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Here is the Agenda for the Homeowners's Meeting Wednesday, March 16, 2016 at the Rockbridge Clubhouse. 

Here is the Agenda for the Homeowners's Meeting Wednesday, 

& PM - 8:PM, March 16, 2016

Rockbridge Clubhouse, Rockbridge Road

AGENDA:

1.  Introductions

2.  Information reported from the Engineering Group

3.  Setting the Stage for Financing 

a. Special Purpose Tax District

b. Small Business Association Loan

c. The prospect of an additional assessment in 60 days.

4. Introduction and Explanations-- Special Purpose Tax District Petition -- Wesley Graybill / Lawrence Flynn, followed by:

  a. A reading of the amendment

b. Two endorsements, one through signatures, and another through personal contacts

c. Questions regarding the Special Purpose Tax District

5.  Introduction and Explanations-- SBA Loan Alex Fournil / Dan Lott, followed by:

a. a proposed amendment to our bylaws

b. study, discussion, signatures in 30 days

  c. Questions

6. Tables open to sign off on Special Purpose Tax District petition.

Here is a Summary of the Lake Board's Proposed use of a Special Tax District to finance re-construction of the spillway, and restoring the dam.

Summary of Special Tax District

All counties of the State have the power to create special tax districts and specific procedures for

doing so are outlined in state law. The purpose of each district is to levy a tax or charge in a

designated area at a rate different from the remainder of the county in order to cover the costs of

providing requested or necessary services. The taxes or charges may be used for the provision of

the service or to retire general obligation bonds (loans) issued to finance the service. The special

tax district provision of state law was intended to put an end to the creation of stand-alone

special purpose districts (legislative districts created by local legislation in the state legislature –

i.e. East Richland Sewer District).

The state constitution now specifically says that “no laws for a specific county shall be enacted”

by the state legislature. Rather, the state legislature is directed to provide by general law the

structure, organization, powers, duties, functions and responsibilities of counties. The legislation

authorizing special taxing districts is a general law applicable to all counties of the State.

Special tax districts can be created in one of three ways. Two methods are initiated by voters,

and one is initiated by county ordinance. We are suggesting that the special tax district for Upper

Rockyford Lake be created under one of the voter initiated methods. Under the proposed method,

fifteen percent of the qualified electors (registered voters) who reside in the proposed tax district

may petition the county council to declare and authorize a special election The results of the

election will determine whether (a) to create the special tax district, (b) what services the district

will provide and (c) what will be the maximum level of taxes/fees it can levy. If a majority of

electors in the proposed district support its creation and empowerment, the county council must

create it by ordinance and provide for its terms of operation.