What is the Storm Water Credit and how is it used to pay for lake maintenance?
The City of Bloomington recognizes that some subdivisions maintain their own detention basin system. With proper forms filed, the City will reimburse homeowners a portion of the monthly fee they pay the City for Storm Water Management as compensation for maintaining their own system. The reimbursement is based on lot size and averages out to about $25/year to each homeowner in the subdivision. The Association collects this credit in annual assessments to pay for lake maintenance. The City reimburses you directly. The end result: Routine maintenance of the lake is paid by the city. Specialized maintenance is still paid by the homeowners.
