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Ord 2022-080/approving the 2022 Annual Service Plan Update for the Whisper Public Improvement District
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Ord 2022-080/approving the 2022 Annual Service Plan Update for the Whisper Public Improvement District
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10/26/2022 10:47:02 AM
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10/26/2022 10:32:34 AM
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City Clerk - Document
Ordinances
City Clerk - Type
Approving
Number
2022-80
Date
10/3/2022
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SERVICE PLAN — FIVE YEAR BUDGET FORECAST <br /> The PID 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 /> Principal $ 200,000 $ 210,000 $ 215,000 $ 225,000 $ 240,000 <br /> Interest 659,931 651,181 641,994 632,588 621,619 <br /> (1) $ 859,931 $ 861,181 $ 856,994 $ 857,588 $ 861,619 <br /> Annual Collection Costs (2) $ 54,264 $ 55,349 $ 56,456 $ 57,585 $ 58,737 <br /> Additional Interest Reserve (3) $ 60,075 $ 59,075 $ 58,025 $ 56,950 $ 55,825 <br /> Total Annual Installment (4)_(1)+(2)+(3) $ 974,270 $ 975,606 $ 971,475 $ 972,123 $ 976,181 <br /> ASSESSMENT ROLL <br /> The list of current Lots within the District, the corresponding total Assessments, and current <br /> Annual Installment are shown on the Assessment Roll attached hereto as Exhibit A. The Lots <br /> shown on the Assessment Roll will receive the bills for the 2022 Annual Installments which will <br /> be delinquent if not paid by January 31, 2023. <br /> WHISPER PID 2022 ANNUAL SERVICE PLAN UPDATE 7 <br />
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