Re: Dagel's Notes -- Inside River Oaks

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Date Posted: 16:41:58 02/05/18 Mon
Author: Little Nachos and Jessie's
Subject: Re: Dagel's Notes
In reply to: Dagel what is going on with Little Nacho Body Shop? I understand they are way behind... 's message, "Re: Dagel's Notes" on 13:07:53 02/04/18 Sun

So far he is still there. The building has been perched and is going to be remodeled with help from EDC Fund. The drawing of the project still shows a donut shop(no name) and it shows Little Nacho body shop gone . and under the awning table and chair outside of it.
Dan Chisholm( spelt wrong I bet) is on EDC and would know more then me maybe he would know. I am Sure he will set it straight

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Replies:

Re: Dagel's Notes -- I think from what i heard-, 06:16:39 02/06/18 Tue
- Re: payback plan -- EDC only gets 1/4 of every sales tax dollar so over the next ten years the businesses will have to generate 600,000 in sales tax just to re-coup EDC funds of 150,000., 19:05:38 02/06/18 Tue
  - Re: payback plan (NT) -- Its not just the EDC that recoups its the city in more taxes!, 07:52:50 02/07/18 Wed
  - Re: payback plan (NT) -- Sorry, your math is flawed. EDC gets 1/4 of a cent of every sales tax dollar. To recoup $150,000, you would need sales of $60,000,000., 17:01:55 02/07/18 Wed
    - Re: payback plan (NT) -- Or, $600,000 per year. But, in ten years, the valuation of the dollar will be much less, so the equation will change greatly to recoup that dollar amount in future dollars., 17:05:02 02/07/18 Wed
      - okay, lets do the math. EDC gets 1/4 of every penny. It takes a 100 pennies to make a dollar. A quarter of that would be .25 cents. (NT) -- Another CISD Einstein... obviously, 05:48:06 02/08/18 Thu
        Re: okay, lets do the math. EDC gets 1/4 of every penny. It takes a 100 pennies to make a dollar. A quarter of that would be .25 cents. (NT) -- Look at percentages. Total,city sales tax is .02 per dollar. The EDC tax is .0025 per dollar. Divide .0025 by the funds invested ($150,000). My CISD math gets me 60,000,000. That is,the amount,of sales required, no matter what the time frame is, to reap,$150,000., 19:39:20 02/08/18 Thu
        $$$$$$$ (NT) -- Big Bucks (Come one, come all), 10:28:31 02/09/18 Fri
        Re: $$$$$$$ -- Yes, if you are willing to invest hundreds of thousands of your own money and sign a personal guarantee to repay the incentive to get the ball rolling on redevelopment, PLEASE COME!, 08:36:04 02/10/18 Sat