SID #7 – SID #239: What’s the Difference?
The differences between various Improvement Districts and Property Owners Association can be confusing and often hard to understand. Below is an summary of each of Spring Valley Manor’s Improvement Districts. We hope this helps with any questions you may have and eliminate the confusion between them.
What is Suburban Improvement District No. 7 (SID #7)?
Spring Valley Manor Suburban Improvement District No. 7 (SID #7) was formed on September 9, 1988. Changes in City and State regulations regarding private dams were threatening the draining of Lake No. 2 unless improvements were made. At that time, no organizational structure existed within Spring Valley capable of funding the required improvements. The formation of the SID #7 provided the legal basis to assess additional property taxes and administer the expenditure of the funds in strict accordance with the purpose of the SID #7.
The mission of the SID #7 is to administer the completion of the specific improvement and maintenance issues outlined in the SID #7 Creation Petition. The SID #7 does not have the authority to delete, add to, or change substantively these specific improvements. The SID #7 only has the authority to control the order and, to some extent, the way in which these improvements and maintenance issues are implemented. The rate at which the improvements occur is determined by the amount of money remaining after the basic maintenance matters have been performed.
- Provide for the maintenance and repair of all lakes and dams owned by the SVM Association
- To make general improvements to the property within SVM
- To provide for the perpetual annual maintenance of he property within SVM
What is the Suburban Sewer Improvement District No. 239 of Pulaski County?
The Suburban Sewer Improvement District No. 239 (SID #239) is authorized by Arkansas statues and administered by the County. The SID #239 was formed in the mid 1970's to repair and maintain Spring Valley Manor subdivision's original sewer system, which at the time was badly in need of repair. A loan was obtained from Arkansas Natural Resources Commission to cover all necessary repairs, as well as build the required line(s) to tie into the City of Little Rock's sewer lines.
In early 2000, the City of Little Rock took over the responsibility for repair of maintenance of the sewer system. Because of this, the SID #239 is no longer responsible for Spring Valley Manor's sewer system repair and maintenance. However, the SID #239 cannot dissolve until the loan is paid off. The maturity date of the loan is June 1, 2029, and cannot be paid off early due to penalties.
Spring Valley Manor has given permission for other developments to "tie" into our existing sewer line for a fee. Although our loan cannot be paid off early, these fees will allow the SID #239 to reduce assessments 4-5 years early.
The County Assessor collects the Special Improvement Tax in addition to your personal property tax. The Special Improvement Tax you pay includes both SID #7 and SID #239.