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Res 2017-139/Whisper finance agreement
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Res 2017-139/Whisper finance agreement
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10/11/2017 9:23:13 AM
Creation date
9/12/2017 1:32:55 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-139
Date
9/5/2017
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Sources of Funds <br />Gross Bond Amount $ 14,125,000 <br />Landowners Contribution (a) 17,155 <br />$ 14,142,155 <br />Uses of Funds <br />Public Improvements (b): $ 10,399,030 <br />Other Fund Deposits: <br />Debt Service Reserve Fund (c): $ 1,412,500 <br />Capitalized Interest (d): 918,125 <br />$ 2,330,625 <br />Cost of Issuance: $ 988,750 <br />Underwriter Discount/Underwriter Counsel (e): $ 423,750 <br />$ 14,142,155 <br />The projected Annual Installments for the first five years after the approval of this SAP for <br />the Special Assessments and the planned 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 />17 <br />
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