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PRECA 11-04-1981
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Minutes Park & Recreation Commission Meetings P&R 01200
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1981
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PRECA 11-04-1981
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3/29/2007 4:25:57 AM
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3/14/2007 4:01:03 PM
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<br />REVENUES: <br />Lease <br />Interest on redemption fund <br />at money market - 12~ user <br />fees to Ramsey <br />COST: <br />Interest on Bonds <br />®Redemption Fund <br />Net Cash to New Brighton <br />Accumulative Cash <br />LAND $650,. DEVELOPMENT COST $1,769,000 - 2,419,000 <br />YEARS <br />1 2 3 4 5 ~ 6 <br />7 8 9 10 <br />314 314 314 314 314 314 314 314 314 314 <br />11 22 32 42 53 63 74 85 95 106 <br />325 336 346 356 368 377 388 399 409 420 <br />142 142 142 142 142 142 142 142 142 142. <br />88 88 89 88 88 89 88 88 89 8f3 <br />230 230 231 230 230 231 230 230 231 230 <br />95 106 115 126 138 146 158 169 178 190 <br />95 201 316 442 580 726 884 1,053 1~ 1,421_ <br />(1) & (2) Bonding requirement $2,419,000 less $650,000 = $1,769,000 - 20 years = $88,450/year. <br />
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