New York State Education Department

State Aid Building - Aidable Debt Service for projects with debt still outstanding as of 7-1-2002

District: BATAVIA CITY SD (180300)

 

180300 BATAVIA CITY SD
Amount Issued: 3,581,000 BLD
Date of Original Issuance: 08 / 31 / 1995

 
Building
Code		 Project
Nunber		 Allowable
Cost		 New Construction
Cost		 Additions
Cost		 Alteration /
Reconstruction
Cost		 Maximum
Project
Life		 Weighted
Useful Life
0005 003 3,777,252 0 2,537,844 1,239,408 18.5 69,879,162
3,777,252 69,879,162
Blended Maximum Useful Life : 18.5
Original Term of Bond : 9.0
Selected Maximum Useful Life : 18.5
Period Prior to 1 July 2002 : 8.0
Sel. Remaining Term for Amortization : 10.5
Principal Outstanding as of July 2002 : 858,750
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 9 of 10.5 : 103,524
Bond Percent : 97.530%
Aidable Debt Service for Amortization Year 9 of 10.5 : 100,967

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 915,000
B. Bond Percent : 97.530%
C. Applicable Building Aid Ratio : 77.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 645,742
E. Amount of Original Principal Refinanced (SA-132A # 4) : 858,750
F. State Share Ratio (D / E) : 75.1%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 1,477
H. Total Variable Costs of Refinancing (SA-132A # 23) : 16,444
I. State Share of Variable Costs Aided at 100% (H * F) : 12,349
J. Total Principal Added (A - E - G - H) : 38,329
K. State Share of Additional Principal Aided at 100% (J * F) : 28,785
L. Total Refinancing Aided at 100% (G + I + K) : 42,612
M. Local Share of Variable Costs Aided at State Share (H - I) : 4,095
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 178
Assumed Debt Service for State Share of Variable Costs : 1,488
Assumed Debt Service for State Share of Additional Principal : 3,470
Assumed Debt Service for Local Share of Variable Costs : * 482
* After application of Bond Percent.

 

180300 BATAVIA CITY SD
Amount Issued: 10,639,390 BLD
Date of Original Issuance: 06 / 03 / 1998

 
Building
Code		 Project
Nunber		 Allowable
Cost		 New Construction
Cost		 Additions
Cost		 Alteration /
Reconstruction
Cost		 Maximum
Project
Life		 Weighted
Useful Life
0002 008 882,000 0 0 882,000 15.0 13,230,000
0005 004 643,000 0 0 643,000 15.0 9,645,000
0007 002 5,565,798 0 2,507,753 3,058,045 17.0 94,618,566
0007 003 889,000 0 0 889,000 15.0 13,335,000
0008 005 683,000 0 0 683,000 15.0 10,245,000
0015 006 1,110,190 0 0 1,110,190 15.0 16,652,850
7999 001 348,000 0 0 348,000 15.0 5,220,000
10,120,988 162,946,416
Blended Maximum Useful Life : 16.0
Original Term of Bond : 10.0
Selected Maximum Useful Life : 16.0
Period Prior to 1 July 2002 : 4.0
Sel. Remaining Term for Amortization : 12.0
Principal Outstanding as of July 2002 : 6,000,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 9 of 12 : 652,563
Bond Percent : 91.362%
Aidable Debt Service for Amortization Year 9 of 12 : 596,194

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 6,568,000
B. Bond Percent : 93.411%
C. Applicable Building Aid Ratio : 77.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 4,321,193
E. Amount of Original Principal Refinanced (SA-132A # 4) : 6,000,000
F. State Share Ratio (D / E) : 72.0%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 10,631
H. Total Variable Costs of Refinancing (SA-132A # 23) : 102,091
I. State Share of Variable Costs Aided at 100% (H * F) : 73,506
J. Total Principal Added (A - E - G - H) : 455,278
K. State Share of Additional Principal Aided at 100% (J * F) : 327,800
L. Total Refinancing Aided at 100% (G + I + K) : 411,937
M. Local Share of Variable Costs Aided at State Share (H - I) : 28,585
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 1,156
Assumed Debt Service for State Share of Variable Costs : 7,994
Assumed Debt Service for State Share of Additional Principal : 35,652
Assumed Debt Service for Local Share of Variable Costs : * 2,903
* After application of Bond Percent.

 

180300 BATAVIA CITY SD
Amount Issued: 1,593,300 BLD-10
Date of Original Issuance: 12 / 02 / 1999

 
Building
Code		 Project
Nunber		 Allowable
Cost		 New Construction
Cost		 Additions
Cost		 Alteration /
Reconstruction
Cost		 Maximum
Project
Life		 Weighted
Useful Life
0005 005 1,593,300 0 0 1,593,300 15.0 23,899,500
1,593,300 23,899,500
Blended Maximum Useful Life : 15.0
Original Term of Bond : 11.0
Selected Maximum Useful Life : 15.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 12.0
Principal Outstanding as of July 2002 : 1,300,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 9 of 12 : 141,389
Bond Percent : 96.504%
Aidable Debt Service for Amortization Year 9 of 12 : 136,446

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 1,491,000
B. Bond Percent : 96.504%
C. Applicable Building Aid Ratio : 87.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 1,092,715
E. Amount of Original Principal Refinanced (SA-132A # 4) : 1,300,000
F. State Share Ratio (D / E) : 84.0%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 2,409
H. Total Variable Costs of Refinancing (SA-132A # 23) : 26,006
I. State Share of Variable Costs Aided at 100% (H * F) : 21,845
J. Total Principal Added (A - E - G - H) : 162,585
K. State Share of Additional Principal Aided at 100% (J * F) : 136,571
L. Total Refinancing Aided at 100% (G + I + K) : 160,825
M. Local Share of Variable Costs Aided at State Share (H - I) : 4,161
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 262
Assumed Debt Service for State Share of Variable Costs : 2,376
Assumed Debt Service for State Share of Additional Principal : 14,854
Assumed Debt Service for Local Share of Variable Costs : * 436
* After application of Bond Percent.

 

 

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