LEDC-led efforts result in
99% recovery for property owners
For immediate use (9-12-18)
* contact: jimmaniaci@centurylink.net
A campaign by the Laughlin EconomicDevelopment Corporation resulted in local property owners recovering $4.06
million of $4.09 in unused bonds from three Clark County Special Improvement
Districts for Needles Highway, Unnamed Wash, and Hiko Springs Dam and flood
control channels. Only about $28,000 went unclaimed by the deadline. That was the word given by Bob
Bilbray, Strategic Development Advisor for the LEDC, at the Sept. 11 Town
Advisory Board meeting.
The Laughlin situation will result in
changes to Nevada law when the Legislature meets from Feb. 4-June 3. Bilbray
said Dr. Joe Hardy, R-District 23 (including Laughlin and Searchlight), has an
early bill draft request to amend state law to, among other things, increase
the 60-day limit for property owners to reclaim their share of a district's
unused bonds. In Laughlin's case the funds sat in the Clark County Treasurer's
Office for 12 years. Treasurer Laura Fitzpatrick agreed that feature and some
others need to be changed to allow more time, similar to the deadlines the
Nevada Revised Statutes impose on tax lien sales by the County Assessors'
Offices. Joining the effort will be Clark County Commissioners Steve Sisolak,
whose district includes Laughlin and Searchlight), and Jim Gibson.
In its effort, the LEDC even mailed
reminder cards printed in red to those owning residences, sent out news
releases, made personal contacts, and did everything it could to make this
"the most successful bond refund in Clark County history, but only because
this community got up and yelled like h---," Bilbray said.
The strategic advisor noted that
1,575 checks were received (some persons owned more than one affected parcel
and thus received a check for each parcel). Only two owners failed to file
within the deadline, and he said a letter to the editor by one of them was not
a valid complaint against the county, since the time limit was set by the
Legislature. He spoke at the end of the meeting
when the LTAB hears public comments about matters not on its agenda.
#
for more information about the Laughlin area.
No comments:
Post a Comment