North 1 West Financing

TO LEARN MORE ABOUT THE NORTH 1 WEST PROJECT**

The City offered three different payment options:

•Initial Prepayment Period - Please refer to the assessment notice sent by mail for individual assessment costs.

•Interim Prepayment Period - Please refer to the assessment notice sent by mail for individual assessment costs.

(If you are the property owner and did not receive an assessment notice in the mail, please contact Customer Billing Services at (239) 242-3851 and a staff member can assist you.)

•Amortized (Default Method) : - Billed via the tax bill annually

Based on the year selected (20, 25 or 30), or if no year was selected, you would be automatically placed in the 30 year repayment, below are examples of the repayment schedules:

North 1 West Amortization Example 30 Year Combined (All Six) Assessments (03/2023)
North 1 West Amortization Example 25 Year Combined (All Six) Assessments (03/2023)
North 1 West Amortization Example 20 Year Combined (All Six) Assessments (03/2023)

North 1 West Amortization Example 30 Year Individual (One) Assessment (03/2023)
North 1 West Amortization Example 25 Year Individual (One) Assessment (03/2023)
North 1 West Amortization Example 20 Year Individual (One) Assessment (03/2023)

*Annual payment includes principal, interest, collection costs and statutory discount recovery costs.

Hardship Program

•Method of deferral of annual payments
•Applicable to the amortized method only
•Based upon income qualification

  Must qualify annually