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2 <br /> * The TCAC swimming pool would operate in accordance with the <br /> scheduling and fee structure recommended by Orange County Recreation <br /> and Parks - modifications can be made by mutual agreement of TYHA and <br /> the County <br /> * The County will make annual payments of $400,000, in quarterly <br /> installments, to TYHA for 10 years <br /> * The County' s obligation to make any further quarterly installment <br /> payments would cease should TYHA default on the terms of the agreement <br /> * The County will take title to the entire TCAC property, including <br /> land, when debt is paid off by TYHA in 15 years <br /> An explanatory list of attachments to this abstract follows: <br /> Attachment A - Fifth Year Operation Activities Schedule <br /> Provides comparable use figures from Town of Chapel Hill and YMCA <br /> pools and details projected revenue from estimated 77,424 users <br /> Attachment B - Feasibility of YMCA Participation in Pool Project <br /> Summary of September 29 meeting between Board Chair, County <br /> Manager, and YMCA Executive Director <br /> Attachment C - Resolution to Proceed <br /> Indicates Orange County' s intent to proceed with the TCAC project <br /> under terms substantially in the form of the draft agreement at <br /> Attachment D <br /> Attachment D - Draft Facilities/Services Agreement <br /> Draft version of agreement under which County contributes $4 <br /> million over 10 years and TYHA constructs and operates TCAC, <br /> including pool - final version of this document to be approved at <br /> subsequent Board of Commissioners meeting <br /> Attachment E - Property and Sales Taxes - TCAC <br /> Estimates of property tax and sales tax revenue to be returned to <br /> Orange County from TCAC operations <br /> Attachment F - Letter from PHN Capital Funding <br /> Outlines likely actions by investors in the event of revenues <br /> either significantly lower or higher than current projections <br /> Attachment G - County/School CIP Projects <br /> Compares funds estimated to be available for CIP projects over <br /> next 10 years with identified 10 year school needs and 5 year <br /> County capital needs <br /> Attachment H - Memo from SBTDC <br /> Identifies any changes from the TCAC Business Plan that was <br /> produced in February 1993 ; provides 3 sets of revised cash flow figures <br /> to replace the cash flow figures in the original business plan; <br /> available cash when loan is paid off in 15 years is: conservative <br /> scenario - $1 .815 million (page H-3) ; pessimistic scenario - $399,000 <br /> (page H-4 ) ; optimistic scenario - $3.356 million (page H-5) <br />