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5/7/2010 12:54:05 PM
 
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Section 5: OPA Board Subject: OC Bayside Debacle Msg# 738191
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Joe The only benefit that matters is the net dollars. All other expenses paid by the tenant don't matter. OPA can not spend gross. Randy |
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For reference, the above message is a reply to a message where: The Ocean City taxes are $5135. Thus the total property taxes (County and OC) are $15,000, not $75,000. OPA's total benefit from the new lease is roughly $55,000, not $75,000. |
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