HomeMy WebLinkAbout1048 Amended Plan HooverUniversal E31LL NO. 2010-072 ORDINANCE NO. ID $
�►N ORDINANCE APPROVING AN AMENDED PLAN FOR AN INDUSTRIAL DEVELOPMENT
F'ROJECT FOR HOOVER UNIVERSAL, INC. AND AUTHORIZING THE CITY TO ISSUE ITS
F�ECOVERY ZONE FACILITY REVENUE BONDS (HOOVER UNIVERSAL, INC. PROJECT),
��ERIES 2010 IN THE MAXIMUM PRINCIPAL AMOUNT OF $20,OOU,000, FOR THE
F'URPOSE OF PROVIDING FUNDS TO PAY THE COSTS OF ACQUIRING, CONSTRUCTING
A�ND EQUIPPING A FACILITY FOR AN INDUSTRIAL DEVELOPMENT PROJECT IN THE
C.ITY; AND AUTHORIZING THE CITY TO ENTER INTO CERTAIN AGREEMENTS AND
T'AKE CERTAIN OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF THE
EtONDS.
WHEREAS, the City of Riverside, Missouri, a fourth-class city and political subdivision of
the State of Missouri (the "City"), is authorized and empowered pursuant to the provisions of
P�rticle VI, Section 27(b) of the Missouri Constitution, as amended, and Sections 100.010 through
100.200, inclusive, of the Revised Statutes of Missouri, as amended (RSMo) (collectively, the
",qcY'), to purchase, construct, extend and improve certain projects (as defined in Section 100.010
F;SMo) and to issue industrial development revenue bonds for the purpose of providing funds to
pay the costs of such projects and to lease or otherwise dispose of such projects to private
persons or corporations for manufacturing, commercial, warehousing and industrial development
purposes upon such terms and conditions as the City shall deem advisable; and
WHEREAS, Section 100.050 RSMo requires the City to prepare a plan in connection
Hrith any industrial development project undertaken pursuant to the Act; and
WHEREAS, a Plan for an Industrial Development Project dated November 17, 2010 (the
"i�riginal Plan") for Hoover Universal, Inc., a Michigan corporation (the "Company"), was
prepared and distributed to the taxing jurisdictions along with notice of a public hearing to be
held by the City on December 7, 2010; and
WHEREAS, on December 7, 2010 the public hearing on the Original Plan was opened
by the City and continued until December 14, 2010; and
WHEREAS, an Amended Plan for an Industrial Development Project dated December 8,
2010 (the "Amended Plan") for the Company was prepared and distributed to the taxing
jurisdictions; and
WHEREAS, the City Council hereby finds and determines that it is desirable for the
irnprovement of the economic welfare and development of the City and within the public
purposes of the Act that the City approve the Amended Plan pursuant to the Act; and
WHEREAS, the Board of Aldermen hereby finds and determines that it is desirable for
the improvement of the economic welfare and development of the City and within the public
purposes of the Act that the City issue its Recovery Zone Facility Revenue Bonds (Hoover
Universal, Inc. Project), Series 2010, in an aggregate principal amount not to exceed
$20,000,000 (the "Bonds, for the purpose of (a) acquiring land to be located at or near 4101
Mattox Road in Riverside, Missouri (the "Project Site"), (b) leasing the Project Site and Project
Irnprovements (as hereinafter defined) to Hoover Universal, Inc., LLC, a Michigan corporation
(i:he "Company") for the construction of an approximately 175,000 square foot manufacturing
f�acility thereon, including the purchase and installation of equipment and fixtures relating thereto
:,
(rollectively, the °Project Improvements"), and (c) paying a portion of the costs of issuing the
Elonds; and
WHEREAS, simultaneously with the issuance of the Bonds, the City will (a) lease the
Leased Property (as defined in the hereinafter approved Lease) to the Company, and (b) enter
irito a Performance Agreement with Company under which the Company will agree to acquire,
construct and install the Project Improvements and maintain a certain number of jobs at the
F'roject Site in consideration of the City issuing the Bonds; and
WHEREAS, the Board of Aldermen further finds and determines that it is necessary and
desirable in connection with the issuance of the Bonds that the City enter into certain
documents and that the City take certain other actions and approve the execution of certain
other documents as herein provided;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE
C,ITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1— APPROVAL OF THE PLAN. The Board of Aldermen hereby finds that:
(a) proper notice as required by the Act was properly given to all taxing jurisdictions regarding
the proposed Amended Plan and (b) it has fairly and duly considered all comments submitted to
the Board of Aldermen regarding the proposed Amended Plan. The Board of Aldermen hereby
approve the Amended Plan in the form of Exhibit A attached hereto.
SECTION 2- AUTHORIZATION FOR THE PROJECT. The City is hereby authorized to
provide for the acquisition of the Project Site and to lease the Leased Property to the Company,
tn cause the acquisition, construction and installation of the Project Improvements, all in the
manner and as more particularly described in the Indenture and the Lease Agreement
hereinafter defined and authorized.
SECTION 3- AUTHORIZATION OF THE BONDS. The City is hereby authorized to
issue and sell the Bonds as described in the recitals hereto for the purpose of providing funds to
pay the costs of the Project and to pay a portion of the costs of issuing the Bonds. The Bonds
shall be issued and secured pursuant to the Indenture and shall have such terms, provisions,
covenants and agreements as are set forth therein.
SECTION 4- LIMITATION ON LIABILITY. The Bonds and the interest thereon shall be
limited and special revenue obligations of the City payable solely out of the rents, revenues and
rESCeipts derived by the City from the Leased Property and the Lease Agreement and not from any
other fund or source of the City. Such payments, revenues and receipts shall be pledged and
assigned to the bond trustee named therein (the "Trustee") as security for the payment of the
B'�onds as provided in the Indenture. The Bonds and the interest thereon shall not constitute
general obligations of the City or the State of Missouri (the "State"), and neither the City nor the
State shall be liable thereon. The Bonds shall not constitute an indebtedness within the meaning
of any constitutional or statutory debt limitation or restriction, and are not payable in any manner
by taxation.
SECTION 5- AUTHORIZATION OF DOCUMENTS. The City is hereby authorized to
enter into the following documents (the "City Documents"), in substantially the forms presented
tc� and approved by the Board of Aldermen and attached to this Ordinance, with such changes
therein as are approved by the officials of the City executing the documents, such officials'
signatures thereon being conclusive evidence of their approval thereof:
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(a) Trust Indenture dated as of the date set forth therein (the "Indenture"),
between the City and the Trustee, pursuant to which (1) the Bonds will be issued and (2)
the City will pledge the Leased Property and assign certain of the payments, revenues
and receipts received pursuant to the Lease Agreement to the Trustee for the benefit
and security of the owners of the Bonds upon the terms and conditions as set forth in the
Indenture.
(b) Lease Agreement dated as of the date set forth therein (the "Lease
AgreemenY'), between the City and the Company, under which the City will lease the
Leased Property to the Company, pursuant to the terms and conditions in the Lease
Agreement, in consideration of rental payments by Company that will be sufficient to pay
the principal of, premium, if any, and interest on the Bonds, inciuding a Memorandum of
Lease Agreement providing notice of the Lease Agreement.
(c) Performance Agreement dated as of the date set forth therein, between
the City and the Company, including a Memorandum of Performance Agreement.
(d) Tax Compliance Agreement dated as of the date set forth therein, among
the City, the Company and the Trustee, relating to the Bonds.
SECTION 6. CREATION OF BOND FUND. The City is hereby authorized to establish
mrith the Trustee pursuant to the Indenture, a special trust fund in the name of the City to be
designated the "City of Riverside, Missouri, Bond Fund — Hoover Universal, Inc. Project" and the
C;ity shall cause all sums required by the Indenture to be deposited therein and shall create all
accounts therein required by the Indenture.
SECTION T- EXECUTION OF DOCUMENTS. The Mayor is hereby authorized to
execute the Bonds and to deliver the Bonds to the Trustee for authentication for and on behalf
of and as the act and deed of the City in the manner provided in the Indenture. The Mayor is
hereby authorized to execute the City Documents and such other documents, certificates and
instruments as may be necessary or desirable to carry out and comply with the intent of this
Ordinance, for and on behalf of and as the act and deed of the City. The City Clerk is hereby
authorized to attest to and affix the seal of the City to the Bonds and the City Documents and
such other documents, certificates and instruments as may be necessary or desirable to carry
out and comply with the intent of this Ordinance.
SECTION 8- FURTHER AUTHORITY. The City shall, and the officials, agents and
employees of the City are hereby authorized to, take such further action, and execute such
other documents, certificates and instruments as may be necessary or desirable to carry out
and comply with the intent of this Ordinance and to carry out, comply with and perform the
duties of the City with respect to the Bonds and the City Documents. The Mayor is hereby
authorized, throughout the term of the Lease Agreement, to execute all documents on behalf of
the City (including documents pertaining to the transfer of property) as may be required to carry
o�ut and comply with the intent of this Ordinance, the Indenture and the Lease Agreement.
SECTION 9- CONFLICTS. Ail ordinances or parts of ordinances in conflict herewith are
hereby repealed.
SECTION 10 - EFFECTIVE DATE. This Ordinance shall be in full force and effect from
and after its passage and approval.
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BE IT REMEMBERED that the above was read two times by heading only, passed and
aipproved by a majority of the Board of Aldermen and APPROVED by the Mayor of the City of
Ftiverside, Missouri, this 14th day of December, 2010.
, �tx-C.�A�l.1 � �� ,�
' • Kathleen L. Rose, Mayor
F�TT�ST: , .
_ �
� f� �`����R/V✓(,���1i l
f
F;obin Littrell, City Clerk
APPR ED AS TO FORM:
f
� Thompson, City Attomey
�
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EXHIBIT A
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NOTICE TO TAXING .IITRISDICTIONS ON ATTACtIF.D LLST
(I�OOVER UNIVERSAL,, INC. — ANIENDEll PLAN
OF INDUS'1"TtIAI. DEVFI.OPMENT)
Re: Notice of Continued Public Hearing
On behalf of t��e City of Riverside, Missouri (the "City"), please find encloseii a copy of the
proposed Amended Plan for an Industrial Development Praject far Hoover Universal. Inc.
("Plan"), which als� contains a Cost Benefit Analysis on the affected taxing jurisdictions.
The City anticipates conszdezi.ng an Ordinance to approve the Plan at its regular meeting on
Tuesday, December 14, 2010 at 7:00 PM at City Hall located at 2950 N.W. Vivion Road,
Riverside, Missouri. The Plan, i£ appmved, consisls of acquiring, constructing, improving
purchasing, equipping and installing an approlcimately 170,000 squaze foot manufacturing facility
for f loover Universal, Inc. to be Iocated on apprp�cimately 25 acres generally located at northeast
corner of Mattox Road and to be constructed 41 Street in the City of Riverside, Missouri, for
industrial development purposes as further described in the attached Plan.
The City invites all affected taxing districts to attend the meeting on Dece�nber 14, 2010 and to
make oral comments on the proposed Plan to the City or ta provide written conunents to the City
on the Plan prior to the meeting. ,All comments of the taxing districts will be fairly and duly
considered by the City.
A copy of the Plan and Cost Benefit Analysis for the proposed project will be on file in tbe office
of the City Clerk and will be availaUle far public inspection during normal husiness hours.
Any questions should be directed to Mike Duffy, Director of Community Development for the
City at (81� 741-3993.
Dated: Deceinber 8, 2010
CI7'X OF RIVERSIDE, MiSSOURT
2950 N.W. Vi�zon Road
Riverside, Missouri 64150
cc: Director of Missouri Dept. of Economic Development
- Bl�.'I+ORE THE
CY1'Y COTINCTL
OF
CITY OF RIVERSIDE, NIISSOURT
AMENDED PLAN FOR AN INDUSTRIAI. DEVEL�PMENfi PRO.TEC'I'
FOR
HOOVER UNIVERSAL, INC.
December 8, 2010
�
PT.AN FOR AN INDiJSTRIAI, DEVELOPMErT PROJECT F"OR
HOOVER UNT'VERSAL, INC.
TO: CT['Y COUNCII. OF THE CITY OF RIVERSIDE, MISSOURI
Hoover Utuversal, Inc., a Mictugan corporation (the "Company"} has proposed this plan for an
industrial development project as described herein to City of Itiverside, Missouri (thc "City"), for
,�pprovaJ, to be canied out pursuant to Article VI, 5ection 27(b) of the Missouri Cons6tution, as amended,
15ections 100.010 to 100.2�0, inclusive, of the Missouri Revised Statutes, as amended, and in support of
said application submits the following:
1. llescription of the I'rc>iect. The Project �onsists of acquiring, constructing, improving
purchasing, equipping and installing an approximately 170,000 square foot
manufacturing faciiity by tlae Company to be located on approximately 25 acres generally
located at northeast corner of Mattox Road and to be constructed 41 Street in the City of
Riverside, Missouri, for industrial developm.ent pwposes (the "ProjecY').
2. Estimate of the Cost of thc Proiect. The total cost of $ie Projcct is estimated to be
$20,000,000.
3. Source of �`unds tu he F.xpended for the Proiect. The source of funds to be expended
for the Project will be the proceeds of $20,000,000 estimated ag� principal amount
of Recovery Zone Pacility Revenue Bonds (the "Bovds") to be issued by the City for the
Proj ect.
4. Statemeni of the Terms Uaon Which tLe Proiect is to be Lcased and Otherwise
Disposed of bv the Citv. Thc Project will be leased (with an option to purchase) to the
Company. The lease payments collectively will equal the principal and interest on tLie
Bonds plus the paymeuts in lieu of taxes. 11ie Bouds will be payable solely from the
revenues derived by the City lirom the lease or other dzsposirion of the Project and the
Sonds will not be an indebtedness or general obligation, debt or liability of the City.
5. Genersl Information Concernin� the CompanY. "I'he Company is a Michigan
corporation. The principal busi�iess of the Company is automotive iuterior mauufacturing
and battery production and building controls.
6. I3ond Purchase ArranQements. It is ex�ected that U.S Bank, N.A. or au affiliate will
purchase the Bonds of the City in the estimated aggregate principal amount of
520,00�,000.
7. Af�ected School District. C.ommunitv ColleEe District, Countv amd Citv. The Park
Hill, Missouri R-V School District, the VIetropolitan Junior College District of Kansas
City, Platte County, Missouri and the City will be affected by the Project.
8. Equalized Assessed Valualion. The most recent equalized assessed valuation of the real
property to be included in the Project is $9,239 and the most recent equalized assessed
valuarion of the persona] property to be included in the Project is $-0-. The estimated
total equaJized assessed valnation after construction and equipping of the Project for real
property to be included vi the Project is $3,840,000 and far personal property to be
included in Yhe Project is $2,464,200.
9. CosUBenefit Analvsis. Attached hereto as Exhibit A is the costlbenefit analysis on each
affected school district, Platte County, Missouri, the City and the ottzer affected taxing
jurisciictions, which assumes a total period of 9 years of ta�c abatement far real property.
There will be no tax abatement for personal property..
10. Pavments in Lieu of 7axes. It is anticipated that the Campany will not make any
paysnents in lieu of taxes for years 1-9 for real groperty.
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EXHTBTT A
COSTBENEFI'T ANALYSIS
]3oover Universal, Inc. RSMo. SectioQ 100 Taa Incenrivc Cost Bene�t Assumptions
'['he 2010 Tax Levy Rates were utilized for all jurisdictions.
�Che accompanying spreadsheet shows the detailed cost benefit amaunts of the proposed Hoover
Universal, Inc. Project. It assumes the following abatement schedule:
1 tEAL FROPERTY:
'f�'eara 1-9 (Years 2012-2020) 100% real property abatement, egcept Year 9(2020) will have 87%
aibatement.
71'he total real propezty taxes that would be generated during the entire 9 year abatement period is
e.stuuated at $2,526,797 of which the total real property abatement is estimated lo be $2,487,990. The
aunount of the paytnent in lieu of ta�c in year 202D will be $38,80$.
1 'ERSONAL PROPERTY:
7Chere will be no tax abatement for personat property.
The machinery and equipment is assumed to be depreciated over a five year period. 1'he depreciated
value of each t}pe of machinery and equipment is shown in the individual columns, and, is based on tLe
clepreciation schedules designated Uy Platte County, Missouri for five year property, which is the IIZS
MACRS depreciation schedule with a Half-Year Convention.
7'he total estunated personal property taxes to be generated from the Project t7uu 2020 and paid to the
various ta�cing jurisdictions is estimated to be $485,732.
Summary of Assumptions
Rexl Pro e
• Initial year taxes assessed 2012
• Appraised vatue of commercial property $12,000,000
• Annual growth rate of appraised value of commercial properiy 2.Q%
(growth rate assessed every two yeazs boginning in 2013)
• Assessed value as a perceptage of appraised value of commercial property 32.0%
PersonalPro er
• Initial year tzxes assessed 2012
� Appraised value of commercial property $12,OQ0,000
Appraised value o£personal property $7,400,000
• Annual growth rate of appraised value of personal properiy 0.00%
• Assessed value as a percentage of appraised value persanal praperty 33.30%
+ DepreciaHon Schedule
Yeaz Percenfa e
0 100.00%
1 80.00%
2 48.00%
3 28.80°/fl
4 17.28%
5 5.76%
6 5.76%
7 5.76%
8 5.76%
9 5.76%
10 5.76%
'
EXHIBTT 1
Summary of Tax Impact Analysis
(Real Property)
Revenue
Tax Revenue Generated
Without Value of from Pilot
Taxing Jurisdiction Ahatement Abatement Yayments
State of Missouri S 10,838 $ 10,672 $ 166
Platte County, Missouri 7,225 7,114 111
Health Center 28,902 28,458 444
Board of Services for the Developmentally Disabled 46,929 46,208 721
Clay-Platte-Ray Mental Health 36,127 35,572 555
Mid-Continent Public Library District 115,607 113,831 1,775
Senior Citizens Services Fund 18,064 17,786 277
Park HIll R-V 1,955,664 1,925,629 30,035
Parkville Special Road District 93,244 91,812 1,432
Metropolitan Junior College District of K.C. 84,140 82,848 1,292
M&M Replacement 5urcharge �'� 130,057 12 8,Ob0 1,997
$ 2,526,797 � 2,487,990 $ 38,807
� Applics to rcal property only
Ex 1-2
E�IiB� 2
Projected Taa Reveaues �VitLout Abetement
�'Rc».' P:aPcrly;
EstimntcdAsscssedVa]ueofRcelPropaty S 3,84Q,000 53,916800 53,916,800 E3,945,176 $7,995,136 54,0'J5039 $4,075,039 54,156539 54,156,539
ex eteper
Tazinglwisdittitm 5100 2012 2013 20I4 2015 2016 2017 ZOfB 2019 2030 Total
Staaof�Siuo�vi 0.03QQ S 1,152 S 1,175 S 1,175 S I,199 3 I,199 S 1,223 S. 1,223 3 1,247 S 1,247 S 10,838
pletteCoimty,Mieeoiui 0.0200 963 783 783 799 799 � SIS 8I5 931 831 7,225
IlmlthCeNa 0.0800 7,072 3,133 3,133 3,19G 3,196 ?,260 3,260 3,325 3,325 28,902
eomdo£SmicasfortlxDeve;opmrntelly�isebled 0.1299 4,966 5,088 5,088 5,190 5,190 5,293 5,293 5,399 5,399 46,929
Cley-Pletto-ReyMmtalHeallh 0.1000 3,640 3,917: 3,919 3,993 3,995 4,075 �,075 4,157 4,157 36,12'
MId-Confincnt Public U'bmy District 09200 12,268 12,534 12,534 12,984 12,784 13,04C 13,040 i3,301 13,301 1 i5,607
SeniorCitizene3ervicebFund 0.05p0 ;920 1,958 1,458 1,998 ],998 2,036 - 2,038 2,078 2,078 I8,064
PazkHl1R-V 5.4133 207,8'11 212,f128 212,�28 216,269 21b,269 220,39! 220,594 22i � 225,006 1,955,664
PerkvilleSpecielRoadDistrici 0.2581 9y71 10,109 10,109 I0,371 L0,311 10,5t8 10�18 10,72& 10,728 93,24A
Metro�rolinmhmiwCollegeDisaittofK.C. 0.7329 B,9A3 9.122 9,122 9,305 9,305 9,491 9,491 9,661 9,681 84,140
d�@MReplarcmrnt5mchnrge 03G00 13,824 14,I00 14,I00 14,782 44,382 14,670 14,670 14,9G4 14,964 1 30,05 7
ProjectedTeuRevrnueswilho�rtAbntement 6.5942 S 266,577 S 273,949 S 273,549 S 279,426 S 279,42R S 285,016 S 265,O16 S 290,717 $ 290.717 S 2,526,79�
Fa:2-1
E7�TT 3
Projected AbatemenE Amoant
�RQ�� �QrPY�� �
F,stima[edA�.cessedVelueofReaiPropaty 53,840,000 53,9I6,800 53,916,8�0 53,995,136 53,995,136 S 4,075,039 54,075,C39 $4,15G,539 54,15G,539
AbntemenfPeccencoge 100% ICO% I00% 100°k 140% (00°!o ICO% L00?�o 87%
Tazc Rate pa
?axinglvnsdi S 2012 2013 2D1A 2015 2016 2U17 20I8 2019 2020 Totel .
StateafMissrntri 0.0300 S 1.15: S ],775 f :,173 S L,199 S 1,199 S 1,223 S 1,223 S 1,247 S 1,061 S 10,G72
PletteComrty,?�Sivsowi 0.0206 768 783 763 799 799 815 8I5 831 720 7,114
Neslth Cemer 0.0600 J,072 3,133 3,133 3,196 3,19b 3,260 3,26Q 9,325 2,861 28,458
Boardof5ervieesforlheDevelopmentallyDisebled 0.1299 4,988 S,C88 5,088 S,190 5,190 5,293 5,293 5,399 4,fi99 46,2D8
Cley-PlanoAayMentzlHeelth 01000 ],&40 3,417 3,917 3,945 3,945 4,075 4,075 4,157 . 3,602 35,572
Mid-ConNnentPublicLtbreryDisCict 0.3200 12,288 12,534 12,534 12,784 12,784 t3,040 13,dM10 13,301 51,525 :13,831
SeniorCitizrnsScrvicaFwul 0.0500 1,920 1,955 1,958 1,996 1,996 2,038 2,038 2,07$ 1,BOI 17,786
PazkHillR-V 5.4133 207,871 212,028 ?12,02R 216,269 216,269 220,594 220,594 225,006 194,9T1 1,925,629
Park��IteSpecielRaedDistrict 0.2361 9,911 t0,109 1D,109 10,31] 10,3I1 10,518 10,515 10,728 9�96 ' 91,SI2
lfetmpolitnnluniorCollegeDistrictafK.G 02329 8,943 9,122 9,1�2 9,305 9,305 � 9,491 4,d91 9,681 NiRB 62,846
M&M Repincemrnt 5wcharge 0.3600 13,824 I�,700 14,L00 14,382 14 ,382 14,67 14,67 14,96 12,966 12 8,060
ProjcctedTaxAbatemrnt 6.9942 S 7b8,577 S 273,944 S 273,949 S 279,42d S 279,328 S 283,016 S 26S,91b S 299,777 S 251,910 $2.487,990
Ez3-I
EXHISIT 4
Prajected Ta.c Reveoues
'�,°2 �o;.s: P.-age y)
Estiin»tedAsseccedV¢lueofPcrsorwlProperty E2,Afi4,200 51,971,3G0 57,182,816 S 709,690 SA25,814 5141,938 SI41,936 514L,938 S141,938,
7aR Rele pa:
TmcmgJuntdictinn 5100 201Z 2013 2014 7A15 2016 7A17 2018 2019 2020 Totel
SteaofAdissmvi 0.0300 S 739 S 591 S 355 S 3I3 S 129 S 43 S 43 S 43 S 43 S 2,196
PletteCounty,M1lissouri 0.0200 493 394 237 l42 85 28 28 28 26 1,4Cr1
HealthCenter 0.0600 ],971 ],577 �946 568 341 n4 I14 Il4 ll4 5,857
� Bo�lofServicesfortheDeve3apmrntallyDisabled 0.1299 3,20L 2,561 1,536 422 553 1$4 l84 I84 784 9,511
Cley-Plntto-ReyAlentelHeaLl� D1000 2,4b4 1,971 1,183 710 426 � 142 L42 142 1C2 � 7j22
Mid-ConRnen! Public Lbiary nisCict 0.3200 7,685 6,308 3,785 2,271 1,363 454 454 454 454 23,424
SeniorCitizensSeivicesF�md . O.OSOQ 1,232 986 591 3.55 233 71 7I 71 71 3,661
PazYRi11A-V � i.4133 �133,395 1W,776 64,029 J8,418 23,05] 7,684 7,68A 7,634 7,684 396,342
PerkvilleSpecialROedDiatrict 025SI 6,360 5,�68 3A53 1,832 1,p99 366 36S 366 366 18,897
1lorcopalitan]uniorCollegeDistriGOfK.C. 0.2329 5,739 4,5 91 2, 1,G53 9 92 331 331 33I 331 17,052
PmjectedT�xRevenuesw'tthoirtAbntemrnt G.G3�2 S 163,?SO $ IJ0,784 S 78,470 S 47,082 S 2g,2q9 S 9,416 5 9,916 5 9,416 S 9,416 4 445,732
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