|
The projected Annual Installments for the first five years after the approval of this SAP for
<br />the Major Improvement Public Improvement PID Bonds are presented in Table V -B. The
<br />annual projected Annual Installments are subject to revision and shall be updated in the
<br />Annual Service Plan Update to reflect any change expected for each year.
<br />Period
<br />Ending
<br />Sept. 30
<br />Principal
<br />payments
<br />Interest
<br />Expense
<br />Administrative
<br />Expenses
<br />Prepayment
<br />Reserve
<br />Delinquency
<br />Reserve
<br />Capitalized
<br />Interest
<br />Annual PID
<br />Installments
<br />2018
<br />$
<br />100,000
<br />$
<br />670,500
<br />$
<br />60,000
<br />$
<br />22,350
<br />$
<br />33,525
<br />$ 156,000
<br />$ 1,042,375
<br />2019
<br />$
<br />125,000
<br />$
<br />664,500
<br />$
<br />61,200
<br />$
<br />22,150
<br />$
<br />33,225
<br />$ -
<br />$ 906,075
<br />2020
<br />$
<br />125,000
<br />$
<br />657,000
<br />$
<br />62,424
<br />$
<br />21,900
<br />$
<br />32,850
<br />$
<br />$ 899,174
<br />2021
<br />$
<br />175,000
<br />$
<br />649,500
<br />$
<br />63,672
<br />$
<br />21,650
<br />$
<br />32,475
<br />$
<br />$ 942,297
<br />2022
<br />$
<br />175,000
<br />$
<br />639,000
<br />$
<br />64,946
<br />$
<br />21,300
<br />$
<br />31,950
<br />$
<br />$ 932,196
<br />2023
<br />$
<br />200,000
<br />$
<br />628,500
<br />$
<br />66,245
<br />$
<br />20,950
<br />$
<br />31,425
<br />$
<br />$ 947,120
<br />Total
<br />$
<br />900,000
<br />$
<br />3,909,000
<br />$
<br />378,487
<br />$
<br />130,300
<br />$
<br />195,450
<br />$ 156,000
<br />$ 5,669,237
<br />22
<br />
|