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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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6/16/2014 11:02:33 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
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6/16/2014
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10B Action 2014 0616
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9 <br />Sources and Uses of Funds <br />Issuance Assumptions <br />Delivery Date 10/15/2014 <br />Final Maturity 9/1/2034 <br />Series 2014 Refunding Par $ 13,355,000 <br />Series 2002 Par Refunded 10,375,000 <br />Series 2004 Par Refunded 4,720,000 <br />Estimated Sources and Uses <br />Sources: <br />Par Amount $ 13,355,000 <br />Original Issue Premium 673,887 <br />2002 Escrow Fund Release 1,427,880 <br />2002 DSRF Release 1,130,063 <br />2004 DSRF Release 400,817 <br />Total Sources: $ 16,987,647 <br />Uses: <br />Escrow Deposit $ 15,270,965 <br />Debt Service Reserve Fund 1,275,406 <br />Costs of Issuance 369,321 <br />Underwriter's Discount 71,955 <br />Total Uses: $ 16,987,647
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