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5/8/2010 10:10:39 AM
 
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Section 5: OPA Board Subject: OC Bayside Debacle Msg# 738371
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That is why I ignore the taxes in looking at this situation and didn't worry about the assessed value. You are saying that when reviewing the lease you KNEW then that OPA was tax exempt on those properties and the property tax only exists because of the lease? If so, why didn't you say so when some were saying Seacrets paying the taxes was a BENEFIT to OPA? |
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For reference, the above message is a reply to a message where: Joe, That is why I ignore the taxes in looking at this situation and didn't worry about the assessed value. As long as we are whole - Moore paying the bill - it doesn't matter if the taxes are $1 or $100,000, there is no net benefit. I think I posted in one of these responses that the 40K is the important number in addition to insurance, utilities and maintenance. Ted |
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