FY2022

2016E Taxable Urban Renewal Capital Loan Notes Principal: $12,805,000 Dated: September 15, 2016 Callable: June 1, 2026, 2029, 2032, 2035 Payments Tax

Principal Outstanding Beginning of Fiscal Year

Coupon Rate *

Increment Financing

Fiscal Year

Principal

Interest

Total

2021 2022 2023 2024 2025 2026

-

384,150 384,150 355,200 326,400 297,750 269,250 240,750 216,000 194,250 172,050 149,400 126,150 102,300 77,850 52,650 26,700

384,150 1,349,150 1,315,200 1,281,400 1,247,750 1,219,250 1,065,750 941,000 934,250 927,050 924,400 921,150 917,300 917,850 917,650 916,700

384,150 1,349,150 1,315,200 1,281,400 1,247,750 1,219,250 1,065,750 941,000 934,250 927,050 924,400 921,150 917,300 917,850 917,650 916,700

12,805,000 12,805,000 11,840,000 10,880,000 9,925,000 8,975,000

3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

965,000 960,000 955,000 950,000 950,000 825,000 725,000 740,000 755,000 775,000 795,000 815,000 840,000 865,000 890,000

2027 * 2028 * 2029 * 2030 * 2031 * 2032 * 2033 * 2034 * 2035 * 2036 *

8,025,000 3.00% * 7,200,000 3.00% * 6,475,000 3.00% * 5,735,000 3.00% * 4,980,000 3.00% * 4,205,000 3.00% * 3,410,000 3.00% * 2,595,000 3.00% * 1,755,000 3.00% * 890,000 3.00% *

Totals

12,805,000

3,375,000

16,180,000

16,180,000

Principal payable June 1. Interest payable June 1 and December 1.

* Rate resets on June 1, 2026 at 10 year CMT plus 1.65% with a cap of 6%

Amount

Project

Chauncey Building Project

12,097,250 $

Capitalized Interest

657,323

Issuance Costs

50,427

Amount of Issue

12,805,000 $

361