2007-10-10 Appropriation Committee Report

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APPROPRIATION COMMITTEE REPORT, OCTOBER 9, 2007 TO STM Appendix A: Schedule for mitigation payments totaling $3.1 million The table below shows the timing of the mitigation payments that we use to compute net present values. The timing of the first three columns are more or less specified in the draft agreement, but the State /Shire obligation is only specified in terms of a FY 2012 deadline. Page 12 of 18 Shire to Cary Library (terms of agreement) Shire to Town (terms of agreement) Patriot Partners (terms of agreement State /Shire obligation Totals FY09 $50,000 $30,000 $10,000 $600,000 $690,000 FY10 $0 $0 $10,000 $700,000 $710,000 FY11 $50,000 $30,000 $10,000 $700,000 $790,000 FY12 0 0 $10 $600 610 000 FY33 $50 $30 $10 0 90 000 FY14 $0 $0 $10,000 $0 $10,000 FY15 $50,000 $30,000 $10,000 $0 $90,000 FY16 $0 $0 $10,000 $0 $10,000 FY37 $50 $30 $10 0 $90 FY18 0 0 $10 0 $10 FY19 $0 $0 $0 $0 $0 FY20 $0 $0 $0 $0 $0 FY21 $0 $0 $0 $0 $0 FY22 0 0 0 0 0 FY23 0 0 0 0 0 FY24 0 0 0 0 0 FY25 $0 $0 $0 $0 $0 FY26 $0 $0 $0 $0 $0 FY27 0 0 0 0 0 FY28 0 0 0 0 0 TOTAL 254 000 $150,000 $100,000 $2,600,000 $3,100,000 NPV 4% 1246,748 '', $124,0491 $81,109 $2,359,292 $4771,199 NPV 5 0 /4 $197 $118,6511 $77 2 304 657 $2,698,277 Page 12 of 18