New York State Education Department

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

District: LINDENHURST UFSD (580104)

 

580104 LINDENHURST UFSD
Amount Issued: 20,000,000 BLD-10
Date of Original Issuance: 07 / 01 / 1999

 

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

0002 010 3,800,311 0 3,800,311 0 20.0 76,006,220
0002 012 1,398,531 0 0 1,398,531 15.0 20,977,965
0002 014 1,317,510 0 0 1,317,510 15.0 19,762,650
0004 007 1,155,489 0 759,336 396,153 18.5 21,376,547
0004 009 442,778 0 0 442,778 15.0 6,641,670
0005 009 452,030 0 0 452,030 15.0 6,780,450
0006 012 573,629 0 0 573,629 15.0 8,604,435
0007 008 839,415 0 757,320 82,095 19.5 16,368,593
0007 010 511,508 0 0 511,508 15.0 7,672,620
0009 011 4,862,850 0 1,324,306 3,538,544 16.5 80,237,025
0010 006 532,655 0 0 532,655 15.0 7,989,825
0011 007 519,438 0 0 519,438 15.0 7,791,570
0012 007 461,315 0 0 461,315 15.0 6,919,725


16,867,459 287,129,294

Blended Maximum Useful Life : 17.0
Original Term of Bond : 19.0
Selected Maximum Useful Life : 19.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 16.0
Principal Outstanding as of July 2002 : 19,035,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 15 of 16 : 1,681,710
Bond Percent : 91.557%
Aidable Debt Service for Amortization Year 15 of 16 : 1,539,723

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 15,155,000
B. Bond Percent : 92.254%
C. Applicable Building Aid Ratio : 79.3%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 13,925,515
E. Amount of Original Principal Refinanced (SA-132A # 4) : 13,351,228
F. State Share Ratio (D / E) : 100.0%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 11,775
H. Total Variable Costs of Refinancing (SA-132A # 23) : 285,141
I. State Share of Variable Costs Aided at 100% (H * F) : 285,141
J. Total Principal Added (A - E - G - H) : 1,506,856
K. State Share of Additional Principal Aided at 100% (J * F) : 1,506,856
L. Total Refinancing Aided at 100% (G + I + K) : 1,803,772
M. Local Share of Variable Costs Aided at State Share (H - I) : 0
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 1,040
Assumed Debt Service for State Share of Variable Costs : 25,192
Assumed Debt Service for State Share of Additional Principal : 133,128
Assumed Debt Service for Local Share of Variable Costs : * 0
* After application of Bond Percent.

 

 

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