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AIl{PORT COM~MISSION <br />JANUARY 13, 1988 <br />ATTACHMENT II <br /> <br />COST OF AIRPORT TO COMMUNITY WITHOUT HANGARS <br /> <br />Development Stages 1 & 2 <br />Financing - 20 Years @ 8% <br /> <br />Property Taxes <br /> <br />Operations & Maintenance <br /> <br />ANNUAL 20 YEAR <br /> <br />$51,100 $502,000 <br /> 520,600 <br /> <br />8,000 160,000 <br />20t000 400~000 <br />$79,100 $1,586,600 <br /> <br />NOTES: <br /> <br />1. Includes public use areas, no hangars. <br /> <br />2. Property taxes represent city share. <br /> <br />3. Taxes would not be lost if businesses and residents <br /> relocate to new structures in city. Cost then <br /> limited to land only. <br /> <br /> <br />