Okay, this is all hypothetical.
However, think about it. What would you do with an extra $5,000 and $800 per year?
If, for some reason, the SDUHSD followed the original terms of the Mello-Roos Bond, yet sold the vacant property in La Costa Valley, they’d be obligated to pay the bond back. (Okay, you lawyers and finance types that know how to read bond-speak can sift through this and confirm or deny)
At about $5.8 million for the bond value, that would work out to about $5,000 for each household and the end of the Mello-Roos annual assessment.
Again, there’s a lot of if’s, but what do you think?
Check back to this site in a little while to see what other La Costa Valley homeowners would like to see happen.
