View Single Post
Old 12-14-2022, 11:10 PM   #187
longislander
Senior Member
 
Join Date: Jun 2007
Location: Moultonborough
Posts: 501
Thanks: 43
Thanked 93 Times in 70 Posts
Default

What I'm confused about is regarding the Conestco cost $14,512,847 relative to the survey questions and town valuation.

Survey:
Quote:
Would you vote in support of building The HUB as designed, if the impact to taxpayers was LESS than $0.36/$1000 of town assessed property value?
Quote:
Would you vote in support of building The HUB as designed, if the annual operating costs after construction, had an impact to taxpayers of LESS than $0.06/$1000 of town assessed property value?
($.36/$1,000 + $.06/$1,000) of the survey X town assessed value $4,892,023,118 (without the added Hub cost) is:

.00042 X $4,892,023,118 = $2,054,650

If the survey is factoring a bond somewhere, it would be unusual for a town to have less than a ten year bond at some % interest.

$2million + a year for ten years would be in the $20 million+ range, not $14.5 million of the Conestco quote.
longislander is offline