|
8.A. - Page 30
<br /> ESTIMATED SOURCES AND USES OF PROCEEDS
<br /> SOURCES
<br /> Par Amount of Bonds
<br /> Plus:Original Issue Premium
<br /> Plus:Released 2006 Moneys
<br /> Total Sources
<br /> USES
<br /> Redemption of the 2006 Bonds
<br /> Deposit to Reserve Fund(1)
<br /> Deposit to Delivery Costs Fun&
<br /> Total Uses
<br /> (1) Represents the Reserve Fund Requirement being maximum annual debt service on the Bonds. See
<br /> "SECURITY FOR THE BONDS—Reserve Fund" below, including a description of certain
<br /> circumstances under which the Reserve Fund for the Bonds may be terminated.
<br /> (2) Includes legal and financing costs, printing costs, rating agency fees, initial fees of the Trustee and
<br /> other costs related to the issuance of the Bonds.
<br /> DEBT SERVICE REQUIREMENTS
<br /> The following table sets forth the annual installment payment requirements under the
<br /> 2015 Installment Purchase Contract, the 2013 Installment Purchase Contract and the 2007
<br /> Installment Purchase Contract, providing revenues to support the Authority's debt service
<br /> requirements on the Bonds, the 2013 Bonds and the 2007 Bonds (assuming no optional
<br /> redemption or mandatory redemption from proceeds of insurance, sale or condemnation). The
<br /> obligation of the City to make Installment Payments under the 2015 Installment Purchase
<br /> Contract is on a parity with its obligation to make payments under the 2013 Installment
<br /> Purchase Contract and the 2007 Installment Purchase Contract.
<br /> 2007 2013 2015 Bonds
<br /> February 1 Total Total Principal Interest Total Total
<br /> 2016 $ 946,025.00 $ 2,058,112.50
<br /> 2017 947,800.00 2,062,912.50
<br /> 2018 948,675.00 2,061,112.50
<br /> 2019 945,875.00 2,059,850.00
<br /> 2020 947,475.00 2,060,650.00
<br /> 2021 947,675.00 2,059,850.00
<br /> 2022 947,050.00 2,062,450.00
<br /> 2023 949,950.00 2,058,250.00
<br /> 2024 946,787.50 2,061,000.00
<br /> 2025 947,775.00 2,060,750.00
<br /> 2026 947,700.00 2,062,500.00
<br /> 2027 950,793.75 2,061,000.00
<br /> 2028 947,575.00 2,061,250.00
<br /> 2029 948,262.50 2,063,000.00
<br /> 2030 947,637.50 2,061,000.00
<br /> 2031 950,700.00 2,060,250.00
<br /> 2032 947,231.25 2,060,500.00
<br /> 2033 947,450.00 2,061,500.00
<br /> 2034 950,100.00 2,058,000.00
<br /> 2035 950,950.00 —
<br /> TOTALS $18,963,487.50 $39,153,937.50
<br /> -6-
<br />
|