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<br /> COVERAGE AND FUND BALANCES <br /> Pwerage'innual Principal and Interest Requirements, including these <br /> Certificates, 1984-2008---------------------------------------------------------$224,593 <br /> Coverage of Average Requirements by 1983 Net Income-----------------------------5.56 Times <br /> ~aximum Drincipa1 and Interest Requirements, 1985---------------------------------S312,150 <br /> Coverage of Maximum Requirements by 1983 Net Income-----------------------------4.00 Times <br /> Waterworks and Sewer System Revenue Bonds to be Outstanding after <br /> Issuance of These Sl ,500,000 Certificates of Obl igation-----------------------$2,815,000 <br /> Interest and Sinking Fund, 9-30-83----------------------------------------------$ 121,850 <br /> Reserve Fund, 9-30-83 ----------------------------------------------------------$ 120,823 <br /> Repair and Replacement Fund, 9-30-83--------------------------------------------$ 39,000 <br /> ANTICIPATED ISSUANCE OF VOTED REVENUE BONDS <br /> The City anticipates calling a $5,000,000 Waterworks and Sewer System revenue bond election <br /> in April 1984 for the remaining sewer improvements and for other various repairs and ex- <br /> tensions of the city's waterworks system. <br /> AUTHORIZED BUT UNISSUED REVENUE BONDS - NONE <br /> CERTIFICATE OF OBLIGATION PROCEEDS <br /> The funds from the sale of these certificates of obligation will be used to fund the fol1ow- <br /> lng: <br /> Costs <br /> Treatment plant expansion $ 893,000 <br /> 12" line extension 143,000 <br /> Tunnelling for line work 98,500 <br /> Other repairs and replacement items 324,675 <br /> Engineering 26,000 <br /> Legal and fiscal fees 14,825 <br /> Total Proceeds $1,500,000 <br /> -12- <br />