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PROJECT COSTS <br />The 2018 capital expenditure of approximately $2,316,050 for the reconstruction of streets in <br />Stanhope Terrace and North Forty and overlay of streets in Woodland Green, North Forty 2nd, Forth <br />Forty 3rd, Northfork Oaks, Northfork, Northfork 2nd, Northfork 3rd and Northfork Itasca Shores is to be <br />funded with $2,435,000 in bond proceeds. <br />Total Issue Sources And Uses <br />Dated 05/01/2018 1 Delivered 05/01/2018 <br />Sources Of Funds <br />Par Amount of Bonds <br />Street Issue <br />Reconstruction Overlay Summary <br />$1,565,000.00 $870,000.00 $2,435,000.00 <br />Total Sources $1,565,000.00 $870,000.00 $2,435,000.00 <br />Uses Of Funds <br />Total Underwriter's Discount (1.200%) <br />18,780.00 <br />10,440.00 <br />29,220.00 <br />Costs of Issuance <br />28,279.26 <br />15,720.74 <br />44,000.00 <br />Deposit to Capitalized Interest (CIF) Fund <br />28,426.67 <br />15,805.83 <br />44,232.50 <br />Deposit to Project Construction Fund <br />1,486,980.00 <br />829,070.00 <br />2,316,050.00 <br />Rounding Amount <br />2,534.07 <br />(1,036.57) <br />1,497.50 <br />Total Uses $1,565,000.00 $870,000.00 $2,435,000.00 <br />Ehlers & Associates, Inc. Page 8 <br />