Here are my calculations of the real numbers for how the pavilions would be financed:
Cost of 5th Ave Pavilion: $4,100,000
100% FEMA money for 5th: -$437,000
40% FEMA money from 13th: -$306,000
4.3% of cost of 5th for beach use: -$176,000 (Payable from beach utility fund)
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5th Ave COST TO TAXPAYERS: $3,181,000
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Cost of 10th Ave Pavilion: $2,000,000
66.6% paid by beach utility: -$1,332,000
——————————————————–
10th Ave COST TO TAXPAYERS: $668,000
.
TOTAL PAVILION COST TO
BELMAR TAXPAYERS:
$3,849,000
10 Comments
Simply put – vote NO
Holy cow! I still don’t understand why the council wasted our time, money and more importantly the good faith of the people with their allusion that the 4.1 MILLION dollar 5th Avenue would be free?
#2 P.T. Barnum. They count on ” a sucker being born every minute.”
Really people there must be some mistake. This is not what the mayor said. Or was it?
I need my sleep now. Goodnight Mrs Calabash whatever you are.
The element,the obstructionist,the terrorist
would like to thank everybody and anybody who helped in proving the mayor wrong as usual. Most of all Kenneth Pringle and his staff and the people from Belmar who believed
they were right.
It could be better and it could be worse. A thank you to all who did anything to bring it this far. When your right your right and the fat lady did sing. Kenneth Pringle
and his staff were great 6 for 6 not bad.
And Admin what can anybody say, Thank you.
#6 Tulips He is very lucky the State Ethics and Conflict of Interest laws do not apply to Municipal Government. He would be wise to wise up.
Where did you get your FEMA numbers from?
The #s themselves originally from Chris Smith’s office, later confirmed in Pringle’s notes. Percentages we can use are from Pringle’s notes.
The worst of all this is if it is true that the mayor is not going to run again when this all hits us he won’t be here to suffer with us. Rats leave when the ship starts to sink.
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