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w*: • <br />f'Mr:, <br />®SR. <br />Ih <br />- -I --nv-y-x ' <br />>y'^- <br />' ^ ;* <br />hundred and fourteen thousand (» $714,000) dollars, or roughly forty nine <br />percent (» 49%) of the projects costs. This sum however, does include the <br />$100,000 which Orono City council sighted as an "extra protection <br />contingency ”. With this sum subtracted, ($100,000), the community would <br />contribute roughly fifty two percent (“ 52%) to the project. <br />Now be aware of conjecture, dependant on the amount of the "original <br />contingency" added to the "actual construction cost" (which Orono City <br />council do not supply), but is likely to be at least an additional seven to eight <br />percent (7-8%) or roughly a further one hundred thoi\sand (= $100,000) <br />dollars. The cash contribution by the community, could be roughly equal to <br />fifty six percent (- 56%). <br />In respect to an increase in property taxation. If this is applied as a percent of <br />the taxable value for each unit, the result would normalize the individual <br />house size/price difference, proportionately. It would be up to the Orono City <br />council to project the time span of this special increase, although my rough <br />calculations indicate between 10-15 years. <br />no <br />Ultimately, there will be some form of compromise by all parties involved, <br />a function of the economic realities, and personally I trust we can find this <br />common ground. The communication which you sent each household <br />however, is intimidating to say the least, as you seem to infer, we have r <br />other option but to do your bidding. Nevertheless, you should be aware, <br />although the majority of us can not afford to have individual legal <br />representation at this point in time, we could collectively in the future if this <br />proves necessary, which I sincerely hope will not be the case. <br />Youas faithfully, <br />John Souter