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APPROPRIATION COMMITTEE
<br /> ARTICLE 2: REMODEUNG/RECONSTRUCTION OF TOWN SCHOOLS
<br /> ANNUAL DEBT SERVICE REQUIREMENTS
<br /> Exhibit B
<br /> "INCREMENTAL,ANNUAL APPROPRIATION" APPROACH
<br /> FY Bond Issue FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 ', FY 2005 FY 2006 FY 2007 FY 2008 FY 2009
<br /> 1999 $5 Million $750,000 1725,000 $700,000 $675,000 $650,000 $625,000 $600,000 $575,000 $550,000 $525,000
<br /> 2000 $5 Million• 750,000 725,000 700,000 675,000 650,000 625,000 600,000 575,000 550,000 525,000
<br /> 2001 $5 Million 750,000 725,000 700,000 675,000 650,000 625,000 600,000 575,000 550,000
<br /> 2002 $5 Million 750,000 725,000 700,000 675,000 650,000 625,000 600,000 575,000
<br /> 2003 $5 Million 750,000 725,000 700,000 675,000 650,000 625,000 600,000
<br /> 2004 $5 Million 750,000 725,000 700,000 675,000 650,000 625,000
<br /> 2005 $5 Mallon 750,000 725,000 700,000 675,000 650,000
<br /> 750,000 725,000 700,000 675,000
<br /> 2006 $5 Million 750,000 725,000 700,000
<br /> 2007 $5 Million •' 750,000 725,000
<br /> 2008 $5 Million
<br /> 750,000
<br /> 2009 $5 Million
<br /> Totals 750.000 1.475.000 2.175.000 x.850.000 3.500.000, 4.125.000 4.725.000 5.300.000 5.850.000 6.375.000 6.375.000
<br /> Assumptions for Annual Debt Service
<br /> Projects: Annual requests proposed by School Committee
<br /> Bond Issues: $5 Million bond issue every year
<br /> Term: 10 year repayment
<br /> Principal: Level annual payments of$500,000 each year
<br /> Interest Rate: 5%
<br /> B V13/97
<br /> APP9" °.XLS.Debt Schedule
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