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HomeMy WebLinkAboutSo Co Financial Asstc ProgramDe s c h u t e s C o u n t y Fu n d 2 9 6 - C D D G r o u n d w a t e r P a r t n e r s h i p ( F K A C o m m u n i t y D e v e l o p m e n t - T D C ) V. 2 b : P R C P u r c h a s e s & S u n r i v e r Fe a s i b i l i t y ( D E Q L o a n ) FY 2 0 0 7 F Y 2 0 0 8 FY 2 0 0 9 F Y 2 0 1 0 F Y 2 0 1 1 F Y 2 0 1 2 F Y 2 0 1 3 F Y 2 0 1 4 F Y 2 0 1 5 F Y 2 0 1 6 F Y 2 0 1 7 Be g i n n i n g N e t W o r k i n g C a p i t a l 9 2 , 4 6 9 $ 4 5 6 , 9 2 6 $ 4 7 7 , 4 3 3 $ 5 1 1 , 9 5 5 $ 2 8 6 , 2 7 7 $ 5 9 , 2 4 2 $ 4 2 , 0 0 2 $ 38,538 $ 132,868 $ 103,297 $ 180,844 $ Tr a n s f e r s I n - N P A L a n d S a l e s - - - - - - - 250,000 - 250,000 - Tr a n s f e r s I n - N P A P R C F a l l b a c k ( 1 ) - - - - - 1 5 0 , 0 0 0 1 5 0 , 0 0 0 375,000 375,000 525,000 525,000 DE Q l o a n - - 4 0 , 0 0 0 OE C D D g r a n t - - - - - - - - - - - OE C D D l o a n - - - - - - - - - - - CO C I B g r a n t - - 2 5 , 0 0 0 - - - - - - - - EP A G r a n t f o r l o a n p r o g r a m ( 2 ) 3 5 9 , 1 0 9 - - - - - - - - - - In t e r e s t ( 3 ) 5 , 3 4 8 20 , 5 0 7 14 , 5 2 2 15 , 5 7 2 8, 7 0 7 1, 8 0 2 1,278 1,172 3,971 3,047 5,295 To t a l R e v e n u e s 4 5 6 , 9 2 6 47 7 , 4 3 3 55 6 , 9 5 5 52 7 , 5 2 7 2 9 4 , 9 8 4 21 1 , 0 4 4 193,280 664,710 511,839 881,344 711,139 PR C P u r c h a s e s ( 4 ) - - 4 5 , 0 0 0 9 3 , 7 5 0 1 8 7 , 5 0 0 - - - - - - Di r e c t a s s i s t . / l o a n s t o p r o p . o w n e r s ( 5 ) - - - 2 0 , 0 0 0 4 0 , 0 0 0 1 6 0 , 8 0 0 1 4 6 , 5 0 0 523,600 400,300 700,500 567,300 DE Q L o a n P a y m e n t s ( 6 ) - - - - 8 , 2 4 2 8 , 2 4 2 8 , 2 4 2 8,242 8,242 - - Co u n t y p a y m e n t S u n r i v e r F e a s i b i l i t y ( 7 ) - - - 1 2 7 , 5 0 0 - - - - - - - - - - - - - - - - - - To t a l E x p e n d i t u r e s - - 4 5 , 0 0 0 24 1 , 2 5 0 2 3 5 , 7 4 2 16 9 , 0 4 2 154,742 531,842 408,542 700,500 567,300 En d i n g F u n d B a l a n c e 4 5 6 , 9 2 6 47 7 , 4 3 3 51 1 , 9 5 5 28 6 , 2 7 7 5 9 , 2 4 2 42 , 0 0 2 38,538 132,868 103,297 180,844 143,839 No t e s & A s s u m p t i o n s : (1 ) N u m b e r o f P R C s p a i d f o r b y d e v e l o p e r / b u i l d e r u s i n g f a l l b a c k p r i c e o f $ 7 , 5 0 0 ( N 1 / N 2 ) : 0 / 2 0 0 / 2 0 2 0 / 3 0 2 0 / 3 0 3 0 / 4 0 3 0 / 4 0 (2 ) T h e s e g r a n t f u n d s s p e c i f i e d f o r l o a n s t o p r o p e r t y o w n e r s . (3 ) A s s u m e d 3 % i n t e r e s t r a t e b e g i n n i n g F Y 2 0 0 9 10 . 0 5 9 . 1 6 32.73 25.02 43.78 35.46 (4 ) C o u n t y P R C p u r c h a s e s a s s u m e d t o d e c l i n e w h e n N P A d e v e l o p e r s b e g i n p u r c h a s i n g c r e d i t s a g a i n 1 7 . 8 7 1 6 . 2 8 58.18 44.48 77.83 63.03 N u m b e r o f P R C s p u r c h a s e d b y y e a r : 1 2 i n F Y 2 0 0 9 , 2 5 i n F Y 2 0 1 0 , a n d 5 0 i n F Y 2 0 1 1 (5 ) A s s u m e d a s s i s t a n c e f u n d i s c a p i t a l i z e d u s i n g 8 0 % o f t h e f u n d b a l a n c e b e g i n n i n g i n 2 0 1 2 . F Y 2 0 1 0 & 2 0 1 1 a r e c a p i t a l i z e d a t a f l a t r a t e . N u m b e r o f h o u s e h o l d s s e r v e d p e r y e a r a t : $ 1 6 , 0 0 0 p e r u p g r a d e : 1 . 3 2 . 5 1 0 . 1 9 . 2 3 2 . 7 2 5 . 0 4 3 . 8 3 5 . 5 $9 , 0 0 0 p e r u p g r a d e : 2 . 2 4 . 4 1 7 . 9 1 6 . 3 5 8 . 2 4 4 . 5 7 7 . 8 6 3 . 0 N u m b e r o f h o u s e h o l d s s e r v e d i n c l . P R C t r a n s a c t i o n $ 1 2 , 2 5 0 p e r u p g r a d e : 1 . 6 3 . 2 1 2 . 9 1 1 . 7 4 1 . 9 3 2 . 0 5 6 . 0 4 5 . 4 $5 , 2 5 0 p e r u p g r a d e : 3 . 8 7 . 6 3 0 . 6 2 7 . 9 9 9 . 7 7 6 . 2 1 3 3 . 4 1 0 8 . 1 (6 ) D E Q l o a n t e r m s : 1 . 1 8 % , r e p a y m e n t p e r i o d i s 5 y e a r s (7 ) T h e C o u n t y p a y m e n t f o r t h e S u n r i v e r F e a s i b i l i t y s t u d y i n c l u d e s $ 6 5 , 0 0 0 g r a n t / l o a n f u n d s a n d $ 6 2 , 5 0 0 o f c o u n t y f u n d s . Cu m u l a t i v e m a x i m u m n u m b e r o f h o u s e h o l d s a s s i s t e d o v e r t i m e as s u m e s a l l h o u s e h o l d s m a y r e c e i v e b o t h l o a n s a n d P R C s - 3 . 8 1 1 1 . 4 3 4 2 . 0 6 6 9 . 9 6 169.70 245.94 379.37 487.43 Su n r i v e r Fe a s i b i l i t y DE Q L o a n