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Revision: May 2012 HEAL PROJECTS Revision: May 2012 HEAL PROJECTS

Revision: May 2012 HEAL PROJECTS - PowerPoint Presentation

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Revision: May 2012 HEAL PROJECTS - PPT Presentation

Source HEALTH EDUCATION AUTHORITY OF LOUISIANA HEAL Project Type HEAL GARAGE Original Project HEAL Revenue Bonds Issued 3300000 MILLION Period 1973 Authorized by Bond Resolution adopted on April 4 1973 ID: 677371

project tax revenue economic tax project economic revenue impact state property calculated heal medical visitors paid 000 occupational annual

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Slide1

Revision: May 2012

HEAL PROJECTSSlide2

Source:

HEALTH EDUCATION AUTHORITY OF LOUISIANA (HEAL)

Project Type: HEAL GARAGE (Original Project)

HEAL Revenue Bonds Issued:

$3,300,000 MILLION

Period:1973 (Authorized by Bond Resolution adopted on April 4, 1973). Project Description: Extraction of low cost parking facility for all employees and visitors of the New Orleans Medical Complex. Economic Impact: Methodology - Economic Impact:There was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax Revenue:City and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures: Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

2Slide3

Source:

TULANE UNIVERSITY MEDICAL CENTER HOSPITAL

Project Type: TULANE UNIVERSITY MEDICAL CENTER HOSPITAHEAL Revenue Bonds Issued:

$37,500,000 MILLION

Period

1975 (Authorized by General Bond Resolution adopted on March 6, 1974). Project Description: Construct Tulane University Medical Center Hospital Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

3Slide4

Source:

OCHSNER MEDICAL CENTER

Project Type: ALTON OCHSNER MEDICAL FOUNDATION

HEAL Revenue Bonds Issued:

$56,200,000 MILLION

PeriodJANUARY 1976 (Authorized by Trust Indenture dated as of December 1, 1995) Project Description: The Health Education Authority of Louisiana (HEAL) providing funds for an expansion project at Ochsner Medical Center. Economic Impact: Methodology - Economic Impact:There was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax Revenue:City and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures:Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

4Slide5

Source:

TULANE UNIVERSITY MEDICAL CENTER HOSPITAL

Project Type: TULANE UNIVERSITY MEDICAL CENTER HOSPITAL HEAL Revenue Bonds Issued:

$31,261,172.50 MILLION

Period

1985 (Authorized by Trust Indenture dated as of December 1, 1985).Project Description: Tulane University Medical Center Hospital addition. Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

5Slide6

Source:

POYDRAS HOME

Project Type: POYDRAS HOME PROJECTHEAL Revenue Bonds Issued:

$5,500,000 MILLION

Period:

1995 (Authorized by Trust Indenture dated as of December 1, 1995) Project Description: Poydras Home is a nonprofit retirement community and welcomes all people regardless of race, color, religion, sex or national origin. The community welcomes the involvement of family and volunteers in every aspect of a loved one’s experience at Poydras.Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.

80% of people who travel are accompanied by at least one other person.

6Slide7

Source:

LAMBETH HOUSE

Project Type: LAMBETH HOUSE PROJECT (Original)

HEAL Revenue Bonds Issued:

$47,395,000 MILLION

PeriodOctober 1996 Project Description: In 1998, Lambeth House set out to offer the residents of Louisiana an exciting and different choice among New Orleans retirement communities. Lambeth House is New Orleans’ only continuing care retirement community with Life Care that guarantees access to on-site assisted living and nursing care.Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

7Slide8

Source:

LAMBETH HOUSE

Project Type: LAMBETH HOUSE PROJECT

HEAL Revenue Bonds Issued:

$57,770,000 MILLION

Period1998Project Description: In 1998, Lambeth House set out to offer the residents of Louisiana an exciting and different choice among New Orleans retirement communities. Lambeth House is New Orleans’ only continuing care retirement community with Life Care that Guarantees access to on-site assisted living and nursing care.Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person

8Slide9

Source:

HEALTH EDUCATION AUTHORITY OF LOUISIANA (HEAL)Project Type: HEAL Parking Garage (Addition to Project)

HEAL Revenue Bonds Issued:

$9,350,000 MILLIONPeriod:1998 (Authorized by Trust Indenture dated as of December 1, 1998).Project Description: Extraction of additional low cost parking within existing facility for all employees and visitors of the New Orleans Medical Complex. Economic Impact: Methodology - Economic Impact:Monthly/Annual expenditure reports track actual economic impact of this project.Tax Revenue:City and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. 2010 - $107,723.00 – Paid to the City of New Orleans2011 - $98,034.00 – Paid to the City of New OrleansAnnual occupational License - $1,200.00Average tax contributions over 30 years = $3,000,000 million dollars Direct Expenditures: Daily spending of visitors who visited exhibition sites, historic tours, music

attractions, dined out, and purchased art and antiques.

80% of people who travel are accompanied by at least one other person.Source: Standard Parking Company

9Slide10

Source:

AMERICAN CANCER SOCIETY

Project Type: HOPE LODGE PROJECT

HEAL Revenue Bonds Issued:

$5,000,000 MILLION

PeriodDECEMBER 2004 (Authorized by Trust Indenture dated as of November 1, 2004) Project Description: American Cancer Society has a place where cancer patients and their Caregivers can find help and hope when home is far away - an American Cancer Society Hope Lodge.Economic Impact: Methodology - Economic ImpactThere was no specific tracking mechanism in place to actually calculated economic impact of this project. Tax RevenueCity and State sales tax paid by the entity in their appropriate percentages; Occupational License tax calculated on revenue generated; State and Federal tax withholdings collected from salaries /wages of construction personnel; Annual property tax; and personal property tax on the value of fixtures, furnishings and equipment. Direct Expenditures Daily spending of visitors who visited exhibition sites, historic tours, music attractions, dined out, and purchased art and antiques.80% of people who travel are accompanied by at least one other person.

10Slide11

Revision: May 2012

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