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1.077 <br /> (1) As presented in Exhibit GMV-2 of Indiana-American Water's IURC Cause No.44022 in <br /> the Pro Forrna Present Rates column. <br /> (2) To provide an allowance for the Indiana Department of Revenue 1.4%Utility Receipts Tax. <br /> (3) To provide an allowance for payment-in-lieu of tax transfers to the general fund at assumed historical <br /> property tax rates. <br /> (Subject to the attached letter dated February 19,2012) <br /> (Preliminary—Subject to Change) <br /> (Internal Use Only) <br /> TOWN OF MOORESVILLE,INDIANA <br /> INDIANA AMERICAN WATER OPERATING UNIT <br /> ESTIMATED PROJECT COSTS AND FUNDING <br /> 3.5%Net 4.5%Net 5.5%Net <br /> Interest Cost Interest Cost Interest Cost <br /> PROJECT COSTS: <br /> Offered Utility Purchase Price $6,500,000 $6,500,000 $6,500,000 <br /> Allowance for Legal Counsel, Financial Advisor, <br /> Other Transaction Costs and Project Contingency (25%) 1,650,000 1,650,000 1,650,000 <br /> Estimated Project Costs $8,150,000 $8,150,000 $8,150,000 <br /> PROJECT FUNDING: <br /> Proposed Waterworks Revenue Bond Issue $8,150,000 $8,150,000 $8,150,000 <br /> Approximate Annual Debt Service at Assumed Net Interest <br /> Cost(Assumed bond issue for 20 years level debt service) $573,000 $627,000 $682,000 <br /> TOWN OF MOORESVILLE, INDIANA <br /> INDIANA AMERICAN WATER OPERATING UNIT <br /> ESTIMATED ANNUAL REVENUES AND REVENUE RE UIREMENTS <br /> 3.5%Net 4.5%Net 5.5%Net <br /> Interest Cost Interest Cost Interest Cost <br /> Estimated Annual Revenues (1) $2,101,310 $2,101,310 $2,101,310 <br /> .Less: <br /> Estimated Annual Expenses (2) (900,097) (900.097) (()nn nQ 7) <br />