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BUILDING PROJECT FACT SHEET <br /> <br />- Member Cities share will be calculated according to the 1970 census figures <br /> <br />- 1979 dues amount is the basis of calculating your building share <br /> <br />- Cities will receive an Equity Certificate of Ownership <br /> <br />- Cities who drop out of the League and return at a later time will be assessed their full <br /> full building share at the time of re-entry <br /> <br />-- Membership approved and supported the acquisition of LMC building at June 1980 <br /> Annual Meeting <br /> <br />- Annual debt amount will be approximately $106,000 plus operating costs <br /> <br />-- Cities would receive equity in proportion to amount paid if LMC sold building or LMC <br /> was dissolved <br /> <br />HOW TO CALCULATE YOUR BUILDING SHARE <br /> <br />- T9 calculate your building share .... <br /> Double your 1979 dues = Building share, lump sum payment <br /> <br />-- To calculate the 5 year option plan .... <br /> Lump sum payment ~- 100 = factor x 26.38 = yearly payment for 5 years <br /> <br />-- To calculate the 10 year option plan .... <br /> Lump sum payment ~- 100 = factor x 16.28 ~- yearly payment for 10 years <br /> <br />-- Choose the option you prefer and return the Opinion Survey to LMC office or call <br /> 222-2861 <br /> <br /> <br />