Spring Lake Park adopted special assessments totaling $432,208.47 for its 2026 Street Improvement Project, covering cost recovery from commercial and residential parcels along Plaza Boulevard, Theorin Terrace, Center Drive, Sunset Road, and the TH 10 service drive. The assessment hearing on June 15, 2026 confirmed that final assessments came in about 13% below feasibility estimates due to favorable bids, and the balance of the $497,319.78 project cost is funded from the city’s Street Revolving Construction Fund. This action confirms both the current project and the city’s ongoing assessment-based funding model for street rehabilitation. Vendors offering pavement management, capital planning, assessment modeling, and public communication tools can help the city optimize its revolving fund and plan future annual street projects beyond 2026.

Assessments bear 5.10% interest over 10 years; property owners can prepay within 30 days without int...