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[A:U:T�HORI�ZEDMPROVEMENTS <br /> The budget for the Authorized Improvements remains at $11,733,710 as shown on the table <br /> below. <br /> Exhibit C <br /> City of San Marcos-Whisper PID <br /> JAS Authorized Improvements <br /> . �. <br /> Major Improvements <br /> Road A $ 5,214,299 $ 5,036,850 96.60% <br /> Road B 2,179,637 2,105,461 96.609/o <br /> Lift Station&Wastewater Line D 285,746 266,331 93.21% <br /> Road C 2,284,880 2,207,123 96.60% <br /> Offsite Wastewater Line B 315,750 294,297 93.21% <br /> Detention Pond 209,699 202,563 96.60% <br /> Construction Management(4%) 419,600 404,505 96.40% <br /> Soft Costs 824,099 711,225 86.30'0 <br /> $ 11,733,710 $ 11,228,355 95.69% <br /> Notes: <br /> 1 Per the Service and Assessment Plan approved June 2,2020. <br /> Z Per Draw q5,dated January 3,2022. <br /> OUTSTANDING ASSESSMENT <br /> The District has an outstanding Assessment of$11,810,292.54. <br /> ANNUAL INSTALLMENT DUE 1/31/2023 <br /> ■ Principal and Interest—The total principal and interest on the PID Bonds required for this <br /> year's Annual Installment is$859,931.28. <br /> ■ Additional Interest—The Delinquency and Prepayment Reserve Requirement, as defined <br /> in the Indenture, of $671,725.00 has not been met. As such, the Delinquency and <br /> Prepayment Reserve will be funded with Additional Interest on the outstanding <br /> Assessment, resulting in an Additional Interest amount due of$60,075.00. <br /> ■ Administrative Expenses — The cost of administering the District and collecting the <br /> Annual Installments shall be paid for on a pro rata basis by each Parcel based on the <br /> amount of outstanding Assessment remaining on the Parcel. The total Administrative <br /> Expenses due is$54,264.00. <br /> WHISPER PID 2022 ANNUAL SERVICE PLAN UPDATE 5 <br />