FY 18 Annual Report

2018 SRF - W 4th Ave Sewer Separation Phase II

Principal payable 6/1, beginning June 1, 2019. Interest payable 6/1 and 12/1, beginning June 1, 2018. Estimated Original Principal Amount: $1,508,000 Borrowed Principal Amount through June 30, 2018: $167,387.65

These bonds were issued through the Iowa Finance Authority's State Revolving Loan Fund for the 4th Avenue West Storm Sewer Separation Project - Phase II. The final amount of principal borrowed, as well as the final amortization schedule will be determined once the project is complete.

Principal and Interest Outstanding (Estimated)

Principal Outstanding Beginning of Fiscal Year

Payments

Paid from Property Tax Revenue

FISCAL YEAR

Coupon Rate

Principal

Interest

Total

2020 2019 2021 2024 2023 2022 2025 2028 2027 2026 2029 2032 2031 2030 2033 2036 2035 2034 2037 2038

1,000

26,373 21,834 25,218 21,613 22,838 24,045 20,370 16,468 17,798 19,093 15,120 10,885 12,320 13,738

92,373 22,834 92,218 92,613 92,838 93,045 93,370 93,468 93,798 93,093 94,120 94,885 94,320 94,738 94,415 95,848 95,405 94,928 95,255 95,645

- - - - - - - - - - - - - - - - - - - -

1,508,000.00 1,507,000.00 1,441,000.00 1,235,000.00 1,305,000.00 1,374,000.00 1,164,000.00 941,000.00 1,017,000.00 1,091,000.00 864,000.00 622,000.00 704,000.00 785,000.00 538,000.00 277,000.00 366,000.00 453,000.00 186,000.00 94,000.00

1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75%

66,000 67,000 71,000 70,000 69,000 73,000 77,000 76,000 74,000 79,000 84,000 82,000 81,000 85,000 91,000 89,000 87,000 92,000 94,000

4,848 6,405 7,928 9,415 3,255 1,645

Totals as of 6/30/2018

1,508,000.00

301,204.13

1,809,204.13

-

Bonds MAY be subject to early redemption with prior approval of the Iowa Finance Authority.

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