Tuesday, June 24, 2008

Is Post Office Lease-Purchase worth another 3 Million?

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Should the Town of South Windsor continue with it's Lease/Purchase of Post Office for Town Hall Annex at a cost of 3 million dollars?

Facts: $500,000 =/- Rent 4 years
$1.1 million Build out by Owner
$1.4 million to purchase in 4th year

Total = $3 million dollars give or take

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