FISCAL IMPACT STATEMENT
FOR PROPOSED BOND FINANCING
Date: February 13, 2007
To the Board of Supervisors
of Albemarle County, Virginia
Applicant:
Westminster-Canterbury of the Blue Ridge
Facility: Continuing Care Retirement Community
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1. Maximum amount of financing sought.
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$ 45,000,000 |
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2. Estimated taxable value of the facility's real property to be constructed in the locality.
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$ 6,000,000 |
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3. Estimated real property tax per year using present tax rates.
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$ 800,000 |
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4. Estimated personal property tax per year using present tax rates.
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$ 25,000 |
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5. Estimated merchants' capital tax per year using present tax rates.
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$ 0 |
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6. (a) Estimated dollar value per year of goods that will be purchased from Virginia companies within the locality.
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$ 2,000,000 |
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(b) Estimated dollar value per year of goods that will be purchased from non-Virginia companies within the locality.
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$ 1,000,000 |
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(c) Estimated dollar value per year of services that will be purchased from Virginia companies within the locality.
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$ 200,000 |
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(d) Estimated dollar value per year of services that will be purchased from non-Virginia companies within the locality.
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$ 100,000 |
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7. Estimated number of regular employees on year round basis.
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260 |
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8. Average annual salary per employee. |
$ 30,000 |