New York State Education Department

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

District: GOWANDA CSD (042801)

 

042801 GOWANDA CSD
Amount Issued: 9,950,000 BLD-10
Date of Original Issuance: 04 / 25 / 2001

 

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

0001 004 20,320,662 0 13,210,173 7,110,489 18.0 365,771,916
0006 002 8,550,786 0 5,958,885 2,591,901 18.5 158,189,541
5004 001 828,552 0 728,397 100,155 19.5 16,156,764


29,700,000 540,118,221

Blended Maximum Useful Life : 18.0
Original Term of Bond : 20.0
Selected Maximum Useful Life : 20.0
Period Prior to 1 July 2002 : 2.5
Sel. Remaining Term for Amortization : 17.0
Remaining Life as of July 2017 : 2.0
Principal Outstanding as of July 2017 : 1,533,671
Interest Rate : 5.272%
Debt Service for Amortization Year 16 of 17 : 818,031
Bond Percent : 98.296%
Aidable Debt Service for Amortization Year 16 of 17 : 804,092

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 9,446,000
B. Bond Percent : 95.248%
C. Applicable Building Aid Ratio : 94.2%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 8,173,821
E. Amount of Original Principal Refinanced (SA-132A # 4) : 9,110,000
F. State Share Ratio (D / E) : 89.7%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 17,755
H. Total Variable Costs of Refinancing (SA-132A # 23) : 111,980
I. State Share of Variable Costs Aided at 100% (H * F) : 100,446
J. Total Principal Added (A - E - G - H) : 206,265
K. State Share of Additional Principal Aided at 100% (J * F) : 185,020
L. Total Refinancing Aided at 100% (G + I + K) : 303,221
M. Local Share of Variable Costs Aided at State Share (H - I) : 11,534
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 1,594
Assumed Debt Service for State Share of Variable Costs : 9,020
Assumed Debt Service for State Share of Additional Principal : 16,614
Assumed Debt Service for Local Share of Variable Costs : * 986
* After application of Bond Percent.

 

042801 GOWANDA CSD
Amount Issued: 2,646,715 BLD-10
Date of Original Issuance: 04 / 15 / 2003

 

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

0001 004 20,320,662 0 13,210,173 7,110,489 18.0 365,771,916
0006 002 8,550,786 0 5,958,885 2,591,901 18.5 158,189,541
5004 001 828,552 0 728,397 100,155 19.5 16,156,764


29,700,000 540,118,221

Blended Maximum Useful Life : 18.0
Original Term of Bond : 19.5
Selected Maximum Useful Life : 19.5
Period Prior to 1 July 2002 : 2.5
Sel. Remaining Term for Amortization : 17.0
Remaining Life as of July 2017 : 2.0
Principal Outstanding as of July 2017 : 424,692
Interest Rate : 4.500%
Debt Service for Amortization Year 16 of 17 : 224,423
Bond Percent : 98.296%
Aidable Debt Service for Amortization Year 16 of 17 : 220,599

 

 

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