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61-16c -I- GI-
<br /> Schedule 1 - 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$500 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 2003.
<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 /> -$500
<br /> 93-94 $81,859 1,070 $535,006 $616,865 $616,865
<br /> 94-95 93,795 1,110 554,837 648,632 1,265,496
<br /> 95-96 403,032 1,154 577,064 980,096 2,245,592
<br /> 96-97 538,775 1,198 599,215 1,137,990 3,383,582
<br /> 97-98 491,041 1,245 622,270 1,113,311 4,496,893
<br /> 98-99 443,052 1,292 646,236 1,089,288 5,586,181
<br /> 99-00 394,803 1,342 671,151 1,065,954 6,652,135
<br /> 00-01 346,803 1,394 697,000 1,043,803 7,695,938
<br /> 01-02 297,504 1,448 724,000 1,021,504 8,717,442 I
<br /> 02-03 248,444 1,504 752,000 1,000,444 9,717,886
<br /> 03-04 199;103 1,562 781,000 980,103` 10,697,989
<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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