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19 <br /> EXPLANATION OF TERMS AND DATA SOURCES <br /> SECTION 1 - PROJECT DATA <br /> Project data includes information about the specific development project. Much, if not all, of the <br /> information is supplied by the applicant. Data inputs include: <br /> Project Name: Name of the project. <br /> Township: Township in which the project is located. <br /> School District: School district in which the project is located. <br /> Beginning Year: The first year of the project in which dwelling units are completed and <br /> occupied. <br /> Ending Year: The last year in which dwelling units are completed and occupied. The template is set to <br /> calculate fiscal impacts for a ten-year period. <br /> Inflation Rate: Unless an inflation rate is entered, the template will calculate fiscal impacts based on <br /> constant dollars. Since the inflation rate changes frequently, the Finance Department must be contacted <br /> for the most recent figure. <br /> Persons/Household:The estimated average number of persons/household(dwelling unit) based on 1990 <br /> Census data for the township in which the project is located. This information is supplied by the Planning <br /> Department and will be updated as necessary using population projections and building permit data. <br /> Children/Household: The estimated average number of school age children/household (dwelling unit) <br /> based on 1990 Census data for the township in which the project is located. This information is supplied <br /> by the Planning Department and will be updated as necessary using school membership data. <br /> %Non-Elderly:N.C. General Statutes permit an$11,000 exemption to the elderly and disabled who meet <br /> certain income criteria. In the event that elderly units are part of the project, the percentage of eligible <br /> non-elderly units is entered. The tax base will automatically be adjusted to reflect the exemption. <br /> Number of Homes: The number of dwelling units to be constructed in the project in each year. <br /> Average Sales Price: The average sales price of all dwelling units based on the number and sales price <br /> of dwelling unit types to be constructed in each year. <br />