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<br />COLLEGE PROPERTIES, INC. I ;SOUTH CAMPUS REDEVELOPMENT
<br /> PROPERTY TAX PROJECTIONS I I
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<br />ASSUMPTIONS: $3,875,000 PAY-AS-YOU-GO T.I.F. 8%PV ,
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<br />" I 'NUMBER ! TAXES ' ;TAXES YEAR 1/4 I YEAR
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<br /> BUILDING TYPE ' :OF UNITS i PER UNIT : PER YEAR COMPLETE i COMPLETE
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<br />..( Motel i 57, ; $1,400 ': $79,800 : I I' 1993
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<br /> Independent Living 132i! $2,200 , $290,400 I' 1993 ~ i 1994
<br /> Assisted Living 90!1 $2,300 , $207,000 ; 1993: : 1994
<br /> Alzheimer's 36:! $2,000 , $72,000 I i i 1994
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<br /> !TOTAL 3151 ! $649,200 i! . i i
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<br />TAXES PAID: !I
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<br />YEAR I iAMOUNT '2% GROWTH TO PROJECT ' : LGA-HACA TO CITY : fW/GROWTH
<br /> 1992: I $101,222 . $101,222 ' $0 $0 II $101,222 i: $101,222
<br /> 19931 ! $71,929 $71,929 ! I $0 ,; $0 Ii $71,929 : i $71,929
<br /> 1994! ' $45,237 " $45,237 I' $0 ,; $0, $45,237 i: $45,237
<br />~ 1995! $129,000 . , $129,000 I $0 $0 $129,000 I: $129,000
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<br /> 19961 ! $649,200 : , $649,200 $500,615 :! $01 $148,585 I! $148,585
<br /> 1997 ! $649,200 $662,184 $500,615 ! I $0 $148,585 i $161,569
<br /> 1998 I $649,200 i i $675,428 $500,615 i: $0 $148,585 : $174,813
<br /> 1999 I , $649,200 ! i $688,936 $500,615 i i $13,773 I $134,812 , I $174,548
<br /> 20001 I $649,200 :; $702,715 $500,615 !! $27,768 $120,817 $174,332
<br /> 2001 $649,200 ! i $716,769 $500,615 : $41,652 I $106,933 $174,502
<br />, 2002 $649,200 :! $731,105 $500,615 ! I $55,535 $93,050 $174,955
<br /> 2003 $649,200 i i $745,727 $500,615 i i $69,419 $79,166 $175,693
<br /> 2004' $649,200 i: $760,641 $500,615 : I $83,303 $65,282 $176,723
<br /> 2005 $649,200 i I $775,854 $500,615 i $97,187 $51,398 $178,052
<br /> 2006 $649,200 i, $791,371 $500,615 i I $111,071 $37,514 $179,685
<br /> 2007 $649,200 I' $807,199 $500,615 I $124,955 ' $23,630 $181,629
<br /> 2008 I $649,200 i i $823,343 $500,615 i $138,839 $9,746 $183,889
<br /> 2009 $649,200 I i $839,809 $500,615 I $152,722 ($4,137) $186,472
<br /> 2010 $649,200 I $856,606 $500,615 I' $166,606 ($18,02f) $189,385
<br /> TOTALS $10,085,388 I $11,574,274 $7,509,225 ! $1,082,830 $1,493,333 $2,982,219
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