070902 ELMIRA HEIGHTS CENTRAL SCHOOLS
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Amount Issued: 4,610,000 BLD
Date of Original Issuance: 18-Dec-96
__________________________________________________________________________
New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
__________________________________________________________________________
0001 005 3,703,804 0 970,492 2,733,312 16.5 61,112,766
0007 007 5,590,414 0 4,358,771 1,231,643 19.0 106,217,866
___________________________________________________________________________
____ 9,294,218 167,330,632
Blended Maximum Useful Life: 18.0
Original Term of Bond: 18.0
Selected Maximum Useful Life: 18.0
Period Prior to 1 July 2002: 6.0
Sel. Remaining Term for Amortization: 12.0
Principal Outstanding as of July 2002: 3,400,000
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 12 : 369,786
Bond Percent: 99.936%
Aidable Debt Service for Amortization Year 6 of 12 369,549
Additional Costs Attributable to Refinancing
____________________________________________
A. Total Amount of Refinancing Issued (SA-132A #7): 3,675,000
B. Bond Percent: 99.936%
C. Applicable Building Aid Ratio: 79.7%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 2,708,066
E. Amount of Original Principal Refinanced: (SA132-A # 4) 3,400,000
F. State Share Ratio: (D / E) 79.6%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 4,957
H. Total Variable Costs of Refinancing (SA132-A # 23): 78,199
I. State Share of Variable Costs Aided at 100%:( H * F) 62,246
J. Total Principal Added(A - E - G - H): 191,844
K. State Share of Additional Principal Aided at 100% (J * F): 152,708
L. Total Refinancing Costs Aided at 100% (G + I + K): 219,911
M. Local Share of Variable Costs Aided at State Share (H - I): 15,953
Assumed Aidable Debt Service for Refinancing
____________________________________________
Assumed Debt Service for Fixed Costs: 540
Assumed Debt Service for State Share of Variable Costs: 6,770
Assumed Debt Service for State Share of Additional Principal: 16,608
Assumed Debt Service for Local Share of Variable Costs: * 1,733
* After application of Bond Percent.
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Amount Issued: 3,900,000 BLD
Date of Original Issuance: 25-Feb-97
__________________________________________________________________________
New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
__________________________________________________________________________
0001 005 3,703,804 0 970,492 2,733,312 16.5 61,112,766
0007 007 5,590,414 0 4,358,771 1,231,643 19.0 106,217,866
___________________________________________________________________________
9,294,218 167,330,632
____ Blended Maximum Useful Life: 18.0
Original Term of Bond: 18.0
Selected Maximum Useful Life: 18.0
Period Prior to 1 July 2002: 6.0
Sel. Remaining Term for Amortization: 12.0
Principal Outstanding as of July 2002: 2,825,000
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 12 : 307,248
Bond Percent: 99.936%
Aidable Debt Service for Amortization Year 6 of 12 307,051
Additional Costs Attributable to Refinancing
____________________________________________
A. Total Amount of Refinancing Issued (SA-132A #7): 3,040,000
B. Bond Percent: 99.936%
C. Applicable Building Aid Ratio: 79.7%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 2,250,084
E. Amount of Original Principal Refinanced: (SA132-A # 4) 2,825,000
F. State Share Ratio: (D / E) 79.6%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 4,101
H. Total Variable Costs of Refinancing (SA132-A # 23): 62,167
I. State Share of Variable Costs Aided at 100%:( H * F) 49,485
J. Total Principal Added(A - E - G - H): 148,732
K. State Share of Additional Principal Aided at 100% (J * F): 118,391
L. Total Refinancing Costs Aided at 100% (G + I + K): 171,977
M. Local Share of Variable Costs Aided at State Share (H - I): 12,682
Assumed Aidable Debt Service for Refinancing
____________________________________________
Assumed Debt Service for Fixed Costs: 446
Assumed Debt Service for State Share of Variable Costs: 5,382
Assumed Debt Service for State Share of Additional Principal: 12,876
Assumed Debt Service for Local Share of Variable Costs: * 1,379
* After application of Bond Percent.
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Amount Issued: 250,000 BLD
Date of Original Issuance: 26-Feb-97
__________________________________________________________________________
New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
__________________________________________________________________________
0001 006 199,757 0 0 199,757 15.0 2,996,355
0007 008 568,390 0 0 568,390 15.0 8,525,850
0007 E01 131,853 0 0 131,853 15.0 1,977,795
___________________________________________________________________________
900,000 13,500,000
____ Blended Maximum Useful Life: 15.0
Original Term of Bond: 11.0
Selected Maximum Useful Life: 15.0
Period Prior to 1 July 2002: 6.0
Sel. Remaining Term for Amortization: 9.0
Principal Outstanding as of July 2002: 100,000
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 9 : 13,636
Bond Percent: 94.832%
Aidable Debt Service for Amortization Year 6 of 9 12,931
Additional Costs Attributable to Refinancing
____________________________________________
A. Total Amount of Refinancing Issued (SA-132A #7): 105,000
B. Bond Percent: 94.832%
C. Applicable Building Aid Ratio: 79.7%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 75,581
E. Amount of Original Principal Refinanced: (SA132-A # 4) 100,000
F. State Share Ratio: (D / E) 75.5%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 142
H. Total Variable Costs of Refinancing (SA132-A # 23): 1,385
I. State Share of Variable Costs Aided at 100%:( H * F) 1,046
J. Total Principal Added(A - E - G - H): 3,473
K. State Share of Additional Principal Aided at 100% (J * F): 2,622
L. Total Refinancing Costs Aided at 100% (G + I + K): 3,810
M. Local Share of Variable Costs Aided at State Share (H - I): 339
Assumed Aidable Debt Service for Refinancing
____________________________________________
Assumed Debt Service for Fixed Costs: 20
Assumed Debt Service for State Share of Variable Costs: 142
Assumed Debt Service for State Share of Additional Principal: 358
Assumed Debt Service for Local Share of Variable Costs: * 44
* After application of Bond Percent.
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Amount Issued: 10,170,000 BLD-10
Date of Original Issuance: 02-Jun-03
__________________________________________________________________________
New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
__________________________________________________________________________
0001 007 6,986,150 0 668,850 6,317,300 15.5 108,285,325
0007 009 4,413,850 0 0 4,413,850 15.0 66,207,750
___________________________________________________________________________
11,400,000 174,493,075
Blended Maximum Useful Life: 15.5
Original Term of Bond: 16.0
Term based on prior Retro borrowing: 16.0
____ Selected Maximum Useful Life: 16.0
Period Prior to 1 July 2002: 2.0
Sel. Remaining Term for Amortization: 14.0
Principal Outstanding as of July 2002: 11,009,824
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 14 : 1,068,508
Bond Percent: 94.122%
Aidable Debt Service for Amortization Year 6 of 14 1,005,701
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End of Report
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