Forest Lakes Metropolitan District Ballot Issue 6A
Forest Lakes Metropolitan District Ballot Issue 6AShall Forest Lakes Metropolitan District board of directors be authorized to obtain bank financing for a 25-year commercial loan in the amount of three hundred and seventy thousand dollars ($370,000) to construct a new office building to relocate district offices from Bayfield to forest lakes subdivision? Passage of this ballot will provide: residents with improved access to district staff to better identify needs and serve residents; an office building that is compliant with the Americans’ with disabilities act, and a building to be owned and maintained by the district instead of leasing office space in Bayfield. Final loan terms will be contingent upon board of director's approval. Monthly mortgage cost of approximately $1,730 will be $71 more than the current lease cost of $1,659, and monthly utility expenses for the new building are estimated to be $128 more than the current leased space ($771 for current leased space versus $899 for new office building), with district taxes not increased since the additional monthly utility expenses will be paid from operational funds, and transaction costs, moving costs, furnishings, equipment, 3rd party fees (inspection fees, appraisal, title insurance, etc.), and contingencies will be paid from operational funds and/or reserve funds?
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