University Park Recreation District	
Financial Benefits of being a Recreation District	

Estimated Savings Per Year

Property Taxes (from 2017 P&L)	84,000

Sales Tax on Purchases 2025 (7% Savings)			
Taxable Purchases	4,469,171	312,842	

Interest Savings (Bond)			
Bond Rate (2.75%-3.5%) Total Interest 30 Years	14,362,670		
Bank Rate (6%-8%) 7% for 30 Years	34,022,200		
Bond interest savings	19,659,530	655,318	
		1,052,160	

Annual Cost of RD (aproximate)	
Legal, PFM, Accounting, Bond Maintenance	

$	300,000

Net Savings	
UPCC 1201 Residences	
Per Household