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APPROPRIATION COMMITTEE 2' REPORT TO THE NOVEMBER 2012 STM Appendix A — FY2013 NPV Calculations Table A1: Expected total property tax revenues under various scenarios Property Tax revenue in million $$ Scenarios for development of Ledgemont 3 Total NPV (*3% NPV (*4% 1) TIF is turned down, but Vistaprint stays with construction $ 9.53 $ 7.15 $ 6.53 and occupancy proceeding on the proposed schedule. 2) TIF is approved, construction and occupancy proceed on S8.32 $ 6.18 $ 5.63 the proposed schedule. 3) TIF is turned down, Hobbs Brook proceeds with a longer $ 8.95 $ 6.62 $ 6.02 construction schedule, occupancy is delayed by 2 years. 4) TIF is turned down, Hobbs Brook proceeds with a longer $ g,31 $ 6.07 $ 5.49 construction schedule, occupancy is delayed by 3 years. 5) TIF is turned down, Vistaprint leaves and no new $ 0 $ 0 $ 0 construction occurs on the site. Table A1: Expected total property tax revenues under various scenarios Table A2: Expected additional net benefit under various scenarios Additional net benefit in million $$ Scenarios for development of Ledgemont 3 Total NPV (*3% NPV (*4% 1) TIF is turned down, but Vistaprint stays with construction $ 0.66 $ 0.38 $ 0.38 and occupancy proceeding on the proposed schedule. 2) TIF is approved, construction and occupancy proceed on $ 0.66 $ 0.38 $ 0.38 the proposed schedule. 3) TIF is turned down, Hobbs Brook proceeds with a longer $ 0.42 $ 0.38 $ 0.37 construction schedule, occupancy is delayed by 2 years. 4) TIF is turned down, Hobbs Brook proceeds with a longer $ 0.50 $ 0.44 $ 0.43 construction schedule, occupancy is delayed by 3 years. 5) TIF is turned down, Vistaprint leaves and no new ($0.55) ($0.41) construction occurs on the site. Table A2: Expected additional net benefit under various scenarios