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City Opens Newest Special Assessment District

$27 Million Dollar Project allows property owners to fulfill the American Dream

Albuquerque, NM— Surrounded by property owners, Mayor Richard J. Berry today cut the ribbon to officially open Special Assessment District (SAD) 228.

 

SAD 228 was formed by a group of property owners who agreed to pay a special assessment on their property tax. That special assessment then pays back the loan for the construction of roads, storm, sewer, water, power, phone and cable.

 

“Now, these once land-locked property owners can start to build their dream homes,” Mayor Berry said. “All of this was constructed without using taxpayer money, as the loan will be paid off by the property owners.”

 

In addition to the infrastructure and utility installation, the SAD made permanent additions to Unser Boulevard, Rainbow Boulevard, Paseo del Norte and Universe Boulevard.

 

“The property owners in this area, some having owned the property since the 1960’s, worked extremely hard to build consensus and coordinate the necessary agencies so that they could form SAD 228,” said Councilor Dan Lewis. “This perseverance is what created the opportunity for them to finally build on land that has been in the family for decades. This is a perfect example of what communities can accomplish when they work together.”

 

The Albuquerque Bernalillo County Water Utility was involved to provide water and sewer service, and PNM led the way with the private utilities to provide power, gas, telephone and cable lines.

 

Project Facts:

 

Total lots 488                                                              Paved Streets 9.47 Miles                               

Total area of site 220 Acres                                        Curb and Gutter 17.93 Miles

Rock Removed 54,159 cubic yards                            Storm Drain 2.8 Miles

Paved streets 9.47 miles                                              Sanitary Sewer 7.76 Miles                 

Water Line 8.03 Miles                                                Fire Hydrants 61

Street lights 63                                                            Dry Utility trench 12.89 miles

PNM, NM Gas 1.45 million in infrastructure

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