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Fiscal Year

City of Atlanta and Atlanta Falcons New Stadium Project Analysis of Accounts for Ongoing Stadium Operating and Maintenance Based upon Summary Of Proposed Terms Of Certain Project Documents March 10, 2013

Year

 

LRMRA (Maintenance Reserve Account)

NSP Renewal and Extension Account

Other Events Staging Expense

 

Falcons Annual

Present Value at 5.25% Discounting

 

O&M Account

License Payment

Total

1 2015

$

3,000,000.00

$

1,000,000.00

$

3,500,000.00

$

-

$

(2,500,000.00)

$

5,000,000.00

$

4,750,593.82

2 2016

$

3,060,000.00

$

1,020,000.00

$

3,570,000.00

$

-

$

(2,550,000.00)

$

5,100,000.00

$

4,603,900.90

3

2017

$

3,121,200.00

$

1,040,400.00

$

3,641,400.00

$

-

$

(2,601,000.00)

$

5,202,000.00

$

4,461,737.69

4 2018

$

3,183,624.00

$

1,061,208.00

$

3,714,228.00

$

-

$

(2,653,020.00)

$

5,306,040.00

$

4,323,964.32

5 2019

$

3,247,296.48

$

1,082,432.16

$

3,788,512.56

$

-

$

(2,706,080.40)

$

5,412,160.80

$

4,190,445.23

6 2020

$

3,312,242.41

$

1,104,080.80

$

3,864,282.81

$

-

$

(2,760,202.01)

$

5,520,404.02

$

4,061,049.06

7 2021

$

3,378,487.26

$

1,126,162.42

$

3,941,568.47

$

-

$

(2,815,406.05)

$

5,630,812.10

$

3,935,648.50

8 2022

$

3,446,057.00

$

1,148,685.67

$

4,020,399.84

$

-

$

(2,871,714.17)

$

5,743,428.34

$

3,814,120.16

9

2023

$

3,514,978.14

$

1,171,659.38

$

4,100,807.83

$

-

$

(2,929,148.45)

$

5,858,296.91

$

3,696,344.48

10 2024

$

3,585,277.71

$

1,195,092.57

$

4,182,823.99

$

-

$

(2,987,731.42)

$

5,975,462.84

$

3,582,205.57

11 2025

$

3,656,983.26

$

1,218,994.42

$

4,266,480.47

$

-

$

(3,047,486.05)

$

6,094,972.10

$

3,471,591.15

12 2026

$

3,730,122.93

$

1,243,374.31

$

4,351,810.08

$

-

$

(3,108,435.77)

$

6,216,871.54

$

3,364,392.37

13 2027

$

3,804,725.38

$

1,268,241.79

$

4,438,846.28

$

-

$

(3,170,604.49)

$

6,341,208.97

$

3,260,503.77

14 2028

$

3,880,819.89

$

1,293,606.63

$

4,527,623.21

$

-

$

(3,234,016.58)

$

6,468,033.15

$

3,159,823.13

15 2029

$

3,958,436.29

$

1,319,478.76

$

4,618,175.67

$

-

$

(3,298,696.91)

$

6,597,393.82

$

3,062,251.40

16

2030

$

4,037,605.01

$

1,345,868.34

$

4,710,539.18

$

-

$

(3,364,670.85)

$

6,729,341.69

$

2,967,692.56

17 2031

$

4,118,357.12

$

1,372,785.71

$

4,804,749.97

$

8,000,000.00

$

(3,431,964.26)

$

14,863,928.53

$

6,228,132.33

18 2032

$

4,200,724.26

$

1,400,241.42

$

4,900,844.97

$

-

$

(3,500,603.55)

$

7,001,207.10

$

2,787,244.35

19 2033

$

4,284,738.74

$

1,428,246.25

$

4,998,861.87

$

-

$

(3,570,615.62)

$

7,141,231.24

$

2,701,177.42

20 2034

$

4,370,433.52

$

1,456,811.17

$

5,098,839.10

$

-

$

(3,642,027.93)

$

7,284,055.86

$

2,617,768.14

21

2035

$

4,457,842.19

$

1,485,947.40

$

5,200,815.89

$

-

$

(3,714,868.49)

$

7,429,736.98

$

2,536,934.44

22 2036

$

4,546,999.03

$

1,515,666.34

$

5,304,832.20

$

-

$

(3,789,165.86)

$

7,578,331.72

$

2,458,596.80

23 2037

$

4,637,939.01

$

$

5,410,928.85

$

-

$

(3,864,949.18)

$

7,729,898.35

$

2,382,678.13

24 2038

$

4,730,697.79

$

1,576,899.26

$

5,519,147.42

$

-

$

(3,942,248.16)

$

7,884,496.32

$

2,309,103.75

25

2039

$

4,825,311.75

$

1,608,437.25

$

5,629,530.37

$

-

$

(4,021,093.12)

$

8,042,186.25

$

2,237,801.26

26

2040

$

4,921,817.98

$

1,640,605.99

$

5,742,120.98

$

-

$

(4,101,514.99)

$

8,203,029.97

$

2,168,700.51

27 2041

$

5,020,254.34

$

1,673,418.11

$

5,856,963.40

$

-

$

(4,183,545.29)

$

8,367,090.57

$

2,101,733.51

28 2042

$

5,120,659.43

$

1,706,886.48

$

5,974,102.67

$

-

$

(4,267,216.19)

$

8,534,432.38

$

2,036,834.37

3/10/2013

5:05 PM

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Atlanta NSP Financing Through FY 2050 O&M Accounts Funded by HM taxes

Fiscal Year

City of Atlanta and Atlanta Falcons New Stadium Project Analysis of Accounts for Ongoing Stadium Operating and Maintenance Based upon Summary Of Proposed Terms Of Certain Project Documents March 10, 2013

Year

 

LRMRA (Maintenance Reserve Account)

NSP Renewal and Extension Account

Other Events Staging Expense

 

Falcons Annual

Present Value at 5.25% Discounting

 

O&M Account

License Payment

Total

29

2043

$

5,223,072.62

$

1,741,024.21

$

6,093,584.72

$

-

$

(4,352,560.52)

$

8,705,121.03

$

1,973,939.25

30 2044

$

5,327,534.07

$

1,775,844.69

$

6,215,456.42

$

-

$

(4,439,611.73)

$

8,879,223.45

$

1,912,986.26

31 2045

$

5,434,084.75

$

1,811,361.58

$

6,339,765.54

$

-

$

(4,528,403.96)

$

9,056,807.92

$

1,853,915.42

32

2046

$

5,542,766.45

$

1,847,588.82

$

6,466,560.86

$

-

$

(4,618,972.04)

$

9,237,944.08

$

1,796,668.63

33

2047

$

5,653,621.78

$

1,884,540.59

$

6,595,892.07

$

-

$

(4,711,351.48)

$

9,422,702.96

$

1,741,189.55

34

2048

$

5,766,694.21

$

1,922,231.40

$

6,727,809.91

$

-

$

(4,805,578.51)

$

9,611,157.02

$

1,687,423.60

35 2049

$

5,882,028.10

$

1,960,676.03

$

6,862,366.11

$

-

$

(4,901,690.08)

$

9,803,380.16

$

1,635,317.88

36 2050

$

5,999,668.66

$

1,999,889.55

$

6,999,613.43

$

-

$

(4,999,723.88)

$

9,999,447.76

$

1,584,821.13

37

2051

$

3,059,831.02

$

1,019,943.67

$

3,569,802.85

$

-

$

(2,549,859.18)

$

5,099,718.36

$

767,941.83

 

$

159,042,932.57

$

53,014,310.86

$

185,550,088.00

$

8,000,000.00

$

(132,535,777.14)

$

273,071,554.29

$

108,227,172.70

Source: FALCONS NEW STADIUM PROJECT SUMMARY OF PROPOSED TERMS OF CERTAIN PROJECT DOCUMENTS

Hotel Motel tax effective through 12/31/2050, meaning 6 months of calendar year 2051 is in FY 2051. LRMRA account increased to $3 million from $2 million in the GWCCA term sheet NSP Renewal account decreased from $10 million to $1 million in the GWCCA Other Evants Staging is a new $3.5 million account Falcons license included as it is operating revenue for GWCCA from the Falcons

3/10/2013

5:05 PM

Page 2 of 2

Atlanta NSP Financing Through FY 2050 O&M Accounts Funded by HM taxes