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Is the Grant money that Rony Joel wants to apply already included in the $5 million Grant fund that the Council counts as reducing the STRP costs?
If we go back to basics: The city states that the STRP is necessary to protect the Marco Island waterways. If that reasoning is correct then everyone on Marco will benefit and everyone should pay... for the construction, the road repair, the upgrades and the expansion.
Did anyone tell the assembled people about one of the real problems regarding "the plan" which puts the total cost of the sewer project and the upgrade of the failing processing plant on the new users?
The inequity of the charges is an issue - the council and the city did not do the "the right thing".
Regarding the letter from Lisa:
"the lady doth protest too much, methinks"
I would like to add some points regarding the math calculations in the financing plans outlined in yesterday's article.
Chris Curle reported the options as defined by Bill Harrison:
In option 2 the article stated that $20,000.00 at an annual rate of 5.1% would be, in round numbers, $1,500 for 20 years. When I do the calculation ($20,000@ 5.1% for 20 years) I get $1597.20 which would round to $1600 - not $1500. It's only a hundred dollars but why did he round down.
Option 3 allows property owners to pay nothing for 20 years or until they sell their property. I hope someone can tell me that I did the calculation incorrectly, but I got $60,037.14 as the total amount for a loan of $20,000 at 5.65% compounded for 20 years. Bill Harrison was quoted as saying that it "would be at least double" but it appears to be triple.
I expect that Bill can do these calculations in his head (most finance people can) so why is soft pedaling.
The real issue, however, are the points mentioned above. We do not need the sewers but if they are going to be forced on us the costs should be shared in a equitable way.
If NCH won't provide a 24 hour walk-in healthcare center with a physician on duty maybe Collier can take back the land and offer the same deal to HMA?
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