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<br />COLLEGE PROPERTIES, INC. SOUTH CAMPUS REDEVELOPMENT
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<br /> ! PROPERTY TAX PROJECTIONS !
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<br />ASSUMPTIONS: , i I $3,875,000 PAY-AS-YOU-GO T.I.F. 8%PV ,
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<br /> J iNUMBER TAXES : iTAXES YEAR 1/4 iYEAR
<br /> IBUILDING. TYPE IIOF UNITS PER UNIT : IPER YEAR COMPLETE i COMPLETE
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<br /> Motel ! i 57 $1,400 : $79,800 I i Ii 1993
<br /> Independent Living i 140: i $2,200 : i $308,000 i i 19931 : 1994
<br /> Assisted Living Ii 90! $2,300 ,i $207,000 !! 1993\ ! 1994
<br /> Alzheimer's I! 361 $2;000 $72,000 ! I Ii 1994
<br /> I TOTAL il 323: i $666,800 i II
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<br />TAXES PAID: , I; i
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<br />YEAR I !AMOUNT I !2% GROWTH TO PROJECT : ! LGA-HACA I TO CITY I !w/GROWTH
<br /> 19921 I $101,222 ! I $101,222 $0 ;: $01 $101,222 i i $101,222
<br /> 1993i I $71,929 i r $71,929 $0 i $0 $71,929 i! $71,929
<br />, 1994 I $45,237 i i $45,237 $0 j ~ $01 $45,237 !! $45,237
<br /> 19951 I $129,000 i! $129,000 I $O! $0 I $129,000 I: $129,000
<br /> 1996i i $666,800 $666,800 $500,615 : i $0 i $166,185 !! $166,185
<br /> 1997 ! . $666,800 $680,136 $500,615 i $0 $166,185 i i $179,521
<br /> 1998 I $666,800 I $693,739 $500,615 i $0 $166,185 i $193,124
<br /> 1999 '$666,800 $707,613' , $500,615 i $13,773 II $152,412 i l $193,225
<br /> 2000 $666.800 $721,766 $500,615 : $27.768 $138,417 I $193,383
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<br /> 2001 $666,800 $736.201 $500,615 ! $41,652 $124,533 i I $193,934
<br /> 2002 $666,800 $750,925 $500,615 I $55,535 $110,650 I $194,775
<br /> 2003 $666,800 $765,944 $500,615 I $69,419 $96,766 ' $195.910
<br /> 2004, $666,800 $781,262 $500,615 I $83,303 $82,882 $197,344
<br /> 2005 $666,800 $796,888 $500.615 i $97,187 $68,998 $199,086
<br /> 2006 $666,800 $812,825 $500,615 ! $111,071 $55,114 $201,139
<br /> 2007 $666,800 $829,082 $500,615 I $124,955 $41,230 $203,512
<br /> 2008 $666,800 $845,664 $500,615 : $138,839 $27,346 $206,210
<br /> 2009 $666,800 $862,577 $500,615 $152,722 $13,463 $209.240
<br /> 2010 $666,800 $879.828 $500,615 $166,606 ($421 ) $212,607
<br /> TOTALS $10,349,388 $11,878,638 $7,509,225 $1,082,830 $1,757,333 $3,286,583
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