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Option 1. A Debt Srv. for School Construction/Expansion from PAYG Based on
<br /> Revenue from Impact Fees as Outlined in the Technical Report
<br /> Report
<br /> A. Chapel Hill—Carrboro City Schools
<br /> mAcip\94-99\schools\elempayg.wk3 _ 10/04/93
<br /> Revenue m 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 $1,668,902 $1,668,902 $1,668,902
<br /> 94-95** 1,873,888 $588,375 2,462,263 $1,049,904 1,412,359
<br /> 95-96 2,113,160 813,750 2,926,910 1,049,904 1,877,006
<br /> 96-97 2,312,444 843,750 3,156,194 1,049,904 2,106,290
<br /> 97-98 2,538,267 875,250 3,413,517 1,049,904 2,363,613
<br /> 98-99 2,758,909 907,500 3,666,409 .: 1,049,904 2,616,505
<br /> 99-00 3,031,724 941,078 3,972,802 1,049,904 2,922,898
<br /> 00-01 3,251,711 975,897 4,227,608 1,049,904 3,177,704
<br /> 01-02 3,484,360 1,012,006 4,496,366 :?'; 1,049,904 3,446,462
<br /> 02-03 3,725,700 1,049,450 4,775,150 L 1,049,904 3,725,246
<br /> B. Orange County Schools
<br /> Revenue iii E
<br /> A B C D Available to
<br /> PAYG Funds Impact Fees (1) Total Revenue Estimated Address Other
<br /> $750/dwelling (A+B) COP Payment Capital Needs (C—D)
<br /> 93-94 $1,318,336 $1,318,336 $1,318,336
<br /> 94-95** 1,480,263 $307,688 1,787,951 $1,049,904 738,047
<br /> 95-96 1,581,822 425,250 2,007,072 ?' 1,049,904 957,168
<br /> 96-97 1,730,997 441,000 2,171 ,997 1,049,904 1,122,093
<br /> 97-98 1,871,509 457,500 2,329,009 > 1,049,904 1,279,105
<br /> 98-99 2,034,192 474,000 2,508,192 1,049,904 1,458,288
<br /> 99-00 2,235,344 491,538 2,726,882 ii 1,049,904 1,676,978
<br /> 00-01 2,397,544 509,725 2,907,269 1,049,904 1,857,365
<br /> 01—02 2,569,080 528,585 3,097,665 1,049,904 2,047,761
<br /> 02-03 2,747,024 548,142 3,295,166 I 1,049,904 2,245,262
<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. CO— C —
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