Vote No - Proposed aquarium lease does not account for inflation
Letter to the Editor
Published: October 24, 2013   |
Updated: October 24, 2013 at 11:02 AM
Clearwater voters should be alert to a very serious flaw in the proposed long term lease of our valuable City Hall property before our November 5th referendum vote.
We should note carefully that the $250,000 annual fee to be paid by the CMA has NO INFLATION CLAUSE!
Many of us are old enough to remember 60 years ago when a new sedan cost about $3,000 rather than $25,000, when gasoline cost 29 cents a gallon rather than $3.25, and when a postage stamp was 3 cents rather than 45 cents.
Like it or not, inflation is a way of life and we can only imagine how much the purchasing power of $250,000 will shrivel over the next 60 years.
So, to avoid leaving an unfair legacy to future Clearwater citizens, I urge you to vote NO on the referendum ballot.