Cost & Financing How is a special assessment related to a Utility Local Improvement District (ULID)?
• The formation of a ULID or LID is a financing method that is specified by law. • A ULID allows the system capital costs to be paid over a specified period (10-20 years). The law clearly states and guarantees that the special assessment for each property will not exceed the special benefit to the property. • Right now, the project team is reviewing the benefits of using both ULID assessments and connection fees to help spread the costs for the users over a longer period of time. Actual method(s) for recovering costs will be evaluated in the next phase of the project development.
