FY27 Proposed Budget

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

Principal Outstanding Beginning of Fiscal Year

Payments

Tax Increment Financing

Coupon Rate *

Fiscal Year

Principal

Interest

Total

2026

950,000

269,250 1,219,250

1,219,250

8,975,000 3.00% 8,025,000 3.00% *

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

8,025,000

- - - - - - - - - -

8,025,000 8,025,000

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

3.00% * 3.00% * 3.00% * 3.00% * 3.00% * 3.00% * 3.00% * 3.00% * 3.00% *

Totals

8,975,000

269,250 9,244,250

9,244,250

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%

Project

Amount

Chauncey Building Project

$ 12,097,250

Capitalized Interest

657,323

Issuance Costs

50,427

Amount of Issue

$ 12,805,000

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