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<br />Mr)R24"'B9\olEO 04 ;-23- PM <br /> <br />P.03 <br /> <br />~- <br /> <br />. <br /> <br />e <br /> <br />Several scenarios have been discussed. Below a range from most likely to Jeast Iik,~\y using the criteria of what <br />would be quickest/most economical and financially possible using one of the above finmcial scenarios; <br />AH own public works facility financed by GO bonds and sale of existing City Hall I PW property. <br />AH leased facility funded by Entprise funds/General fund revenues. <br />AH partial ownership and funding of Arsenal base fUnded by lease purchase or GO :3onds <br />AR as leasor in Arsenal Maint base funded by general fund or other fund. <br />AR builds maintenace base and acts as leasor to other entities such as Ramsey coun.y and the National Gaurd, <br />funded by? (Amount of money required would likely exceed statutory debt limit remaining or require other <br />measures leading to substantial increases in costs to City residents.) <br /> <br />Opportunity cost recovery and timing issues: <br /> <br />Opportunity costs are those recovered under various options by taking advantage of special situations. e.g ( <br />moving sooner rather than later may avoid additonal costs in bonding, construction, repairs to the existing facility. <br />The current favorable business cycle may make the sale of existing property more l>meficial to the City. Low <br />interest rates make this a good time to finance. <br /> <br />Assesment of Need <br />The space and facility feature requirments may vary widely depending on any of the above scenarios. <br />The costs of anyone option need to be analy'l:ed relative to the square footage required under any particular .. <br />control option and the resultant cost per squarc fool. ,. <br /> <br />e <br />