HomeMy WebLinkAboutOak Forest Funding ProgramOAK FOREST FUNDING
PROGRAM
• NOISE ABATEMENT
• LIGHT ABATEMENT
• BEAUTIFICATION
OAK FOREST FUNDING PROGRAM
I. Maintenance Fund Program
Fence Maintenance
Landscape Maintenance
Maintenance Assessment $$$
II. A. Capital Improvement Construction Fund
Program
Wall Improvements
Landscape Improvements
Construction Assessments -0-
B. Capital Improvements Debt Fund
Program
Bond Anticipation Note
Bond Completion Note
Permanent Financing Bond
Debt Assessment $$$
III. TOTAL ASSESSMENTS $$$
CHANGE OF PROGRAM
• BENEFIT ANALYSIS
• APPORTIONMENT ANALYSIS
• RATE ANALYSIS
• RE-NOTIFICATION
EXPANSION OF SAME PROGRAM
• IF ASSESSMENT NOT HIGHER,
NO RE-NOTIFICATION
• IF ASSESSMENTS HIGHER,
-RE-NOTIFICATION
EXCESS CAPITAL IMPROVEMENT FUND ARE
REQUIRED TO BE UTILIZED TO REDUCE
DEBT IN ORDER TO:
1) Reduce the probability of higher capital
assessments caused by the probable increase in
interest rates.
2) Reduce the probability of higher credit
Enhancement cost.
Original debt amount $723,262.
Debt Reduction to date 227,356.
Current Outstanding Debt $495,906.