelake.com/modules/mydownloads/viewcat.php?op=&cid=13
Proposed Tax District – Properties with Lake Rights
Part of Boway Estates Map - Assumed Section E
Boway between Country Lane and “Hoyt Lane”
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This map can be downloaded here: http://www.truesdalelake.com/modules/mydownloads/viewcat.php?op=&cid=13
Next Step for the Town Board:
 Following approval of the form of the Draft Local Law,
we will prepare a Petition, which will incorporate the
Draft Local Law in approvable form, for the creation of
the District which must be signed by the owners of at
least 51% of the Assessed Valuation of the lands to be
included in the District.
 This Petition is then reviewed by the Town Board, and
public hearing(s) will be held to elicit public comment.
 Thereafter, after possible revision as deemed
appropriate by the Town Board, the Petition will be
granted subject to a referendum and adoption of the
Draft Local Law by the Legislature.
 Donald M. Rossi, Esq., email, April 12, 2007
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For Additional Information:
 Truesdale Lake Web Site:
 http://www.truesdalelake.com
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