New York State Education Department

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

District: FREDONIA CSD (062201)

 

062201 FREDONIA CSD
Amount Issued: 4,000,000 BLD-10
Date of Original Issuance: 02 / 08 / 2001

 

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

0009 009 26,612,510 0 15,213,220 11,399,290 18.0 479,025,180


26,612,510 479,025,180

Blended Maximum Useful Life : 18.0
Original Term of Bond : 20.0
Selected Maximum Useful Life : 20.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 17.0
Remaining Life as of July 2017 : 2.0
Principal Outstanding as of July 2017 : 618,672
Interest Rate : 5.272%
Debt Service for Amortization Year 16 of 17 : 329,986
Bond Percent : 97.387%
Aidable Debt Service for Amortization Year 16 of 17 : 321,364

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 4,143,378
B. Bond Percent : 100.000%
C. Applicable Building Aid Ratio : 92.7%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 3,406,725
E. Amount of Original Principal Refinanced (SA-132A # 4) : 3,675,000
F. State Share Ratio (D / E) : 92.7%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 23,992
H. Total Variable Costs of Refinancing (SA-132A # 23) : 93,052
I. State Share of Variable Costs Aided at 100% (H * F) : 86,259
J. Total Principal Added (A - E - G - H) : 351,334
K. State Share of Additional Principal Aided at 100% (J * F) : 325,687
L. Total Refinancing Aided at 100% (G + I + K) : 435,938
M. Local Share of Variable Costs Aided at State Share (H - I) : 6,793
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 2,154
Assumed Debt Service for State Share of Variable Costs : 7,745
Assumed Debt Service for State Share of Additional Principal : 29,244
Assumed Debt Service for Local Share of Variable Costs : * 610
* After application of Bond Percent.

 

062201 FREDONIA CSD
Amount Issued: 29,494,000 BLD-10
Date of Original Issuance: 12 / 04 / 2001

 

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

0001 007 6,881,490 0 3,840,735 3,040,755 18.0 123,866,820
0009 009 26,612,510 0 15,213,220 11,399,290 18.0 479,025,180


33,494,000 602,892,000

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
Remaining Life as of July 2017 : 2.0
Principal Outstanding as of July 2017 : 4,605,200
Interest Rate : 4.500%
Debt Service for Amortization Year 16 of 17 : 2,433,562
Bond Percent : 97.387%
Aidable Debt Service for Amortization Year 16 of 17 : 2,369,973

 

 

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