Laserfiche WebLink
ESTIMATED SOURCES AND USES OF FUNDS* <br /> The following table presents the estimated sources and uses of Bond proceeds (excluding accrued <br /> interest, which will be deposited into the Interest Account). <br /> Sources of Funds: <br /> Principal Amount of Bonds $28,000,000' <br /> Less: Original Issue Discount <br /> Less: Underwriter's Discount <br /> Total Sources $ <br /> Uses of Funds: <br /> Costs of Issuance Fund') $ <br /> Reserve Account <br /> Interest Account <br /> Project Fund <br /> Total Uses $ <br /> (I) Costs of issuance include an amount equal to$ , representing the premium paid for the municipal bond insurance policy. <br /> Other costs of issuance will include printing costs for the Bonds and the preliminary and final Official Statements, fees and expenses <br /> of the Trustee and its counsel, fees and expenses of Bond Counsel and counsel to the Authority, and certain other costs associated with <br /> the issuance and delivery of the Bonds. <br /> DEBT SERVICE FOR THE BONDS' <br /> The following table sets forth the debt service requirements for the Bonds: <br /> Payment Principal Interest Total Debt Service <br /> Date Ending Due on Bonds Due on Bonds Due on Bonds <br /> 08/01/97 $1,990,000 <br /> 08/01/98 2,085,000 <br /> 08/01/99 2,175,000 <br /> 08/01/2000 2,285,000 <br /> 08/01/2001 2,410,000 <br /> 08/01/2002 2,530,000 <br /> 08/01/2003 2,670,000 <br /> 08/01/2004 2,815,000 <br /> 08/01/2005 2,980,000 <br /> 08/01/2006 3,145,000 <br /> 08/01/2007 520,000 <br /> 08/01/2008 545,000 <br /> 08/01/2009 580,000 <br /> 08/01/2010 615,000 <br /> 08/01/2011 655.000 <br /> $28,000,000 <br /> Preliminary, subject to change <br /> 11 <br />