This is just a quick reminder for everyone to get out and vote on Tuesday Oct 6th for the land purchase. All voting will take place at Community school for 6am to 8pm. Regardless of your opinion, be counted, VOTE!
The below is from the Parent Power Website.
October 7th, 2008 from 6am-8pm for the purpose of acquiring 47 acres on 54 Talmadge Hill Rd. in Prospect for a future building site.
Land Purchase Facts
•- 47 acres (Paintball property)
•- Cost = $33,829 per acre
•- Wetlands = 7 acres
•- Access to State road (RTE 69)
•- Access to water line
•- Both Mayor Bob and First Selectman Sue Cable support this purchase
•- Building project NOT impending, but clearly Algonquin School will be the building project that will be brought to both communities as we all know it is in desperate need of replacement.
•- This is possibly the LAST piece of property suitable for a building project available for this price in Prospect
•- The BOE has been searching for property for the last 10 years
•- Other property available is either unsuitable or overpriced
•- If we do not pass this referendum, the land WILL be purchased by a developer
•- The BOE will look at all options regarding the use of the excess acreage
Estimated financial impact for purchase of property
Amount to be borrowed - $1,590,000
Anticipate taking out an 8 year note with estimated 3% annual interest rate.
The lower amounts for the Prospect and Beacon Falls share indicate the estimated annual tax per household based on property valued at $200,000 (not the selling price of your home). All financial data for the town share and annual tax burden is based on information supplied by the towns during the budget building process. These amounts will change each year based on the most current financial data for the towns. These amounts will also change (decrease) with any building project for the School District that is approved by the State.
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