Laserfiche WebLink
Breadcrumb Navigation:
continues to support the acquisition of the property and the use of CPA funds to pay <br />for it. <br />Over and above the acquisition cost, there are costs that are ancillary to the <br />acquisition, totaling $362,500. Of this amount, $262,500 will be recommended under <br />Article 2 for CPA funding and includes: <br />Survey Costs $ 15,000 <br />Legal Costs $120,000 <br />Site Assessment Costs $ 12,500 <br />Short Term Debt Service and Debt Issuance Costs $ 115,000 <br />$262,500 <br />These costs were approved by a (7 -0) vote on March 14th' Also approved in the same <br />vote was a recommendation to use $100,000 of CPA funds to be voted under Article <br />14(n) of the Annual Town Meeting for design and engineering for code compliance and <br />future building improvements. <br />In total, the proposed use of CPA funds for Article 2 is as follows: <br />Acquisition Cost $ 7,390,000 <br />Survey Costs $ 15,000 <br />Legal Costs $ 120,000 <br />Site Assessment Costs $ 12,500 <br />Short Term Debt Service and Debt Issuance Costs S 115,000 <br />$ 7,652,500 <br />2 <br />