New York State Education Department

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

District: YORKSHIRE-PIONEER CSD (043501)

 

043501 YORKSHIRE-PIONEER CSD
Amount Issued: 3,395,000 BLD-10
Date of Original Issuance: 05 / 31 / 2001

 

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

0001 007 761,023 0 0 761,023 15.0 11,415,345
0014 006 2,738,977 0 0 2,738,977 15.0 41,084,655


3,500,000 52,500,000

Blended Maximum Useful Life : 15.0
Original Term of Bond : 10.0
Selected Maximum Useful Life : 15.0
Period Prior to 1 July 2002 : 1.0
Sel. Remaining Term for Amortization : 14.0
Principal Outstanding as of July 2002 : 2,625,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 14 of 14 : 254,758
Bond Percent : 87.537%
Aidable Debt Service for Amortization Year 14 of 14 : 223,007

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 2,720,000
B. Bond Percent : 99.916%
C. Applicable Building Aid Ratio : 95.0%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 2,491,655
E. Amount of Original Principal Refinanced (SA-132A # 4) : 2,625,000
F. State Share Ratio (D / E) : 94.9%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 3,336
H. Total Variable Costs of Refinancing (SA-132A # 23) : 54,062
I. State Share of Variable Costs Aided at 100% (H * F) : 51,305
J. Total Principal Added (A - E - G - H) : 37,602
K. State Share of Additional Principal Aided at 100% (J * F) : 35,684
L. Total Refinancing Aided at 100% (G + I + K) : 90,325
M. Local Share of Variable Costs Aided at State Share (H - I) : 2,757
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 324
Assumed Debt Service for State Share of Variable Costs : 4,980
Assumed Debt Service for State Share of Additional Principal : 3,464
Assumed Debt Service for Local Share of Variable Costs : * 268
* After application of Bond Percent.

 

 

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