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7. Revolving Assessment Construction Fund
2005 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Project Cost (Street Only)3,275,000 1,600,000 1,100,000 3,300,000 1,100,000 1,900,000 1,976,000 2,055,040 2,137,242 2,222,731 2,311,641 2,404,106 2,500,270 2,600,281 Assessments 40%(1,310,000) (640,000) (440,000) (1,320,000) (440,000) (760,000) (790,400) (822,016) (854,897) (889,093) (924,656) (961,642) (1,000,108) (1,040,112) City Share 1,965,000 960,000 660,000 1,980,000 660,000 1,140,000 1,185,600 1,233,024 1,282,345 1,333,639 1,386,984 1,442,464 1,500,162 1,560,169 Other project CostsTenn Courts &750,000 (150,000) Tsfs in 474,751 194,751 194,751 Fund Bal - BOY Estimate for 2016****2,689,263 990,081 1,593,678 1,774,850 (341,455) (164,782) (349,719) (582,360) (895,606) (1,208,118) (1,688,262) (2,230,517) (2,807,301) (3,551,856) Levy - From Debt Levy Schedule 384,838 384,838 381,223 378,523 371,238 832,635 834,235 830,935 829,035 827,435 825,935 819,435 818,435 818,435 Reduction for Other purposes Repayment 696,815 842,759 820,397 811,868 908,665 889,285 920,543 928,420 1,019,383 948,255 987,186 1,062,932 1,006,925 1,094,464 Project Costs (3,275,000) (1,600,000) (1,100,000) (3,300,000) (1,100,000) (1,900,000) (1,976,000) (2,055,040) (2,137,242) (2,222,731) (2,311,641) (2,404,106) (2,500,270) (2,600,281) Investable Balance 970,667 1,562,429 1,740,049 (334,760) (161,551) (342,862) (570,941) (878,045) (1,184,429) (1,655,159) (2,186,782) (2,752,256) (3,482,212) (4,239,238) MVHC Street Levy & Tsf Interest 19,413 31,249 34,801 (6,695) (3,231) (6,857) (11,419) (17,561) (23,689) (33,103) (43,736) (55,045) (69,644) (84,785) Fund Bal - EOY 990,081 1,593,678 1,774,850 (341,455) (164,782) (349,719) (582,360) (895,606) (1,208,118) (1,688,262) (2,230,517) (2,807,301) (3,551,856) (4,324,023) Repayment Schedule 8 yr assmt @ 5.25% Project Year 2005 2006 2007 2008 2009 58,795 2010 122,387 122,387 2011 77,297 77,297 77,297 2012 109,504 109,504 109,504 109,504 2013 $88,147 $88,147 $88,147 $88,147 $88,147 2014 $87,522 $87,522 $87,522 $87,522 $87,522 $87,522 2015 $115,654 $115,654 $115,654 $115,654 $115,654 $115,654 $115,654 2016 $37,509 $37,509 $37,509 $37,509 $37,509 $37,509 $37,509 $37,509 2017 $204,739 $204,739 $204,739 $204,739 $204,739 $204,739 $204,739 $204,739 2018 $100,025 $100,025 $100,025 $100,025 $100,025 $100,025 $100,025 $100,025 2019 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 2020 $206,302 $206,302 $206,302 $206,302 $206,302 $206,302 $206,302 $206,302 2021 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 $68,767 2022 $118,780 $118,780 $118,780 $118,780 $118,780 $118,780 $118,780 $118,780 2023 $123,531 $123,531 $123,531 $123,531 $123,531 $123,531 $123,531 2024 $128,472 $128,472 $128,472 $128,472 $128,472 $128,472 2025 $133,611 $133,611 $133,611 $133,611 $133,611 2026 $138,956 $138,956 $138,956 $138,956 2027 $144,514 $144,514 $144,514 2028 $150,294 $150,294 2029 $156,306 2030 Revolving Assessment Fund