Information regarding FLTF assessments
12/04/25
For questions about the line items on the bill.
You will see that there are two-line items for the Four Lakes Capital Assessment in addition to a line item for the Four Lakes Operations & Maintenance Assessment. This is because the Capital Assessment includes two bond issuances, and the accounting software (BS&A) required the assessment to be printed on two lines. More information about the two bond issuances is available here (see pages 5 and 18).
The first line on the tax bill is for the first bond issuance that occurred in June 2025, the 2025 payment amount for this consists of principal and interest on the $80M borrowed. The second line is for the second issuance to occur by the summer of 2026; this line contains only principal. More details on that can be found here. Please see a breakdown and examples of the line items below.
- Line 1 is for the first bond issuance of $80M (Principal and Interest).
- This appears as FLTF Bond 1 for Midland County residents and SP 604 FLTF for Gladwin County residents.
- Line 2 is for the second bond issuance for the remaining project costs (Principal only).
- This appears as FLTF Bond 2 for Midland County residents and SP 605 FLTF for Gladwin County residents.
The issuance of two bonds rather than one is the lowest cost approach in financing. The two lines combined make up the entirety of the Four Lakes Capital Assessment. There is also a third FLTF line item for the Operations and Maintenance (O&M) Assessment, which may show as SP603 FLTF for Gladwin County Residents.
We have also explained the tax bill in our December 1 public information webinar.
I paid off my capital assessment, why do I still see an assessment from FLTF?
This is for the operations and maintenance assessment. The operations and maintenance assessment can not be paid off and is an annual expense that has been on tax bills since 2022. For more information on the Operations and Maintenance Assessment see the white paper here.
Affordability Concerns/Cannot Pay
Information on the Four Lakes Housing Assistance Fund is available on our website here.
Interested homeowners may apply now that they have received their tax bills. The fund is administered by Mid-Michigan Community Action, and they have offices in both counties, pasted below. Applicants should reach out to Mid-Michigan Community Action Network directly to apply.
Gladwin County Community Action Center
1302 Chatterton Street, Gladwin, MI 48624
989-426-2801
Midland County Community Action Center
1717 Ridgewood Drive, Suite 103, Midland, MI 48642
989-832-7310
Veterans may also reach out to the veteran’s services officer in their county, as the veterans trust fund has offered their assistance and will review applications on a case-by-case basis.
Midland County - Bruce Hernandez, 989-832-6843
Gladwin County - Ken Roberts, 989-426-4891
For questions about changing assessment factors, combining lots, removing lots from roll, etc.
The time for changes to the assessment roll has concluded as the rolls have been approved and confirmed through the legal appeals process.
Objections were collected leading up to and through the January 15, 2024, public hearing where the FLTF board approved the assessment rolls. On February 6, 2024, the Gladwin and Midland county commissioners approved the assessment rolls.
Please see the Dec. 22, 2023, letter mailed to property owners which contains further information.
No changes to the roll will be considered.
Property owners can contact the FLTF via email at – info@fourlakestaskforce.org or by phone at (989) 941-5638. Email is preferred.
For more information on the Four Lakes Housing Assistance, read the FLHA press release from the Four Lakes Task Force.