472506 WORCESTER CSD
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Amount Issued: 993,622 BLD
Date of Original Issuance: 02-Jun-98
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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 004 1,093,622 0 0 1,093,622 15.0 16,404,330
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1,093,622 16,404,330
____ Blended Maximum Useful Life: 15.0
Original Term of Bond: 10.0
Selected Maximum Useful Life: 15.0
Period Prior to 1 July 2002: 5.0
Sel. Remaining Term for Amortization: 10.0
Principal Outstanding as of July 2002: 500,000
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 10 : 62,642
Bond Percent: 100.000%
Aidable Debt Service for Amortization Year 6 of 10 62,642
Additional Costs Attributable to Refinancing
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A. Total Amount of Refinancing Issued (SA-132A #7): 565,000
B. Bond Percent: 100.000%
C. Applicable Building Aid Ratio: 80.8%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 404,000
E. Amount of Original Principal Refinanced: (SA132-A # 4) 500,000
F. State Share Ratio: (D / E) 80.8%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 3,700
H. Total Variable Costs of Refinancing (SA132-A # 23): 32,592
I. State Share of Variable Costs Aided at 100%:( H * F) 26,334
J. Total Principal Added(A - E - G - H): 28,708
K. State Share of Additional Principal Aided at 100% (J * F): 23,196
L. Total Refinancing Costs Aided at 100% (G + I + K): 53,230
M. Local Share of Variable Costs Aided at State Share (H - I): 6,258
Assumed Aidable Debt Service for Refinancing
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Assumed Debt Service for Fixed Costs: 464
Assumed Debt Service for State Share of Variable Costs: 3,300
Assumed Debt Service for State Share of Additional Principal: 2,906
Assumed Debt Service for Local Share of Variable Costs: * 784
* After application of Bond Percent.
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End of Report
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