Another Back Entrance? Construction Starting on Emerald View Estates

Another Back Entrance? Construction Starting on Emerald View Estates

Bank of the Ozarks has recently started clearing land for the road between Valley Ridge and South Alexander Road. From their Stormwater Pollution Prevention Plan (SPPP), it appears they have plans for a new development called Emerald View Estates. There is not much information, but as shown in the map construction is planned in three phases.

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Where did $6.8 Million Go?: Improvement Districts Part 3

Where did $6.8 Million Go?: Improvement Districts Part 3

There is an oddity about the way homeowners on Emerald Mountain and Valley Ridge are taxed. In addition to the normal property taxes, there is one or two line items called Improvement District. All homeowners in Emerald Mountain and Valley Ridge are in both Districts 53 and 54. All Emerald Mountain and Valley Ridge homeowners are charged a property tax line item of $429 called Improvement District 53 property tax. While only 204 homeowners in the older part of Emerald Mountain are charged an additional $920/yr line item called Improvement District 54. The reason for this odd taxing scheme has to do with the bonds that were issued for each phase of development.

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The Municipal Insurance Rates Could Increase for the City of Shannon Hills

The City of Shannon Hills is one member of the Central Arkansas Risk Management Association (CARMA). CARMA is not a traditional insurance company, rather it is a risk pool for its members. However, public entities have been leaving CARMA and the remaining membership pool is getting close to being unsustainable. If CARMA does dissolve than the City of Shannon Hills does have other insurance options, but they are likely to be more expensive than CARMA. For a more detailed explanation, I encourage you to read the Arkansas Democrat Gazette story “Membership’s shrink threatening public entities’ insurance group”.