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<br />~ <br /> <br />UNCOLLECTED ASSESSMENTS FORMULA <br /> <br />City of Roseville <br />Public Works Department <br />2660 civic Center Drive <br />Roseville, Minnesota 55113 <br /> <br />Lump Sum Payment for unpaid principal and accrued interest prior to <br />completion of bond series. NOTE: This formula assumed principal <br />diminishes in equal amount each year on reduced principal amount. <br /> <br />S = final sum owed <br />p = principal debt <br />i = interest rate <br />n = number of yr/bond <br />N = number of yr/elapsed <br /> <br />Pin Number <br /> <br />3-29-23-33-0004 <br /> <br />Legal: Lot 2 Block 2 Venture Addition <br /> <br />project <br /> <br />Watermain 64-4 <br /> <br />- <br /> <br />? East Snelling Frontage Rd <br /> <br />Address <br /> <br />S = P + P + ~ - (N - 1) ;1" X N i <br />2 <br /> <br />Principle = $350.00 <br />Interest rate = 5% <br />Years in bond = 20 <br />Years elapsed = 20 <br />Interest total = $183.75 <br />Total Sum Owed = $533.75 ** 611 water service <br /> <br />Calculated By _Doug Strong <br /> <br />Date <br /> <br />October 18, 1989 <br />