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<br />
<br />Table V-B
<br />Major Public Improvement PID Bonds
<br />Projected Annual Installments
<br />Period
<br />Principal Interest Administrative Prepayment Delinquency Capitalized Annual PID
<br />Ending
<br />PaymentsExpenseExpensesReserveReserveInterestInstallments
<br />Sept. 30
<br />2018$100,000$670,500$60,000$22,350$33,525$156,000$1,042,375
<br />2019$125,000$664,500$61,200$22,150$33,225$-$906,075
<br />2020$125,000$657,000$62,424$21,900$32,850$-$899,174
<br />2021$175,000$649,500$63,672$21,650$32,475$-$942,297
<br />2022$175,000$639,000$64,946$21,300$31,950$-$932,196
<br />2023$200,000$628,500$66,245$20,950$31,425$-$947,120
<br />Total$900,000$3,909,000$378,487$130,300$195,450$156,000$5,669,237
<br />Note:TheProjectedAnnualInstallmentsaretheexpendituresassociatedwiththeformationofthePID,thecostsof
<br />issuanceandrepaymentofthePIDBondsandtheadministrationofthePID.Thedebtserviceestimatesarebasedon
<br />anaverage6.0%interestrateanda30yeartermfortheinitialseriesofPIDBonds.Administrativeexpensesare
<br />estimated to increase at a rate of 2.0% per year.
<br />22
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