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11-13-1984 Council Minutes
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11-13-1984 Council Minutes
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Foxhill and the Pink Palace property to name a few sell at premium <br /> market prices when contrasted to nearby sewered areas in towns such as <br /> Long Lake. <br /> 4. Benefit Analysis <br /> Once a reasonable, rationale increase (or decrease) in property value is <br /> determined the analysis of benefit accruing to the property can begin. <br /> Positive benefits are: <br /> 1 . Increase in property value <br /> 2 . ? <br /> Neqative benefits include: <br /> l. capital costs <br /> 2, interest costs (less tax benefits ) <br /> 3. installation costs <br /> 4. S.A.C. Fee, permits <br /> 5. loss of value in existing functioning septic system <br /> 6 . cost of decommissioning existing septic system <br /> 7, decrease in property value, e.g. , loss of trees, creation of <br /> easements . <br /> 8, increase in operating expense <br /> 9, increase in property tax�s (less income tax benefits ) . <br /> For �xample, obtaining an unrealized 510,000 increase in property value <br /> at a cost of $20,000 is a 510,000 negative benefit. <br /> Table 2 provides an illustration of the principl2 and does not purport <br /> to be actual numbers. <br />
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