|
Option 1. G Debt Srv. for School Construction/Expansion from PAYG Based on
<br /> 50% of the Revenue from Impact Fees as Outlined in the Technical Report
<br /> Report
<br /> A. Chapel Hill—Carrboro City Schools
<br /> m:\cip\94-991,schools\elempa50.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 `z School Constr./ Address Other
<br /> $750/dwelling (A+B) Expansion Capital Needs (C—D)
<br /> 93-94 $1,668,902 $1,668,902 $1,668,902
<br /> 94-95** 1,873,888 $294,188 2,168,076 $1,049,904 1,118,172
<br /> 95-96 2,113,160 406,875 2,520,035 h 1,049,904 1,470,131
<br /> 96-97 2,312,444 421,875 2,734,319 ; 1,049,904 1,684,415
<br /> 97-98 2,538,267 437,625 2,975,892 1,049,904 1,925,988
<br /> 98-99 2,758,909 453,750 3,212,659 1,049,904 2,162,755
<br /> 99-00 3,031,724 470,539 3,502,263 1,049,904 2,452,359
<br /> 00-01 3,251,711 487,949 3,739,660 1,049,904 2,689,756
<br /> 01-02 3,484,360 506,003 3,990,363 1,049,904 2,940,459
<br /> 02-03 3,725,700 524,725 4,250,425 1,049,904 3,200,521
<br /> B. Orange County Schools
<br /> Revenue iiii 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) Expansion Capital Needs (C—D)
<br /> 93-94 $1,318,336 $1,318,336 : $1,318,336
<br /> 94-95** 1,480,263 $153,844 1,634,107 $1,049,904 584,203
<br /> 95-96 1,581,822 212,625 1,794,447 1,049,904 744,543
<br /> 96-97 1,730,997 220,500 1,951,497 . 1,049,904 901,593
<br /> 97-98 1,871,509 228,750 2,100,259 1,049,904 1,050,355
<br /> 98-99 2,034,192 237,000 2,271,192 '> 1,049,904 1,221,288
<br /> 99-00 2,235,344 245,769 2,481,113 1,049,904 1,431,209
<br /> 00-01 2,397,544 254,862 2,652,406 ': 1,049,904 1,602,502
<br /> 01-02 2,569,080 264,292 2,833,372 : 1,049,904 1,783,468
<br /> 02-03 2,747,024 274,071 3,021,095 1,049,904 1,971,191
<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.
<br />
|