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Pass- CP 61D c
<br /> Schedule 3 — 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$1,000 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 1999.
<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 /> $1,000
<br /> 93-94 $81,859 1,070 $1,070,012 $1,151,871 $1,151,871
<br /> 94-95 93,795 1,110 1,109,673 1,203,468 2,355,339
<br /> 95-96 403,032 1,154 1,154,127 1,557,159 3,912,498
<br /> 96-97 538,775 1,198 1,198,431 1,737,206 5,649,704
<br /> 97-98 491,041 1,245 1,244,540 1,735,581 7,385,285
<br /> 98-99 443,052 1,292 1,292,472 1,735,524 9,120,809
<br /> 1 $1,32;:3(12 .. $1,737,I05,: $14;857;914::
<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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