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<br />06/04/2007 <br /> <br />outstanding as of the Interest Calculation Date and will then be paid <br />by the Sewer Fund on the same date (Payment Date). <br /> <br />c. Principal shall be payable semi-annually on July 31st and January <br />31st in accordance with the attached payment schedule. <br /> <br />d. Notwithstanding the foregoing, said loan may be repaid without <br />penalty at any time during the term thereof by fully paying and <br />transferring the remaining balance of principal and interest current <br />to date of repayment to the Water Fund. <br /> <br />2. The aforementioned sum is transferred and appropriated for the purpose <br />hereinabove specified for expenditure during the fiscal year, July 1, 2006 - <br />June 30, 2007, and shall be in addition to all other sums appropriated for such <br />purpose during such fiscal year. <br /> <br />Principal Repayment Schedule <br />Payment Date Principal Interest <br />January 31, 2008 $ 416,666.67 To be calculated <br />April 30, 2008 n/a To be calculated <br />July 31,2008 $ 416,666.67 To be calculated <br />October 31, 2008 n/a To be calculated <br />January 31, 2009 $ 416,666.67 To be calculated <br />April 30, 2009 n/a To be calculated <br />July 31, 2009 $ 416,666.67 To be calculated <br />October 31, 2009 n/a To be calculated <br />January 31, 2010 $ 416,666.67 To be calculated <br />April 30, 2010 n/a To be calculated <br />July 31, 2010 $ 416,666.65 To be calculated <br />Total $2,500,000.00 To be calculated <br /> <br />A TTY/RESO/RESO.1708 <br />052107 <br /> <br />2 <br /> <br />14780 <br />Muff # 802 <br />