AN ACT AMENDING THE CHARTER OF THE CORNFIELD POINT ASSOCIATION.

This bill amends the governing charter of the Cornfield Point Association, a special district in Old Saybrook, to allow the association to increase property tax assessments on its properties. The key change permits the board of governors to recommend higher annual tax assessments, with a maximum limit of $1,000 per lot with a dwelling and $200 per vacant lot, while also giving the association the authority to decrease recommended rates. The association's tax collector would then collect these assessments, which would become liens on the properties and be recorded with the town. This legislation directly affects property owners within the Cornfield Point Association by potentially increasing their annual tax payments to the district.