Senior Center Costs: More Than $1
The City Council will vote tonight on paying Dornoch $287,371.97 for various costs associated with the new senior center on the ground floor of the condo development, The Monarch.
The meeting is 8 p.m. in Municipal Court, 325 Watchung Ave.
The item was added to the agenda on April 5, but not discussed. According to the resolution up for a vote tonight, costs include $30,250 in payments broken down as follows:
-$16,500, representing $2,750 per month in common fees for November 2009 through April 2010
-A non-refundable three-month maintenance charge of $8,250
-$2,750 security for payment of common fees
-$2,750 for a full-month assessment payment in advance.
In addition, Dornoch is requiring $257,121.97 in costs to build out the center, which were approved by the governing body.
Together, they make the total of $287,371.97.
The resolution states that the city took occupancy before ownership transfer. The $2,750 common fee will obviously be ongoing, for an annual rate of $33,000.
Perhaps there will be a fuller explanation tonight of the costs.