Page 240 - 2018 Village Ordinance Book 122818
P. 240
Implementation and Financing Timeline
Village of Sturtev
Tax Incremen
Estimated Fin
Tier 1
State Trust G.O. Notes G.O. Bond G.O. Bond
Fund Loan 2018 2019 2021
2018 4/19/2018 4/1/2019 4/1/2021
2/6/2018 1,800,000
Projects 3,185,000 3,185,000
Land Acquisition 800,000 1,800,000
Willow Road w/Intersection 25,000 3,185,000 3,185,000
Street and Infrastructure Costs 800,000
1,825,000
Stormwater Detention Basin 1,825,000
(Include land acquistion)
Total Project Funds
Estimated Finance Related Expenses 12.50 22,700 12.50 22,700
Municipal Advisor 10,000 10,000
Bond Counsel 6,000 6,000
Disclosure Counsel 12,000 12,000
Rating Agency Fee
Paying Agent 850 850
Underwriter Discount 41,000 41,000
Capitalized Interest
800,000 3,277,550 3,277,550
Total Financing Required 800,000 2,450 2,450
Rounding 3,280,000 3,280,000
Net Issue Size
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Project Plan TID No. 4 Territory & Project Plan Amendment Village of Sturtevant
June 5, 2018
Submitted by Ehlers Page 25
