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CCP 06-29-1992
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CCP 06-29-1992
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<br />. Terry Post <br /> May 27,1992 <br /> Page 3 <br /> been spread against the tax capacity value of community where commercial and industrial <br /> properties would pay a larger share of the annual debt service payments due to their higher <br /> classification rates. While this is the case for general obligation bonds, the same is not nue for <br /> lease-purchase agreements. Since leases are not considered debt, the lease payments are allocated <br /> from the general fund which is spread across the tax capacity value of the community. As a result, <br /> columns M through R illustrate significantly lower tax increases under the lease scenario for all <br /> homestead properties. <br /> Terry, I hope this provides you and the Arden Hills Citizen Committee with the information <br /> y~u desired. I would welcome the oppormnity to provide you with additional information or meet <br /> WIth you to discuss this project further. Please do not hesitate to contact me at 224-1500. <br /> Thank you for your time and consideration. <br /> Very truly yours, <br /> JURAN & MOODY, INC. <br /> ~?~ <br /> Thomas P. Truszinski <br />. Vice President <br /> TPT/eh <br />. <br />
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