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<br />J,' <br /> <br />., <br /> <br />. <br /> <br />. <br /> <br />page 4 <br />July 7, 1995 <br /> <br />19. With regard to the 30-year schedules of revenues and expenditures in Tables 3 and 4 in <br />the Appendix: . <br /> <br />. The balance in the reserve fund increases by $50,000 to $60,000 in Year 2, in <br />both tables, with a cash inflow of only about $16,000. <br /> <br />. Table 3 indicates that the fund would be in deficit in virtually every year of <br />operation. <br /> <br />. Table 4, with the new building tax, indicates only about five years of deficit but <br />some of those years involve relatively large deficits in the fund totaling more <br />than $276,000. <br /> <br />Without some further explanation or clarification, Tables 3 and 4 indicate that the project is <br />not fmancially feasible. <br /> <br />cc: Chuck Lile <br />Bill Stanton <br />Mike Serlet <br />Chris Bridges <br />Jim Yale, Town of Silt <br />Bob Pennington, Jerome Gamba & Assoc. <br /> <br />wctrans\siltmemo <br />