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Video: TownCenter Operation Costs
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General Manager Dave Ferguson presented his analysis of the increased operational costs after the new Town Center building is operational and the current Community Hall is utilized on a limited basis. Ferguson estimated the additional cost to be $121,199 per year. If not funded from current income, this would require an assessment increase of approximately $15 per lot per year. The issue of assessment increases caused by depreciation of a new building was put off by the board. According to John O'Connor, chair of Budget and Finance Committee, this might be in the range of $32 per lot per year but there are apparently a number of options as to how the board can handle this other than an immediate assessment increase.