New York State Education Department

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

District: OLEAN CITY SCHOOL DISTRICT (042400)

 

042400 OLEAN CITY SCHOOL DISTRICT
Amount Issued: 2,877,120 BLD-10
Date of Original Issuance: 12 / 21 / 2000

 

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

0001 004 26,752,000 0 16,272,469 10,479,531 18.0 481,536,000
0005 004 625,841 0 0 625,841 15.0 9,387,615
0006 004 545,793 0 0 545,793 15.0 8,186,895
0009 003 876,961 0 0 876,961 15.0 13,154,415
0011 003 565,117 0 0 565,117 15.0 8,476,755
0012 005 656,588 0 0 656,588 15.0 9,848,820


30,022,300 530,590,500

Blended Maximum Useful Life : 17.5
Original Term of Bond : 11.0
Term based on prior Retro borrowing : 18.0
Selected Maximum Useful Life : 18.0
Period Prior to 1 July 2002 : 2.0
Sel. Remaining Term for Amortization : 16.0
Remaining Life as of July 2017 : 1.0
Principal Outstanding as of July 2017 : 185,862
Interest Rate : 4.500%
Debt Service for Amortization Year 16 of 16 : 192,158
Bond Percent : 99.715%
Aidable Debt Service for Amortization Year 16 of 16 : 191,610

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 2,275,000
B. Bond Percent : 100.000%
C. Applicable Building Aid Ratio : 93.2%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 2,027,100
E. Amount of Original Principal Refinanced (SA-132A # 4) : 2,175,000
F. State Share Ratio (D / E) : 93.2%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 1,752
H. Total Variable Costs of Refinancing (SA-132A # 23) : 29,422
I. State Share of Variable Costs Aided at 100% (H * F) : 27,421
J. Total Principal Added (A - E - G - H) : 68,826
K. State Share of Additional Principal Aided at 100% (J * F) : 64,146
L. Total Refinancing Aided at 100% (G + I + K) : 93,319
M. Local Share of Variable Costs Aided at State Share (H - I) : 2,001
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 155
Assumed Debt Service for State Share of Variable Costs : 2,422
Assumed Debt Service for State Share of Additional Principal : 5,667
Assumed Debt Service for Local Share of Variable Costs : * 177
* After application of Bond Percent.

 

 

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