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Option 1.D Debt Srv. for School Construction/Expansion from PAYG Based on
<br /> 25% 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\elempa25.wk3 10/04/93
<br /> Revenue g D E
<br /> A B C Debt Sr for Available to
<br /> PAYG Funds Impact Fees (1) Total Revenue s 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 $147,094 2,020,982 $1,049,904 971,078
<br /> 95-96 2,113,160 203,438 2,316,598 1,049,904 1,266,694
<br /> 96-97 2,312,444 210,938 2,523,382 1,049,904 1,473,478
<br /> 97-98 2,538,267 218,813 2,757,080 : 1,049,904 1,707,176
<br /> 98-99 2,758,909 226,875 2,985,784 1,049,904 1,935,880
<br /> 99-00 3,031,724 235,269 3,266,993 1,049,904 2,217,089
<br /> 00-01 3,251,711 243,974 3,495,685 1,049,904 2,445,781
<br /> 01-02 3,484,360 253,001 3,737,361 1,049,904 2,687,457
<br /> 02-03 3,725,700 262,362 3,988,062 1,049,904 2,938,158
<br /> B. Orange County Schools
<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) Expansion Capital Needs (C—D)
<br /> 93-94 $1,318,336 $1,318,336 ii $1,318,336
<br /> 94-95** 1,480,263 $76,922 1,557,185 $1,049,904 507,281
<br /> 95-96 1,581,822 106,313 1,688,135 • 1,049,904 • 638,231
<br /> 96-97 1,730,997 110,250 1,841,247 .' 1,049,904 791,343
<br /> 97-98 1,871,509 114,375 1,985,884 1,049,904 935,980
<br /> 98-99 2,034,192 118,500 2,152,692 :: 1,049,904 1,102,788
<br /> 99-00 2,235,344 122,885 2,358,229 ' 1,049,904 1,308,325
<br /> 00-01 2,397,544 127,431 2,524,975 1,049,904 1,475,071
<br /> 01-02 2,569,080 132,146 2,701,226 1,049,904 1,651,322
<br /> 02-03 2,747,024 137,036 2,884,060 `! 1,049,904 1,834,156
<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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