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11-13-1984 Council Packet
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11-13-1984 Council Packet
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10/30/2025 1:18:35 PM
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10/30/2025 1:12:01 PM
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TABLE 2 <br />(ASSET) <br />Positive Benefit <br />Increase in value S10,000 <br />Income tax benefit (33%) <br />- interest expense 1,500 <br />- real estate tax 1,300 <br />Total S12,800 <br />(LIABILITY) <br />Negative Benefit <br />(over 15 years) <br />Assessment <br />Interest <br />Installation <br />SAC fee <br />Loss of value of <br />functioning <br />Septic system (50% <br />depreciated) <br />Decommissioning old <br />system <br />Increased operating <br />expense (net) <br />Increased property <br />taxes <br />Total <br />S5,000 <br />4,520 <br />1,000 <br />425 <br />2,000 <br />500 <br />867 <br />4i000 <br />S19,312 <br />Net Benefit (S5,512) <br />(net worth) <br />
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