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[PARTIAL PREPAYMENT OF ASSESSMENTS
<br /> There have been no partial prepayments of Assessments in the PID.
<br /> [�EX�TRAORDllNARY OPTIONAL REDEMPTIONS
<br /> There have been no Extraordinary Option Redemptions for the Initial Bonds.
<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 $ 210,000.00 $ 220,000.00 $ 230,000.00 $ 240,000.00 $ 255,000.00
<br /> Interest $ 635,425.00 $ 625,975.00 $ 616,075.00 $ 604,575.00 $ 592,575.00
<br /> (1) $ 845,425.00 $ 845,975.00 $ 846,075.00 $ 844,575.00 $ 847,575.00
<br /> Reimbursement Obligation
<br /> Principal $ 127,800.83 $ 135,103.73 $ 142,406.64 $ 149,709.54 $ 160,663.90
<br /> Interest $ 387,200.00 $ 380,170.95 $ 372,740.25 $ 364,907.88 $ 356,673.86
<br /> (2) $ 515,000.83 $ 515,274.69 $ 515,146.89 $ 514,617.43 $ 517,337.76
<br /> Additional interest (3) $ 56,550.00 $ 55,500.00 $ 54,400.00 $ 53,250.00 $ 52,050.00
<br /> Administrative Expenses (4) $ 44,166.00 $ 45,049.32 $ 45,950.31 $ 46,869.31 $ 47,806.70
<br /> Total Annual Installment (5)_(1)+(2)+(3)+(4) $1,461,141.83 $1,461,799.01 $1,461,572.19 $1,459,311.74 $ 1,464,769.46
<br /> LASSESSMENT ROLL
<br /> The list of current Lots within the PID, the corresponding total Assessments, and current Annual
<br /> Installment are shown on the Assessment Roll attached hereto as Exhibit A. The Lots shown on
<br /> the Assessment Roll will receive the bills for the 2022 Annual Installments which will be
<br /> delinquent if not paid by January 31, 2022.
<br /> The Total Outstanding Assessment and total Annual Installment due 1/31/2022 on the
<br /> Assessment Roll differs from the Service Plan by the amount of the Prepayment made by Property
<br /> IDs R155709, R162997, R162990, R16886 and R178396. Bonds in that amount have not yet been
<br /> redeemed.
<br /> TRACE PID 2022 ANNUAL SERVICE PLAN UPDATE 7
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