Laserfiche WebLink
ijeff[ repayment Uommencing at Project Completion in 2023 <br /> Sewage Collection Soft Costs and Total Costs& <br /> Treatment& System Cost: Contingencies <br /> g Annual Costs <br /> DiISP oral Betterment over 3 <br /> Years <br /> Estimated Cost <br /> of Downtowri $47,r2�J 16.112.0 <br /> System $22134%600 $13)969,x600 $10-1956,,920 $IJS75.,871 <br /> article ��i <br /> State <br /> Revolving <br /> $4,727,6Z2 <br /> Fund, 10❑�a -$21234�960 �-$2v396y960 M$109�� �692 -$ZS7,S87For iveness. <br /> Cape.&Islands <br /> Clean water _ *,� <br /> o $11.,319,03q <br /> Trust. 25�o w$5,587,400 $3492, 1400 $2,739, 30 393,968 <br /> Forgiveness <br /> $ <br /> 7:.......... <br /> ter <br /> 24 <br /> 686: <br /> ;. <br /> Betterment <br /> .Assessed at <br /> --$9,080,240 <br /> Completion _ 30�,675 <br /> $ <br /> Increase In <br /> Hotel/Motel <br /> $10,4891530 <br /> Tax to 6% - 349 <br /> , 651 <br /> (Airticle 19) <br /> `OW <br /> t e <br /> liar ior.to <br /> �6.rtr <br /> 1ratT <br /> 6% Short-term <br /> Rental Tax- <br /> D <br /> *Orleans currently meets all qualifications for this 10%forgiveness <br /> **Legislation for Cape&island Clean Water Trust was passed in order to provide 25%of total cost to Cape <br /> pp <br /> towns for cleaning their waters under the approved 208 Plan � <br /> If 2 5%of seasonal homes in Orleans are rented short-term for 4 weeks .at an average ge rent of <br /> $3,000/wk,,then annual revenue to the Town;----$396,000jyr.,(or$11,880,000 over 30 ears),resulting <br /> in little need to increase prop erty' taxes to finance this project <br /> Prepared by Alan McClennen <br /> April 2 5,2 019 <br />