Details of the $170M+ BCHD District Taxpayer Liability for allcove - all caused by BCHD accepted a $6.3M grant
The grant required 30-year operation of the allcove building and allcove services for the benefit of LA County Service Planning Area 8 (1.4M population) and provided no 30-year funding.
Costs of allcove to District Taxpayers:
(1) Bond Repayment with Interest
(2) Required 30-year Operation of allcove Services for all of LA County SPA8
(3) Required 30-year Operation of the allcove Building for all of LA County SPA8
(4) Donation of Land ($5M lot at Flagler & Beryl) Rent valued using BCHD's Cain Bros Estimate
(5) Donation of BCHD overhead (Executives, etc.) to allcove program
TOTAL = $172.4M Unfunded District Taxpayer Liability triggered by $6.3M allcove building grant
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