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The Numbers At A Glance

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)

——————————————————

5th Ave COST TO TAXPAYERS:   $3,181,000

*******************************************

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

  1. Anonymous wrote:

    Simply put – vote NO

    Saturday, October 24, 2015 at 11:56 am | Permalink
  2. bipartisan wrote:

    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?

    Saturday, October 24, 2015 at 2:03 pm | Permalink
  3. Belmar Independent wrote:

    #2 P.T. Barnum. They count on ” a sucker being born every minute.”

    Saturday, October 24, 2015 at 5:52 pm | Permalink
  4. OLD MAN wrote:

    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.

    Saturday, October 24, 2015 at 6:26 pm | Permalink
  5. Tulips wrote:

    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.

    Sunday, October 25, 2015 at 1:18 pm | Permalink
  6. Tulips wrote:

    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.

    Sunday, October 25, 2015 at 1:26 pm | Permalink
  7. An Observation wrote:

    #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.

    Sunday, October 25, 2015 at 1:44 pm | Permalink
  8. The Real Truth wrote:

    Where did you get your FEMA numbers from?

    Monday, October 26, 2015 at 2:25 pm | Permalink
  9. admin wrote:

    The #s themselves originally from Chris Smith’s office, later confirmed in Pringle’s notes. Percentages we can use are from Pringle’s notes.

    Monday, October 26, 2015 at 2:34 pm | Permalink
  10. Tulip wrote:

    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.

    Tuesday, October 27, 2015 at 10:23 pm | Permalink

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