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Referendum A creates a maintenance fund.
Owners could make small monthly payments to a future maintenance fund.
That money will come out of a maintenance fund established by the Memorial Foundation, he said.
CONS: It's expensive (but proceeds of the sale by the co-op will go to its maintenance fund).
Under the team's proposal, the city would build the new parks at an estimated cost of $50 million, with the team providing an annual comprehensive maintenance fund.
Pay for it by soliciting state and city money and private donations as well as requesting that Rudin contribute to the construction and endow a maintenance fund.
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Local governments could easily maintain the parks if the state would provide maintenance funds.
In Chicago, parts of the elevated train network were abandoned due to lack of maintenance funds.
"Maintenance funds for our buildings are scarce in this difficult economic time," he said.
By 1971, when a state law mandated that cemetery owners establish permanent maintenance funds, it was already too late.
The Bush administration had proposed taking the money from a variety of sources, including water recycling programs and maintenance funds for several water delivery projects in California.
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