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.~ <br />July 22, <br />TO: <br />FROM: <br />SUBJECT: <br />~~ <br />~~ <br />1980 <br />City Manager <br />Director of Finance <br />Funding construction Costs pf <br />proposed liquor facility. <br />This office has been directed to provide financial. information <br />providing guidelines as to how construction of a new liquor <br />facility could be funded. <br />It is this office 5 opinion that such information could only be <br />reviewed objectively if all construction sharing this type of <br />capital construction funding were included. <br />Funds available would include the following: <br />1. Liquor Reserves <br />2. General Fund Reserves <br />3. Federal Revenue Sharing <br />Alternate means of generating funds would include <br />1. Revenue Bonds (Liquor Facility) <br />2. G. ~. Bonds (Public Bldgs. & Parks) <br />requires referendum <br />3. Grants <br />4. Franchise tax for City used electricity and gas <br />Reserves could provide aggregate funds for construction in the <br />amounts indicated below: (projection) <br />YEAR FUND <br />12/31/80 Liquor <br />General <br />Revenue Sharing <br />Franchise Tax <br />AMOUNT ANNUAL <br />$ 400, 000 <br />350, 000 <br />175, 000 <br />-0- <br />Sub Total $ 925,000 <br />12/31/81 Liquor <br />General <br />Revenue Sharing <br />Franchise Tax. <br />150, 000 <br />-0- <br />95, 000 <br />-0- <br />Sub Total. $ 245,000 <br />'\ <br />