Recommended Funding Plan Funding Source Amount Currently budgeted in 2021-2022 CIP $17.116 million Surplus Park Impact Fees from 2019-2020 $1.648 million State capital grant $1.25 million General Fund surplus appropriated to facilities per City Council 8/2021 (2019-2020 biennium) $8.5 million Surplus REET from 2019-2020 $2.486 million Councilmanic bonds or 2021 year-end cash $13.0 million Total $44.0 million Annual Debt Payments and Interest on Options (20-year bond at 3% interest) Annual Debt Payment 873,804 Total Debt Payments (20 yrs) 17,476,080 Cumulative Interest (20 yrs)* 4,476,080 * Cumulative interest represents an additional project cost over and above $44.0M
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