110200 CORTLAND CITY SD
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Amount Issued: 23,822,332 BLD
Date of Original Issuance: 01-Dec-97
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New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
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0001 003 997,991 0 0 997,991 15.0 14,969,865
0002 004 1,016,782 0 0 1,016,782 15.0 15,251,730
0004 004 1,401,938 0 0 1,401,938 15.0 21,029,070
0006 004 1,166,574 0 0 1,166,574 15.0 17,498,610
0007 003 16,938,342 0 5,974,945 10,963,397 17.0 287,951,814
0009 004 850,290 0 0 850,290 15.0 12,754,350
5003 003 413,181 0 0 413,181 15.0 6,197,715
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22,785,098 375,653,154
Blended Maximum Useful Life: 16.5
Original Term of Bond: 11.0
Selected Maximum Useful Life: 16.5
Period Prior to 1 July 2002: 5.0
Sel. Remaining Term for Amortization: 11.5
Principal Outstanding as of July 2002: 14,397,263
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 11.5 : 1,617,416
Bond Percent: 100.000%
Aidable Debt Service for Amortization Year 6 of 1,617,416
Additional Costs Attributable to Refinancing
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A. Total Amount of Refinancing Issued (SA-132A #7): 13,760,000
B. Bond Percent: 100.000%
C. Applicable Building Aid Ratio: 80.1%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 11,532,208
E. Amount of Original Principal Refinanced: (SA132-A # 4) 13,500,000
F. State Share Ratio: (D / E) 85.4%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 12,100
H. Total Variable Costs of Refinancing (SA132-A # 23): 156,353
I. State Share of Variable Costs Aided at 100%:( H * F) 133,525
J. Total Principal Added(A - E - G - H): 91,547
K. State Share of Additional Principal Aided at 100% (J * F): 78,181
L. Total Refinancing Costs Aided at 100% (G + I + K): 223,807
M. Local Share of Variable Costs Aided at State Share (H - I): 22,828
Assumed Aidable Debt Service for Refinancing
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Assumed Debt Service for Fixed Costs: 1,360
Assumed Debt Service for State Share of Variable Costs: 15,000
Assumed Debt Service for State Share of Additional Principal: 8,784
Assumed Debt Service for Local Share of Variable Costs: * 2,564
* After application of Bond Percent.
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End of Report
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