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Expen0itures for Debt Service <br />This category is actually right on budget at 50% and reflects the January 1st and <br />April 1st. payments made on the property purchased from Mr. and Mrs. Holasek. <br />This is the property sometimes referred to as the "Back Forty" behind the <br />Municipal Center. The original purchase price (02/03/89) was $60,000 and the <br />Agreement's principal balance is now $30,622. <br /> <br />Expenditures in general continue under budget. Actual revenue compared to <br />budget will become more meaningful with the receipt of the first Ad Valorum <br />tax payment, and building permits/land use fees will increase as the <br />construction season progresses. <br /> <br />Committee Action: <br /> <br />Based on discussion. <br /> <br />CC: 06/11/91 <br /> <br /> <br />