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Preparotl 321102 <br /> ESTIMATED GREENE TRACT REIMBURSEMENT AMOUNTS <br /> Under the intedocal "Agreement for Solid Waste Management', the term <br /> "Reimbursement Amount' is defined as follows: <br /> y1) in the case of disposition to a North Caroline local government that is also a Partn <br /> so long as that government devotes the transferred Gordon to public partners, (a) <br /> S6(M,8l being the original purchase price of the Greene Tract, nethemied (b) by a <br /> /recline, the remember of which is the number of whole acres of the Greene Tract being <br /> disposed and the denominator of which is 169, plus (c) uncompounded interest on the <br /> product of(a) and (bJ at the annual rate d 6.00% mere Modest 30, 1984 to the eflectiva <br /> date of any disposition, and(2) in the case of any other disposition, the greater at either <br /> (e) the Relmburaement Amount to a North CaroNna local government that Is also a <br /> Party, or(b) the net proceeds of a sale after the costs of the aale are jaki <br /> Asau ming a March 30, 2002 disposition date, the note reimbursement amount <br /> would be approximately: <br /> Ori final Purchase Price $608,843 <br /> Annual Interestat Mcom ounded 36,529 <br /> Total Interest 18 ears 657529 <br /> Total Reimbursement Amount $1,266,352. <br /> The respective shares of the local governments in making reimbursements to the <br /> Solid Waste/Landfill Operations Enterprise Fund would be approximately: <br /> Entire Greene Treat 169 acres $1,266,352 <br /> Oren eCOUnt doeded portion 60 acres $449, 92 <br /> Oran eCOUnt interest in remainder 43%af 109 acres $351,207 <br /> Ghn al HIII interest in remainder _ 43%of 109 acres__ $351,207 <br /> Canband interest in remainder 14°7o cf 709 acres $114.34fi <br /> In the case of a hypothetical donation by the three governing boards of 10 acres <br /> to Habitat for Humanity, the resulting shares of the cost of reimbursing the Solid <br /> Wasted-andtill Operotions Enterprise Fund would be approximately: <br /> tire Greene Tract 169 acres <br /> Habitat deeded portion 10 acres $74,932 <br /> Orange County share 43% of donation $32221 <br /> ( Chapel Hill share 43% of donation __ _ $32,221 ( <br /> Garrbore share 14% of donation $10490 <br />