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Ord 2024-037 approving the 2024 Annual Service Plan Update for the Whisper South Public Improvement District
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Ord 2024-037 approving the 2024 Annual Service Plan Update for the Whisper South Public Improvement District
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10/3/2024 4:38:32 PM
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Approving
Number
2024-037
Date
9/3/2024
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Improvement Area #2 <br /> Net of the principal bond payment due September 1, Improvement Area #2 has an outstanding <br /> Assessment of$3,521,209.45. <br /> Improvement Area #3 <br /> Net of the principal bond payment due September 1, Improvement Area #3 has an outstanding <br /> Assessment of$1,690,335.07. <br /> ANNUAL INSTALLMENT DUE 1/31/2025 <br /> ■ Improvement Area #1-3 Bonds Principal and Interest —The total principal and interest <br /> on the PID Bonds required for this year's Annual Installment is $867,400.00. <br /> ■ Additional Interest—The Delinquency and Prepayment Reserve Requirement, as defined <br /> in the Indenture, of $755,370.00 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$68,670.00. <br /> ■ Annual Collection Costs — The cost of administering the PID and collecting the Annual <br /> Installments shall be paid for on a pro rata basis by each Parcel based on the amount of <br /> outstanding Assessment remaining on the Parcel. The total Annual Collection Costs due <br /> is $59,017.77. <br /> PID Administrator $ 30,600.00 <br /> City Auditor $ 2,500.00 <br /> Filing Fees $ 1,000.00 <br /> County Collection $ 12.00 <br /> Miscellaneous $ 1,000.00 <br /> PID Trustee Fees $ 3,500.00 <br /> Draw Request Review $ 12,000.00 <br /> Dev/Issuer CDS Review $ 1,000.00 <br /> Past Due Invoices - IA#1 $ 3,044.29 <br /> Past Due Invoices - IA#2 $ 1,257.72 <br /> Past Due Invoices - IA#3 $ 603.76 <br /> Arbitrage Calculation $ 2,500.00 <br /> Total $ 59,017.77 <br /> iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillillillillillilillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillI <br /> WHISPER SOUTH PUBLIC IMPROVEMENT DISTRICT 6 <br /> 2024 ANNUAL SERVICE PLAN UPDATE <br />
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