New York State Education Department

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

District: NEW YORK MILLS UFSD (411504)

 

411504 NEW YORK MILLS UFSD
Amount Issued: 5,518,466 BLD-10
Date of Original Issuance: 07 / 15 / 2000

 

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

0002 005 5,166,000 0 2,997,000 2,169,000 18.0 92,988,000
0005 002 397,800 0 65,500 332,300 16.0 6,364,800
5003 002 60,800 0 0 60,800 15.0 912,000


5,624,600 100,264,800

Blended Maximum Useful Life : 18.0
Original Term of Bond : 19.0
Selected Maximum Useful Life : 19.0
Period Prior to 1 July 2002 : 2.0
Sel. Remaining Term for Amortization : 17.0
Principal Outstanding as of July 2002 : 4,625,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 15 of 17 : 392,168
Bond Percent : 99.637%
Aidable Debt Service for Amortization Year 15 of 17 : 390,744

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 5,020,000
B. Bond Percent : 99.637%
C. Applicable Building Aid Ratio : 63.1%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 2,907,781
E. Amount of Original Principal Refinanced (SA-132A # 4) : 4,400,000
F. State Share Ratio (D / E) : 66.0%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 11,775
H. Total Variable Costs of Refinancing (SA-132A # 23) : 128,451
I. State Share of Variable Costs Aided at 100% (H * F) : 84,778
J. Total Principal Added (A - E - G - H) : 479,774
K. State Share of Additional Principal Aided at 100% (J * F) : 316,651
L. Total Refinancing Aided at 100% (G + I + K) : 413,204
M. Local Share of Variable Costs Aided at State Share (H - I) : 43,673
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 998
Assumed Debt Service for State Share of Variable Costs : 7,188
Assumed Debt Service for State Share of Additional Principal : 26,850
Assumed Debt Service for Local Share of Variable Costs : * 3,691
* After application of Bond Percent.

 

 

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