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Future CCHS
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Funding
- Construction and Project Cost
| Total Construction | 48,774,000 |
| Equipment & Technology | 4,878,000 | |||
| Contingencies | 1,450,000 | |||
| Other Project Costs | 4,800,000 | |||
| Overhead, Supervision, Professional Fees |
| Total Project Costs | 59,902,000 |
| Financing & Underwriting | 930,000 | |||
| Trustee, Ratings, Underwriting Bond Insurance, Legal, Title | ||||
| Capitalized Interest | 776,000 | |||
| Net Interest Earned | (2,008,000) |
| Total Bond Issue | 59,600,000 |
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- Delayed Project Cost Factors
| 5 Years | 10 Years | |||
| Construction Cost Increase* | $18,534,120 | $44,384,340 | ||
| Additional Cost to Operate | $516,640 | $1,346,570 | ||
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Replacement/Repairs (roof, window, MEP, drainage, etc.) |
$6,705,000 | $6,705,000 | ||
| Total | $25,755,760 | $52,435,910 |
*Based on $48,774,000 construction cost and 6.7% annual construction cost increase
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- Tax Rate Impact (Tax Calculator)
| $125,000 | Home | |
| $125,000 | Assessment | |
| $ 48,000 | Deductions; home & mortgage | |
| $ 77,000 | True tax value | |
| $77,000 x $0.28 = $216 per year or $18 per month | ||
| $250,000 | Farm or Business | |
| $250,000 | Assessment & true tax value | |
| $250,000 x $0.28 = $700 per year | ||
| For homeowners, $0.28 is an increase of 15 - 21% | ||
| For businesses, $0.28 is an increase of 14 - 19% | ||
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- Debt Payment
