RES 2021-03 Adopted CITY OF NORTH AUGUSTA, SOUTH CAROLINA
A RESOLUTION
PROVING THE ANNUAL ASSESSMENT REPORT AND AMENDMENT OF THE
SESSMENT ROLL FOR THE BALLPARK VILLAGE MUNICIPAL IMPROVEMENT
DIS I RICT AND CONFIRMING THE COLLECTION OF ANNUAL ASSESSMENTS THEREIN
FOR THE 2020-2021 ASSESSMENT YEAR
ADOPTED BY
THE CITY COUNCIL
OF
THE CITY OF NORTH AUGUSTA,SOUTH CAROLINA
FEBRUARY 1,2021
RESOLUTION 2021-03
APPROVING THE ANNUAL ASSESSMENT REPORT AND AMENDMENT OF THE
ASSESSMENT ROLL FOR THE BALLPARK VILLAGE MUNICIPAL IMPROVEMENT
DISTRICT AND CONFROUNG THE COLLECTION OF ANNUAL ASSESSMENTS
THEREIN FOR THE 2020-2021 ASSESSMENT YEAR
The City Council (the "City Council') of the City of North Augusta, South Carolina (the
"City"), hereby finds and determines:
WHEREAS, The Ballpark Village Municipal Improvement District (the "Improvement
District"), located in the City of North Augusta was created by the City Council pursuant to the
Municipal Improvement Act, Title 5, Chapter 37, Code of Laws of South Carolina 1976, as amended
(the"Act'), through an ordinance enacted on February 6, 2017, wherein the Improvement District was
created and special assessments (the `Assessment' or `Assessments") were authorized to be imposed
and collected(the"Assessment Ordinance"); and
WHEREAS,certain capitalized terms undefined herein have such meanings as set forth in the
Rate and Method of Apportionment of Assessment, Appendix A of the Assessment Roll (the "Rate
and Method"),which was approved by the Assessment Ordinance;and
WHEREAS, the Assessments have been imposed on the Assessed Property within the
Improvement District pursuant to the Act and the Assessment Ordinance. The Assessment, including
the Annual Parcel Assessment, the Annual Parcel Credit and the Annual Payment for each Parcel, is
recorded on the Assessment Roll, attached hereto as Appendix B-1 and Appendix B-2 of the Annual
Assessment Report and Amendment of the Assessment Roll for 2020-2021 Assessment Year (the
"Annual Assessment Report") attached hereto as Exhibit A, which is being updated in accordance
with the Rate and Method, as detailed below, through City Council's approval of the Annual
Assessment Report; and
WHEREAS, pursuant to a Resolution of the Board of Directors (the "Board") of the North
Augusta Public Facilities Corporation(the"Corporation")adopted by the Board on February 20 2017,
the Corporation issued its $69,450,000 Installment Purchase Revenue Bonds, Taxable Series 2017B,
dated May 16, 2017(the"Series 2017B Bonds"), in order to obtain a portion of the funds necessary to
defray the cost of the Public Improvements. Simultaneously with the issuance of the Series 2017B
Bonds, the City issued its $43,412,000 Tax Increment Revenue Obligation, Series 2017A to the
Corporation (the "2017 TIF Obligation"). By Ordinance enacted on February 6, 2017, the City
Council approved the issuance of the Series 2017B Bonds and the 2017 TIF Obligation. Debt service
requirements of the Series 2017B Bond will be paid from Available Sources (as that term is defined in
the Official Statement dated May 2, 2017 (the "Official Statement') relating to the Series 2017
Bonds), which include TIF Revenues (as defined in the Official Statement) and Assessments.
Payments to the Corporation by the City pursuant to the 2017 TIF Obligation shall constitute a dollar
for dollar credit against the City's obligation to make Base Payments (as defined in the Official
Statement); and
WHEREAS, in order to facilitate the collection of the Assessments, the City shall update
Appendix B-1 and B-2 of the Assessment Roll each Assessment Year to reflect(i) the current Parcels
in the Improvement District, (ii) the Assessment for each Parcel, including any adjustments to the
Assessment as provided for in Section C of the Rate and Method; (iii)the Annual Assessment; (iv)the
Annual Parcel Assessment for each Parcel, (v) the Annual Payment to be collected from each Parcel
for the current Assessment Year, (vi) prepayments of the Assessment as provided for in the Annual
Assessment Report, and(vii)termination of the Assessment as provided for in the Annual Assessment
Report; and
WHEREAS, the City Council has received the Annual Assessment Report, prepared by
MuniCap, Inc., the Administrator of the Improvement District, in accordance with the Rate and
Method.
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council for the City of
North Augusta, in meeting duly assembled and by the authority thereof that:
I. The Annual Assessment Report is hereby approved.
II. The Rate and Method provides for the annual collection of the Annual Payment. As
shown by the Annual Assessment Report, the sum of the Annual Payment for all
Parcels in the Improvement District for the 2020-2021 Assessment Year is
$777,779.04 The billing of the Assessments to be collected from each Parcel as
indicated in the Annual Assessment Report for the 2020-2021 Assessment Year is
hereby confirmed.
III. This ordinance shall become effective as of the date hereof.
DONE, RATIFIED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA, ON THIS 1st DAY OF
FEBRUARY,2021.
CITY OF NORTH AUGUSTA,
SOUTH CAROLINA
e
Robert A.Pettit, Mayor
ATTEST:
Sharon Lamar, City Clerk
2
STATE OF SOUTH CAROLINA
COUNTY OF AIIKEN
1, the undersigned, Clerk to City Council of the City of North Augusta, South Carolina
("City Council"),DO HEREBY CERTIFY:
That the foregoing constitutes a true, correct and verbatim copy of a resolution (the
"Resolution")adopted by the City Council of the City(the"City Council'),on February 1, 2021. At
such meeting, a quorum of the City Council was present and remained present throughout the
meeting.
Notice was previously given pursuant to and in conformity with Chapter 4, Title 30 of the
Code of Laws of South Carolina 1976, as amended (the Freedom of Information Act). At least 24
hours prior to the commencement of such meeting, the agenda for such meeting, showing the time
and place of the meeting and including as an item the consideration of the Resolution, was posted in
the administrative offices of the City, posted on the City's public website, and provided to news
media and other persons requesting such notification.
The original of the Resolution is duly entered in the permanent records of the City, in my
custody as Clerk.
The Resolution is now of full force and effect, and has not been modified, amended or
repealed.
IN WITNESS WHEREOF, I have hereunto set my Hand and the Seal of the City, this 1st
day of February 2021.
AkLa-xl JSa rn�ti l
Sharon Lamar,City Clerk
City of North Augusta, South Carolina
BALLPARK VILLAGE MUNICIPAL IMPROVEMENT DISTRICT
CITY OF NORTH AUGUSTA, SOUTH CAROLINA
ANNUAL ASSESSMENT REPORT AND
AMENDMENT OF THE ASSESSMENT ROLL FOR
2020-2021 ASSESSMENT YEAR
Prepared By:
MUNICAP,INC.
January 27,2021
Ballpark Village Municipal Improvement District
City of North Augusta, South Carolina
Annual Assessment Report and
Amendment of the Assessment Roll for
2020-2021 Assessment Year
INTRODUCTION
The Ballpark Village Municipal Improvement District(the"Improvement District'),located
in the City of North Augusta, South Carolina (the "City', was created by Ordinance No. 2016-23
(the "Improvement District Ordinance') enacted by the City Council of the City of North Augusta
(the"City Council') on February 6, 2017. The Improvement District Ordinance also authorized the
imposition of the Assessment(s) on the Assessed Property within the Improvement District and
approved an Assessment Roll listing the parcels in the Improvement District and the amount of the
Assessment imposed upon each such parcel. As more fully explained in the Report on the
Reasonable Basis of the Special Assessment, approved by the Improvement District Ordinance, the
Assessments were set to equal estimated tax increment finance revenues from the parcels of real
property within the Improvement District.
To defray the costs of public improvements to be provided for the Improvement District,
the North Augusta Public Facilities Corporation (the "Corporation's issued its $69,450,000
installment purchase revenue bonds on May 16, 2017 (the "Series 2017B Bonds'), pursuant to a
Resolution of the Board of Directors of the Corporation adopted on February 20, 2017.
Simultaneously with the issuance of the Series 2017B Bonds, the City issued its $43,412,000 tax
increment financing obligation to the Corporation (the "2017 TIF Obligation'). The 2017 TIF
Obligation constitutes a Borrowing as that tern is defined in the Rate and Method of
Apportionment of Assessment, Appendix A of the Assessment Roll (the "Rate and Method'. By
Ordinance enacted on February 6,2017, the City Council approved the issuance of the Series 2017B
Bonds and the 2017 TIF Obligation and authorized the City to enter into the various documents and
instruments necessary to effectuate the issuance by the Corporation of the Series 2017B Bonds and
by the City of the 2017 TIF Obligation.
The City previously established a tax increment finance district (the "TIF District' in
accordance with Title 31,Chapter 6 of the Code of Laws of South Carolina 1976,as amended,which
is also known as the Tax Increment Financing Law. The TIF District encompasses approximately
457 acres, including the Improvement District. Pursuant to the Tax Increment Financing Law, the
private projects in the Improvement District and other private projects within the TIF District are
expected to produce annual tar increment financing district revenues ("TIF Revenues' for the City
that will secure the 2017 TIF Obligation. In consideration for the Corporation issuing the Series
2017B Bonds and entering into the documents related thereto, the City issued the 2017 TIF
Obligation to the Corporation,and the Corporation in turn assigned all right, title and interest in the
2017 TIF Obligation to the trustee for the Series 2017B Bonds, which assignment caused the 2017
TIF Obligation to become part of the security for die Series 2017B Bonds. In accordance with the
terns and conditions set forth in the documents relating to the Series 2017B Bonds,each payment by
the City of TIF Revenues pursuant to the 2017 TIF Obligation shall constitute dollar for dollar credit
against the City's obligation to make payments under the documents relating the Series 2017B Bonds.
The Assessments shall be billed on an annual basis in accordance with the Rate and Method.
Pursuant to the Rate and Method, the Assessments on each Parcel within the Improvement District
1
are due and payable each year as the Annual Parcel Assessment. The sum of the Annual Parcel
Assessment for all Parcels equals the Annual Assessment. The Annual Assessment for each year is
shown in the updated Appendix B-2 of the Assessment Roll, attached to this report Pursuant to the
Rate and Method, the portion of the Annual Parcel Assessment to be billed and collected shall be
calculated in each Assessment Year. In general, as further described below,in each Assessment Year
the Annual Parcel Credit shall be subtracted from the Annual Parcel Assessment for each Parcel; the
resulting amount shall equal the Annual Payment, which is to be billed and collected from the
Assessed Property in the Improvement District. The Annual Parcel Assessment, the Annual Parcel
Credit and the Annual Payment for each Parcel are shown in the updated Appendix B-1 of the
Assessment Roll,attached to this report.
In order to facilitate the collection of the Assessment, the City shall update Appendix B-1
and B-2 of the Assessment Roll each Assessment Year to reflect (i) the current Parcels in the
Improvement District, (ii) the Assessment for each Parcel, including any adjustments to the
Assessment as provided for in Section C; (iii) the Annual Assessment; (iv) the Annual Parcel
Assessment for each Parcel, (v) the Annual Payment to be collected from each Parcel for the current
Assessment Year, (vi)prepayments of the Assessment as provided for herein,and(vii) termination of
the Assessment as provided for herein.This report has been prepared to meet these requirements for
the 2020-2021 Assessment Year.Through its approval of this report, City Council is confirming the
Annual Payment and the updated Assessment Roll.
Capitalized terms used but not defined herein are defined in the Rate and Method.
I-CURRENT PARCELS IN THE IMPROVEMENT DISTRICT
Based on information provided by Aiken County, five additional Parcels were created in
calendar year 2019.The previous version of this report,prepared on February 11,2020,approved by
City Council on February 17,2020, specified these five Parcels and the allocation of the Assessment
to each, prepared in accordance with the Rate and Method. These five Parcels have been added to
the Assessment Roll for the 2020-2021 Assessment Year.
The updated Appendix B-1, attached to this report, lists the Parcels in the Improvement
District for which the Annual Payment for the 2020-2021 Assessment Year may be billed.
The City is unaware of any real property parcels created from subdivisions in calendar year
2020. To the extent that any Parcel were created in 2020, such Parcels will be added to the
Assessment Roll for the following Assessment Year.
II-ASSESSMENT ON EACH PARCEL
The Assessment for each Parcel is shown on Appendix B-1, attached to this report. The
Assessment on each Parcel shown on Appendix B-1 has been updated in accordance with the Rate
and Method. In particular, the Assessment on each Parcel is reduced by the amount of the Annual
Parcel Assessment for the Parcel for the prior Assessment Year.
As of December 31,2020, the Annual Payments billed by the City for the prior Assessment
Year that are specified in the following table remain unpaid and due to the City.
2
Table A
List of Outstanding Annual Payments from Prior Year
Prior Assessment Year Annual
Parcels Payment,plus penal and interest
007 13 42 003 5456,021.98
007 14 19 005 $149,443.27
007 14 19 007 $74,773.81
007 17 02 004 $21,306.49
007 17 02 006 $5,446.00
007 17 02 008 $53,917.45
007 18 05 002 $145,922.19
Total $906,831.19
III-ANNUAL ASSESSMENT
The Annual Assessment for each Assessment Year is shown on Appendix B-2, attached to
this report.
As indicated above, the Annual Assessment is the sum of the Annual Parcel Assessment for
all Parcels in the Improvement District For the 2020-2021 Assessment Year,the Annual Assessment
equals$1,591,276.75,as shown on Appendix B-2.
IV-ANNUAL PARCEL ASSESSMENT FOR EACH PARCEL
The Annual Parcel Assessment for each Parcel for the 2020-2021 Assessment Year is shown
on Appendix B-1, attached to this report The Annual Parcel Assessment for the Parcels for 2020-
2021 Assessment Year which are shown on Appendix B-1 are generally consistent with the amounts
specified in the original Assessment Roll, with updates for prior allocations of the Assessments
resulting from prior subdivisions of the Parcels.
V-ANNUAL PAYMENT
The Annual Payment for each Parcel for the 2020-2021 Assessment Year is shown on
Appendix B-1,attached to this report.
The Annual Payment is defined in the Rate and Method as follows:
"The Annual Payment means for each Parcel, the portion of the Annual
Parcel Assessment to be collected each Assessment Year calculated as
provided for in Section D."
As specified in Section D of the Rate and Method, the Annual Payment is calculated as
follows:
3
"First Step: The Administrator shall calculate the Annual Revenue Requirement If the
Annual Revenue Requirement is less than the Annual Assessment, the Annual Parcel
Assessment on every Parcel shall be decreased on a pro-rated basis such that the Annual
Assessment equals the Annual Revenue Requirement.
Second Step: The Administrator shall calculate the Tax Revenues for each Parcel in the
Improvement District. If the sum of the Tax Revenues for all Parcels is greater than or
equal to the Annual Assessment, then the Annual Payment for all Parcels shall equal zero
($0.00).
Third step: If the sum of the Tax Revenues for all Parcels is less than the Annual
Assessment, then the Annual Payment for each Parcel shall equal Parcel's Annual Parcel
Assessment less the Parcel's Annual Parcel Credit."
The remainder of this Section V describes the calculation of the Annual Payment pursuant
to steps described above.
First Step
As indicated above,the first step in the calculation of the Annual Payment is to compare the
Annual Revenue Requirement to the Annual Assessment. The Annual Assessment equals
$1,591,276.75.The Annual Revenue Requirement is defined in the Rate and Method as follows:
"The Annual Revenue Requirement means for any Assessment Year, the
sum of the following. (1) Debt Service Expenses and (2) Administrative
Expenses; less the sum of Other Available Funds and Other Ballpark
Village Revenues."
Table B below provides a calculation of the Annual Revenue Requirement for the 2020-
2021 Assessment Year.Each of these numbers is explained in the following sections.
Table B
Annual Revenue Requirement
Debt Service Expenses
Series 2017 TIF Obligation
Interest payment on April 15,2021 $1,059,527.00
Interest payment on October 15,2021 $1,059,527.00
Principal payment on October 15,2021 $203,000.00
Subtotal Debt Service Expenses S2,322,054.00
Administrative Expenses $50,000.00
Subtotal expenses $2,372,054.00
Other Available Funds $0.00
Other Ballpark Village Revenues $0.00
Subtotal of available funds $0.00
Annual Revenue Requirement $2,372,054.00
4
Debt Service EVenses
Debt service includes the semi-annual interest payments due on the 2017 TIF Obligation on
April 15, 2021 and on October 15, 2021. The interest payment on the 2017 TIF Obligation due on
April 15,2021 is $1,059,527.00 and the interest payment on the 2017 TIF Obligation due on October
15, 2021 is $1,059,527.00. There is a principal payment in the amount of$203,000.00 due for the
2017 Obligation on October 15, 2021. As a result, total debt service on the 2017 TIF Obligation is
$2,322,054.00.
Administrative Expenses
Administrative Expenses is defined in the Rate and Method as follows:
"Administrative Expenses means the actual or budgeted costs, as
applicable, directly related to the administration of the Improvement
District,which may include but are not limited to the following: the costs of
computing the Annual Payments; the costs of collecting the Annual
Payments (whether by the Cin-or otherwise);the costs of the Administrator
in the discharge of their duties; the costs of the City of complying with
arbitrage rebate requirements; the costs of the City of complying with
securities disclosure requirements; and any other costs of the City in any
way related to the administration and operation of the Improvement
District, including, without limitation, the costs of legal counsel and other
consultants and advisors, and costs related to commencing foreclosure and
pursuing collection of delinquent Annual Payments,including contingencies
and reserves for Administrative Expense as deemed appropriate by the City
Council."
Estimated Administrative Expenses include payments to the trustee of the Series 2017B
Bonds, payments to the administrator of the Improvement District, legal fees for the Improvement
District and miscellaneous expenses for the administration of the Improvement District, including
but not limited to expenses related to the collection of the Annual Payment and other expenses of
the City. The annual charges of the trustee are estimated to be$5,000.00.The estimated annual total
of the Administrative Expenses from the administrator of the Improvement District and from
attorneys which assist the City with the Improvement District is $40,000.00. Miscellaneous
Administrative Expenses are estimated to be $5,000.00. Accordingly, total Administrative Expenses
for the 2020-2021 Assessment Year are estimated to be$50,000.00.
OtberAvailable Funds
Other Available Funds is defined in the Rate and Method as follows:
"Other Available Funds means capitalized interest,interest earnings on any
mist account in connection with the Borrowings and any other funds
deposited to a trust account in connection with the Borrowings that are
available to meet the Annual Revenue Requirement in any given
Assessment Year."
The Cin-has indicated that as of January 21,2021 there are no other funds available to meet
the Annual Revenue Requirement and therefore Other Available Funds equals zero ($0.00).
.
OtherBallbark Village Revenues
Other Ballpark Village Revenues is defined in the Rate and Method as follows:
"Other Ballpark Village Revenues means legally available funds determined
on an annual basis potentially beginning in the 6th Assessment Year that
result from parcels of real property or activity within the Improvement
District and are designated as "Other Ballpark Village Revenues" by City
Council, in its sole discretion, by resolution to meet the Annual Revenue
Requirement in any given Assessment Year."
In that the 2020-2021 Assessment Year is prior to the 6ffi Assessment Year, Other Ballpark
Village Revenues equals zero($0.00).
As shown in Table B above, the Annual Revenue Requirement equals $2,372,054.00. This
amount is greater than the Annual Assessment of $1,591,276.75. As such, the potential resulting
action of the fast step (to reduce the Annual Parcel Assessment on a pro rata basis, as explained
above) is not implemented.
Second Step
As indicated above, the second step in the calculation of the Annual Payment is to compare
the sum of the Tax Revenues for all Parcels to the Annual Assessment. The Annual Assessment
equals$1,591,276.75.
Tax Revenues is defined in the Rate and Method as follows:
"Tax Revenues means for each Parcel the actual or estimated annual real
property tax revenues expected to be collected for the specific Assessment
Year and available to be applied to the repayment of the Borrowings,
pursuant to the Redevelopment Plan and as described in the Development
.Agreement. The calculation of the Tax Revenues for each Parcel will
exclude (1) any deductions for the base assessed value of the tax increment
finance district or the base assessed value of the Parcel or the Parcel's
parent parcel at the creation of the tax increment finance district and (2)
other tax revenues that are not available for the Redevelopment Plan."
The calculation of the Tax Revenues for each parcel is shown in Appendix C, attached to
this report. As further explained on Appendix C, the calculation of the Tax Revenues utilizes the
following information:
• The assessed value of the Parcels as provided by the Aiken County Tax Assessor
• A total mlage rate of$0.2764 per$1 of assessed value.
As shown in Appendix C, the sum of the Tax Revenues for all Parcels equals $1,268,322.21,
which is less than the Annual Assessment of $1,591,276.75. As such, the potential result of the
second step (that the Annual Payment for all Parcels equals zero)is not implemented.
Third Step
Following the determination made above for the second step, the third step in the
calculation of the Annual Payment is required.The third step is to subtract the Annual Parcel Credit
6
from the Annual Parcel Assessment for each Parcel. The Annual Parcel Credit is defined in the Rate
and Method as follows:
"Annual Parcel Credit means for each Parcel in each Assessment Year the
Parcel's Tax Revenues; provided, however, that the Annual Parcel Credit
for a Parcel in any Assessment Year shall not exceed the Parcel's Annual
Parcel Assessment."
Appendix C provides the Annual Parcel Credit for each Parcel,as well as a calculation of the
Annual Payment for the 2020-2021 Assessment Year for each Parcel.As shown on Appendix C, the
Annual Parcel Credit equals the Annual Parcel Assessment for three Parcels (the Parcels identified by
the County as 007-18-005-04,007-I8-005-08 and 007-17-002-03) (and excluding all Parcels for which
the Annual Parcel Assessment equals zero),which results in an Annual Payment of zero ($0.00) for
these three Parcels. As shown on Appendix C, the sum of the Annual Payment for all Parcels in the
Improvement District equals$777,779.04,which is distributed amongst sixteen Parcels.
The Annual Payment to be billed and collected from the sixteen Parcels of Assessed
Property in the Improvement District(as described above and shown on Appendix C),shall be billed
on the City's annual real property tax bill and collected by the City as the property owner makes
payment of the entire amount due (inclusive of the Annual Payment), as indicated on the real
property tax bill.
VI-PREPAYMENTS OF THE ASSESSMENT
As of the date of this report,there has been no prepayment of the Assessment.
VII-TERMINATION OF THE ASSESSMENT
The Rate and Method specifies the following regarding the termination of the Assessment.
"Except for any delinquent Annual Payments and related penalties and interest, the
Assessment on each Parcel may not be collected for a term exceeding the earlier of(a) the
final maturity-of the Borrowings and (b) the date on which such Assessment is prepaid in
full as provided for herein."
The final maturity of the 2017 TIF Obligation is October 15,2046.As indicated above,there
have been no prepayments of the Assessment. As such, there has been no termination of the
Assessment on any Parcel.
CONCLUSION
Appendix B-1, Appendix B-2 and Appendix C are shown on the following pages. There is
no Appendix A.
7
Ballpark Village Municipal Improvement OisMU
City eF\orlh Aug.ta,South Carolina
Auvendia B-1
ASSESSMENT PER PARCEL
2020-2021 Assaamml Year
Amual Annual
Pacd PartN Annlnl
Pa T., Aue581un1' Acseaawent Cr t Paamml
W3-114R-WI ROW SOW SOW SOOO SO.W
W]-IM- A SO.W $000 $000 Sn.W
W'/4841 2 Al SO.W SOW SOW SO.W
W7-184354 A2 S5W,65301 SILW,75 IS I 5JG 75, SOW
W7-18-0S MtaAl SOW $0(M EU.00 SO.W
W3-184)S4Rxi OulofAl S986j3351 527M917 SOW 52322917
W9-18-051Nt2 Oulow $128.76291 $4,45937 SOW 54_A59.31
W9-18-0 8 OutofAl S2,74 93989 595.133 V (595A33.17) SOW
0 09-141 9 4 811 B SI.635.39565 $58,023.W (512.4381xO S4558500
W348435 OulaB SOW SO.W SOW SOW
00144IMW BI SO.W $0.00 SO.W $0.00
W94419A02 B'_ SO.W So So.W SO.W
W7-14-19 5 C 53853225.92 $133.446.53 IS9.95040) 5123,4%.13
00'f-14-1948H CI So.W SO.W SO.W SB,W
W7-14194W9 D T2.281344.% 568.155.54 156$823n1 %1,273.18
WI-14194p6 DI SOW W.W SOW H).W
W3-1342-0 E SOW $OW So.W SO.W
0119-13d24K)1 El SO.W 59.DO SOW SO.W
W9-17-0 5 O .rp SIO.722532.15 $37t.M720 153W.051191 W.20.01
W9-18413�I at aF So.W WW SO.W SOW
09-17-02 8 G $1 J57-63626 549.99123 153.3W72) S ,591,55
000.1848-WI GI SM352.52 SMAZ (S4146) 521266
OOT414)DW6 Ow OfH 529234941 S1.IM70 (S1.48264) S3,6 06
W9-17-024309 OwofH $93,44990 $2.376% (SIASS 410 5918.50
W3-17 @-0Ia O IofH 393,44980 52326.W ISIp5840) S71950
W9-1742AII OutofH 599,44980 $2.376.90 1516584u) S71850
00J-1742-012 Ow OfH 591.M980 52.316% (51,65840) 5318.50
WY174 413 OulofH $99g1990 52396.W 151.15841)) S718.50
001-1942 1 STf959844 $19.01520 ($43115) $17,583.45
00'1-174tt 3 3 59565,NA57 $331.26833 (5331.26821) SOW
W9-1342 03 K 511.48&42735 5W9 8T2011 (S17?3914) 63W'M%
W9-I342 KI So.W So.W SOW SOW
W2-18415-001 L SO.W WW 50W SOW
009-17A2-0 7 LI %.W SB.W SOW SO.W
W7434314I01 R1relftwinnp SO.W SO.W SOW SBA11
I-d allnzd b.SC DOT SO 00 SOW $OW So.W
T.Ial S46.7%9 M3 51591376.75 (M3.497]1) STI9,T1904
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P-I,f. P.W andwcM1des nhLaaimolParcz4lGoueFC!Leh 31.2019Tleabkwa p ,Mdtnl w Nepmct6shollnabo.c ecclWes Je 4sseswznlmnmm
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• r
Ballpark Village Municipal Improvement District
City of North Augusta, South Carolina
Appendix B-2
ANNUAL ASSESSMENTS
Annual
Assessment Year Assessment
2020 - 2021 $1,591,276.75
2021 - 2022 $1,686,753.35
2022 - 2023 $1,686,753.35
2023 - 2024 $1,686,753.35
2024 - 2025 $1,686,753.35
2025 - 2026 $1,686,753.35
2026 - 2027 $1,939,766.35
2027 - 2028 $1,939,766.35
2028 - 2029 $1,939,766.35
2029 - 2030 $1,939,766.35
2030 - 2031 $1,939,766.35
2031 - 2032 $2,230,731.31
2032 - 2033 $2,230,731.31
2033 - 2034 $2,230,731.31
2034 - 2035 $1,171,030.08
2035 - 2036 $1,171,030.08
2036 - 2037 $1,346,684.59
2037 - 2038 $1,346,684.59
2038 - 2039 $1,346,684.59
2039 - 2040 $1,346,684.59
2040 - 2041 $1,346,684.59
2041 - 2042 $1,548,687.28
2042 - 2043 $1,548,687.28
2043 - 2044 $1,548,687.28
2044 - 2045 $1,548,687.28
2045 - 2046 $1,548,687.28
2046 - 2047 $1,780,990.37
2047 - 2048 $1,780,990.37
Total $46.796.969.43
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007-IBUSMI2 AI Sam $W.000.w S3,6W.W SO2]60 5995.W W.w W.W
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W]4]@413 Wait 52376W sloowW WWOW W.2]65 $1,65840 51658J0 $71950
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Ili,llpit rk Village 0l unicipaI I nil)roveinent 1listrict A=see Appendix 0-2
CRY of North Auguste,South Carolina H e,see Appendix C
Anaendix 11-1
ASSESSMENT PER PARCEL
2020-2021 Assessment Year
SEE MID MAP AND KF-V Annual Annual
Parcel Parcel Annual
Parcel Tract Assessment' Assessment Credit Payment
007-17-02-001 ROW $0.00 $DAD $0.00 $0.00
007-18-05-003 A $0.00 $0.00 $0.00 $0,00
007-18-05-002 Al $0.00 $0.00 $0.00 $0.00
007-18-05-004 A2 $506,657.01 $17,546.75 (SI7,546.75) $0.00
007-18-05-005 Out of Al $0.00 $0.00 $0.00 50.00 •
007-18-05.006 OutofAt $786,233.51 $27,229.17 $0.00 $27,229.17
007-I8-05.007 Out of Al $128,762.81 $4,459.37 $0.00 54,459.37
007-18-05.008 Out of Al $2,746,939.89 $95,133,17 ($95,133.17) $0.00
007-14-19-001 B $1,675,395.65 $58,023.00 ($12,43800) $45,585.00
007-18-05-009 Out ofB $0.00 $0.00 50.00 $0,00
007-14-19.003 Bl $0.00 $0.00 $0.00 50.00
007-14-19-002 B2 $0.00 $0.00 $0.00 $0.00
007-14-19-005 C $3,953.225.92 $133,446.53 (59,950A0) $123,496.13
007-14-19.004 Cl $0.00 $0.00 $0.00 $0.00
007-14-19-007 D $2,284,344.94 $68,155.54 ($6,882.36) $61,273.18
007-14-19-006 DI $0.00 $0.00 $0.00 $0.00
007-1342-002 E $0.00 $0.00 $0.00 $0.00
007-13.42-001 El $0,00 $0.00 $0.00 $0.00
007-17-02-005 Out of $10,722,53115 $371,347.20 ($306,052.19) $65,295.01
007-18-07.001 Out of F 50.00 $0.00 $0.00 50.00
007-17-02-008 G $1,457,636.26 $47,991.27 ($3,399.72) $44,591.55
007-18-06-001 GI $22,352.52 $774.12 (541.46) $732.66
007-17-02.006 OutofH $292,349.41 $7,130.70 (53,482.64) $3,648A6
007-17-02-009 Out of $97,449.80 $2,376.90 ($1,658.40) $718.50
007-17-02-010 Out of $97,449.80 $2,376.90 ($1,658.40) $718.50
007-17-02-011 Out of $97,449.80 $2,376.90 ($1.658.40) $718.50 •
007-17-02-012 Out of $97,449.80 $2,376.90 ($1.658.40) $719.50
007-17-02.013 Out of $97,449.80 $2,376.90 ($1,658.40) $718.50
007-17-02-004 1 $779,598.44 $19,015.20 ($1,431.75) $17,583.45
007-17-02-003 1 $9,565264.57 $331,268.23 ($331268.23) $0.00
007-13-42-003 K $11,498,427.35 $397,872.00 ($17.57904) $380,292.96
007-1342-004 KI $0.00 $0.00 $0.00 $0.00
007-18-05.001 L $0.00 $0.00 $0.00 50.00
007-17-02-007 L1 $0.00 $0.00 $0.00 $0.00
007-17-01-001 Riverfrom strip $0.00 $0.00 $0.00 $0.00
Land owned by SC DOT $0.00 $0.00 $0.00 $0,00
Total $46,796,969.43 51,591,276.75 (5813.497.71) 5777,779.04 =A-D which llee to G as
A B Appendlx C
This updated Appendix B-1 ofthe Assessment Roll has been prepared in accnrd:nce with the Ram and Method of Apportionment of Assessment for the Ballpark Village Municipal
Improvement District and includes subdivisions ofparcels through December I1.2019.'Me annual of the Assessment on the parcels shown above excludes the Assessment on certain
Parcels Inr'unpaid Atmual Payments bon prior Assessment Years,which minain due and payable,with penalty added,w the City.
Ballpark Village Municipal Improvement District
City of North Augusta, South Carolina
Appendix B-2
ANNUAL ASSESSMENTS
These totals are from the Financial Model for parcels In the MID
Annual
Assessment Year Assessment
2020 - 2021 $1,591,276.75 See Appendix B-1
2021 - 2022 $1,686,753.35
2022 - 2023 $1,686,753.35
2023 - 2024 $1,686,753.35
2024 - 2025 $1,686,753.35
2025 - 2026 $1,686,753.35
2026 - 2027 $1,939,766.35
2027 - 2028 $1,939,766.35
2028 - 2029 $1,939.766.35
2029 - 2030 $1,939,766.35
2030 - 2031 $1,939,766.35
2031 - 2032 $2,230,731.31
2032 - 2033 $2,230,731.31
2033 - 2034 $2,230,731.31
2034 - 2035 $1,171,030.08
2035 - 2036 $1,171,030.08
2036 - 2037 $1,346,684.59
2037 - 2038 $1,346,684.59
2038 - 2039 $1,346,684.59
2039 - 2040 $1,346,684.59
2040 - 2041 $1,346,684.59 •
2041 - 2042 $1,548,687.28
2042 - 2043 $1,548,687.28
2043 - 2044 $1,548,687.28
2044 - 2045 $1,548,687.28
2045 - 2046 $1,548,687.28
2046 - 2047 $1,780,990.37
2047 - 2048 $1,780,990.37
'Total $46.796.969.43
A=see Appendix B4 and 1$-2
8=FIf Fla<than A or B-A if F Is r than
C=per Alken C'ou0ty Digest
Aanand'x('to Annual Assessment Retract for the 2020-2021 Asxesomeat Year D-per Alken County Digest(C x 4%or 6%)
K-combined tDllinge of Coanly,City,School
aallpark Village Municipal Improvement Distrlct p�1)%K
City of North Augusta,South Carolina G=A-B
CALCULATION OF'rAX REVENUES AND ANNUAL PAYMENT
Annual
Parcel Appraised Incremental Annual Annual
Parcel Tract Assessment Value Assessed Value' Millage' Tax Revenues Parcel Credit Payment
007-17-02-001 ROW $0.00 $0.00 $0.00 $0,2764 $0.00 50.00 $0.00
D07-18-05-003 A $0.00 $0.00 $0.00 $0,2764 $0.00 $0.00 $0.00
007-18-05.002 At $0 X) $60,000.00 $3,600.00 $0.2764 $995.04 $0.00 $0.00
007-18-05-004 A2 $17,546.75 $1,584,440.00 $95,070.00 $0.2764 $26,277.35 517,546.75 $0.00
007-18-05-005 Out of Al $0.00 $0.00 $0.00 $0,2764 $0.00 $0.00 $0.00
007.18-05-006 Out of Al $27,229.17 $0.00 50.00 $0,2764 $0.00 $0,00 $27,229.17
007-18-05.007 Out of Al $4,459.37 $0.00 $0.00 $0.2764 $0.00 $0.00 $4,459.37
0D7-18-05-008 Out of Al $95,133.17 513,595,600.00 $815,740.00 $0,2764 $225,470.54 $95,133.17 $0.00
007-14-19-001 B $58,023.00 $750,000.00 $45,000.00 $0,2764 $12,438.00 $12,439.00 545,585.00
007-18-05-009 Out of $0.00 $0.00 $0.00 $0.2764 $0.00 50.00 $0.00
007-14-19-003 BI $0.00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
007-14-19-002 B2 $0.00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
007-14-19-005 C $133,446.53 $600,000.00 $36,000.00 $0.2764 $9,950.40 $9,950.40 $123,496.13
007-14-19-004 CI $0.00 50.00 $0.00 $0.2764 $0.00 $0.00 $0.00
007-14-19.007 D $68,155.54 $415,000.00 $24,900.00 $0.2764 $6,882.36 $6,882,36 $61.273.18
D07-14-19-006 DI $0.00 50.00 $0.00 $0,2764 $0.00 $0.00 $0.00
007-1342-002 E $0.00 $0.00 $0.00 $0.2764 $0.00 $040 $0.00
007-1342-001 EI Sow $0.00 $0.00 $0.2764 St $0.00 $0.00
007-17-02-005 Out of $371,347.20 $18,454,670.00 $1,107,280.00 $0.2764 $306,052.19 $306,052.19 $65,295.01
007-I8-07-001 Out of F $0.00 $0.00 $0.00 $0.2764 $400 $0.00 $0.00
007-17-02-008 G 547,991.27 $205,000.00 $12,300.00 $0.2764 $3.399.72 $3.399.72 544,591.55
007-18-06-001 GI 5774.12 52,500.00 $150.00 $0.2764 $41.46 541.46 5732.66
007-17.02-006 Out ofH $7,130.70 $210,000.00 $12,60000 $0.2764 $3,492.64 $3,482.64 $3,648.06
007-17-02-009 Out of $2,376.90 $100.000.00 $6,000.00 $0.2764 $1,658.40 $1,65SA0 $718.50
007-IU2-010 Om of If $2,376.90 $100,000.00 $6,000.00 $0.2764 $1,658.40 $1,658.40 $71850
007-17-02-011 Out Of If $2,376.90 $100,000.00 $6,000.00 50.2764 $1,658.40 $1,658.40 $718.50
007-17-02-012 Out of $2,376,90 $100,000.00 $6,000.00 $0.2764 $1,658.40 $1,658.40 $718.50
007-17-02-013 Out of $2,376.90 $100,000.00 $6,000.00 $0.2764 $1.658.40 $1,658.40 $718.50 •
007-17-02-M 1 $19,015.20 $86,250.00 $5,180.00 $0,2764 $1,43L75 $1,431.75 $17,583AS
007-17-02.003 f $331,268.23 $38,955,000.00 $2,337,300.00 $0.2764 $646,029.72 $331,268.23 $0.00
007-1342-003 K $397,872.00 $1,060,000.00 $63,600.00 502764 $17,579,04 $17,579.04 $380,292.96
007-1342.004 KI $0.00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
D07-18-05-001 L $0.00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
D07-17-02-007 LI $0.00 $0.00 $0.00 $0.2764 $0.00 som $0.00
007-17-01.001 Riverfronl strip $0.00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
Land owned by SC DOT $0,00 $0.00 $0.00 $0.2764 $0.00 $0.00 $0.00
Total $1,591,276.75 $76,478,4611.00 S4,S88,720.00 $1,268,322.21 SN 13,497.71 S777,779.04
A C 1) F. F it G
As md.med en an Aiken Como,websne an Jwtuvy 26,2021(excluding City owned parcels which are shuns,heir w have an appruued value of zcrcl
Reflects the assessed value of the parcel as indicated on an Aiken Cowry wcbs.tc on January 26,2021(excluding City owned parcds which are shown here to have as assessed valw
of zcn0.in accordance with the Rate and
Method of Apponiamnent of Assessment,the transits assessed suit.sail egwl the parcel's mcmmeaml assessed value.
s provided by the City of North Augusta and reflective of the 2020 fax year spillage for Aiken County,Aiken County School District and the City of Nonh Aegean