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9/24/2018 BOARD OF SELECTMEN Minutes
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9/24/2018 BOARD OF SELECTMEN Minutes
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11/7/2018 5:00:35 PM
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11/7/2018 11:02:52 AM
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Mashpee_Meeting Documents
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BOARD OF SELECTMEN
Meeting Document Type
Minutes
Meeting Date
09/24/2018
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Attachment B <br /> Finance model for funding Phase 1: <br /> The requested finance plan should look to fund the $34 million Phase 1 treatment <br /> plant with the following scenarios being modeled; <br /> Scenario 1: $34 million construction costs financed using 0% interest SRF loan for a <br /> 30-year period and 25%principle forgiveness. Debt to be paid back$66 million,or <br /> $2.2 million per yr. <br /> Scenario 2: $34 million construction costs financed using 0% interest SRF loan for a <br /> 30-year period and 25% principle forgiveness. Project costs reduced another$3.25 <br /> million by state earmark in Economic Development Act of 2018. Debt to be paid <br /> back$62.75 million, or$2.09 million per year <br /> Scenario 3: $34 million construction costs financed using 0% interest SRF loan for a <br /> 30-year period and 25%principle forgiveness. Project costs reduced another $3.25 <br /> million by state earmark in Economic Development Act of 2018. Project costs <br /> reduced by 25% betterment assessment to property connected to sewer. Debt to be <br /> paid back$47 million, or$1.56 million per year <br /> For each scenario,the Town also should analyze the impact on debt service <br /> remaining to be assessed by exemption to the levy by subtracting the following <br /> annual amounts: <br /> Amount generated by a 6% local option rental tax on home and room rentals (non- <br /> property tax revenue ESTIMATED); <br /> Amount generated by a 3% local option water infrastructure fee (property tax- <br /> based revenue); and, <br /> Level debt service payments on expiring debt. <br />
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