170901 NORTHVILLE CSD                                                          
                                                                                    
                                                                                    
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             Amount Issued:        445,000   BLD                                    
 Date of Original Issuance:     23-Jan-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  004      808,717           0          0     808,717  15.0  12,130,755        
___________________________________________________________________________         
                808,717                                           12,130,755        
____                   Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:          7.0                    
                      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:       60,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 9 :        8,182                    
                                      Bond Percent:      97.084%                    
 Aidable Debt Service for Amortization Year 6 of 9         7,943                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:        248,000   BLD                                    
 Date of Original Issuance:     24-Jan-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 5004  001      247,962           0          0     247,962  15.0   3,719,430        
___________________________________________________________________________         
                247,962                                            3,719,430        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         11.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          7.0                    
              Sel. Remaining Term for Amortization:          8.0                    
             Principal Outstanding as of July 2002:      100,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 8 :       15,024                    
                                      Bond Percent:      99.984%                    
 Aidable Debt Service for Amortization Year 6 of 8        15,022                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  110,000      
  B. Bond Percent:                                                     99.984%      
  C. Applicable Building Aid Ratio:                                      68.7%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):         68,689      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            100,000      
  F. State Share Ratio: (D / E)                                          68.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                       178      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                 5,744      
  I. State Share of Variable Costs Aided at 100%:( H * F)                3,940      
  J. Total Principal Added(A - E - G - H):                               4,078      
  K. State Share of Additional Principal Aided at 100% (J * F):          2,798      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                  6,916      
  M. Local Share of Variable Costs Aided at State Share (H - I):         1,804      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                     26      
  Assumed Debt Service for State Share of Variable Costs:                  592      
  Assumed Debt Service for State Share of Additional Principal:            420      
  Assumed Debt Service for Local Share of Variable Costs: *                270      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      4,970,000   BLD                                    
 Date of Original Issuance:     18-Dec-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  005    4,333,257           0  3,950,104     383,153  20.0  86,665,140        
 0001  006      392,991           0          0     392,991  15.0   5,894,865        
___________________________________________________________________________         
              4,726,248                                           92,560,005        
                                                                                    
                       Blended Maximum Useful Life:         19.5                    
                             Original Term of Bond:         16.0                    
               Term based on prior Retro borrowing:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    3,500,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 14 :      339,676                    
                                      Bond Percent:      88.220%                    
 Aidable Debt Service for Amortization Year 6 of 14      299,662                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                3,805,000      
  B. Bond Percent:                                                     88.220%      
  C. Applicable Building Aid Ratio:                                      68.7%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,121,250      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          3,500,000      
  F. State Share Ratio: (D / E)                                          60.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     6,164      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               100,890      
  I. State Share of Variable Costs Aided at 100%:( H * F)               61,139      
  J. Total Principal Added(A - E - G - H):                             197,946      
  K. State Share of Additional Principal Aided at 100% (J * F):        119,955      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                187,259      
  M. Local Share of Variable Costs Aided at State Share (H - I):        39,751      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    598      
  Assumed Debt Service for State Share of Variable Costs:                5,934      
  Assumed Debt Service for State Share of Additional Principal:         11,642      
  Assumed Debt Service for Local Share of Variable Costs: *              3,404      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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