When this appeared in the Bay Creek HOA Newsletter:
The Virginia Department of Transportation briefed Bay Creek residents on the status of the improvements planned for Old Cape Charles Road (Route 642). The purpose of the project is to provide safety improvements and enhance access to the Cape Charles Harbor. The roadway will consist of two 12’ lanes and 8’ wide shoulders with 4’ being paved, which will accommodate bicycles and pedestrians. The Bay Creek HOA sold a small strip of land for a right-of-way easement near the Bay Creek entrance to VDOT for $31,000. Kevcor Contracting Corporation was awarded the construction contract for $4 million. Notice to Proceed was given in June 3, 2016, and construction will begin in July 2016.
several citizens contacted the Mirror with concerns. Given the players involved, we agreed, and sent these questions to the Town of Cape Charles:
Did the developer (Bay Creek South, LLC) or the HOA sell the property? If the developer conveyed the (real estate tax paying entity) property to the HOA, a non-real estate tax paying entity, did the developer pay the real estate taxes to the County and to the Town when conveyed (and if conveyed) to the HOA? At the time the HOA (and/or) the developer (Keyser-Sinclair) conveyed the property to Kevcor, were the County and Town prorated taxes paid at the time of closing as required by State statute? The Purchaser of the Property has the liability to collect the Tax. Did the HOA, if the land was conveyed to it by Bay Creek South, make sure the prior taxes had been paid at the Closing in which the HOA received Title? Did Kevcor make sure all prior year taxes were paid as well? Did the County and the Town determine the value of the real estate? Was it determined to be Acreage or as unimproved real estate? Makes a big difference on the amount of tax to be collected and or paid. Did we determine that the land was ‘unimproved’ at the time of the sale to Kevcor?
[Read more…]