New York State Education Department

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

District: WESTFIELD CSD (062901)

 

062901 WESTFIELD CSD
Amount Issued: 2,153,620 BLD
Date of Original Issuance: 05 / 15 / 1998

 

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

0001 008 2,426,275 0 1,602,003 824,272 18.5 44,886,088


2,426,275 44,886,088

Blended Maximum Useful Life : 18.5
Original Term of Bond : 10.0
Selected Maximum Useful Life : 18.5
Period Prior to 1 July 2002 : 4.0
Sel. Remaining Term for Amortization : 14.5
Principal Outstanding as of July 2002 : 1,350,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 15 of 14.5 : 127,766
Bond Percent : 99.989%
Aidable Debt Service for Amortization Year 15 of 14.5 : 63,876

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 1,428,200
B. Bond Percent : 99.989%
C. Applicable Building Aid Ratio : 82.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 1,108,228
E. Amount of Original Principal Refinanced (SA-132A # 4) : 1,350,000
F. State Share Ratio (D / E) : 82.0%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 2,206
H. Total Variable Costs of Refinancing (SA-132A # 23) : 29,067
I. State Share of Variable Costs Aided at 100% (H * F) : 23,835
J. Total Principal Added (A - E - G - H) : 46,927
K. State Share of Additional Principal Aided at 100% (J * F) : 38,480
L. Total Refinancing Aided at 100% (G + I + K) : 64,521
M. Local Share of Variable Costs Aided at State Share (H - I) : 5,232
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 104
Assumed Debt Service for State Share of Variable Costs : 1,128
Assumed Debt Service for State Share of Additional Principal : 1,821
Assumed Debt Service for Local Share of Variable Costs : * 248
* After application of Bond Percent.

 

 

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