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MOORESVILLE (INDIANA) REDEVELOPMENT AUTHORITY
<br />
<br /> Allocation Area No. I
<br />
<br /> SCHEDULE OF AMORTIZATION OF $405,000 OUTSTANDING LEASE RENTAL REVENUE BONDS
<br /> Principal annually February 1st. Interest payable semiannually, February 1st and August 1st.
<br /> Bonds dated July 1, 1992.
<br />
<br />Mon/Yr of Outstanding Interest Total Bond Year Lease
<br /> Maturity Principal Principal Rate Interest Debt Service Debt Service Rental
<br />
<br /> Aug-03 $12,150 $12,150
<br /> Feb-04 $405,000 $90,000 6.00% 12,150 102,150 $114,300 $123,000
<br /> Aug-04 9,450 9,450
<br /> Feb-05 315,000 100,000 6.00% 9,450 109,450 118,900 123,000
<br /> Aug-05 6,450 6,450
<br /> Feb-06 215,000 105,000 6.00% 6,450 111,450 117,900 123,000
<br /> Aug-06 3,300 3,300
<br /> Feb-07 110,000 110,000 6.00% 3,300 113,300 116,600 123,000
<br />
<br /> Totals $405,000 $62,700 $467,700 $467,700 $492,000
<br />
<br /> Redemption
<br />Optional Redemption Provisions for Bonds maturing on or after February 1, 2002: with Premium
<br />
<br /> 100% if redeemed on Feb. 1, 2002 or thereafter; $405,000
<br /> not less than 45 days notice
<br />
<br />Funds available on hand as of 11/24/2003 to call Outstanding Bonds:
<br /> General Account $992,895
<br /> Operation and Reserve 147,265
<br /> Sinking Fund 12
<br /> Lease Rental Reserve 0
<br />
<br /> Total $1,140,172
<br />
<br /> PRELIMINARY DRAFT
<br /> For Review and Discussion
<br /> Prepared by: H.J. Umbaugh & Associates
<br /> December 9, 2003
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