New York State Education Department

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

District: LAKE PLEASANT CSD (200601)

 

200601 LAKE PLEASANT CSD
Amount Issued: 5,304,000 BLD-10
Date of Original Issuance: 09 / 20 / 2001

 

Building
Code
Project
Nunber
Allowable
Cost
New Construction
Cost
Additions
Cost
Alteration /
Reconstruction
Cost
Maximum
Project
Life
Weighted
Useful Life

0007 001 6,675,723 6,675,723 0 0 30.0 200,271,690


6,675,723 200,271,690

Blended Maximum Useful Life : 30.0
Original Term of Bond : 30.0
Term based on prior Retro borrowing : 30.0
Selected Maximum Useful Life : 30.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 27.0
Principal Outstanding as of July 2002 : 5,304,000
Assumed Interest Rate : 5.212%
Debt Service for Amortization Year 11 of 27 : 368,231
Bond Percent : 87.882%
Aidable Debt Service for Amortization Year 11 of 27 : 323,608

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 829,000
B. Bond Percent : 87.882%
C. Applicable Building Aid Ratio : 15.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 703,850
E. Amount of Original Principal Refinanced (SA-132A # 4) : 5,304,000
F. State Share Ratio (D / E) : 13.2%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 10,673
H. Total Variable Costs of Refinancing (SA-132A # 23) : 72,855
I. State Share of Variable Costs Aided at 100% (H * F) : 9,617
J. Total Principal Added (A - E - G - H) : 0
K. State Share of Additional Principal Aided at 100% (J * F) : 0
L. Total Refinancing Aided at 100% (G + I + K) : 20,290
M. Local Share of Variable Costs Aided at State Share (H - I) : 63,238
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 740
Assumed Debt Service for State Share of Variable Costs : 668
Assumed Debt Service for State Share of Additional Principal : 0
Assumed Debt Service for Local Share of Variable Costs : * 3,858
* After application of Bond Percent.

 

200601 LAKE PLEASANT CSD
Amount Issued: 1,024,000 BLD3
Date of Original Issuance: 09 / 21 / 2001

 

Building
Code
Project
Nunber
Allowable
Cost
New Construction
Cost
Additions
Cost
Alteration /
Reconstruction
Cost
Maximum
Project
Life
Weighted
Useful Life

0007 001 6,675,723 6,675,723 0 0 30.0 200,271,690


6,675,723 200,271,690

Blended Maximum Useful Life : 30.0
Original Term of Bond : 30.0
Term based on prior Retro borrowing : 30.0
Selected Maximum Useful Life : 30.0
Period Prior to 1 July 2002 : 1.0
Sel. Remaining Term for Amortization : 29.0
Principal Outstanding as of July 2002 : 1,024,000
Assumed Interest Rate : 5.167%
Debt Service for Amortization Year 11 of 29 : 68,516
Bond Percent : 87.882%
Aidable Debt Service for Amortization Year 11 of 29 : 60,214

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 138,000
B. Bond Percent : 87.882%
C. Applicable Building Aid Ratio : 10.0%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 89,991
E. Amount of Original Principal Refinanced (SA-132A # 4) : 1,024,000
F. State Share Ratio (D / E) : 8.7%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 1,777
H. Total Variable Costs of Refinancing (SA-132A # 23) : 12,141
I. State Share of Variable Costs Aided at 100% (H * F) : 1,056
J. Total Principal Added (A - E - G - H) : 0
K. State Share of Additional Principal Aided at 100% (J * F) : 0
L. Total Refinancing Aided at 100% (G + I + K) : 2,833
M. Local Share of Variable Costs Aided at State Share (H - I) : 11,085
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 118
Assumed Debt Service for State Share of Variable Costs : 70
Assumed Debt Service for State Share of Additional Principal : 0
Assumed Debt Service for Local Share of Variable Costs : * 652
* After application of Bond Percent.

 

 

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