Mr. Payne talked about the impact of indebtedness on our bond rating in this presentation <https://www.youtube.com/watch?v=8jfJuKiYUGA> starting at minute ~7:00. In order to not affect our AA bond rating and to avoid incurring higher interest rates, we can borrow up to ~$30M.
If we borrow $25M for the community center, that would leave us with ~$108M in total debt and only $5M in "available" credit. What happens if there is an emergency project that comes up, or one of the $10M projects on the capex list needs to be accelerated? I will leave it up to the reader to decide their level of comfort with these scenarios. > > ----- Forwarded Message ----- > *From:* Kathy Madison via Lincoln <lincoln@lincolntalk.org> > *To:* Carolyn Ryan <urch...@comcast.net> > *Cc:* Lincoln Talk <lincoln@lincolntalk.org>; Dennis Picker < > dennis.pick...@gmail.com>; john gregg <jgreg...@yahoo.com> > *Sent:* Wednesday, September 27, 2023 at 03:16:41 PM EDT > *Subject:* Re: [LincolnTalk] Community Center- size considerations > > I’ve just sent a query to FinComm re: how more indebtedness may affect > Lincoln’s credit rating. > > Also — while most are urging to build now because it’s likely more > expensive later — consider interest rates now. > Cost of building materials are at an all-time high > It may end up being cheaper to wait. > > It would be ironic if the cost of building a community center ended up > forcing residents to leave town. > > / Kathy Madison > > > On Sep 27, 2023, at 3:05 PM, Carol Ryan <urch...@comcast.net> wrote: > > I don’t think being fiscally responsible is “ cheaping out”. IMHO that’s > an entitled and bougie perspective that not every tax payer in Lincoln has > the means to support. > Carol Ryan > > Sent from my iPhone > > On Sep 27, 2023, at 2:47 PM, Paul Shorb <paul.sh...@gmail.com> wrote: > > > I'm with john, Lis, Wendy, Katherine, and others in this thread and others > in town who say: let's build a decent, attractive community center, don't > cheap out. > > The arguments for it being located at Hartwell seem compelling. > > We have smart people on FinComm. They do NOT believe the town’s current > debt is outrageous for a town this size. (In fact, I believe they have > explained that too little debt compared to traditional metrics makes a town > look bad - looks like it's underinvesting.) > > - Paul Shorb > > On Wed, Sep 27, 2023 at 1:48 PM Sara Mattes <samat...@gmail.com> wrote: > > Amen > > ------ > Sara Mattes > > > > > On Sep 26, 2023, at 6:23 PM, Margo Fisher-Martin < > margo.fisher.mar...@gmail.com> wrote: > > John, > > This is about affordability and what makes sense. Everyone is entitled to > an opinion, but there should be no public shaming - ever- regardless of > one’s views. > This is not a tolerance or acceptance situation. > This is a small town and we cannot always afford everything we want. > > Best, > Cookie Martin > > > On Tue, Sep 26, 2023 at 6:03 PM john gregg via Lincoln < > lincoln@lincolntalk.org> wrote: > > I am so surprised that a community that encourages acceptance and > tolerance would further not doing the right thing like providing a place > for kids, adults and elders should be able to congregate. > > It is about space, about money, about having to be held accountable for > past neglect like providing a school for children. A place where the kids > would be provided safe care at LEAP for parents who work. A place where > adults could allow care for the ones who actually took care of them if they > move back home. > > This is the same discussion when deciding about a new school, a bunch of > intellectuals debating why things should not be provided to others like was > provided to them. > > Best Regards, > John Gregg > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
-- The LincolnTalk mailing list. To post, send mail to Lincoln@lincolntalk.org. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
