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Agenda - Council Work Session - 02/26/2008
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Agenda - Council Work Session - 02/26/2008
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Last modified
3/19/2025 9:13:55 AM
Creation date
2/22/2008 2:38:05 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
02/26/2008
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<br />Bury Carlson Land Purchase <br /> .If City were to acquire If City were to acquire No Early <br /> property beginning property beginning Prop Acq <br /> 1-Jan-09 1-Jan-11 Retain Land <br /> Buy Back Buy Back 4/1/2018 <br /> Land Cost $ 1,753,500 $ 1,753,500 $ 1,753,500 <br />10 acres acquired 1/1/2009 $ 78,000 $ <br />10 acres acquired 1/1/2010 $ 78,000 $ <br />10 acres acquired 1/1/2011 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2012 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2013 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2014 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2015 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2016 $ 58,000 $ 58,000 <br />10 acres acquired 1/1/2017 $ 58,000 $ 58,000 <br />10 acres acquired 4/1/2018 $ 58,000 $ 58,000 <br />Liability Ins <br />. Property Tax Lost(City Portion at .40) $ 181 ,122 $ 151,602 $ <br />Lost Interest $ 1,210,147 $ 1,125,254 $ 1,007,320 <br />Total Costs $ 3,764,769 $ 3,494,356 $ 2,760,820 <br />
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