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Option 1. B Debt Srv. for School Construction/Expansion from PAYG Based on
<br /> 75% of the Revenue from Impact Fees as Outlined in the Technical Report
<br /> Report
<br /> A. Chapel Hill—Carrboro City Schools
<br /> m:\cip\94-99\schools\elempa75.wk3 10/04/93
<br /> Revenue D E
<br /> A B C Debt Sr for Available to
<br /> PAYG Funds Impact Fees (1) Total Revenue School Constr./ Address Other
<br /> $750/dwelling (A+B) 1 Expansion Capital Needs (C—D)
<br /> 93-94 $1,668,902 $1,668,902 $1,668,902
<br /> 94-95** 1,873,888 $441,281 2,315,169 $1,049,904 1,265,265
<br /> 95-96 2,113,160 610,313 2,723,473 r 1,049,904 1,673,569
<br /> 96-97 2,312,444 632,813 2,945,257 1,049,904 1,895,353
<br /> 97-98 2,538,267 656,438 3,194,705 > 1,049,904 2,144,801
<br /> 98-99 2,758,909 680,625 3,439,534 1,049,904 2,389,630
<br /> 99-00 3,031,724 705,808 3,737,532 :< 1,049,904 2,687,628
<br /> 00-01 3,251,711 731,923 3,983,634 .i 1,049,904 2,933,730
<br /> 01-02 3,484,360 759,004 4,243,364 1,049,904 3,193,460
<br /> 02-03 3,725,700 787,087 4,512,787 1,049,904 3,462,883
<br /> B. Orange County Schools
<br /> Revenue D E
<br /> A B C -3 Debt Sr for Available to
<br /> PAYG Funds Impact Fees (1) Total Revenue :il School Constr./ Address Other
<br /> $750/dwelling (A+B) Expansion Capital Needs (C—D)
<br /> 93-94 $1,318,336 $1,318,336 $1,318,336
<br /> 94-95** 1,480,263 $230,766 1,711,029 >.' $1,049,904 661,125
<br /> 95-96 1,581,822 318,938 1,900,760 '': 1,049,904 850,856
<br /> 96-97 1,730,997 330,750 2,061,747 ' 1,049,904 1,011,843
<br /> 97-98 1,871,509 343,125 2,214,634 1,049,904 1,164,730
<br /> 98-99 2,034,192 355,500 2,389,692 j 1,049,904 1,339,788
<br /> 99-00 2,235,344 368,654 2,603,998 1,049,904 1,554,094
<br /> 00-01 2,397,544 382,294 2,779,838 •'' 1,049,904 1,729,934
<br /> 01-02 2,569,080 396,439 2,965,519 1,049,904 1,915,615
<br /> 02-03 2,747,024 411,107 3,158,131 LL 1,049,904 2,108,227
<br /> (1) From technical report,June 1993. Amounts shown are one year in arrears.
<br /> (2) Debt is based on Certificate of Participation(COP)for$10,000,000 sold at 6.3%interest rate for 15 years.COPs can be
<br /> financed for up to 20 years.
<br /> **Impact Fee Revenue Received in 1993-94 adjusted to reflect 9 months of activity since construction already permitted was not required to pay
<br /> the fee.
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