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2221 RID LOAN BIG DIPPER (2)Street Address: 2401 Colonial Drive, 3`d Floor Helena, MT 59601 Mailing Address: P.O.Box 200126 Helena, MT 59620-0126 January 21, 2009 Ken Weber, Chairman Jefferson County P. O. Box H Boulder, MT 59632 Re: 2221 RID Loan - $80,000.00 Dear Chairman Weber: Phone: 406/444-0001 Facsimile: 406 / 449-6579 Rateline: 406 / 444-3557 Website: www.investmentmt.com ti:. i~ -~ ~. . ~~~~ . . ~~r , Enclosed is an amortization schedule and summary of disbursements table for the County's second draw on the above referenced loan. We will wire $34,578.81 to First Boulder Valley Bank on Friday, January 23, 2009. Please don't hesitate to call if you have any questions. Sincerely, ~- .~~ ~~~ rLouis elsh ~...~ Bond Program Officer L.W/dh Enclosure ~~~~~~ ~ ._.~ ~..~ _-- ~ ~'~' ~~~ ~Cj~ MONTANA BOARD OF INVESTMENTS Department of Commerce MONTANA BOARD OF INVESTMENTS ANNUAL ADJUSTABLE RATE TENDER OPTION MUNICIPAL FINANCE CONSOLIDATION ACT BONDS (INTERCAP REVOLVING PROGRAM) Municipality: Jefferson County Final Payment: Total Commitment: $80,000.00 Total # of Payments: Total Draws to Date: 40,797.42 Draw Number: This Draw Down: 34,578.81 Date of this Draw: Remaining Commitment: $4,623.77 Date of Bond: Project: Big Dipper RID # 2506 road improvements Series: Payment Interest # Days Interest Principal O/S Due Rate Due Payment Payment Balance **Beginning Balance** 34,578.81 02/]5/09 4.250% 23 92.35 0.00 34,578.81 08/15/09 181 973.10 33,605.71 02/15/10 184 889.52 32,716.19 08/15/]0 181 920.00 31,796.19 02/15/] 1 184 928.28 30,867.91 08/15/11 181 958.96 29,908.95 02/15/12 184 968.72 28,940.23 08/15/]2 182 997.89 27,942.34 02/15/13 184 1,012.49 26,929.86 08/15/13 181 1,041.95 25,887.91 02/15/14 184 1,054.87 24,833.04 08/15/14 181 1,086.14 23,746.89 02/15/15 184 1,100.74 22,646.16 08/15/15 18] 1,132.23 21,513.92 02/15/16 184 1,148.58 20,365.34 08/]5/16 182 1,179.1] 19,]86.24 02/15/17 184 1,199.57 17,986.66 08/15/17 181 1,230.43 16,756.23 02/15/] 8 184 1,250.51 15,505.72 08/15/18 181 ],282.72 14,223.00 02/15/19 184 ],304.78 12,918.22 08/15/19 181 1,337.25 11,580.97 02/] 5/20 184 1,361.39 10,219.58 08/15/20 182 1,393.53 8,826.05 02/15/21 184 1,420.93 7,405.12 08/15/21 181 1,453.44 5,95].68 02/15/22 184 1,481.99 4,469.68 08/15/22 181 1,515.31 2,954.37 02/15/23 184 1,546.21 1,408.16 08/15/23 181 1,408.16 0.00 34,578.81 COMMENTS: August 15, 2023 29 2221 2 January 23, 2009 September 19, 2008 2003 Total Amount of Payment *please see comments Interest payment shown is not due. Your first payment will be on August 15, 2009. Interest payments shown from February 16, 2008 to February 15, 2009 are computed at 4.25%. After February 15, 2009 interest rates will be adjusted to reflect the adjusted interest rate applied on the outstanding principal balance. We will send a revised amortization schedule combining the February 15, 2009 interest at 4.25% and the August 15, 2009 principal & interest at the new adjusted rate. 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 2221-02 saa 1/23/2009 34,578.81 4,623.77 4,623.77 DESCRIPTION OF PROJECT/SUMMARY OF DISBURSEMENTS