University Park Subdivison assessments cover the costs of maintenance and upkeep of streets, sidewalks, and common-grounds. The Indenture that binds University Park Subdivision allows for an annual assessment to be levied on all properties in the Subdivision
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. This annual assessment is necessary to cover the costs associated with the maintenance and upkeep of the streets, sidewalks, curbing, trees that border the streets, and common-grounds.
A regular assessment is levied annually by the Board of Trustees. The amount of the regular assessment is set by the Indenture at $.50 per front footage of the property. The Board of Trustees also has the option to charge a special assessment each year. The current special assessment is $5.50 per front foot.
The annual assessments are mailed directly to the property owners in January, and are due by March 31. As outlined in the Subdivision Indenture, interest on unpaid assessments is 8% annually. University Park Subdivision has the authority to place a first lien against the property for any unpaid assessments.
Payments may be mailed to:
University Park Subdivision
c/o DNI Properties, Inc.
662 Office Parkway
St. Louis, Missouri 63141
Attn: Kim Bufe
Questions regarding assessments may be directed to Kim Bufe at DNI Properties, 314-576-0700, ext 407.