LAGRANGE TWP. — When a new sewer system is installed in the Pheasant Run housing development over the next year, homeowners there will be responsible for helping to pay off the cost of the project, with most shouldering an assessment of $14,679.48.
That bill won’t come due immediately, Lorain County Administrator Jim Cordes said, but will instead be put on property tax bills for the next 20 to 30 years. Exactly how long hasn’t been decided yet.
If the length of time to pay back the loan is 20 years, it will mean homeowners are paying $733.97 per year. If the term is 30 years, the cost would drop to $489.32 annually. Read more: