Agenda - 08-05-1991 - Laserfiche WebLink

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M1,4c' 71 DEPARTMENT OF TEkE TREASURER LOCAL GOVERNMENT COMM=ON 325 North Salirbuq Stmt Rak lgh, North Caron" 27603-1388 Tek9hone (919) 733 -3064 Fax (919) 733 -9586 APPLICATION FOR APPROVAL OF INSTALLMENT PURCHASE OR LEASE CONTRACTS CHECK ONE: ❑ C.S. 180A -19 ® G. S. 180A -20 Orange County 1. Unit Population Data 2., Project Description Land Acquisition For Constructioh of Human Services Facility. Available funds insufficient to purchase needed property. 3. Necessity 4. Principle Amount to be Financed ........... ...................... $ 302,500 5. Interest to be paid during life of contract ............................ 55,689 6. Amount due throughout life of contract ............................. $ 358,189 (i.e., amount of periodic payment times number of payments. Should also be the total of 4 + 5 above.) 7. Estimated increase in tax rate by reason of proposed financing -0 . if no increase is anticipated, explain source of payments, sales tax held in Capital Reserve Funds 8. Term of contract including options to renew ......................... 59 months 9. Basis of design and estimated cost of project L." Land Acquisition 852,500.00 10. Capital budget based on estimates as of .............................. 7 -31 -91 Estimated Cant Fi ndfnR Sources - Construction Cost .... $ - - - -- Loan .......... ....... $ 302,500 Eng, or Arch. Fees ... Grants (indicate source) Land and Rt. -of -way . 852,500 .................... Special Counsel Fear.. 2,000 .................... Other Legal/Fiscal Cost - - - -- ............... Administrative Cort... - - -" .................... Capitalized Interest ... ^ - - -- .................... Contingency ,000 550,000 gency ......... Available Cash ...... . .................... Other.......... 5,000 Total....... $ 857,500 Total ....... $ ;857,500.