FISCAL IMPACT STATEMENT
FOR PROPOSED BOND FINANCING

Date: June 17, 2008

To the Board of Supervisors
of Albemarle County, Virginia

Applicant:         St. Anne's - Belfield, Inc.
Facility: Acquiring, constructing and equipping  a new academic village

1.            Maximum amount of financing sought.

 

             $            30,000,000

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

 

 

             $                       N/A

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

 

 

             $                       N/A

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.

 

 

             $                 126,423

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

 

             $                 206,270

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

 

 

             $                 479,277

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

 

 

             $                 293,750

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

 

54

                                          

8.            Average annual salary per employee.

             $                   40,126

 

__________________________________________

Chairman, Industrial Development Authority

of Albemarle County, Virginia

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