Third Addition

Due to the large demand for wooded river lots, and competitive pricing, it became apparent that Lost River needed more river lots to go around. Thus, after construction started on the Lost River Addition and Lost River Second Addition infrastructure, the Lost River Third Addition was added. The Lost River Third Addition Plat added Boxelder Circle, a cul-de-sac with 4 additional river lots, and 1 additional lot on the abandoned river bed (“Lost River”). Boxelder Circle was named after a large boxelder tree that provided shade for the Samuelson farmstead for decades, which fell during a 2017 storm event. Boxelder Circle would have been added initially except for Jack and Rachel (Samuelson) Dwyer’s reluctance to subdivide the original farmyard.

Block 1

Lot #	Area (sq. ft.)	*Specials	Lot Price
1			Sold
2	23,930	$47,014.00	$129,900
3	24,352	$46,765.55	$139,900
4	37,129	$45,910.71	$174,900
5	51,323	$47,138.82	$179,900
6	37,152	$47,696.00	Sold
7	21,523	$45,500.10	Sold

Block 2

Lot #	Area (sq. ft.)	*Specials	Lot Price
1	38,933	$48,448.44	Sold
2	25,236	$57,632.91	Sold

* The first installment of internal city improvements serving Lost River Development is deferred until 2020. The special assessments will then be payable over a 23-year amortization with an interest rate of 5.29%.

Note: These special assessments were obtained from Cass County website.