HomeMy WebLinkAboutIII (B) Discussion re: Recreation Facility Funding Methods ,:_,.
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:;'Estimated,Aiinuat,Pebt.Service°a'
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Fire Station Fire Station . Recreation Public Works Total Loan
District 3 District 4, Facility Project Requirements
Project Cost $850,000 $700,000 $1,000,000 $1,250,000 $3,800,000
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Funds on Hand $400,000 . $575,000 $200,000 -0- $1,175,000 •
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• Amount to be
Financed $450,000 $125,000 $800,000 $1,250,000 $2,625,000
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Annual Revenues
Impact Fees $70 to$90 K $200 K $40 to$50 K N/A N/A
General Fund
Appropriation N/A N/A $100,000 $165,000 N/A
Estimated Annual Debt Service
7 Years $80,000 $25,000 $140,000 $220,000 $465,000
10 Years $60,000 $20,000 $105,000 $165,000 $350,000
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15 Years $45,000 $15,000 $80,000 $125,000 $265,000 rt z
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