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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 I Delivered 05/01/2018 <br />Sources Of Funds <br />Par Amount of Bonds <br />Total Sources <br />Street Issue <br />Reconstruction Overlay Summary <br />$1,565,000.00 $870,000.00 $2,435,000.00 <br />$1,565,000.00 $870,000.00 $2,435,000.00 <br />Uses Of Funds <br />Total Underwriter's Discount (1.200%) <br />Costs of Issuance <br />Deposit to Capitalized Interest (CIF) Fund <br />Deposit to Project Construction Fund <br />Rounding Amount <br />Total Uses <br />18,780.00 10,440.00 29,220.00 <br />28,279.26 15,720.74 44,000.00 <br />28,426.67 15,805.83 44,232.50 <br />1,486,980.00 829,070.00 2,316,050.00 <br />2,534.07 (1,036.57) 1,497.50 <br />$1,565,000.00 $870,000.00 $2,435,000.00 <br />Ehlers & Associates, Inc. Page 8 <br />