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<br />.' <br /> <br />City of Centerville, MN <br />Street Management Plan - General Obligation Bonding Scenarios <br /> <br />The following scenatios reflect the City financing the 2004 and 2006 Reconstruction Projects along with the 2004 <br />Mill and Overlay Projects as one bond issue. The 2008 Reconstruction Projects are not included in the bond. <br /> <br />Local Debt Service Revenue Assumotions <br />City Funds - Ad valorem (property) taxes and I Qr other funds - not to exceed $250,000 per year <br />Special Assessments - Assessments against benefitting property owners - $936,139 assessed over the term of <br />the bond scenario at an assessment interest rate of 2.00% over the average coupon rate that the City borrows at. <br /> <br />G.O. Improvement <br />Bonds 10-year <br />term <br /> <br />G.O. Improvement <br />Bonds 15-year <br />term <br /> <br />Bond Size <br /> <br />$2,595,000 $2,605,000 <br />3.84% 4.43% <br />$218,500 $161,500 <br />$936,139 $936,139 <br />10 years 15 vears <br />5.84% 6.43% <br />$319,923 $243,610 <br /> <br />Average Interest rate <br /> <br />Annual City amount <br />(property taxes & other revenues) <br /> <br />Special Assessment Principal <br /> <br />Special Assessment Term <br /> <br />Special Assessment Interest Rate <br /> <br />Average annual debt service <br /> <br />Northland Securities 10/21/2003 <br />