There are very few ways to fund a repaving or regraveling project for your subdivision roads.
The two main ways to fund improvements are:
1. Pass the Hat. This process seldom works due to the fact that not everyone is willing to contribute to a repair program and when the repair program is expensive, to finance any repairs would result in high interest rates and there is no guarantee that everyone will pay their portion of the financing.
2. The most preferred method of funding a repair program is establishing a Special Assessment District (SAD). The advantages are that everyone within the district must pay their fair share. Also it is spread out over 10 to 15 years. The SAD utilizes the full faith & credit of the Township which has an excellent credit rating resulting in a much lower interest rate. The payments are included on the winter tax bill.