Laserfiche WebLink
I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br /> <br /> Assumptions for Cash Flow Projections <br />on Proposed City of Ramsey Public Improvement <br /> Bond Issue '~ <br /> <br />e <br /> <br />$ <br /> <br />Bonds to be sold in September, 1984 at an interest rate of <br />8.0% (reflects current market conditions) provided that <br />proceeds can be reinvested at a level higher than the bond <br />rate. <br /> <br />Construction to occur in 1984 construction season. <br /> <br />Final hearing to occur' and assessments to be certified prior <br />to October 10, 1984. <br /> <br />Firs~ ~pecial assessment payments-to be received by the City <br />in 1985. <br /> <br />Five year assessment schedule with interest on <br />assessment principal to be at 1.5% above bond rate. <br /> <br />unpaid <br /> <br />Ail assessments will be paid on time with no prepayments. <br /> <br />An average reinvestment rate of 7% over the life of the <br />issue. <br /> <br />July 21, 1983 <br /> <br /> <br />