The University Park Subdivision Indenture authorizes an annual assessment on all properties to fund the maintenance and upkeep of streets, sidewalks, curbing, street trees, and common grounds.
Regular Assessment: A regular assessment of $0.50 per front foot is levied annually by the Trustees.
Special Assessment: The Trustees may also levy a special assessment each year to fund infrastructure and other necessary work. The current special assessment is $15.00 per front foot.
Payment Schedule: Annual assessment notices are mailed to property owners each January.
- Assessments are normally due by March 31.
- Due to the 2026 assessment increase, 50% is due by March 31 and the remaining balance is due by June 30.
Late Payments: Unpaid assessments accrue interest at 8% annually. The Subdivision has the authority to, and will, place a first lien on any property with unpaid assessments.
How to Pay: Assessment payments may be made online:
Questions regarding billing may be directed to Kim Bufe at DNI Properties, 314-576-0700, ext 407.