Comments on: Decatur City Commission Set to Approve $38 Million Budget for Beacon Hill

By: Macarolina

Macarolina — Tue, 19 Mar 2013 21:49:45 +0000

One special item is an area on the front for screen projection and seating so that we can have community film nights in the summer- not something that is typically in a commercial building.

By: Steve

Steve — Tue, 19 Mar 2013 14:50:01 +0000

I don’t think CSD will be paying rent, since they’re covering a portion of the construction cost. A share of utility cost, perhaps, but not rent.

By: Warren Buffett

Warren Buffett — Tue, 19 Mar 2013 13:47:57 +0000

I don’t think that the total debt is simply the issue. The question is, what is the revenue stream that is going to be covering the debt payments? For most of the other previous cases, it’s simply our taxes. In this case, however, the COD will have a tenant (CSD) paying rent, in addition to other streams into the complex (rental fees, etc. – this could be negligible though). It does appear that some of this will be coming out of the fund balance. However, as long we have revenues covering out debt payments then we are fine. This is a great time to for cities to be borrowing money – it’s practically free to do so right now and won’t be that way forever. It doesn’t seem that there is any sort of crazy financial wizardry happening with any of this. In this particular case, I’m assuming that this wouldn’t be happening without a paying tenant going in.

By: Steve

Steve — Tue, 19 Mar 2013 01:42:40 +0000

$217 SF is not bad for a commercial building, especially when you consider the special things that must be done since a good part of it is a police station and court building.

By: Judd

Judd — Mon, 18 Mar 2013 23:36:38 +0000

I’ve lost track of the new debt taken on since the original bond referendum a few years back. Anyone have a tally?