280523 MASSAPEQUA UFSD ****************************************************************************** Amount Issued: 15,000,000 BLD-10 Date of Original Issuance: 02-Mar-99 __________________________________________________________________________ New Alt./ Max. Weighted Bldg Proj Allowable Constr. Additions Reconstr Projec Useful . . Cost Cost Cost Cost t Life Life __________________________________________________________________________ 0001 013 521,349 0 0 521,349 15.0 7,820,235 0001 015 1,230,392 0 0 1,230,392 15.0 18,455,880 0003 015 616,189 0 0 616,189 15.0 9,242,835 0004 022 886,340 0 0 886,340 15.0 13,295,100 0006 012 550,797 0 0 550,797 15.0 8,261,955 0007 019 1,024,159 0 0 1,024,159 15.0 15,362,385 0008 020 896,566 0 0 896,566 15.0 13,448,490 0008 021 859,351 0 0 859,351 15.0 12,890,265 0009 007 607,270 0 0 607,270 15.0 9,109,050 0009 010 3,041,797 0 0 3,041,797 15.0 45,626,955 0010 022 1,558,538 0 0 1,558,538 15.0 23,378,070 0011 019 1,996,093 0 0 1,996,093 15.0 29,941,395 0011 020 1,940,495 0 0 1,940,495 15.0 29,107,425 ___________________________________________________________________________ 15,729,336 235,940,040 ____ Blended Maximum Useful Life: 15.0 Original Term of Bond: 14.0 Selected Maximum Useful Life: 15.0 Period Prior to 1 July 2002: 3.0 Sel. Remaining Term for Amortization: 12.0 Principal Outstanding as of July 2002: 12,550,000 Assumed Interest Rate: 4.500% Debt Service for Amortization Year 6 of 12 : 1,364,944 Bond Percent: 93.578% Aidable Debt Service for Amortization Year 6 of 12 1,277,287 ****************************************************************************** Amount Issued: 34,980,000 BLD-10 Date of Original Issuance: 22-Feb-00 __________________________________________________________________________ New Alt./ Max. Weighted Bldg Proj Allowable Constr. Additions Reconstr Projec Useful . . Cost Cost Cost Cost t Life Life __________________________________________________________________________ 0001 016 2,940,503 0 0 2,940,503 15.0 44,107,545 0003 016 2,982,178 0 0 2,982,178 15.0 44,732,670 0004 023 2,710,139 0 0 2,710,139 15.0 40,652,085 0006 013 1,883,855 0 0 1,883,855 15.0 28,257,825 0007 020 2,830,496 0 0 2,830,496 15.0 42,457,440 0008 022 3,319,865 0 0 3,319,865 15.0 49,797,975 0010 023 8,516,749 0 0 8,516,749 15.0 127,751,235 0011 021 5,751,299 0 0 5,751,299 15.0 86,269,485 ___________________________________________________________________________ 30,935,084 464,026,260 Blended Maximum Useful Life: 15.0 Original Term of Bond: 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: 32,515,000 Assumed Interest Rate: 5.489% Debt Service for Amortization Year 6 of 14 : 3,358,308 Bond Percent: 93.578% Aidable Debt Service for Amortization Year 6 of 14 3,142,637 Additional Costs Attributable to Refinancing ____________________________________________ A. Total Amount of Refinancing Issued (SA-132A #7): 34,815,629 B. Bond Percent: 93.727% C. Applicable Building Aid Ratio: 63.3% D. State Share of Outstanding Principal (SA132-A #3 * B * C): 19,290,886 E. Amount of Original Principal Refinanced: (SA132-A # 4) 32,515,000 F. State Share Ratio: (D / E) 59.3% G. Total Fixed Costs Aided at 100% (SA132-A # 13): 37,685 H. Total Variable Costs of Refinancing (SA132-A # 23): 353,029 I. State Share of Variable Costs Aided at 100%:( H * F) 209,346 J. Total Principal Added(A - E - G - H): 1,909,915 K. State Share of Additional Principal Aided at 100% (J * F): 1,132,580 L. Total Refinancing Costs Aided at 100% (G + I + K): 1,379,611 M. Local Share of Variable Costs Aided at State Share (H - I): 143,683 Assumed Aidable Debt Service for Refinancing ____________________________________________ Assumed Debt Service for Fixed Costs: 3,892 Assumed Debt Service for State Share of Variable Costs: 21,622 Assumed Debt Service for State Share of Additional Principal: 116,978 Assumed Debt Service for Local Share of Variable Costs: * 13,909 * After application of Bond Percent. ****************************************************************************** End of Report

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