Parks COG Formula - Pools Debt

Fixed per Loan Document - Follows 2018 Parks Formula.

Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. 5 of the 6 municipalities participate. This amount was fixed at the 2008 rate for the first 10 years of the loan and reset in 2019 for the last 10 years of the loan according to the approved loan documents.