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SCHEDULE OF PAYMENT <br />The special assessment of such improvement to your property is $932.70. This cost will be <br />assessed over 10 years at 5.22 percent interest per year. Listed below is a breakdown of the <br />yearly principal and interest costs. Please note the change in the first year's interest cost. The <br />first year's interest covers a period of 448 days from October 9, 2018 to December 31, 2019. <br />5.22% Payment Pay-off <br />Year Principal Interest Amount Balance <br />$932.70 <br />2019 $93.27 $59.76 $153.03 $839.43 <br />2020 $93.27 $43.82 $137.09 $746.16 <br />2021 $93.27 $38.95 $132.22 $652.89 <br />2022 $93.27 $34.08 $127.35 $559.62 <br />2023 $93.27 $29.21 $122.48 $466.35 <br />2024 $93.27 $24.34 $117.61 $373.08 <br />2025 $93.27 $19.47 $112.74 $279.81 <br />2026 $93.27 $14.61 $107.88 $186.54 <br />2027 $93.27 $9.74 $103.01 $93.27 <br />2028 $93.27 $4.87 $98.14 $0.00 <br />Total $932.70 $278.85 $1,211.55 <br />Please call Bruce Westby, City Engineer, at 763-427-1410 with questions. <br />