Caryl Community Center Article 15 Renovation Project $3.4 million

Project Components Provide efficient temperature control – replace ventilating systems, equipment, and controls ADA improvements to bring CCC up to building code: install small elevator at back entrance, an exterior ramp to landing, re-grade walkway at front, make accessible doorways, exits, sinks, counters, fire alarms, exit signs, etc.

Project components………continued Electrical upgrades – replace 1971 switchgear and panels; replace fire alarm system; upgrade hallway lighting Common area improvements – replace florring in hallways and stairways; install acoustical ceiling tiles in hallways

Tax Impact Total Estimated Cost: $3.4 million, if performed as a single integrated project Tax impact : Assumptions: Standard issue (equal principal, declining interest); 20 year bond; 2017 median single family home value of $932,250; 2017 Valuation: $2,416,519,037 Borrowing Cost at 4.25% Interest Median FY 2021 $174,250 $72.56 First Year FY 2022 $310,888 $130.27 Highest Yeat FY 2041 $173,613 $67.61 Last Year

We will continue to monitor: Ongoing maintenance….. We will continue to monitor: incremental masonry repairs timbers use-related improvements window system septic system

In closing…… There are no further major infrastructure improvements anticipated after this project This is the last major project that we can foresee for the next 20 years!