FY24 Adopted Budget

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

2023 2024 2025 2026

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

355,200 1,315,200 326,400 1,281,400 297,750 1,247,750 269,250 1,219,250 240,750 1,065,750

1,315,200 11,840,000 1,281,400 10,880,000

3.00% 3.00%

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

9,925,000 3.00% 8,975,000 3.00% 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% *

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

216,000 194,250 172,050 149,400 126,150 102,300 77,850 52,650 26,700

941,000 934,250 927,050 924,400 921,150 917,300 917,850 917,650 916,700

Totals

11,840,000 2,990,850

15,795,850 15,795,850

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 50,427

Issuance Costs

Amount of Issue

$ 12,805,000

430