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SERVICE PLAN - FIVE YEAR BUDGET FORECAST
<br />The PID Act requires the annual indebtedness and projected costs for the Public Improvements
<br />to be reviewed and updated in the Annual Service Plan Update, and the projection shall cover a
<br />period of not less than five years.
<br />PID Bonds
<br />Principal
<br />$
<br />185,000
<br />$
<br />190,000
<br />$
<br />200,000
<br />$
<br />210,000
<br />$
<br />220,000
<br />Interest
<br />$
<br />661,300
<br />$
<br />652,975
<br />$
<br />644,425
<br />$
<br />635,425
<br />$
<br />625,975
<br />(1)
<br />$
<br />846,300
<br />$
<br />842,975
<br />$
<br />844,425
<br />$
<br />845,425
<br />$
<br />845,975
<br />Reimbursement Obligation
<br />Principal
<br />$
<br />150,000
<br />$
<br />160,000
<br />$
<br />165,000
<br />$
<br />175,000
<br />$
<br />185,000
<br />Interest
<br />$
<br />556,325
<br />$
<br />548,075
<br />$
<br />539,275
<br />$
<br />530,200
<br />$
<br />520,575
<br />(2)
<br />$
<br />706,325
<br />$
<br />708,075
<br />$
<br />704,275
<br />$
<br />705,200
<br />$
<br />705,575
<br />Additional interest
<br />(3)
<br />$
<br />59,425
<br />$
<br />58,500
<br />$
<br />57,550
<br />$
<br />56,550
<br />$
<br />55,500
<br />Administrative Expenses
<br />(4)
<br />$
<br />40,800
<br />$
<br />41,616
<br />$
<br />42,448
<br />$
<br />43,297
<br />$
<br />44,163
<br />Total Annual Installment
<br />(5)=(1)+(2)+(3)+(4)
<br />$
<br />1,652,850
<br />$
<br />1,651,166
<br />$
<br />1,648,698
<br />$
<br />1,650,472
<br />$
<br />1,651,213
<br />ASSESSMENT ROLL
<br />The list of current Lots within the PID, the corresponding total Special Assessments, and current
<br />Annual Installment are shown on the Assessment Roll attached hereto as Exhibit A. The Parcels
<br />shown on the Assessment Roll will receive the bills for the 2019 Annual Installments which will
<br />be delinquent if not paid by January 31, 2020.
<br />TRACE PID 2019 ANNUAL SERVICE PLAN UPDATE 5
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