4/24/12 - Barnegat Township School District
4/24/12 - Barnegat Township School District
4/24/12 - Barnegat Township School District
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Total Project Costs 4,135,000.00<br />
Repayment Term (semi.) 30<br />
Interest Rate 2.94%<br />
Closing/Funding Date (est.) 5/20/<strong>12</strong><br />
Average Life 9.538<br />
Pmt. Year Payment Funding Payment Interest Principal Outstanding<br />
No. No. Date Amount Amount Portion Portion Balance<br />
0 0 5/10/20<strong>12</strong> 4,135,000.00 0.00 0.00 0.00 4,135,000.00<br />
1 1 11/1/20<strong>12</strong> 57,745.28 57,745.28 0.00 4,135,000.00<br />
2 1 5/1/2013 105,784.50 60,784.50 45,000.00 4,090,000.00<br />
3 2 11/1/2013 60,<strong>12</strong>3.00 60,<strong>12</strong>3.00 0.00 4,090,000.00<br />
4 2 5/1/2014 225,<strong>12</strong>3.00 60,<strong>12</strong>3.00 165,000.00 3,925,000.00<br />
5 3 11/1/2014 57,697.50 57,697.50 0.00 3,925,000.00<br />
6 3 5/1/2015 232,697.50 57,697.50 175,000.00 3,750,000.00<br />
7 4 11/1/2015 55,<strong>12</strong>5.00 55,<strong>12</strong>5.00 0.00 3,750,000.00<br />
8 4 5/1/2016 <strong>24</strong>5,<strong>12</strong>5.00 55,<strong>12</strong>5.00 190,000.00 3,560,000.00<br />
9 5 11/1/2016 52,332.00 52,332.00 0.00 3,560,000.00<br />
10 5 5/1/2017 277,332.00 52,332.00 225,000.00 3,335,000.00<br />
11 6 11/1/2017 49,0<strong>24</strong>.50 49,0<strong>24</strong>.50 0.00 3,335,000.00<br />
<strong>12</strong> 6 5/1/2018 294,0<strong>24</strong>.50 49,0<strong>24</strong>.50 <strong>24</strong>5,000.00 3,090,000.00<br />
13 7 11/1/2018 45,423.00 45,423.00 0.00 3,090,000.00<br />
14 7 5/1/2019 305,423.00 45,423.00 260,000.00 2,830,000.00<br />
15 8 11/1/2019 41,601.00 41,601.00 0.00 2,830,000.00<br />
16 8 5/1/2020 321,601.00 41,601.00 280,000.00 2,550,000.00<br />
17 9 11/1/2020 37,485.00 37,485.00 0.00 2,550,000.00<br />
18 9 5/1/2021 337,485.00 37,485.00 300,000.00 2,250,000.00<br />
19 10 11/1/2021 33,075.00 33,075.00 0.00 2,250,000.00<br />
20 10 5/1/2022 353,075.00 33,075.00 320,000.00 1,930,000.00<br />
21 11 11/1/2022 28,371.00 28,371.00 0.00 1,930,000.00<br />
22 11 5/1/2023 368,371.00 28,371.00 340,000.00 1,590,000.00<br />
23 <strong>12</strong> 11/1/2023 23,373.00 23,373.00 0.00 1,590,000.00<br />
<strong>24</strong> <strong>12</strong> 5/1/20<strong>24</strong> 383,373.00 23,373.00 360,000.00 1,230,000.00<br />
25 13 11/1/20<strong>24</strong> 18,081.00 18,081.00 0.00 1,230,000.00<br />
26 13 5/1/2025 403,081.00 18,081.00 385,000.00 845,000.00<br />
27 14 11/1/2025 <strong>12</strong>,421.50 <strong>12</strong>,421.50 0.00 845,000.00<br />
28 14 5/1/2026 422,421.50 <strong>12</strong>,421.50 410,000.00 435,000.00<br />
29 15 11/1/2026 6,394.50 6,394.50 0.00 435,000.00<br />
30 15 5/1/2027 441,394.50 6,394.50 435,000.00 -<br />
4,135,000.00 5,294,583.78 1,159,583.78 4,135,000.00<br />
14. Motion to approve the following Resolution:<br />
<strong>Barnegat</strong> <strong>Township</strong> Board of Education Meeting Minutes<br />
April <strong>24</strong>, 20<strong>12</strong> 33
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