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<br />Attachment II
<br />
<br />Estimated Sources and Uses of Funds
<br />
<br />Bonds Sold
<br />Less
<br />
<br />Discount
<br />Insurance
<br />Costs of Issuance
<br />
<br />FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09
<br />
<br />35,800,000
<br />
<br />260,000
<br />478,000
<br />155,000
<br />
<br />Reserve Fund (Maximum Annual Debt Service) 2,276,000
<br />Equals
<br />Net Proceeds 32,622,000
<br />
<br />Allocated to Operating Reserve
<br />Allocated to Project Expenses
<br />
<br />Assumptions
<br />
<br />Proceeds Target
<br />
<br />Amortization Term
<br />Average Interest Rate
<br />Discount (0/0 of Par Amount Sold)
<br />Insurance Premium (% of Total Debt Service)
<br />
<br />8,300,000
<br />24,322,000
<br />
<br />32,621 ,500
<br />
<br />30
<br />4.80%
<br />0.75%
<br />0.70%
<br />
<br />T cta I
<br />
<br />18,010,000 17,160,000 7,840,000 14,220,000 93,030,000
<br />
<br />135,000
<br />253,000
<br />155,000
<br />
<br />1,205,000
<br />
<br />129,000
<br />248,000
<br />155,000
<br />
<br />1 jß_1, 000
<br />
<br />59,000
<br />113,000
<br />155,000
<br />
<br />539,000
<br />
<br />1 07, 000 699, 000
<br />205,000 1,297,000
<br />155,000 775,000
<br />
<br />978~QOO 6,179,000
<br />
<br />16,262,000 15,447,000 6,974,000 12,775,000 84,080,000
<br />- - - - 8 300 000
<br />, ,
<br />
<br />16 , 262 , 00 0 1 5, 44 7 , 000 6 , 974 , 0 a 0 1 2, 77 5 , 000 7 5, 780 , 000
<br />
<br />16,260,000 15,440,000 6,967,000 12,774,500 84,063,000
<br />
<br />30
<br />5.25%
<br />0.750/0
<br />0.700/0
<br />
<br />30
<br />5.500/0
<br />0.75%
<br />0.700/0
<br />
<br />30
<br />5.500/0
<br />0.75%
<br />0.700/0
<br />
<br />30
<br />5.500/0
<br />0.75%
<br />O. 700/0
<br />
<br />..
<br />
<br />Note: All bond sales planned for February with first debt service payment due the following fiscal year.
<br />
<br />AII-1
<br />
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