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<br />, . <br /> <br />FISCAL JMPAct StATEMENT" <br /> <br />INDUSTRIAL DEVELOPMENT AUTHORITY OF <br />TIlE CITY OF NORFOLK <br /> <br />February 16,1998 <br /> <br />YOUNG MEN'SCHRlSTIAN ASSOCIATION (), SOUTH HAMPTON ROADS <br />YMCA OF SOUTH HAMPTON ROADS PROJECTS <br /> <br />I. <br /> <br />Maximum amount of financing sought <br /> <br />$ 14.300.000. <br /> <br />2. Estimated taxable value of the facility's real property to be <br />acquired, constrocted, and improved in the City of Portsmnuth, <br />Virginia S N/A <br /> <br />3. EstimatAld real property lax per year using prc!iellt tax rates $ N/A <br /> <br />4. Estimated personal propeny t~ per year using present tax rates $ Nt A <br /> <br />5. Il~timated merchants' capital tax pcr year using present tax rdtes $ JIll A <br /> <br />6. Estimatw dollar value per year of goods and services that will <br />be pureha.~ed locally S 66.000 <br /> <br />7. Estimated number ofrcgular employees on year round basis S 7 <br /> <br />II. Average annual salary per employee S 14.000 <br /> <br />INDUSTRIAL DEVELOPMENT AUTHORITY <br />OF THE CITY 01'. NORFOLK. <br /> <br />l3y LJ.S'L,~dd&..C?c <br /> <br />Chairman . <br /> <br />*Theinformationineludcd herein iSba$ed upon ~tatem~nt ofrepresentlltives of the YMCA ofSuuth HamplonRoads <br />and for NlJmbers 2 through 8rclatcd solely 10 t1tejllrjsd,ietion named in Number hbove.. The Bonds, the maximum <br />amount of which is listed in Number I, will be issued by the Industrial Development Authority ufthe City of <br />Alexandria and not by tbe Industrial Development Authority oftbe City ofNorfollc. <br />