FISCAL IMPACT STATEMENT
FOR PROPOSED BOND FINANCING

Date: October 14, 2008

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

Applicant:         The University of Virginia Health Services Foundation


Facility: (i) long-term acute care hospital, to be located adjacent to property at 2985 Ivy Road, (ii) the acquisition and installation of a Gamma Knife (a specialized neurosurgical device) at the University of Virginia Medical Center located in the Primary Care Building at 1221 Lee Street at University of Virginia Medical Center, and (iii) the replacement of the HVAC system in the Northbridge Building at UVAHSF's facilities, located at 2955 Ivy Road

                       

1.            Maximum amount of financing sought.

 

            $23,100,000

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

 

 

Not Applicable

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

 

 

Not Applicable

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

 

 

Not Applicable

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

 

 

Not Applicable

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

 

 

            $1,146,000

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

 

 

            $1,720,000

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

 

 

            $1,575,000

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

 

 

            $775,000

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

 

            70                            

8.            Average annual salary per employee.

            $45,000   

 

__________________________________________

Chairman, Economic Development Authority

of Albemarle County, Virginia

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