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12/31/82 .Liquor $156, 000 <br />~! General -0- <br />Revenue Sharing 95,600 <br />Franchise Tax ? <br />Sub Total 245,000 <br />TOTAL $ 1, 425, 000 <br />This office is making the following assumptions relating to Capital <br />improvements which would appear must be addressed prior to 1983. <br />a. Liquor facility <br />b. Park improvements <br />c. Fire station addition and modification <br />or alternative measures such as a public <br />safety building. <br />Present cost projections far proposed capital improvements through <br />1982 are as follows; <br />1981 - Liquor facility $700,000 <br />Fire station 325,000 <br />Park improvements 220,000 <br />Sub-Total 1,245,000 <br />1982 Park improvements 118,000 <br />Sub-Total 118, 000 <br />TOTAL 1,363,000 <br />Projected revenues (an assumption has been made that revenue <br />sharing will be reenacted at a level similar to that now in effect) <br />through 1982, indicate that should the Council order all or a part <br />of the proposed capital improvements it would be possible to <br />construct such improvements with in house funding depending upon <br />scheduling. <br />Should financial projections be in error or costs exceed estimates <br />the City could within the 1981-82 time frame issue and sell Revenue <br />Bonds for all or part of the construction cost of the liquor facilit y. <br />Other funding alternatives include <br />1. The issuance and sale of G.O. bonds for Parks and Public <br />Buildings - this would require a referendum vote. <br />2. Adoption <br />gas usage <br />generated <br />4% of the <br />occurring <br />of a franchise tax on electrical and natural <br />within the City of New Brighton, revenues <br />by such a tax could amount to a maximum of <br />gross operating revenue of N.S.P. for sales <br />within the City. <br />