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gyW1N Town ®f1. sl plili <br /> ill <br /> N <br /> , 16 Gr=eat.Xeck Poad Aot*Ih <br /> Mashpeci Massachusetts 02649 <br /> A) Are we to use $34 million or$66 million as the loan payback? We are not sure where <br /> the $66 million payback figure came from. <br /> SEE. RESPONSE I;N BACKGROUNDSECTION <br /> B) There is another$2.4 million in design costs; will this be dependent on a debt exclusion <br /> or is there another funding source identified? This is part of Phase I so we need to know how <br /> this portion will be funded. If debt exclusion, should be included in the cost of Phase I? This <br /> pertains to all three scenarios. MODEL AS SEPARATE DEBT EXCLUSION; <br /> Scenario 2: <br /> Are we to use $34 million or$62.75 million as the loan payback? SEE'RESPONSE IN <br /> BACKGROUND SECTION <br /> Scenario 3: <br /> Are we to use $34 million or$47 million as the loan payback? SEE RESPONSE IN BACKGROUND <br /> SECTION <br /> 1) Is it assumed that betterments are for a term of 20 or 30 years? MATCH <br /> BETTERMENT TO TERM OF FINANCING, SRF ALLOWS TOWNS TO CHOOSE 20 OR 30 <br /> YRS <br /> 2) Are condominiums to be bettered individually or as one development? INDIVIDUALLY <br /> 3) There are approximately 479 parcels in Phase One; 29 are exempt, leaving 450 <br /> parcels that might be eligible for betterments: <br /> a) Are deferrals allowed for vacant land until built upon? POLICY CALL BUT <br /> WOULD SUGGEST NO SINCE BETTERED IS BETTERED <br /> b) Are hardship deferrals allowed for taxpayers in the Phase One locus who receive <br /> exemption for elderly, veteran or other circumstance, POLICY CALL,'IGNORE <br /> FOR PURPOSE OF PROJECTIONS; <br /> c) How long after initial implementation before betterments are expected to be <br /> apportioned? (Needed to analyze cash-flow.)ASSUME IMMEDIATE <br /> BETTERMENT UPON PROJECT COMPLETION <br /> Assumptions: Please confirm that the Finance Team is to make the following assumptions: <br /> 1) When calculating projected tax rate impacts; the real estate market is to be assumed as <br /> static? OK <br /> E assessing @nN m iashyeemaa. Web Site: tsttv.ntasltneena.goy <br />