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2013 RPT of CPC to STM-March-final
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2013 RPT of CPC to STM-March-final
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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 1154000 <br /> $ 7,652,500 <br /> 2 <br />
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