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<br />_711.
<br />
<br />Proof of February 18, 1178
<br />
<br />SANTA ANA-7923
<br />
<br />Bowne of San Francisco, Inc., 981-7882
<br />
<br />GALLEY 40-
<br />
<br />Table S does not reflect the initial deposit into the
<br />Reserve Account (equal to maximum annual debt
<br />service on the Bonds), since this amounl is to be re-
<br />tained therein and, unless needed to cover any unan-
<br />ticipated deficiency in the Tax Revenues, will not be
<br />used unlil applied to the last payment of interest and
<br />principal on the 1978 Bonds (or Additional Bonds),
<br />The estimates presented in Table S do not take
<br />into account interest earnings on the Special Fund
<br />which in praclice will be invested in accordance with
<br />Ihe provisions of the Resolution. To the extent that
<br />such investment income is available, the retirement
<br />of principal through purchase or call may be acceler-
<br />ated over the retirement schednle presented in
<br />Table S.
<br />
<br />Table 5
<br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
<br />City of Santa Ana RedevBlopment Project Area, 1978 Tax Allocation Bonds
<br />Estimated Bond Retirement and Cash Flow Schedule
<br /> Cumulative
<br />Year Esllmaled Bonds Inleresl Redempllon Premium Tolal Balance
<br />Ending Tax Outsland- Estlmaled Principal Bond In Spacial
<br />April 1 Revenues<D Ing@ @8'k% Retlred@ Percenl Amounl Service Fund@
<br />1979 ".., $1,228.000 $13,500.000 877,500 225,000 $ 1,102,500 $ 125,500
<br />1980 .."" 1,368,000 13.275,000 862,875 240,000 1,102,875 390,625
<br />1981 .."" 1,476,000 13,035,000 847,275 260,000 1,107,275 667,443
<br />1982 """" 1,476,000 12,775,000 830.375 275,000 1,105,375 943.786
<br />1983 .... 1,476,000 12,500.000 812,500 295,000 1,107,500 1,220,661
<br />1984 .... 1,476,000 12,205,000 793,325 315,000 1,108,325 1,497.742
<br />1985 .... 1,476,000 11.890,000 772,850 335,000 1,107,850 1,774,704
<br />1986.." " 1,476,000 11,555,000 751,075 355,000 1,106.075 2,051,223
<br />1987 .."" 1,476,000 11,200,000 728,000 380,000 1,108.000 2,328,223
<br />1988 """" 1,476,000 10,820,000 703.300 405.000 1,108,300 2,605,298
<br />1989 ""., 1,476,000 10.415,000 676,975 3,305,000 3 % $ 99,150 4,081,125 173
<br />199°"" .. 1.476.000 7,110,000 462,150 980,000 3 29,400 1,471,550 4,623
<br />1991 "."" 1.476,000 6,130,000 398,450 1,050,000 3 31.500 1,479.950 673
<br />1992 ".." 1,476,000 5,080,000 330,200 1,115,000 H. 30.663 1,475,863 810
<br />1993 .."" 1,476,000 3,965,000 257,725 1,185,000 2\;2 29.625 1,472.350 3,650
<br />1994 """" 1,476,000 2,780,000 180,700 1,270,000 2\<4 28,575 1,479,275 375
<br />1995 .,"" 1,476,000 1,510.000 98,150 1,350,000 2 27,000 1,475,150 1,225
<br />1996 .."" 1,476,000 160,000 10.400 160,000 no 2,800 173,200 1,304,O25@
<br />TOlals " $10,393.825 $13,500,000 $278,713 $24,172,538
<br />
<br /><D B"ased on Tax Revenues currently being generated by the Project ($1,167.000) plus anticipated increases by 1980/81
<br />resultin8 from new development completed since March I, 1977 or currently in progress,
<br />@ Prior to retirement of principal in each yoar.
<br />@ Provides for redemption of callable Bonds on earliest call date (April I, 1989) and each principal paymenl elate there-
<br />after, 10 the extont Tax Revenues and retained funds are available"
<br />@ Represents annual retention and accumulation from Tax Revenues in yearly amounts up 10 25 percenl of annual debl
<br />service, Assumos application of total Tax Revenues to Bond redemption on and after April I. 1989. Does not reftect permitted
<br />application of Reserve Account halance 10 final payments of principal and/or interesl, Excludes interest earnings on retained
<br />funds,
<br />@Available for dislribution 10 othor taxing agencies or for payment of Additional Bonds, if any,
<br />
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