FISCAL IMPACT STATEMENT
FOR PROPOSED BOND FINANCING

Date:    December 8, 2005

To the Board of Supervisors
of the County of Albemarle, Virginia

Applicant:          Recording for the Blind & Dyslexic, Inc.
Facility: Headquarters Facility

1.            Maximum amount of financing sought.

 

             $                2,850,000

2.            Estimated taxable value of the facility's real property to be constructed in the locality.

 

 

             $                2,500,000

3.            Estimated real property tax per year using present tax rates.

 

 

             $                    18,500

4.            Estimated personal property tax per year using present tax rates.

 

 

             $                        N/A

5.            Estimated merchants' capital tax per year using present tax rates.

 

 

             $                        N/A

6.     (a)   Estimated dollar value per year of goods that will be purchased from Virginia companies within the locality.

 

 

             $                  200,000

(b)  Estimated dollar value per year of goods that will be purchased from non-Virginia companies within the locality.

 

 

             $                    40,000

(c)  Estimated dollar value per year of services that will be purchased from Virginia companies within the locality.

 

 

             $                    60,000

(d)  Estimated dollar value per year of services that will be purchased from non-Virginia companies within the locality.

 

 

             $                      5,000

7.            Estimated number of regular employees on year round basis.

 

 

             22

8.            Average annual salary per employee.

             $                    44,000

 

______________________________________

Chairman, Industrial Development Authority

of Albemarle County, Virginia

 

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