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Town of Mashpee
<br /> .Wasewater Debt Repayment Hypotheical Scenerio's
<br /> as of November 24,2019
<br /> PHASE 1,2,3 w/Nitrogen Mitigation
<br /> PHASE 1-HYPOTHETICAL-Note 1 PHASE i-CURRENTLY Without Inflation-Note 2
<br /> Orleans
<br /> Assumptions Mashpee amount Mashpee amount Mashpee amount '
<br /> by Alan using Alan McLennen Costto Avg. using Current Cost to Avg. using Current Cost to Avg.
<br /> McLennen Dollars Assumptions Dollars Taxpayer**' Situation Dollars Taxpayer***-- Situation Dollars Taxpayer***
<br /> Estimated cost $47,276,120 51,200,000 $15269 51,200,000' $152 69 151,200,000 $450.91%
<br /> State Revolving
<br /> Fund
<br /> Forgiveness 10% -$4,727,612 10% -5,120,OOD $15.27)- 3% -1,689,600 ($5.04) 3% -4,989,600 $14.88 -
<br /> Cape&Islands _
<br /> Cleanwater
<br /> forgiveness 25% -$11,819,030 25% -12,800,000' ($38.17) 0% 0 -$0.001 0% a $0.00`
<br /> Cost after
<br /> Principal - - -
<br /> Forgiveness $30,729,478 33,280,000 $9925` 49,510,400 $147.65 146,210,400 $436.03'-
<br /> Betterment
<br /> Assessed at *Bettermentfor
<br /> completion 19.2% -$9,080,240 houses covered 19.2% -9,830,400`. -($29.32) $0.00 ??? $0-010
<br /> 75%of Room - 75%of Room
<br /> Estimated offset 75%of Room Occupancy Tax Occupancy Tax
<br /> of Room Omupancy Tax(per (per Town (p er Town
<br /> Occupancy-Fax -$10,489530 Town'meeting)** -27,900,000` $8320 meeting)**** -2,385,000 $7.91 meeting)**** -2,385,000 $7A11
<br /> Estimated - _Taxpayer Share $11,159,708 -4,450,400: $13.2 47,125,400 $14D:54' 143,875,400 $428.9'I'.`
<br /> Note 1-The finance team does not endorse the hypothetical scenerio nor does the Orleans Finance Team.
<br /> Note 2-Figures dependent on Shellfish success and investment of 1.5 million yearly
<br /> *Estimated Betterment parcels covered in phase 1 450
<br /> **Room Occupancy Tax estimate using Chamber of Commerace report estimate of 1.140 million+100K current @ 75%x 30 years
<br /> ***Average home value for FY19 is $474,810.
<br /> FY 19 Parcels 11520
<br /> Total Town value for FY19 5,307,192,210 -
<br /> ??? Betterments are not anticipated by the BOS
<br /> ****ACTUAL FY19 Rooms tax collected was 106,000
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