Agenda - 10-04-1993 - VIII-A - Laserfiche WebLink

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Central Carolina Regional Center ,1111 loc• � H North Carolina cia;sl Small Business and Technology Development Center 608 Airport Road, Suite B Chapel Hill, NC 27514 919/962-0389 Fax: 919/962-3291 • Sponsoring Institutions and Offices 9 . 29 . 1993 Elizabeth City Stale University North Carolina Wesleyan To Ted Abernathy College Elizabeth City,919/335-3247 Orange County Economic Development Commissi'n Rocky Mount,919/985-5130 East Carolina University From Barry Phillips / Greenville,919/757-6157 Small Business And Technology Developme t /Center University of North Carolina Central Carolina Regional Office +' at Wilmington Wilmington.919/395-3744 \o University of North Carolina Re Triangle Community Activity Center J at Chapel Hill North Carolina Central University You asked us to prepare Cash Flow Projections (CFPs) Chapel Hill,919/962-0389 for the TCAC using the latest available data . These CFP North Carolina State University should show the following three scenarios; (a) Conserva- Ra/etgh,919/571-4154 tive, (b) Pessimistic and (c) optimistic, with the assump- Fayetlevltlestateunlversify tions for each scenario listed. These CFPs are enclosed ; Pembroke State University Campbell University they have been based on (a) Income growth 2% per annum, MelhodistColtege cumulative and Expense growth 3% per annum cumulative; (b) Fayetteville,919/486-1727 Pembroke, 919/521-4214 income growth 1% and expense growth 3% (c) both income and North Carolina AST state - expense growth at 3% . University University Greensboro ity North Carolina a You also asked us to compare these CFPs with that pro- at Gr Greensboro, 919/334-7005 duced in the Business Plan published in February 1993 and Winston-Salem Stale University to give a brief explanation of the changes . Winston-Salem, 919/750-2030 University of North Carolina (a) Term of the loan. The loan has now been amortized over at Charlotte 15 uest o request ears at the of the lending institutions . Charlotte, 704/548-1090 Y q g Appalachian Slate University Boone, 704/262-2492 (b) Interest rate . The assumed rate is now 8% versus 9% to better reflect the market rates ; it is still on the conser- Western Carolina University University of North Carolina vative side based on the rates now prevailing which indi- atAsheville cate 7 . 5% as an achievable rate . Cullowhee, 704/227-7494 Ash e v r ll e. 704/254-1921 Hickory, 704/327-0007 (c) Amount of loan. $7, 550 , 000 versus $6, 700 , 000 . This has been changed to meet revised costings and to allow for an element of construction period financing costs . (d) Pool revenue . This was previously based on Department of Parks and Recreation projected income at year 5 of $240- A business and , 380 per annum. A revised figure for year 1 of $210 , 000 was technology extension inserted when the Parks & Recreations management reviewed service operated as an their calculations in light of two regional pool ' s 1993 inter-institutional g g P program of The season' s experience and fee structures . University of North Carolina.