Minutes 06-28-01 (2)MINUTES OF THE CITY COMMISSION WORKSHOP REGARDING FIRE
ASSESSMENT, HELD IN COMMISSION CHAMBERS, CITY HALL, BOYNTON
BEACH, FLORIDA ON THURSDAY, JUNE 28, 2001 AT 5:00 P.M.
Present
Gerald Broening, Mayor
Ronald Weiland, Vice Mayor
Mike Ferguson, Commissioner
Charlie Fisher, Commissioner
Mack McCray, Commissioner
Kurt Bressner, City Manager
Jim Cherof, City Attorney
Bonni Glinski, Deputy City Clerk
1. Call to Order
Mayor Broening called the meeting to order at 5:10 p.m. and announced that
anyone in the audience would be permitted to speak.
City Manager Kurt Bressner distributed a report dated June 26, 2001, a copy of
which is included with the original minutes. The report contained updated figures
from the previous meeting. The figures focused on at the last workshop were at
100% and the new figures now focus on 85% of the necessary funds to meet the
City's goals. This is a new revenue stream that would provide the necessary
capital to build and staff a fourth fire station that would be located in the
southeast quadrant of the City. The second phase would be to construct a
replacement station for station 1 that would be relocated in the northeast
quadrant of the City
The purpose of these enhancements would allow the City to meet a response
protocol of four (4) minutes from any station. Currently the response times are
between seven (7) to nine (9) minutes. The City Commission needs to make a
decision on whether to move forward with expansion of the Fire Department,
which was discussed during the budget hearings last year. This year a consultant
was hired.to develop the costs of instituting a fire rescue assessment.
Staff is proposing to implement one of the conservative options from the options
th
presented in the June 26 memo, since the operating expenses would not be
needed in the immediate future. Staff is recommending Rate Option B that would
generate approximately $3.7 million. Single and multiple family units would pay
under $100.
Staff is recommending that nursing homes be classified institutional, rather than
in a separate classification and that non-profit institutional uses not be charged at
all. The additional costs would come from the City's general fund.
Meeting Minutes
Special City Commission Workshop
Boynton Beach, Florida
June 28,2001
Scenario B assumes that the construction of the new fire station would begin
next fiscal year, which might include land acquisition, design and actual
construction of the station. The station would require a staff of 24 full-time
personnel that would be needed at the beginning of the following fiscal year.
Mr. Bressner stated that the proposed tax would cover the following costs:
2.
3.
4.
The new station itself.
Manning the new station.
Fire suppression equipment for the new station.
Enhancements for fire prevention, which would include additional
staff and fire education staff,
Capital costs for replacement of station #1.
Vice Mayor Weiland inquired if capital costs for replacement of station #1
included land acquisition and construction and Mr. Bressner stated that it did.
The costs for these items are estimated at $3.2 million for the station and
$500,000 for property acquisition.
Vice Mayor Weiland inquired how long the assessment would remain in effect
and Mr. Bressner estimated this could be anywhere from three (3) years, but in
all probability w~ould be between seven (7) to nine (9) years. Mr. Bressner said
that this new revenue would allow funding for the payment of the land acquisition
for station #4 and most of the construction. If it were necessary to pay for the
land acquisition to move station #1 next year, this would incur additional funds.
Also included in the costs is the remodeling of station #2 next year, which is
estimated to cost approximately $1.2 million. Mr. Bressner said he inadvertently
excluded these figures in the spreadsheet for next fiscal year and will provide the
Commissioners with a corrected spreadsheet. Mr. Bressner said he is not
recommending spending more than the $3.7 million, even though more is
needed.
Mayor Broening asked if future anticipated revenues have been factored in. He
said that the revenues would be increasing and he would like to see these
projections included. Since this is intended to be a temporary assessment,
Mayor Broening did not want the assessment to become permanent.
CommissiOner Fisher pointed out that when the CIP meetings were held, these
projects were ranked and were to be funded by an increase in the tax base.
Discussion ensued concerning the amount of time that the assessment would
remain and that funds for future projects would also be needed. Mr. Bressner
pointed out that it is difficult to estimate the time period, because it is based upon
several factors. Mr. Bressner said that it should be assumed that the
2
Meeting Minutes
Special City Commission Workshop
Boynton Beach, Florida
June 28, 2001
assessment would be in existence for at least seven years, unless other
resources are found.
Vice Mayor Weiland pointed out that during the budget hearings, the Commission
discussed completing capital improvement projects without raising taxes. Vice
Mayor Weiland acknowledged that a fourth fire station is needed, but he does not
want to accomplish this by raising taxes. He noted that the City would be
receiving $2.6 in 13 months and he would like to use these funds for the new fire
station. Vice Mayor Weiland suggested using Jaycee Park as the site for the
new fire station. With regard to station #2, Vice Mayor Weiland pointed out that it
is functional and he did not see a need to make it a main priority.
Vice Mayor Weiland felt that a person would be paying double if they had to be
transported by an ambulance to a hospital or nursing home and also paid for the
special assessment. Vice Mayor Weiland felt that the City was moving too fast
and taking on too many projects. He would like to see things slowed down a bit
so that needed projects can be brought on line without charging people additional
assessments.
Mr. Bressner noted that last year during the budget hearings discussion on
instituting a special fire assessment took place. Also, the Commission late last
year authorized staff to move forward with the study for the special assessment.
Mr. Bressner said that the medic fees were not included in the operating costs for
the fire assessment. He also agreed that the anticipated $2.6 million could be
used for capital needs.
Regarding station #2, Mr. Bressner noted it was built in 1972 for two to three
personnel. This is now a very active station. There isn't enough room to keep the
supplies in a climate-controlled environment and the station is much too small for
today's needs. Mr. Bressner would like station #2 to be included in the~.first
phase of improvements. ~
Vice Mayor Weiland said he was not against adding a fourth fire station, but felt
that there are other funds available for this. He suggested that the
enhancements to station #2 could be done in the next stage. Commissioner
Fisher agreed with Mr. Bressner's assessment of station #2 and he would like to
proceed with the improvements as soon as possible.
Commissioner Fisher stated that there were 166 tire-related incidents called in by
the 12 nursing homes throughout the City. He questioned whether a majority of
those 166 calls were attributable to one or two of the homes.
Chief Bill Bingham responded that he thinks the calls were evenly distributed, but
did not have the records with him. He will furnish this information to the
Commissioners.
3
Meeting Minutes
Special City Commission Workshop
Boynton Beach, Florida
June 28,2001
Commissioner Fisher inquired whether the Commission was to decide on the
percentage of the assessment tonight. Mr. Bressner said that the Ordinance is
drafted to provide that the rate be set on an annual basis. This means that the
Commission can review the rate and adjust it every year.
Commissioner Ferguson said he was prepared to support Scenario B, which was
recommended by Mr. Bressner. He said it is very important that the ad valorem
tax rate be reduced. Thirdly, Commissioner Ferguson felt it was important that
nursing homes be treated the same as the institutional businesses.
Vice Mayor Weiland would like to have this item brought to the public for their
input. Mr. Bressner stated before this could be done, the Commission would
have to establish a proposed rate, which could be changed. The City has to
certify the assessment role by September 15th. A letter will be sent to every
property owner advising them of the proposed assessment with an explanation.
To accommodate a large crowd, the public hearing will take place at the high
school.
Commissioner Fisher inquired if a 75% buydown of institutional/tax-exempt (non-
government) property could be considered as opposed to 100% buydown? Vice
Mayor Weiland inquired how the government property would be treated and was
informed that governments don't pay taxes. Mr. Bressner stated that there
would be a gain of approximately $88,000 by adjusting the tax-exempt to pay
25%.
Mr. Bressner said he would prepare two resolutions for the Commission's
consideration at Tuesday night's meeting. One resolution would be for adoption
of Option B and a second resolution that would be the same as Option B, but
would contain a 75% buydown for not-for-profit/institutional.
Vice Mayor Weiland requested to go on record that he was not in favor of the
assessment, but would continue to participate in the discussions. Vice Mayor
Weiland felt that the City would be receiving additional money and this could be
done without assessing people additional taxes.
Public Audience
Ms. June Trach, owner of the Rustic Retreat on Federal Highway, stated she
does not have the money to pay for this assessment. The Rustic Retreat is a 13-
bed assisted living facility situated on three parcels of land. Ms. Trach asked if
these three parcels would be assessed separately. Ms. Trach said she
appreciates the fine services that the Fire Department provides, but would like
the City to find another way to obtain the funds. She also asked for clarification
as to whether she would be classified as a "nursing home" or "commercial".
4
Meeting Minutes
Special City Commission Workshop
Boynton Beach, Florida
June 28,2001
Mr. Bressner said he would check into whether an assisted living facility would be
categorized as a nursing home. With regard to the three parcels, Mr. Bressner
said that the: assessment is on a square footage basis, but he would also check
into this.
Randy Jute, Firefighter and President of Local Union 1891 pointed out that
Station #2, which was built in the 1970's, now has a diversified workforce that
includes female firefighters. The bathroom and living facilities cannot
accommodate these needs. Firefighter Jute stated that over 50% of their calls
are from nursing homes. Because many of the calls coming from nursing homes
are turned over to private ambulance companies, the City receives no money.
The City's stations now handle over 10,000 calls. He pointed out that Delray
Beach has over twice as many stations as Boynton Beach and many more
firefighters than Boynton Beach. He urged the Commission to move forward with
the assessment.
Adjournment
There being no further business, the workshop meeting propedy adjourned at
6:10 p.m.
City of oynton !~h, ,
ATTEST:
Barbara M. Madden
Recording Secretary
(one tape)
Vice Mayor
/~~mmissioner
Commissioner
June 29, 2001
5
OFFICE OF THE CITY MANAGER
I00 E. Boynton Beach Boulevard
P.O. Box 310
Boynton Beach, Florida 33425-0310
City Manager's Office: (561) 742-60I 0
FAX: (561) 742-6011
e-mail: city. manager(~i, boynton-beach..fl, us
u,za~, cl. bo!]nton-beach.fl, us
To:
From:
City Commission
Kurt Bressner, City Manager
Date: June 26, 2001
Subject:
Updated Fire Assessment Calculations
As a follow-up to the Workshop held last week, please find six revenue scenarios based on an 85%
allocation of the fire service operating expenses. These revenue options will be discussed this
Thursday at 5 PM as the second workshop on this topic. The staffis preparing a supplemental report
on properS' tax delinquencies for the past several years. It is my understanding that the delinquency
rate is less than 1%.
I am recommending that the Commission consider Rate Option B. This option will provide $3.7M
in new revenue for the Fire Department yet keeps the assessment for single family and multiple
family units below $100.00. This option assumes that non-profit institutions such as churches would
be exempt from the assessment as is currently the case. The option also assumes that the for-profit
nursing homes would be classified the same as for-profit institutional. The debt service costs for
the improvements can be absorbed from within the revenue operating revenue stream which means
that the Capital Improvement Fund will be responsible for the estimated $316,394 debt service.
However, the Fire Assessment can be used as a pledged revenue source for bonding of
improvements. Because of this more conservative approach, however, the City will need to look at
adjusting the revenue base upward to cover the cost of the additional staff necessary to man the
fourth fire station to be located in the Southeast section of Boynton Beach. The station will help
us meet the goal of"Four for Four" in terms of a four-minute response time from to anywhere in
Boynton Beach. This station will require the hiring of 24 full-time fire personnel. I believe that
revenue can be deferred to Fiscal 2003-04. This will cover Phase I of the Fire Improvements. Phase
Il that would include replacement of Fire Station #1 with a new headquarters station in the Northeast
section of the Community should be programmed for Fiscal 2004-05.
Thank you.
Cc:
James Cherof
Wilfred Hawkins
Diane Reese
Bill Bingham
Wayne Segal
Boynton Beach
Scenario A
Rates @ 85% of
Operating Revenue = $5,121,058 (W/O CIP Costs)
RESIDENTIAL
PROPERTY USE
CATEGORIES Rate Per Dwellinf~ Unit
Sing e Family Residential $90
Mutti-Fam y Resident a $96
NON-RESIDENTIAL
PROPERTY USE Building Classification Industrial/ Nursing
~ATEGORIES rlin square foot ranges) Commercial Warehouse Institutional Homes
< 1,999 $ 200 $ 63 $ 324 $ 641
2,000-3,499 $ 399 $ 127 $ 649 $ 1,281
3,500-4,999 $ 699 $ ??? $ 1,135 $ 2,242
5,000-9,999 $ 998 $ 317 $ 1,622 $ 3,203
10,000- 19,999 $ 1,996 $ 634 $ 3,243 $ 6,407
20,000-29,999 $ 3,992 $ 1,268 $ 6,486 $ 12,814
30,000-39,999 $ 5,988 $ 1,902 $ 9,729 $ 19770
40,000-49,999 $ 7,983 $ 2,536 $ 12,972 $ 25,627
>50,000 $ 9,979 $ 3,171 $ 16,215 $ 32,034
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
NET ASSESSMENT REVENUE
$ 4,352,899
$ (296,029)
$ (136,465)
$ 3,920,405
Scenario assumptions:
85% of operating revenue
60% buydown of institutional/tax-exempt (non-government) property
100% buydown of in stitutional/tax-exem pt (government) property
60% buydown of nursing home property rates
Chart shows rates to be assessed (at 60% of actual rates), not actual rates for nursing home property
Chart show rates at 100% for institutional property
Apply 60% to rates in chart to determine buy-down rates for institutional, tax-exempt property
Millage rate if as Property Tax
Taxable Value of Property
Ad Valorem Taxes @ Taxable Value
4.3529
Single Family Multi-Family
$ 20,774 $ 22,078
$ 90.43 $ 96.10
Boynton Beach
Scenario B
Rates @ 85% of
Operating Revenue = $5,121,058 (W/O CIP Costs)
RESIDENTIAL PROPERTY
..USE CATEGORIES Rate Per Dwelling Unit
Single Family Residential $9£
Multi-Family Residential $96
,NON-RESIDENTIAL Building Classification
=ROPERTY USE Industrial/ Nursing
CATEGORIES ' (in square foot ranges) I Commercial Warehouse Institutional Homes
< 1,999 $ 200 $ 63 I$ 324 $ 324
2,000-:3,499 $ 399 $ 127 $ 649 $ 649
3,500-4,999 $ 699 $ 222 $ 1,135 $ 1,135
5,000-9,999 $ 998 $ 317 $ 1,622 $ 1,622
10,000- 19,999 $ 1,996 $ 634 $ 3,243 $ 3,243
20,000- 29,999 $ 3,992 $ 1,268 $ 6,486 $ 6,486
30,000- 39,999 $ 5,988 $ 1,902 $ 9,729 $ 9,729:
40,000 r 49,999 $ 7,983 $ 2,536 $ 12,972 $ 12,972
> 50,000 $ 9,979 $ 3,171 $ 16,215 $ 16,215
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
NET ASSESSMENT REVENUE
.Scenario assumptions:
85% of operating revenue
100% buydown of institutional/tax-exempt (non-government) property
100% buydown of institutional/tax-exempt (government) property
Buydown of nursing home property rates to institution al rates
$ 4,352,899
$ (355,281)
$ (237,545)
$ 3,760,073
Chart shows rates to be assessed (at institutional rates), not actual rates for nursing home property
Chart show rates at 100% for institutional property
Millage rate if as Property
Tax
4.3529
Single Family Multi-Family
$ 20,774 $ 22,078
$ 90.43 $ 96.10
~axable Value of Property
~d Valorem Taxes @ Taxable Value
Boynton Beach
Scenario C
Rates @ 85% of
Operating Revenue = $5,121,058 (W/O CIP Costs)
RESIDENTIAL
PROPERTY USE
CATEGORIES Rate Per Dwelling Unit
Single Family Residential $90
Vlulti-Famil¥ Residential $96
NON'RESIDENTIAL
PROPERTY USE Building Classification Industrial/ Nursing
CATEGORIES (in square foot ranges) Commercial Warehouse Ilnstitutional, Homes
< 1,999 $ 200 $ 63 $ 324 I$ 1,068
;),000-3,499 $ 399 $ 127 $ 649 $ 2,136
3,500-4,999 $ 699 $ 2~? $ 1,135 $ 3,737
5,000-9,999 $ 998 $ 317 $ 1,622 $ 5,339
10,000- 19,999 $ 1,996 $ 634 $ 3,243 $ 10,678
20,000-29,999 $ 3,992 $ 1,268 $ 6,486 $ 21,356
30,000-39,999 $ 5,988 $ 1,902 $ 9,729 $ 32,034
¢0,000-49,999 $ 7,983 $ 2,536 $ 12,972 $ 42,712
> 50,000 $ 9,979 iS 3,171 $ 16,215 $ 53,390
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
$ 4,352,899
$ (256,529)
$
NET ASSESSMENT REVENUE
$ 4,096,371
Scenario assumptions:
85% of operating revenue
No buydown of institutional/tax-exempt (non-government) property
100% buydown of institutional/tax-exem pt (government) property
No buydown of nursing home property rates
Chart shows rates at 100% for nursing home property
Chart show rates at 100% for institutional property
I(illage rate if as Property Tax
xable Value of Property
Valorem Taxes @ Taxable Value
4.3529
Single Family Multi-Family
$ 20,774 $ 22,078
$ 90.43 $ 96.10
Boynton Beach
Scenario D
Rates @ 85% of
Operating Revenue + Capital Costs = $5,497,452 (w/ClP Costs)
RESIDENTIAL
PROPERTY USE
CATEGORIES Rate Per Dwelling Unit
Single Family Residential $97
Multi'Family Residential $103
NON,RESiDENTiAL ,
PROPERTY USE Building Classification Industrial/ i Nursing
CATEGORIES lin square foot ranges) Commercial Warehouse Ilnstitutional[ Homes
< 1,999 rS 214 $ 68 $ 348 $ 688
2,000-3,499 $ 429 $ 136 $ 696 $ 1,376
3,500-4,999 $ 750 $ 238 $ 1,219 $ 2,407
5,000- 9,999 $ 1,071 $ 340 $ 1,741 $ 3,439
10,000- 19,999 $ 2,143 $ 681 $ 3,481 $ 6,878
20,000 - 29,999 $ 4,285 $ 1,361 $ 6,963 $ 13,755
30,000- 39,999 $ 6,428 $ 2,042 $ 10,444 $ 20,633
40,000-49,999 $ 8,570 $ 2,723 $ 13,926 $ 27,5tl
> 50,000 $ 10,713 $ 3,404 $ 17,407 $ 34,388
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
$ 4,672,834
$ (317,787)
$ (146,495)
NET ASSESSMENT REVENUE
$ 4,208,552
Scenario assumptions.
85% of operating revenue + capital costs
60% buydown of institutional/tax-exem pt (non-government) property
100% buydown of institutional/tax-exempt (government) property
60% buydown of nursing home property rates
Chart shows rates to be assessed (at 60% of actual rates), not actual rates for nursing home property
Chart show rates at 100% for in stitutional, tax-exempt property
Apply 60% to rates in chart to determine buy-down rates for institutional, tax-exempt property
I illage rate if as Property Tax
I~ axable Value of Property
~d Valorem Taxes ~ Taxable Value
4.6728
Single FamilyMulti-Family
$ 20,774 $ 22,078
$ 97.07 $ 103.17
Boynton Beach
Scenario E
Rates @ 85% of
Operating Revenue + Capital Costs = $5,497,452 (w/ClP Costs)
RESIDENTIAL PROPERTY
iUSE CATEGORIES Rate Per Dwelling Unit
Single Family Res dent a $97
~4ulti. Family Residentia $103
~ION-RESIDENTIAL
PROPERTY USE Building Classification Industrial/ Nursing
;ATEGORIES [in square foot ranges) Commercial Warehouse Institutional Homes
< 1,999 $ 214 $ 68 '$ 348 $ 348
2,000 3,499 $ 429 $ 136 $ 696 $ 696
3,500-4,999 $ 750 $ 238 $ 1,219 $ 1,219
5,000-9,999 $ 1,071 $ 340 $ 1,741 $ 1,741
10,000- 19,999 $ 2,143 $ 681 $ 3,481 $ 3,481
20,000-29,999 $ 4,285 $ 1,361 $ 6,963 $ 6,963
30,000- 39,999 $ 6,428 $ 2,042 $ 10,~.'!.d $ 10,ddd
40,000-49,999 $ 8,570 $ 2,723 $ 13,926 $ 13,926
> 50,000 $ 10,713 $ 3,404$ 17,407 $ 17,407
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
NET ASSESSMENT REVENUE
Scenario assumptions.
85% of operating revenue + capital costs
100% buydown of institutional/tax-exem pt (non-government) property
100% buydown of institutional/tax-exempt (government) property
Buydown of nursing home property rates to institutional rates
$ 4,672,834
$ (381,394)
$ (255,005)
$ 4,036,436
Chart shows rates to be assessed (at institutional rates), not actual rates for nursing home property
Chart show rates at 100% for institutional property
laillage rate if as Property Tax
xable Value of Property
d Valorem Taxes @ Taxable Value
Multi-Familyl
$ 22,078
$ 103.17
4.6728
Single Family
$ 20,774
$ 97.07
Boynton Beach
Scenario F
Rates @ 85% of
Operating Revenue + Capital Costs = $5,497,452 (w/ClP Costs)
RESIDENTIAL
PROPERTY USE
CATEGORIES F~ate Per Dwelling Unit
Single Family Residentia $97
Multi-Family Residential $103
NON-RESIDENTIAL
PROPERTY USE Building Classification Industrial/ Nursing
CATEGORIES Iin square foot ranges) Commercial Warehouse Institutional Homes
< 1,999 $ 214 $ 68 $ 348 $ 1,146
2,000-3,499 $ 429 $ 136 $ 696 $ 2,293
3,500-4,999 $ 750 $ -238 $ 1,219 $ 4,012
5,000-9,999 $ 1,071 $ 340 $ 1,741 $ 5,731 -
10,000- 19,999 $ 2,143 $ 681 $ 3,481 $ 11,463
20,000 29,999 $ 4,285 $ 1,361 $ 6,963 $ 22,926
.~0,000-39,999 $ 6,428 $ 2,042 $ 10,ddt, $ 34,388
40,000-49,999 $ 8,570 $ 2,723 $ 13,926 $ 45,851
>50,000 $ 10,713 $ 3,404 $ 17,407 $ 57,314
ASSESSABLE COSTS
LESS REVENUE FROM INSTITUTIONAL/TAX-EXEMPT
LESS REVENUE FROM NURSING HOMES
$ 4,672,834
$ (275,383)
$
NET ASSESSMENT REVENUE
$ 4,397,451
Scenario assumptions:
85% of operating revenue + capital costs
No buydown of institutional/tax-exempt (non-government) property
100% buydown of in stitutional/tax-exempt (government) property
No buydown of nursing home property rates
Chart shows rates at 100% for nursing home property
Chart show rates at 100% for in stitutional property
iaillage rate if as Property Tax
xable Value of Property
d Valorem Taxes @ Taxable Value
4.6728
Single Family
$ 20,774
$ 97.07
Multi-Fam ily
$ 22,078
$ 103.17i
Sheet1
A I B I C I D I E I F I G
t Amortization Schedule Template ~
2 Version 10/25/84 ; !
3 Bureau of Economic and Business Research ; ,.
4 Revised by Kurt Bressner 3/1/87 ~ ~ i
6 Sheet #1: New Fire Station Costs (Building Construction and Design Costs)
8 Enter the Following Data .: I
10 Bond/Loan Amount ................... , ........... > i$2,400,000 .
11 Estimated Annual Interest Rate ............... > ~5.50% ! !
12 Payment Period in Years ......... ~ ........... > i 15.00 :
14 Annual Payment ............. ~ ........... > 15239,101 ~Fire Share Cost ;63.00% ~ $150,634
15 Monthly Cost ............... ; ........... > 1519,925 .
18: ~ i PRINCIPAL
.19 YEAR PAYMENT INTEREST : PRINCIPAL BALANCE ' MONTHLY~
2(3 I $239,101 $132,000 ~$107,101 152,292,899 ,$19,928.12
21 2 $239,101 ~$126,109 i$112,992 '.$2,179,907 ~$19,925.12
22 3 $239,101 15119,895 ~$119,207 i$2,060,700 .$19,925.12
23 4 :$239,101 ~$113,338 i$125,763 $1,934,937 !$19,92§.12
24 5 '$239,101 '$I06,422 .$132,680 i$1,802,2§7 '$19,925.12
25 6 :$239,101 ~$99,124 i$139,977 !$1,662,280 ~$19,925.t2
26 7 $239,101 ~$91,428 ~$147,676 !$1,514,604 ,$19,925.12
27 8 $239,101 $83,303 15155,798 151,358,806 ~$19,925.12
28 9 $239,101 i$74,734 15164,367 i$1,194,438 $19,925.12
29:10 ~$239.101 ~$65,694 ~$173,407 ~$1,021,031 .$19,925.12
30 11 ,$239.101 :$56,157 i$182,945 $838,086 ~$19,925.12
31 12 $239,101 $46,095 ~$193,007 ~ $645,080 ~$19,925.12 ;
32 13 $239,101 '$35,479 $203,622 $441,458 '$19,925.12
33 14 $239,101 :$24,280 ~$214,821 :$226,636 :$19,925.12
34 15 $239,101 '$12,465 ~$226,636 :($0) .$19,925.12
35 16 $0 '$0 !$0 $0 ;$0.00
36 ~17 $0 '$0 :$0 $0 '$0.00
37 !18 $0 :$0 .$0 $0 ~$0.00
.38 19 $0 ,$0 $0 :$0 ,$0.00
39 20 $0 $0 '$0 $0 ,$0.00
40 21 $0 $0 :$0 .$0 $0.00
41 22 $0 $0 .$0 :$0 .$0.00
42 23 $0 $0 $0 $0 $0.00 .
43 24 $0 $0 .$0 $0 '$0.00
44 25 $0 $0 $0 $0 $0.00
45 26 $0 $0 ~$0 $0 $0.00
46 27 $0 $0 $0 $0 $0.00
47 28 $0 $0 :$0 $0 $0.00 .
48, 29 $0 $0 '$0 $0 $0.00
49 30 '$0 $0 $0 $0 '$0.00
50 .$0 ~$0 '$0 $0 $0.00
5i TOTAL $3,586.522 $1~186,522 $2~400,000
Page I
Sheet1
A I B I C I D I E I F I G
I Amortization Schedule Template :
2 Version 10/25/84 !
3 Bureau of Economic and Business Research . ]
4 Revised by Kurt Bressner 3/1/87 '
6 Sheet #2 ' tNew Fire Station Cosis (Land Costs)
8 Enter the Following Data : ·
10 Bond/Loan Amount .............................. > ,$555,000 ,
11 Estimated Annual Interest Rate ............... > !5.50%
12 Payment Period in Years .................... > 15.00
14 Annua Payment I ............ ; ........... > !$55,292 'Fire Share Cost 63.00% , $34,834
15 ] Monthly Cost .......................... > t$4,608 t , ' '
18 . ! ] PRINCIPAL ..
19 YEAR I PAYMENT INTEREST ~ PRINCIPAL I BALANCE ~ MONTHLY
20 2~ 1555,292 '$30,525 $24,767 i$530,233 ¢$4,607.68
21 i $55,292 $29,163 i $26,129 ~$504 103 ; $4,607.68
22 3 i$55,292 ,$27,726 I$27,567 15476,537 ,$4,607.68
23 4 !$55,292 i$26,210 I$29,083 f$447,454 !$4,607.68
24 5 i$55,292 '$24,610 i$30,682 i$416,772 :$4,607.68
25 6 1555,292 $22,922 ~$32,370 ', $384,402 $4,607.68
26 7 !$55,292 $21,142 i$34,150 15350,252 ~$4,607.68
27 8 i$55,292 ,$19,264 ~$36,028 i$314,224 154,607.68
28 9 $55,292 ~$17,282 i$38,010 i$276.214 '$4,607.68
29 10 ~$55,292 ,$15,192 1540,100 i$236,113 $4,607.68
30 11 1555,292 .$12,986 1542,306 15193,807 i$4,607.68
31 12 i$55,292 '$10,659 ~ $44,633 i$149,175 ~$4,607.68
32 13 i555,292 :$8,205 i$47,088 i$102,087 , $4,607.68
33 J14 i$55,292 ,$5,615 r $49.677 !$52,410 ~$4,607.68
34 15 ~$55,292 :$2,883 ,$52,410 ($0) '$4,607.68
35 16 '$0 "$0 ~$0 i$0 :$0.00
36 17 i$0 $0 i$0 I$0 ~$0.00.
37 18 ;$0 .$0 ~$0 I$0 :$0.00
38 19 ~$0 $0 $0 ,$0 $0.00 '
39 20 !$0 ,$0 ~$0 .$0 $0.00
40 2;1 .$0 $0 $0 i$0 i$0.00
41 22 $0 $0 ~$0 ~$0 :$0.00
42 23 ~$0 $0 ~$0 '$0 '$0.00
43, 24 ~$0 '$0 $0 $0 :$0.00
44 25 ~$0 $0 :$0 $0 $0.00
45 26 '$0 :$0 ~$0 '$0 '$0.00
46 27 '$0 '$0 ,$0 ~$0 '$0.00
47 28 $0 .$0 $0 '$0 $0.00
48 29 ' $0 '$0 $0 $0 '$0.00
49 30 ,$0 $0 :$0 '$0 $0.00
5o i$o :$o '$o $o $o.oo
51 i TOTAL :$829,383 $274.383 $555.000
Page i
Sheet1
^ I B I c I D I E I F I e
1 Amortization Schedule Template ~ :
2 Version 10/25/84 I ,, :
3 Bureau of Economic and Business Research . , ~
,4 Revised by Kurt Bressner 3/1/87 I ~ ,.
6 Sheet #3 Fire Station #2 Rehab :
8 Enter the Following Data : !
10 Bond/Loan Amount .............................. > ;$1,500,000 I ~
11 Estimated Annual Interest:Rate ............... > i5.50% . ,
12 Payment Period in Years ......... ........... > 115.00 I
14 'Annual Payment i ............ !
- .......... > :$149,438 ',Fire Share Cost '63.00% ~ $94,146
15 Month y Cost .......................... > l$12,453 I ~
18 ! ' , PRINCIPAL i
19 YEAR ~ PAYMENT INTEREST I PRINCIPAl : BALANCE i MONTHLY'
20 I !$149,438 $82,500 i$66,938 i$1,433,062 ~$12,453.20
21 2 15149,438 $78,818 1570,620 151,362,442 !$12,453.20
22 3 i$149,438 $74,934 ~$74,504 '$1 287,937 !$12,453.20
234 i$149,438 $70,837 i$78,602 i$1,209,336 1512,453.20
24. 5 '$149,438 $66,513 i$82,925 ;$1,126,411 !$12,453.20
25 6 15149,438 $61,953 1587,486 !$1,038,925 1512,453.20
26 7 15149,438 $57,141 1592,298 15946,627 i$12,453.20
27i8 i$149,438 $52,065 i$97,374 i$849,253 f$12,453.20
28 9 !$149,438 $46,709 :$102,729 !$746,524 '$12,453.20
29' 10 15149,438 $41,059 15108,380 15638,144 i$12,453.20
30 11 15149,438 $35,098 ~$114,340 15523,804 !$12,453.20
31 12 i$149,438 $28 809 i$120,629 !5403,175 I$12,453.20 i
32 t3 !$149,438 $22,175 !$127,264 I5275,911 J$12,453.20
33 14 ~$149,438 $15,I75 ~$134,263 ~$141,648 i$12,453.20
34 15 15149,438 $7,791 $141,648 !($0) 1512,453.20 .
35 16 ~.$0 $0 i$0 I$0 i$0.00
36: 17 ~$0 $0 '$0 !$0 $0.00
37 18 !$0 $0 150 [$0 I$0.00
38 19 i$0 $0 !$0 i$0 !$0.00
39 ;20 '$0 $0 I$0 i$0 !$0.00
40 21 i$0 $0 i$0 !$0 ' $0.00
4t ;22 I$0 $0 ~$0 :$0 i$0.00
42 23 !$0 $0 '$0 '$0 !$0.00
43 24 ,$0 $0 ,$0 i$0 ' $0.00
44 126 !50 $0 '$0 '$0 $0.00
45 '26 ~$0 $0 :$0 ~$0 .$0.00
46 ;27 $0 $0 $0 $0 ~$0.00
47 28 $0 $0' '$0 .$0 $0.00
48 ~29 :$o $o ~$o ,$0 ~$o.o0
49 30 $0 $0 $0 :$0 ' $0.00
50 I$0 $0 '$0 '$0 ~$0.00
,51 TOTAL '$2,241r576 $741.576 $1~SO0,OO0 '
Page I
Sheet1
A ! B I C I D I E I ¢ I G
1 Amortization Schedule Template
2 Version 10/25/84 I :
3 Bureau of Economic and Business Research ! .
4 Revised by Kurt Bressner 3/1/87 ! .
5 i
6 Sheet #4 ,Quint Fire Truck for New Station,
7 i
8 Enter the Following Data -
10 Bond/Loan Amount .-~ ........................... > 15550,000
~[ 1 Estimated Annual Interest Rate ............... > ~5.50%
12 Payment Period n Years ......... ........... > 17.00 .
14 Annual Payment i ........................ > 1596,780 Fire Share Cost 100:00% ~ $96,780
15 Monthly Cost ............... . ........... > ;$8,065 :
17
18 : I PRINCIPAL
[19 YEAR ! PAYMENT , INTEREST PRINCIPAL BALANCE MONTHLY
20 1 ~$96,780 ,$30,250 ]$66,530 '.$483,470 '$8,065.04
2t 2 i$96,780 $26,591 I$70,190 '$413,280 ,$8,065.04
22 3 i$96,780 1522,730 ,$74,050 :$339,230 '$8,065.04
23 4 ]$96,780 ~$18,658 l$78,123 $261 107 ~$8,065.04
,24 5 ~$96,780 !$14,361 $82,420 .$178,688 $8,065.04
25 6 i$96,780 $9,828 ,$86,953 $91,735 :$8,065.04 '
26 7 i$96,780 i$5,045 t591,735 (SO1 ;$8,065.04
27 8 i$0 i$0 I$0 '$0 $0.00
28 9 I$0 ;$0 !$0 $0 ~$0.00
:29:10 !$0 '$0 ,$0 ~$0 ~$0.00
30 I1 '$0 $0 i$0 $0 ~$0.00 ·
31 12 i$0 :$0 ;$0 $0 $0.00
32 13 ;$0 ~$0 '$0 $0 ' $0.00
33 14 ~$0 :$0 $0 '$0 '$0.00
34 15 ;$0 ~$0 ,$0 .$0 ~$0.00
3:5 16 i$0 '$0 '$0 $0 '$0.00
3:6 17 !$0 $0 ;$0 '$0 $0.00
37 18 I$0 .$0 ;$0 '$0 ,$0.00
(38 t9 !$0 $0 '$0 :$0 $0.00
39 20 ,$0 $0 ,$0 $0 ,$0.00
40 121 i$0 .$0 .$0 $0 :$0.00 :
4,1 22 ~$0 $0 i$0 $0 $0.00
42 23 ~$0 $0 '$0 $0 $0.00
43 24 i$0 $0 .$0 $0 .$0.00
4¢ 25 ',$0 '$0 .$0 $0 $0.00 :
45 26 $0 .$0 '$0 $0 $0.00
46 27 ,$0 $0 $0 $0 '$0.00 ,.
~,7 28 , $0 ~ $0 ~ $0 $0 $0.00
48 29 $0 $0 '$0 '$0 $0.00
49 30 :$0 $0 $0 $0 $0.00
50 ;$0 $0 , $0 $0 $0.00
5~- TOTAL '. $677,463 $127.463 :$550.000
Page 1
Delinquent Taxes 1995/1996 - 1999/2000
FY Delinquent Total Taxes % Delinquent
Taxes of Total
Taxes Colected Collected
1999/2000 $ 41,009 $ 18,408,138 0.22%
1998/1999 $ 9,015 $ 17,735 864 ~ 0.05%
1997/1998 $ 6,579 $ 17,124,469 0:04%
1996/1997 $ 78,018 $ 16,340,492 0.48%
1995/1996 ~$ 42,271 $ 15,557,593 0~27%
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