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PritiacArnen 1` a
<br /> Schedule 2 — Chapel Hill—Carrboro City Schools
<br /> If pay-as-you-go funds as outlined in the County Manager's recommended CIP are applied to
<br /> a reserve account, and if an impact fee of$750 is established, the balance of the reserve
<br /> account would be sufficient to build an elementary school(in today's dollars)in
<br /> the year 2000.
<br /> A B C D E
<br /> Proj. #new Impact Total
<br /> From Residential Fee Amt Cumulative
<br /> PAYG Units Amt Available Total
<br /> (1) (2) (3)
<br /> -$750
<br /> 93-94 $81,859 1,070 $802,509 $884,368 $884,368
<br /> 94-95 93,795 1,110 832,255 926,050 1,810,418
<br /> 95-96 403,032 1,154 865,595 1,268,627 3,079,045
<br /> 96-97 538,775 1,198 898,823 1,437,598 4,516,643
<br /> 97-98 491,041 1,245 933,405 1,424,446 5,941,089
<br /> 98-99 443,052 1,292 969,354 1,412,406 7,353,495
<br /> 99-00 394,803 1,342 1,006,727 1,401,530 8,755,024
<br /> 00=01 $346,803 .. . 1,394 . $1,045 500 '! $I,392;3o3-.. $10;:147;32;T:
<br /> PAYG=pay-as-you-go
<br /> (1) As calculated in Manager's recommended Capital Improvements Plan (page D-1)
<br /> (2) Based on rate of growth as presented in Technical Report on the Calculation of Proportionate
<br /> Share Impact Fees for Financing Public School Capital Needs (page 18.1 and 18.2)
<br /> (3) Columns A+C
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