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1;~7P,0 PAP,K <br />Funding from P,amsey County and i•ietro Park System. <br />i. rr"undina <br />Total project budget ~ 1,759,000 <br />Current funded (559,000) <br />Balance to be funded $ 1,110,000 <br />2. Annual value of X550,000 refund of purchase money approximates: <br />Amortization of bonds at 20 years ~ 33,000 <br />bond interest @ 8h 52,000 <br />.Annual value of refund S 85,000 <br />3. Oaerational and ~laintenance Cest: <br />A. Why is cost shared with ;r. B. only and not other cities in area? <br />B. Can N. B. generate revenue and charge other cities for this <br />service? <br />C. N. B. shared cost is 47-62ro of projected cost. <br />D. Annual shared cost to N.B.: <br />1982 - X25,000/yr. <br />1983 - X49,000/yr. <br />Beyond - X49,000/yr. <br />E.•Cost share is fixed amount at $49,000 per year. N. B. actual cost to <br />provide service will appreciate at ?-9 percent per year. N. B. will <br />immediately realize negative cash flot•~ differential to service M, & 0 <br />requirements. (I.E. X49,000 @ 8~ is equal to X56,000 in five years). <br />4. If public park, N.B. should ex^erience no negative cash flow as intregal <br />city with park concept. <br />5. N. B. loses fee control over park assets, revenue sharing,. cost control, <br />expansion. <br />n <br />i <br />