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SCHEDULE OF PAYMENT <br />The special assessment of such improvement to your property is $1,241.40. 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 />$1,241.40 <br />2019 $124.14 $79.54 $203.68 $1,117.26 <br />2020 $124.14 $58.32 $182.46 $993.12 <br />2021 $124.14 $51.84 $175.98 $868.98 <br />2022 $124.14 $45.36 $169.50 $744.84 <br />2023 $124.14 $38.88 $163.02 $620.70 <br />2024 $124.14 $32.40 $156.54 $496.56 <br />2025 $124.14 $25.92 $150.06 $372.42 <br />2026 $124.14 $19.44 $143.58 $248.28 <br />2027 $124.14 $12.96 $137.10 $124.14 <br />2028 $124.14 $6.48 $130.62 $0.00 <br />Total $1,241.40 $371.14 $1,612.54 <br />Please call Bruce Westby, City Engineer, at 763-427-1410 with questions. <br />