Brunswick Forest Special Assessment District (Leland: real estate, new home, costs)

[Twoninetango]

It appears the Town of Leland will be accepting a request (Sweetheart Deal) by Funston Land and Timber the developer of Brunswick Forest with establishing a special assessment district called SAD that would impose additional fees to new homeowners at Brunswick Forest.


The assessment will be called a BFSAD or "Brunswick Forest Assessment District"


Per the town of Leland, N.C Public Hearing.......


The purpose of the BFSAD is to provide for the payment to Funston of the costs of new public infrastructure improvements, that will get built and initially paid for by Funston, in presently undeveloped sections of Brunswick Forest PUD as listed below.


Project #1 - Brunswick Forest Parkway Extension from Station 1+00 to 20+06 $3,009,525.08
Project #2A - Phase 8, Kay Todd Road, Station 1+00 to 20+06 $1,465,582.28
Project #2B - Kay Todd Road Multi-Use Path and Park $1,487,170.00
Project #3 - Phase 9, River Club Drive, Station 1+00 to 49+80 $2,169,758.84
Project #4 - Phase 9, Green Spring Boulevard, Station 1+00 to 40+29 $2,680,788.92
Project #5 - Phase 7, Brunswick Village Boulevard, Station 25+00 to 52+75 $2,607,908.30
Open Space, Public Parks and Other Public Facilities $2,500,000.00
BFSAD Total Estimated Cost $15,920,742.42


My question is the Brunswick Forest development is no question a very nice community and the high pricing there is acceptable assuming the infrastructure costs being incorporated into real estate during development. But how does this now affect a new Brunswick Forest homeowners costs? One should be expected to pay for infrastructure up front at the developers planning phase or at the tail end through assessments from the Town of Leland not both. Does this now mean much lower new real estate/home costs up front and paying for infrastructure with Town of Leland assessments later? Or are new homeowners in for a big shock once they have bought and settled in?