1 / 7

Project Financing

Project Financing. Financial Model assumes $ 36,650,000 Local Share (principal only) Project to be financed over 20 to 30 years 30 year term reduces the annual impact to tax payer 20 year term reduces overall interest expense

annona
Download Presentation

Project Financing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Project Financing • Financial Model assumes $36,650,000 Local Share (principal only) • Project to be financed over 20 to 30 years • 30 year term reduces the annual impact to tax payer • 20 year term reduces overall interest expense • Decision regarding term is made by the Board of Selectmen & Town Treasurer

  2. Estimated Impact by Tax Classification • Each tax classification pays a share of the overall project cost, according to Assessed Valuation. • Residential includes both single family & multi-family properties

  3. Estimated Annual Impact to Household

  4. Estimated Annual Impact to Household

  5. Estimated Annual Impact to Household

  6. How to Calculate Estimated Annual Impact • Est. impact on tax rate on 30 year term = $1.87 • Est. impact on tax rate on 20 year term = $2.28 • To calculate est. impact: Est. impact on rate x (Your Home’s AV/ 1,000) • You can find your most recent AV on your last tax bill.

  7. Make Your Preference Known • The Board of Selectmen is interested in hearing from you. • Please visit the Town’s website www.lunenburgma.gov and take our short survey on project financing to register your preference. • Thank you for taking the time to attend this evening’s presentation.

More Related