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JUSTICE COMPLEX JAIL/SHERIFF ONLY The new millage proposal includes ONLY OLD PROPOSAL NEW PROPOSAL SAVINGS a 96-bed jail/sheriff office, NOT a Building Size included in the millage proposal (in square feet, rounded figures): full justice complex. Court Side 22,607 - (22,607) Jail Side 37,320 31,000 (6,320) 59,927 31,000 (28,927) Reduction in sq ft Number of Jail Beds in the Housing Pod: 120 96 (24) Reduction in jail beds Estimated Cost funded through millage (rounded figures): Court Side 9,000,000 $ - $ (9,000,000) $ Jail Side 21,000,000 $ 15,000,000 $ (6,000,000) $ 30,000,000 $ 15,000,000 $ (15,000,000) $ Reduction in building cost Operations funded through millage (rounded figures): 20-Yr Total 17,520,000 $ 14,460,000 $ (3,060,000) $ Operations reduced for fewer jail beds Estimated Interest Rate: 2.13% 3.05% 0.93% Interest Rate has increased Total Projected Interest Cost over the 20-year life of the bonds (rounded figures): 6,790,000 $ 4,780,000 $ (2,010,000) $ Interest savings over 20-yr period Total All-Inclusive Cost included in the millage proposal (rounded figures): Building 30,000,000 $ 15,000,000 $ (15,000,000) $ Operations 17,520,000 $ 14,460,000 $ (3,060,000) $ Interest 6,790,000 $ 4,780,000 $ (2,010,000) $ 54,310,000 $ 34,240,000 $ (20,070,000) $ GRAND TOTAL MILLAGE PROPOSAL SAVINGS Millage Request: 1.95 Mills 1.15 Mills MILLAGE REQUEST REDUCTION OF 0.8 MILLS SUMMARY COMPARISON OF THE OTSEGO COUNTY JUSTICE COMPLEX PROPOSAL TO THE UPDATED PROPOSAL FOR THE JAIL/SHERIFF OFFICE ONLY