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AUTHORIZED IMPROVEMENTS
<br />The budget for the Authorized Improvements remains at $22,386,420 as shown on the table
<br />below.
<br />Public Improvements
<br />Street Improvements
<br />Drainage Improvements
<br />Erosion Control/Mobilization & General Conditions
<br />Water Line Distribution
<br />Wastewater
<br />Sewer Lift Station
<br />Landscaping
<br />Public Safety Facilities
<br />Contingency
<br />Construction Management Fee
<br />Soft Costs
<br />Total Public Improvements
<br />$ 5,788,090 $
<br />2,255,873 $
<br />39.0%
<br />1,272,692
<br />524,980
<br />41.2%
<br />563,672
<br />468,161
<br />83.1%
<br />728,070
<br />623,574
<br />85.6%
<br />1,026,228
<br />878,431
<br />85.6%
<br />3,967,557
<br />1,741,719
<br />43.9%
<br />2,989,342
<br />985,115
<br />33.0%
<br />500,000
<br />-
<br />0.0%
<br />1,327,000
<br />-
<br />0.0%
<br />711,072
<br />59,366
<br />8.3%
<br />3,512,697
<br />1,614,050
<br />45.9%
<br />$ 22,386,420 $
<br />9,151,269 $
<br />40.9%
<br />Footnotes:
<br />[a] Per 2019 Annual Service Plan Update approved on January 29, 2019.
<br />[b] Per the Draw #1 & Draw #2 Approved Certificate dated April 3, 2019.
<br />[c] Per total 2A costs to be provided by the Developer.
<br />SERVICE PLAN — FIVE YEAR BUDGET FORECAST
<br />The Act requires the annual indebtedness and projected costs for the improvements to be
<br />reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period
<br />of not less than five years.
<br />Initial PID Bonds
<br />Principal $ 190,000.00 $ 200,000.00 $ 210,000.00 $ 220,000.00 $ 230,000.00
<br />Interest $ 652,975.00 $ 644,425.00 $ 635,425.00 $ 625,975.00 $ 616,075.00
<br />(1) $ 842,975.00 $ 844,425.00 $ 845,425.00 $ 845,975.00 $ 846,075.00
<br />Reimbursement Obligation
<br />Principal $ 160,000.00 $ 165,000.00 $ 175,000.00 $ 185,000.00 $ 195,000.00
<br />Interest $ 548,075.00 $ 539,275.00 $ 530,200.00 $ 520,575.00 $ 510,400.00
<br />(2) $ 708,075.00 $ 704,275.00 $ 705,200.00 $ 705,575.00 $ 705,400.00
<br />Additional interest (3) $ 58,500.00 $ 57,550.00 $ 56,550.00 $ 55,500.00 $ 54,400.00
<br />Administrative Expenses (4) $ 51,200.00 $ 52,224.00 $ 53,268.48 $ 54,333.85 $ 55,420.53
<br />Total Annual Installment (5) = (1) + (2) + (3) + (4) $ 1,660,750.00 $ 1,658,474.00 $ 1,660,443.48 $ 1,661,383.85 $ 1,661,295.53
<br />TRACE PID 2020 ANNUAL SERVICE PLAN UPDATE 5
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