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SERVICE PLAN <br />The PID Act requires onervicepbantnk0cnveraporodofu1)eastDvoyearo and (h)define <br />the annual projected costs and indebtedness for the Public Improvements undertaken within <br />the PID during the five year period. <br />The estimated cost for the Public Improvements and Bond Issuance Costs is $24,525,481 as <br />shown ioTable V-AThe service plan shall bereviewed and updated atleast annually for <br />purposes of determining the annual budget for Annual Collection Costs, updating the costs <br />of the Public Improvements, and updating Assessment Roll shown on Appendix A. <br />Table V-A oururuarbzms the sources and uses of funds required to construct the Public <br />Improvements. The sources and uses offunds shown ioTable V-A shall be updated each <br />year in the Annual Service Plan Update. <br />TABLE V-A <br />! <br />Sources and Uses of Funds � <br />Initial PID Bond Par (a) $ 11'810'000 <br />Reimbursement Obligation (a) 10'190.000 <br />Unnainnburaed Principal Received from 1/31/18 Payment 100'000 <br />Landowner Contribution for Elementary School /b\ 223.804 <br />Landowner Contribution (o) 2,201,616 <br />$ 24'525,481 <br />Public Improvements <br />$ 22'386'420 <br />Debt Service Reserve Fund <br />848'035 <br />Capitalized Interest <br />307'321 <br />Underwriter Discount <br />354.300 <br />Cost ofIssuance <br />490,404 <br />1atYear Collection Costs <br />40000 <br />Q 24.525.481 <br />(a)Will bcused Lopay the City's obligations under any PID Bonds and the Acquisitionaod <br />Reimbursement Agreement. <br />[b) Not subject toAcquisition and Reimbursement Agreement. The Landowner will pay for <br />the Elementary School Site's allocable share of the Public Improvements rather than having <br />aoAssessment levied oothe Elementary School Site. <br />(c) Not subject to Acquisition and BeiozhuraooeoLAgreement. <br />14 <br />