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Town of Mashpee
<br /> Wastewatef Debt Repayment Hypothetical Scenarios
<br /> as of November 24,2019
<br /> . PHASE 1,2,3 w/Nitxogen-Mitigation
<br /> PHASE 1-HYPOTHETICAL-Note 1 PHASE 1-CURRENTLY Without Inflation-Note 2
<br /> Orleans
<br /> Assumptions Mashpee amount Mashpee-amount Mashpee amount
<br /> by Alan using Orleans Cost to 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 $152.69 51,200,000 $152.69 151,200,000 $450.91
<br /> State Revolving
<br /> Fund
<br /> Forgiveness 10% -$4,727,612 10% -5,120,000 $15.27 3% -1,699,600 {$5.04) 3% •-4,989,600 ($14.88)
<br /> Cape&Islands
<br /> Cleanwater
<br /> forgiveness 25% -$11,819,030 25%Q ' -12,800,000 $38.17) ❑% 0 $0.00 0% 0 $0.00
<br /> Cost after
<br /> Principal
<br /> Forgiveness $30,729,478 33,280,000 $99.25 49,510,400 $147.65 146,210,400 $436.03
<br /> Betterment
<br /> Assessed at *Betterment for
<br /> completion 19.2% -$9,080,240 houses covered 19.2%' -9,830,400 $29.32) ??? $0.00 ??? $0.00
<br /> 75%of Room 75%of Room
<br /> Estimated offset 75%of Room Occupancy Tax ❑ccupancyTax
<br /> of Room occupancy Tax(per (per Town (per Town
<br /> occupancy Tax $10,489,530 Town meeting)** _27,900,000 ($83.20) meeting)"" -2,385,000 $7.11) meeting)**** -21385,000 ($7.11)
<br /> Estimated
<br /> Taxpayer Share $11,159,708 --4,450,400 $13.27) 47J25,400 $140.54 143,825,400 $428.9l
<br /> Note 1-The finance team does not endorse the hypothetical scenario.
<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.ya x 30 years
<br /> ***Average home value for FY19 is $474,810
<br /> FY 19 Parcels 11520
<br /> Total Town value for FY19 5,307,1921210
<br /> ??? Betterments are not anticipated by the BOS -
<br /> ****ACTUAL FY19 Rooms tax collected was 106,000
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