Proudly Serving the Hulet and Devils Tower Community
Proudly Serving the Hulet and Devils Tower Community
The developer of one of the county's newer large-acre subdivisions has received approval from the county commission for its petition to form an improvement and service district for the 46 parcels contained within.
A public hearing took place for the proposed Yellowstone L&R Ranch Improvement and Service District. The developer is Yellowstone L&R Ranch, a South Carolina limited liability company.
The purpose of the district is to repair and maintain the roads within the subdivision, though it will not maintain private easements or rights-of-way within the boundaries. It may also provide governance for homeowners and may "provide any other legal purpose authorized by law".
A board of directors for the district will now be created, which be authorized to establish monthly assessments for the tracts to establish a fund for service, repair and maintenance of the common roads. It is not anticipated that any financing will be necessary in the first year.
The subdivision is located on Highway 112 north of Hulett and will include 46 parcel owners. The assessed valuation of these large-acre parcels is just under $5.5 million.
At this time, said Pat Carpenter, attorney for the developer, "There are a few lots sold already but the vast majority are the developer".
The commission passed a motion to approve the petition as the public hearing came to a close, with County Clerk Melissa Jones confirming, "I have not received any objections".
