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2221 RID LOAN BIG DIPPERStreet Address: 2401 Colonial Drive, 3'd Floor Helena, MT 59601 Mailing Address: P.O.Box 200126 Helena, MT 59620-0126 September 16, 2008 Ken Weber, Chairman Jefferson County P. O. Box H Boulder, MT 59632 Re: 2221 RID Loan - $80,000.00 Phone: 406/444-0001 Facsimile: 406 / 449-6579 Rateline: 406 / 444-3557 ~.[Nebsite: www.investmentmt.com 7, ,.~ t., : ~~ w~ :. ~' cr . ~^` ~~~ ~~~ `~~~ ,/ Dear Chairman Weber: Enclosed is an amortization schedule and summary of disbursements table for the C'ounty's first draw on the abtwe referenced loan. We will wire $40,797.42 to First Boulder Valley Bank on Friday, September 19, 2008. Please don't hesitate to call if you have any questions. Sin~ely, ~ ~f~ `~' ouise Welsh Bond Program Officer LW/dh Enclosure MONTANA BOARD OF INVESTMENTS Department of Commerce ~~,-. ~~/ + ~'~- ~ ~i , ~~ ~~. ~. .~513iCf' ~~~~ ~, -~ MONTANA BOARD OF INVESTMENTS ANNUAL ADJUSTABLE RATE TENDER OPTION MUNICIPAL FINANCE CONSOLIDATION ACT BONDS (INTERCAP REVOLVING PROGRAM) Municipality: Jefferson County Total Commitment: $80,000.00 Total Draws to Date: 0.00 This Draw Down: 40,797.42 Remaining Commitment: $39,202.58 Project: Big Dipper RID # 2506 road improvements Final Payment: Total # of Payments Draw Number: Date of this Draw: Date of BAN Series: Payment Interest # Days Interest Principal Due Rate Due Payment Pa n~lent August 15, 2023 30 2221 1 September 19, 2008 September 19, 2008 2000 O/S Total Amount Balance of Payment **Beginning Balance** 40,797.42 02/15/09 4.250% 149 705.87 1,147.19 39,650.23 08/15/09 181 1,017.42 38,632.82 02/15/10 184 1,025.36 37,607.45 08/15/10 181 1,060.47 36,546.98 02/15/11 184 1,070.05 35,476.93 08%15/11 181 1,105.37 34,371.56 02/15/12 184 1,116.66 33,254.90 08/15/12 182 1,150.25 32,104.64 02/15/13 184 1,167.11 30,937.54 08/15/13 181 1,201.04 29,736.49 02/15/14 184 1,215.97 28,520.53 08/15/14 181 1,251.98 27,268.55 02/15/15 184 1,268.84 25,999.71 08/15/15 181 1,305.11 24,694.60 02/15/16 184 1,323.99 23,370.62 08/15/16 182 1,359.15 22,011.47 02/15/17 184 1,382.76 20,628.71 08/15/17 181 1,418.30 19,210.41 02/15/18 184 1,441.48 17,768.92 08/15/18 181 1,478.57 16,290.35 02/15/19 184 1,504.04 14,786.31 08/15/19 181 1,541.43 13,244.87 02/15/20 184 1,569.29 11,675.58 08/15/20 182 1,606.31 10,069.27 02/15/21 184 1,637.92 8,431.35 08/15/21 181 1,675.37 6,755.99 02/15/22 184 1,708.31 5,047.67 08/15/22 181 1,746.68 3,300.99 02/15/23 184 1,782.34 1,518.66 08/15;23 181 1,518.66 0.00 40,797.42 COMMENTS: *please see comments 1,853.06 Interest payments shown from February 16, 2008 to February 15, 2009 are computed at 4.25 percent. After February 15, 2009 interest rates will be adjusted to reflect the adjusted interest rate applied on the outstanding principal balance. IMPORTANT: If payment is made by check, please send the enclosed amortization schedule(s) with check for proper credit. Please make sure that SpA Lockbox CM9695 is on both the check and envelope. Please mail a copy of the amortization schedule with a check made payable to: U.S. Bank Trust-SpA Lockbox CM9695 ATTN: Operations Center 1200 Energy Park Drive St. Paul, MN 55108 OR Please wire funds to: U.S. Bank N.A. (Minneapolis) ABA 091000022 FFC: U.S. Bank Trust N.A. Account # 180121167365 Wire Clearing Account # 47300023 ATTN: 50364256/996103DK0 INTERCAP: Jefferson County DESCRIPTION OF THE PROJECT/SUMMARY OF DISBURSEMENTS FOR JEFFERSON COUNTY Allocated Amount of Loan Description of Items to be Financed Big Dipper RID # 2506 road improvements $80,000.00 Amount Amount Amount Remaining Draw Description Allocated Date of Remaining Reserved # of Item for Item of Draw Draw for Item Amount Reserved Amount $80,000.00 2221-01 #1 Above $80,000.00 9/19/2008 40,797.42 39,202.58 39,202.58 DESCRIPTION OF PROJECTlSUMMARY OF DISBURSEMENTS