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Year

Georgia World Congress Center and Atlanta Falcons New Stadium Project
Analysis of Terms Creating Accounts for Ongoing Stadium Maintenance Expense and Capital Projects
Based upon 35 Year Agreement and Financing
LRMRA
(Maintenance
Reserve Account)

Total Nominal
Contributions

NSP Renewal and Extension Account


Maximum Annual
Additions

Cumulative Balance Withdrawals Equal to


Subject to Cap
Account Cap
LRNRA and NSPREA

Additions Discounted to Present Value at 5.25%

LRMRA

NSPREA

LRNRA and NSPREA

1 $

2,000,000.00 $

10,000,000.00 $

10,000,000.00 $

12,000,000.00 $

1,900,237.53 $

9,501,187.65 $

11,401,425.18

2 $

2,040,000.00 $

10,200,000.00 $

20,200,000.00 $

12,240,000.00 $

1,841,560.36 $

9,207,801.81 $

11,049,362.17

3 $

2,080,800.00 $

10,404,000.00 $

30,604,000.00 $

12,484,800.00 $

1,784,695.08 $

8,923,475.38 $

10,708,170.46

4 $

2,122,416.00 $

10,612,080.00 $

41,216,080.00 $

12,734,496.00 $

1,729,585.73 $

8,647,928.64 $

10,377,514.37

5 $

2,164,864.32 $

10,824,321.60 $

52,040,401.60 $

12,989,185.92 $

1,676,178.09 $

8,380,890.46 $

10,057,068.56

6 $

2,208,161.61 $

11,040,808.03 $

63,081,209.63 $

13,248,969.64 $

1,624,419.62 $

8,122,098.12 $

9,746,517.74

7 $

2,252,324.84 $

11,261,624.19 $

74,342,833.82 $

13,513,949.03 $

1,574,259.40 $

7,871,296.99 $

9,445,556.39

8 $

2,297,371.34 $

11,486,856.68 $

85,829,690.50 $

13,784,228.01 $

1,525,648.06 $

7,628,240.31 $

9,153,888.38

14,059,912.57 $

1,478,537.79 $

7,392,688.95 $

8,871,226.74

100,000,000.00 $

14,341,110.82 $

1,432,882.23 $

7,164,411.14 $

8,597,293.37

9 $

2,343,318.76 $

11,716,593.81 $

97,546,284.31 $

10 $

2,390,185.14 $

11,950,925.69 $

9,497,210.00 $

11 $

2,437,988.84 $

12,189,944.20 $

21,687,154.20 $

14,627,933.04 $

1,388,636.46 $

6,943,182.30 $

8,331,818.76

12 $

2,486,748.62 $

12,433,743.08 $

34,120,897.28 $

14,920,491.70 $

1,345,756.95 $

6,728,784.74 $

8,074,541.69

13 $

2,536,483.59 $

12,682,417.95 $

46,803,315.23 $

15,218,901.53 $

1,304,201.51 $

6,521,007.54 $

7,825,209.05

14 $

2,587,213.26 $

12,936,066.30 $

59,739,381.53 $

15,523,279.57 $

1,263,929.25 $

6,319,646.26 $

7,583,575.52

15 $

2,638,957.53 $

13,194,787.63 $

72,934,169.16 $

15,833,745.16 $

1,224,900.56 $

6,124,502.79 $

7,349,403.35

16 $

2,691,736.68 $

13,458,683.38 $

86,392,852.55 $

16,150,420.06 $

1,187,077.03 $

5,935,385.13 $

7,122,462.16

17 $

2,745,571.41 $

13,727,857.05 $

120,709.60 $

100,000,000.00 $

16,473,428.46 $

1,150,421.44 $

5,752,107.20 $

6,902,528.65

18 $

2,800,482.84 $

14,002,414.19 $

14,123,123.79 $

16,802,897.03 $

1,114,897.74 $

5,574,488.69 $

6,689,386.43

19 $

2,856,492.50 $

14,282,462.48 $

28,405,586.26 $

17,138,954.97 $

1,080,470.97 $

5,402,354.84 $

6,482,825.80

20 $

2,913,622.35 $

14,568,111.73 $

42,973,697.99 $

17,481,734.07 $

1,047,107.26 $

5,235,536.28 $

6,282,643.53

21 $

2,971,894.79 $

14,859,473.96 $

57,833,171.95 $

17,831,368.75 $

1,014,773.78 $

5,073,868.89 $

6,088,642.67

22 $

3,031,332.69 $

15,156,663.44 $

72,989,835.39 $

18,187,996.13 $

983,438.72 $

4,917,193.60 $

5,900,632.32

23 $

3,091,959.34 $

15,459,796.71 $

88,449,632.10 $

18,551,756.05 $

953,071.25 $

4,765,356.27 $

5,718,427.52

24 $

3,153,798.53 $

15,768,992.64 $

4,218,624.74 $

100,000,000.00 $

18,922,791.17 $

923,641.50 $

4,618,207.50 $

5,541,849.00

agraynation.com 2/22/2013
8:53 PM

Page 1 of 3

Stadium Tax inflows


H-M Tax Capital & MRO Accounts

Year

Georgia World Congress Center and Atlanta Falcons New Stadium Project
Analysis of Terms Creating Accounts for Ongoing Stadium Maintenance Expense and Capital Projects
Based upon 35 Year Agreement and Financing
LRMRA
(Maintenance
Reserve Account)

Total Nominal
Contributions

NSP Renewal and Extension Account


Maximum Annual
Additions

Cumulative Balance Withdrawals Equal to


Subject to Cap
Account Cap
LRNRA and NSPREA

Additions Discounted to Present Value at 5.25%

LRMRA

NSPREA

LRNRA and NSPREA

25 $

3,216,874.50 $

16,084,372.49 $

20,302,997.23 $

19,301,246.99 $

895,120.50 $

4,475,602.52 $

5,370,723.02

26 $

3,281,211.99 $

16,406,059.94 $

36,709,057.18 $

19,687,271.93 $

867,480.20 $

4,337,401.02 $

5,204,881.22

27 $

3,346,836.23 $

16,734,181.14 $

53,443,238.32 $

20,081,017.37 $

840,693.40 $

4,203,467.02 $

5,044,160.42

28 $

3,413,772.95 $

17,068,864.77 $

70,512,103.09 $

20,482,637.72 $

814,733.75 $

4,073,668.75 $

4,888,402.50

29 $

3,482,048.41 $

17,410,242.06 $

87,922,345.15 $

20,892,290.47 $

789,575.70 $

3,947,878.50 $

4,737,454.20

30 $

3,551,689.38 $

17,758,446.90 $

5,680,792.05 $

100,000,000.00 $

21,310,136.28 $

765,194.50 $

3,825,972.52 $

4,591,167.02

31 $

3,622,723.17 $

18,113,615.84 $

23,794,407.89 $

21,736,339.01 $

741,566.17 $

3,707,830.85 $

4,449,397.02

32 $

3,695,177.63 $

18,475,888.16 $

42,270,296.05 $

22,171,065.79 $

718,667.45 $

3,593,337.26 $

4,312,004.71

33 $

3,769,081.18 $

18,845,405.92 $

61,115,701.97 $

22,614,487.11 $

696,475.82 $

3,482,379.10 $

4,178,854.92

34 $

3,844,462.81 $

19,222,314.04 $

80,338,016.01 $

23,066,776.85 $

674,969.44 $

3,374,847.20 $

4,049,816.64

35 $

3,921,352.06 $

19,606,760.32 $

99,944,776.33 $

99,944,776.33 $

23,528,112.38 $

654,127.15 $

3,270,635.77 $

3,924,762.92

499,944,776.33 $

599,933,731.60 $

41,008,932.40 $

205,044,662.00 $

246,053,594.40

$ 99,988,955.27 $

499,944,776.33

Notes:
For the purposes of this analysis, deposits were treated as annual lump sum payments and were discounted to present value at 5.25%

Alternatively, the excess funds may enter the funds waterfall to finance construction
Source: Term Sheet Agreed to by GWCCA and Atlanta Falcons, Page 20

LRMRA Funding per Term Sheet - "H/MT proceeds received by GWCCA will be applied monthly for the following uses in the following
order of priority .......to the Limited Refurbishment and Maintenance Reserve Account, an amount up to $2,000,000 (increased each year
by 2%) to be deposited annually on a cumulative basis for each year of the StadCo License to be used for certain refurbishment and
maintenance expense related to the NSP"

agraynation.com 2/22/2013
8:53 PM

Page 2 of 3

Stadium Tax inflows


H-M Tax Capital & MRO Accounts

Year

Georgia World Congress Center and Atlanta Falcons New Stadium Project
Analysis of Terms Creating Accounts for Ongoing Stadium Maintenance Expense and Capital Projects
Based upon 35 Year Agreement and Financing
LRMRA
(Maintenance
Reserve Account)

Total Nominal
NSP Renewal and Extension Account
Maximum Annual
Additions

Contributions

Cumulative Balance Withdrawals Equal to


Subject to Cap
Account Cap
LRNRA and NSPREA

Additions Discounted to Present Value at 5.25%

LRMRA

NSPREA

LRNRA and NSPREA

NSPREA Funding per Term Sheet - "H/MT proceeds received by GWCCA will be applied monthly for the following uses in the following
order of priority ....... to the NSP Renewal and Extension Account, an amount up to $10,000,000 (increased each year by 2%) to be
deposited annually on a cumulative basis for each year of the StadCo License to be used for capital improvements at the NSP; provided,
however, that annual deposits will continue to be made (up to $10,000,000, as escalated) into the NSP Renewal and Extension Account
until the then balance in the NSP Renewal and Extension Account is equal to $100,000,000 (without escalation) (the Maximum NSP
Renewal and Extension Amount); thereafter if the balance then on deposit in the NSP Renewal and Extension Account is less than the
Maximum NSP Renewal and Extension Amount, then an amount up to $10,000,000 (as escalated),

agraynation.com 2/22/2013
8:53 PM

Page 3 of 3

Stadium Tax inflows


H-M Tax Capital & MRO Accounts

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