Public Township Council Meeting — Packet

PROJECTED REVENUES – HOUSING TRUST FUND 2012 THROUGH SOURCE OF FUNDS 2018 2012 2013 2014 2015 2016 2017 2018 Total (a) Development fees: 1. Approved Development 350,000 100,000 $50,000 50,000 50,000 50,000 50,000 700,000 2. Development Pending Approval 00.00 3. Projected Development 00.00 (b) Payments in Lieu of Construction 00.00 (c) Other Funds (Specify source(s)) 00.00 (d) Interest 3,500 1,000 500 500 500 500 500 7,000 Total 707,000 West Orange projects a total of $707,000 in revenue to be collected between January 1,2012 and December 31, 2018. All interest earned on the account shall accrue to the account to be used only for the purposes of affordable housing. 3