Rochelle Community Center PROV IDING ECO NO MIC, S O CIA L , A ND - - PowerPoint PPT Presentation

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Rochelle Community Center PROV IDING ECO NO MIC, S O CIA L , A ND - - PowerPoint PPT Presentation

Nov 23, 2023 283 likes •460 views

Rochelle Community Center PROV IDING ECO NO MIC, S O CIA L , A ND R ECR EATIO NA L B E NE F ITS TO RO CHE LLE Major Park District Capital Projects 1999 Construction of Original Bike Path 2004 Purchase of Helms Outdoor Complex 2007

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Rochelle Community Center

PROV IDING ECO NO MIC, S O CIA L , A ND R ECR EATIO NA L B E NE F ITS TO RO CHE LLE

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Major Park District Capital Projects

  • 1999 Construction of Original Bike Path
  • 2004 Purchase of Helms Outdoor Complex
  • 2007 Purchase of Helms South
  • 2012 Helm’s Tennis Courts
  • 2012 Cooper Park Shelter
  • 2014 Purchase of Fairways Golf Club
  • 2015 Powers Park Playground, Walking Path, Shelter, Parking Lot
  • 2016 Skare Park Driving Range Building
  • 2016 Construction of the Bike Path Extension to Beebe Drive
  • 2017 Overlay of Original Bike Path

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Recent Capital Projects

  • Little League
  • Helm’s Football Stadium
  • AYSO Concession/Storage Building
  • Memorial Park Walking Path & Bathrooms
  • Spring Lake Marina Remodel
  • Spring Lake Equipment & Deck
  • Skare Park Mitigation
  • Connolly Park Shelter
  • Kids Ground & Spring Lake Park Improvements

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Planned Capital Projects

PROJEC TS DE TE R M INED BY B OA R D, STA F F, A ND CO M M IT TE ES A S PR IO R ITIES

  • Flannigan Park Shelter
  • Skare Park Clean Up
  • Spring Lake Bathhouse
  • VFW Shelter and Restrooms
  • Helms Track and Stadium
  • Tilton Park
  • Park System Signage
  • Community Center

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Estimated Tax Rates & Tax Impact for Proposed Community Center - $14 Million

ESTIMATED TAX DOLLARS FOR VARIOUS HOME VALUES

Estimated EAV Homeowner Exemption Taxable EAV Estimated Tax Dollars

$33,000 $6,000 $27,000 $70.89 $42,000 $6,000 $36,000 $94.52 $50,000 $6,000 $44,000 $115.52 $65,000 $6,000 $59,000 $154.90 $80,000 $6,000 $74,000 $194.29 Estimated Annual Debt Service for $14 million Alternate Revenue Source Bonds 20 Year Retirement $1,110,000 Additional Annual General Obligation Bond $660,000 Bond Interest at 2.00% 13,200 Estimated Tax Rate (per $100 EAV) $0.26255 Total Principal and Interest $673,200

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Rochelle’s Average EAV

(1) Difference (or $450,000) would come out of the planned $860,000 Series 2019 General Obligation

  • Bond. Total Series 2019 General Obligation Bonds

would be $1,520,000

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BUDGET 575 Members 600 Members 640 Members 675 Members 725 Members 825 Members

REVENUE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 4 YEAR 4

Memberships $261,500 $372,000 $399,300 $418,500 $448,500 $508,500 Daily Passes $8,600 $9,600 $10,200 $11,700 $11,700 $11,700 Program/Event Income $93,000 $103,500 $127,000 $128,000 $128,000 $128,000 Long Term Agreements $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 Gross Revenue $389,100 $511,100 $562,500 $584,200 $614,200 $674,200 Total Payroll/Related Expenses $165,500 $165,500 $168,000 $193,000 $193,000 $193,000 Total Maint/Operating Expenses $275,250 $301,913 $360,450 $399,988 $399,988 $399,988 Liability Insurance $16,000 $16,000 $16,200 $16,200 $16,200 Contingency $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 Total Expenses $465,750 $508,413 $569,450 $633,688 $633,688 $633,688 Annual Breakeven

  • $76,650

$2,687

  • $6,950
  • $49,488
  • $19,488

$40,512

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