Tax Impact for Building Options

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Date: February 17,2008

Time: 07:00 PM - 09:00 PM

Location: Fire House

Meeting Minutes:

Subject: Tax Impact based on per $100,000 evaluation.

  Building                                    Cost $                        Term of Loan                    Tax per $100,000

                                                                                                                                                                 evaluation

    Multipurpose                            1,015,000                    20 Yr                                   $129

                                                                                          30 Yr                                   $104

    Independent                              766,000                       20Yr                                     $98

    Firehouse                                                                      30Yr                                     $78

    with Meeting

    room

    Addition to                                 466,000                       20Yr                                     $57

    Firehouse                                                                      30Yr                                     $46