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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 /> -Trace Public Improvement bikoct
<br /> 6 e 2 k 6 1 @ 1
<br /> Series 2019 Bonds
<br /> Principal $ 220,000.00 $ 230,000.00 $ 240,000.00 $ 255,000.00 $ 265,000.00
<br /> Interest $ 625,975.00 $ 616,075.00 $ 604,575.00 $ 592,575.00 $ 579,825.00
<br /> Additional Interest $ 55,500.00 $ 54,400.00 $ 53,250.00 $ 52,050.00 $ 50,775.00
<br /> (1) $ 901,475.00 $ 900,475.00 $ 897,825.00 $ 899,625.00 $ 895,600.00
<br /> Reimbursement Obligation
<br /> Principal $ 135,103.73 $ 142,406.64 $ 149,709.54 $ 160,663.90 $ 167,966.80
<br /> Interest $ 380,170.95 $ 372,740.25 $ 364,907.88 $ 356,673.86 $ 347,837.34
<br /> (2) $ 515,274.69 $ 515,146.89 $ 514,617.43 $ 517,337.76 $ 515,804.15
<br /> Annual Collection Costs (3) $ 39,350.00 $ 40,137.00 $ 40,939.74 $ 41,758.53 $ 42,593.71
<br /> Total Annual Installment (4)_(1)+(2)+(3) $1,456,099.69 $1,455,758.89 $1,453,382.17 $1,458,721.29 $ 1,453,997.85
<br /> ASSESSMENT 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 2023 Annual Installments which will be
<br /> delinquent if not paid by January 31, 2024.
<br /> The Total Outstanding Assessment and total Annual Installment due 1/31/2024 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, R178396, R178400, and R178383. Bonds in that
<br /> amount have not yet been redeemed.
<br /> TRACE PUBLIC IMPROVEMENT DISTRICT 9
<br /> 2023 ANNUAL SERVICE PLAN UPDATE
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