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City Council Minutes 2003 06-24-03 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY. ILLINOIS. HELD IN THE BEECHER COMMUNITY BUILDING. AUSTIN ROOM. 908 GAME FARM ROAD, ON TUESDAY, JUNE 24, 2003. Mayor Prochaska called the meeting to order at 7:00 P.M and led the Council in the Pledge of Allegiance. i ROLL CALL Clerk Milschewski called the roll. Ward I James Absent Sticka Present Ward II Burd Present Kot Present Ward III Munns Present Ohare Present Ward IV Besco Present Spears Absent Also present: City Clerk Milschewski, City Treasurer Powell, City Administrator Graff, City Attorney Dan Kramer, Police Chief Harold Martin, Executive Director of Parks & Recreation Brown and Director of Public Works Eric Dhuse. i OUORUM A quorum was established. INTRODUCTION OF GUESTS Mayor Prochaska welcomed guests and asked those present to enter their name on the attendance sheet provided. AMENDMENTS TO THE AGENDA City Clerk Milschewski noted the following amendments: the time on the agenda for the Public Works Committee meeting is incorrect and should be 7:00 P.M.; Item #1 on the Consent Agenda should read "Ordinance Amending Ordinance 42003 -08 — An Ordinance Adopting the International the International Residential Code for One and Two Family dwellings; Item 45 of the Consent Agenda should be removed. I Administrator Graff reported that Barbara Chevalier with Speer Financial Inc. was in attendance and available to give a presentation on the bonds for the debt certificate. He asked at what point in the agenda the Council wanted her to make her presentation. It was decided to have the presentation under the Administration Committee report. Administrator Graff also noted that Item 43 under the Public Works Committee Report was being removed because their letter of credit was extended. COMMITTEE MEETING DATES Public Works Committee 7:00 P.M., Monday, July 28, 2003 City of Yorkville Conference Room 800 Game Farm Road Economic Development Committee 7:00 P.M., Thursday, July 17, 2003 City of Yorkville Conference Room 800 Game Farm Road Administration Committee 6:30 P.M., Thursday, July 10, 2003 City of Yorkville Conference Room 800 Game Farm Road Public Safety Committee 6:30 P.M., Thursday June 26, 2003 City of Yorkville Conference Room 800 Game Farm Road i The Minutes of the Reeular Meetine of the Citv Council - June 24, 2003 - Aage 2 PUBLIC HEARINGS PC 2003 -07 The Highlands Mayor Prochaska entertained a motion to go into public hearing for PC 2003 -07 The Highlands: Wyndham Deerpoint Homes, petitioner, requests an amendment to the Annexation and Planned Unit Development Agreement in regard to modify the subdivision name from The Highlands to Raintree Village. The real property is located on the south side of Route 71 and Route 126 approximately %s mile east of Route 47 in the United City of Yorkville. So moved by Alderman - Besco; seconded by Alderman Kot. Motion approved by a roll call vote. Ayes -6 Nays -0 Ohare -aye, Besco -aye, Burd -aye, Kot -aye, Munns -aye, Sticka -aye City Attorney Dan Kramer explained that when any Planned Unit Development (PUD) Agreement with a special use or unique type of zoning undergoes a substantial modification a public hearing is required. This helps the Building Department and title companies follow through because there is a written document for the name change. There were no public comments. There were no comments from the Council. I Mayor Prochaska entertained a motion to close the public hearing. So moved by Alderman Sticka; seconded by Alderman Besco. Motion approved by a roll call vote. Ayes -6 Nays -0 Besco -aye, Burd -aye, Kot -aye, Munns -aye, Sticka -aye, Ohare -aye CITIZEN COMMENTS None PRESENTATIONS None CONSENT AGENDA I 1. Ordinance 2003 -32 - Ordinance Amending Ordinance 2003 -08 an Ordinance Adopting the International Residential Code for One and Two Family Dwellings - Authorize Mayor and City Clerk to execute 2. Purchase of Two Squad Cars and Equipment -Approve purchase in an amount not to exceed $46, 000.00 and financing through Yorkville National Bank for a two-year term at 3.15% 3. Ordinance 2003 -33 - Ordinance Declaring Compliance with Prevailing Wage Act - Authorize Mayor and City Clerk to execute 4. Resolution 2003 -22 - Resolution Approving Senior Citizen Policy for Garbage Contract Discount - Authorize Mayor and City Clerk to execute 5. Resolution 2003 -23 - Oslad Grant Resolution for River's Edge Park Development - Authorize Mayor and City Clerk to execute 6. Resolution 2003 -24- Oslad Grant Resolution for Hydraulic Street Riverfront Acquisition - Authorize the Mayor and City Clerk to execute 7. Purchase of Two Wheel Pick -up Truck -Approve purchase from River Oaks Ford in the amount not to exceed $12,447. 00 Mayor Prochaska entertained a motion to approve the consent agenda as presented. So moved by Alderwoman Ohare; seconded by Alderman Sticka. Motion approved by a roll call vote. Ayes -6 Nays -0 Burd -aye, Kot -aye, Munns -aye, Sticka -aye, Ohare -aye, Besco -aye PLANNING COMMISSION /ZONING BOARD OF APPEAL No report. MINUTES FOR APPROVAL None BILLS FOR APPROVAL A motion was made by Alderwoman Burd o approve the paying of the bills listed on the Detailed Board Report dated June 20, 2003 totaling the following amounts: checks in the amount of $597,041.85 (vendor) and $120,178.18 (payroll period ending 06/14/03) for a total of $717,220.03; seconded by Alderwoman Ohare. The Minutes of the Regular Meeting of the Citv Council - June 24, 2003 - Wage 3 Motion approved by a roll call vote. Ayes -6 Nays -0 Besco -aye, Burd -aye, Kot -aye, Munns -aye, Sticka -aye, Ohare -aye REPORTS MAYOR'S REPORT Board Appointment Mayor Prochaska entertained a motion to approve the reappointment of Lawrence DeBord to the Police Pension Fund Board for the duration of two years ending May 2005. So moved by Alderman Sticka; seconded by Alderman Besco. Motion approved by a roll call vote. Ayes -6 Nays -0 Besco -aye, Burd -aye, Kot -aye, Ohare -aye, Munns -aye, Sticka -aye Mayor Prochaska swore in Mr. DeBord. Ad Hoc Tourism Meeting Mayor Prochaska reported that the next Ad Hoc Tourism Committee Meeting will meet on August 18, 2003 at 6:30 P.M. in the City Hall Conference Room. MA -ice � rock" United City of Yorkville Newsletter i MarLreported that due to the City Hall renovation and staff shortages there will be a delay in getting the newsletter out. It will be out to the citizens no later than July 31, 2003. I ATTORNEY'S REPORT Water Tower Intergovernmental Agreement City Attorney Dan Kramer reported that the Grande Reserve water tower is outside city limits but within the 1 % mile planning jurisdiction. States Attorney Tim McCann suggested an intergovernmental agreement with Kendall County. Attorney Kramer requested a motion to approve the Intergovernmental Agreement between Kendall County and the United City of Yorkville for Water Tower and Water System Improvements and to authorize the Mayor and City Clerk to execute the agreement. Alderman Ohare asked for clarification as to where the tower is being constructed. Administrator Graff explained that the tower will be on Mill Road south of the railroad tracks and east of Blackberry Oaks Golf Course. Mayor Prochaska stated that the Grande Reserve Development will before the Council in a few weeks for an annexation vote. A motion was made by Alderman Sticka to approve the Intergovernmental Agreement between Kendall County and the United City of Yorkville for Water Tower and Water System Improvements and to authorize the Mayor and City Clerk to execute the agreement; seconded by Alderwoman Ohare. Motion approved by a roll call vote. Ayes -6 Nays -0 Burd -aye, Kot -aye, Munns -aye, Ohare -aye, Sticka -aye, Besco -aye CITY CLERK'S REPORT City Photo I.D.s City Clerk Milschewski reported that on Thursday, June 26, 2003 at 9:45 A.M. at the City Offices a representative with the Kendall County Sheriff's Department would be available to take pictures of employees and elected officials that do not have a City I.D. IML Conference Reservations City Clerk Milschewski reported that she distributed a memo and registration form for the September 18 -21, 2003 Illinois Municipal League Conference. She asked that those interested in attending to return the registration form on or before July 1, 2003. CITY TREASURER'S REPORT City Treasurer Powell requested a motion to approve the Revised April 2003 Treasurer's Report as presented. So moved by Alderman Besco; seconded by Alderman Munns. Motion approved by a roll call vote. Ayes -6 Nays -0 Munns -aye, Sticka -aye, Ohare -aye, Besco -aye, Burd -aye, Kot -aye The Minutes of the ReLyular MeetinLy of the Citv Council - June 24, 2003 - nage 4 CITY ADMINISTATOR'S REPORT City Hall Renovation Administrator Graff reported that the City Hall Renovation is underway and the build -out of the lower level is on schedule. However, the renovation of the City Council Chamber is behind schedule so City Council meetings will probably be held in the Beecher Community Building until about the second week in August. North Water Tower Mr. Graff reported that the North Water Tower Project is on schedule and should be painted before winter. South Water Tower Mr. Graff reported that approval for the Debt Certificates for the South Water Tower was on the agenda later in the meeting and all the easements and right -of -ways had been secured for the proj ect. FINANCE DIRECTOR'S REPORT No report. DIRECTOR OF PUBLIC WORKS REPORT No report. CHIEF OF POLICE REPORT Police Training Institute Police Chief Martin reported that officers Sarah Cernekee and Robbie Hart are currently attending the College of DuPage Police Training Institute (PTI) and will be gone for eleven weeks. They will before the City Council on July 8, 2003 to be sworn in. Mayor Prochaska noted that he would be out of town for the July 8' meeting and suggested that the swearing -in be delayed until the July 22 City Council meeting. EXECUTIVE DIRECTOR OF PARKS & RECREATION Youth Baseball Executive Director of Parks & Recreation Laura Brown reported that next week is the final week for Youth Baseball and after the season the Parks and Recreation Department will be rehabbing the baseball fields. Music Under the Stars Director Brown reported that on Friday, June 27, 2003 Music Under the Stars would be held at the Town Square Park. Camping in the Park Director Brown reported that after the last Movie in the Park there was tent camping in the park. Seven families participated and because it went well it was requested that there would be another campout. She stated that another campout would be held July 26, 2003. Car Show Director Brown reported that on Saturday, June 28, 2003 the Downtown Merchants Car Show would be held at the River Front Park from 4:00 P.M. to 8:00 P.M. COMMUNITY & LIAISON REPORT School Board Meeting Alderman Ohare reported that she attended the School Board meeting on June 23, 2003. It was Principal Babich's last meeting and a quick meeting. COMMITTEE REPORTS PUBLIC WORKS COMMITTEE REPORT (Resolution) 2003 -25 Supporting State of Illinois Designated Federal and Urban Routes _ A motion was made by Alderman Besco to approve the resolution supporting the State of Illinois Designation of Federal and Urban Routes and authorize the Mayor and City Clerk to execute; seconded by Alderman Sticka. Motion approved by a roll call vote. Ayes -6 Nays -0 Kot -aye, Munns -aye, Ohare -aye, Sticka -aye, Besco -aye, Burd -aye Mill & Van Emmon Street Watermain Bid Results A motion was made by Alderman Besco to award the contract for the Mill and Van Emmon Street Water Main Project to Dennis W. Dwyer, Inc. in the amount not to exceed $773,623.00; seconded by Alderman Sticka. I The Minutes of the ReLyular Meeting of the Citv Council - June 24, 2003 - page 5 Motion approved by a roll call vote. Ayes -6 Nays -0 Kot -aye, Munns -aye, Ohare -aye, Sticka -aye Besco -aye, Burd -aye ECONOMIC DEVELOPMENT COMMITTEE REPORT No report. PUBLIC SAFETY COMMITTEE REPORT No report. ADMINISTRATION COMMITTEE REPORT (Ordinance) 2003 -34 Debt Certificate — Water Improvements Barbara Chevalier with Speer Financial, Inc. addressed the Council. She distributed a report (see attached) on the Debt Certificates. The firms of Bernardi Securities, Inc. and Kubik, Stephens, & Thompson, Inc have submitted a bid for the purchase of the $4,800,000.00 Debt Certificates. It is Speer Financial's opinion that this is a favorable bid with an interest rate of 4.7938% and recommends that it be accepted. She explained that the 5% coupon in the later years of the debt certificates is a sales mechanism where the investors want 5% interest and are paying a premium for the coupons. This will provide extra funds for the City. Also included in the handout are a debt service schedule and a net debt service schedule. I Alderwoman Ohare asked if this water project was to assist with the radium project. Administrator Graff explained that the funds were to be used for the water project on the south side of the City. This will assist with the radium project but there will need to be other funding for that project. Alderwoman Ohare asked that if the City receives extra funding could the loan be paid off sooner than in nineteen years. City Treasurer William Powell noted that the certificates were callable in eight years. A motion was made by Alderman Munns to approve the sale of $4,800,000 Debt Certificate and �- to authorize the Mayor, City Clerk, City Attorney, City Treasurer and Finance Director to execute all agreements upon the Attorney's review; seconded by Alderwoman Burd. Motion approved by a roll call vote. Ayes -6 Nays -0 Ohare -aye, Sticka -aye, Besco -aye, Burd -aye, Kot -aye Munns -aye (Resolution) 2003 -26 Declaring Intent for Special Service Area 2003 -102 - Raintree Village A motion was made by Alderman Munns to approve a resolution declaring Official Intent for the Special Service Area No. 2003 -102 ( Raintree Village f/k/a The Highlands) and authorize the Mayor and City Clerk to execute; seconded by Alderwoman Burd. Motion approved by a roll call vote. Ayes -6 Nays -0 Sticka -aye, Besco -aye, Burd -aye, Kot -aye Munns -aye, Ohare -aye (Ordinance) 2003 -35 Establishment of Special Service Area 2003 -102 Raintree Village A motion was made by Alderman Munns to approve an ordinance proposing the establishment of Special Service Area No. 2003 -102 ( Raintree Village f /k/a The Highlands) and authorize the Mayor and City Clerk to execute; seconded by Alderman Besco. Alderman Sticka asked if SSA's were always done in two motions. City Attorney Kramer explained that with dormant SSA's there are both an enabling and establishing ordinance and the SSA is not levied unless the homeowner's association does not maintain the common areas. - Active SSA's such as this declare intent because the City will levy immediately. Motion approved by a roll call vote. Ayes -6 Nays -0 Sticka -aye, Besco -aye, Burd -aye Kot -aye Munns -aye, Ohare -aye ADDITIONAL BUSINESS None. EXECUTIVE SESSION Mayor Prochaska entertained a motion to go into Executive Session for the collective negotiation matters between public employers and their employees or representatives. He asked that the City Treasurer, City Clerk, and City Attorney be included in the session. So moved by Alderman Sticka; seconded by Alderman Kot. The Minutes of the Regular Meeting of the Citv Council - June 24, 2003 - page 6 Motion approved by a roll call vote. Ayes -6 Nays -0 Ohare -aye, Besco -aye Burd -aye, Kot -aye, Mums -aye, Sticka -aye Executive session was entered into at 7:45 P.M. The City Council returned to regular session at 9:27 P.M. ADJOURNMENT Mayor Prochaska entertained a motion to adjourn. So moved by Alderwoman Burd; seconded by Alderman Mums. Motion approved by a viva voce vote. Meeting adjourned at 9:28 P.M. Minutes submitted by: Jacquelyn Milschewski, City Clerk City of Yorkville, Illinois — I I I - I V i CITY COUNCIL MEETING June 24, 2003 PLEASE PRINT NAME: ADDRESS: '/.CDC 30� I I I SIGNIN i I CITY OF YORKVILLE MONTHLY. TREASURERS REPORT FOR THE MONTH OF APRIL AS OF APRIL 30, 2003 REVISED FUND BALANCE REVENUE EXPENSE TRANSFER BALANCE General 1,242,238.91 574,617.85 578,683.68 12,166.90 1,260,128.98 Water 306 408.07 67 589.66 77 630.98 (34,279.50) 262,087.25 Wtr Impry Exp 2,398,398.00 34,829.46 82,968.08 (4,780.50) 2,345,478.88 Motor Fuel 263,900.64 14,425.19 84,835.10 0.00 193,490.73 Mun. Bldg. 66,968.53 15,150.00 21,453.66 11,375.00 72,039.87 Sewer Maint. (99,517.26) 30,822.46 26,005.87 (14,085.30) (108,785.97) Sanitary Sewer 964;870.87 73,514.50 11,677.03 (4;730.50) 1,021,977.84 Land Cash 320,951.45 14,769.00 8,995.00 (88,872.00) 237,853.45 Land Aquistion 58,392.24 0.00 0.00 88,872.00 147,264.24 Working Cash 113,318.41 115.07 0.00 0.00 113,433.48 South Sewer 10,673.50 0.00 0.00 0.00 10,673.50 Trust & Agency (345,924.43) 156,971.19 191,707.74 0.00 (380,660.98) Debt Service (12,200.90) 9,197.16 9,033.27 20,479.80 8,442.79 PD Capital 18,000.62 5,850.00 10,318.62 2,308.30 6,051.30 PW Capital 103,458.98 17,550.00 7,695.00 10,000.00 123,313.98 Fox Indus. 90,016.01 52.37 12,896.25 1,545.80 78,717.93 TOTAL 5,499,953.64 1,015,453.91 1,123,90Q.28 0.00 5,391,507.27 William Powell Treasurer SPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 KEVIN W. McCANNA DAVID F. PHILLIPS LARRY P. BURGER DANIEL D. FORBES BARBARA L. CHEVALIER PRESIDENT SR. VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT June 24, 2003 The Honorable Arthur F. Prochaska, Jr. and Members of the City Council United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Re: United City of Yorkville, Kendall County, Illinois $4,800,000 Debt Certificates, Series 2003 Dear Mayor Prochaska and City Council Members: Bernardi Securities, Inc., Chicago, Illinois and Griffin, Kubik, Stephens & Thompson, Inc., Chicago, Illinois have submitted a bid for the purchase of the $4,800,000 Debt Certificates, Series 2003, being sold by United City of Yorkville, Kendall County, Illinois. Upon examination, it is our opinion that the bid is favorable to the City and should be accepted. We therefore recommend that the bonds be awarded to the bidder at the net interest cost of 4.7938 %. The amounts and rates for each year are as follows: Year Principal Rates 2013 ... ............................... $ 100,000 3.800% 2014 ... ............................... 100,000 3.900% 2015 ... ............................... 100,000 4.000% 2016 ... ............................... 100,000 4.150% 2017 ... ............................... 100,000 4.250% 2018 ... ............................... 300,000 4.350% 2019 ... ............................... 1,000,000 5.000% 2020 ... ............................... 1,000,000 5.000% 2021 ... ............................... 1,000,000 5.000% 2022 1,000,000 5.000% Respectfully submitted, Barbara L. Chevalier Vice President BLC /rmr Enclosure SUITE 4100.ONE NORTH LASALLE STREET • CHICAGO, ILLINOIS 60602 • (312) 346 -3700 • FAX (312) 346 -8833 SUITE 608.531 COMMERCIAL STREET • WATERLOO, IOWA 50701 • (319) 291 -2077 • FAX (319) 291 -8628 Final UNITED CITY OF YORKVILLE $4,800,000 Water Debt Certificates, Series 2003 Wraparound Existing Debt Final DEBT SERVICE SCHEDULE Date Principal Coupon Interest TotalP +I FISCALTOTAL 7/09/2003 - - 6/15/2004 222,787.78 222,787.78 - 12/15/2004 - - 116,575.00 116,575.00 339,362.78 6/15/2005 - - 116,575.00 116,575.00 - 12/15/2005 - - 116,575.00 116,575.00 233,150.00 6/15/2006 116,575.00 116,575.00 - 12/15/2006 116,575.00 116,575.00 233,150.00 6/15/2007 116,575.00 116,575.00 - 12/15/2007 - - 116,575.00 116,575.00 233,150.00 6/15/2008 116,575.00 116,575.00 - 12/15/2008 116,575.00 116,575.00 233,150.00 6/15/2009 116,575.00 116,575.00 - 12/15/2009 116,575.00 116,575.00 233,150.00 6/15/2010 116,575.00 116,575.00 - 12/15/2010 116,575.00 116,575.00 233,150.00 6/15/2011 116,575.00 116,575.00 - 12/15/2011 116,575.00 116,575.00 233,150.00 6/15/2012 116,575.00 116,575.00 - 12/15/2012 116,575.00 116,575.00 233,150.00 6/15/2013 116,575.00 116,575.00 - 12/15/2013 100,000.00 3.800% 116,575.00 216,575.00 333,150.00 6/15/2014 - - 114,675.00 114,675.00 - 12/15/2014 100,000.00 3.900% 114,675.00 214,675.00 329,350.00 6/15/2015 - - 112,725.00 112,725.00 - 12/15/2015 100,000.00 4.000% 112,725.00 212,725.00 325,450.00 6/15/2016 - - 110,725.00 110,725.00 - 12/15/2016 100,000.00 4.150% 110,725.00 210,725.00 321,450.00 6/15/2017 - - 108,650.00 108,650.00 - 12/15/2017 100,000.00 4.250% 108,650.00 208,650.00 317,300.00 6/15/2018 - - 106,525.00 106,525.00 - 12/15/2018 300,000.00 4.350% 106,525.00 406,525.00 513,050.00 6/15/2019 - - 100,000.00 100,000.00 - 12/15/2019 1,000,000.00 5.000% 100,000.00 1,100,000.00 1,200,000.00 6/15/2020 - - 75,000.00 75,000.00 - 12/15/2020 1,000,000.00 5.000% 75,000.00 1,075,000.00 1,150,000.00 6/15/2021 - 50,000.00 50,000.00 - ` 12/15/2021 1,000,000.00 5.000% 50,000.00 1,050,000.00 1,100,000.00 i' 6/15/2022 - - 25,000.00 25,000.00 - 12/15/2022 1,000,000.00 5.000% 25,000.00 1,025,000.00 1,050,000.00 Total 4,800,000.00 - 4,044,312.78 8,844,312.78 - YIELD STATISTICS Accrued Interest from 07/01/2003 to 07/09/ 2003 ................................... ............................... 5,181.11 BondYear Dollars ............................................................................................. ............................... $82,686.67 AverageLife ....................................................................................................... ............................... 17.226 Yeats AverageCoupon ................................................................................................ ............................... 4.8911305% NetInterest Cost ( NIC) ..................................................................................... ............................... 4.7938960% TrueInterest Cost ( TIC) .................................................................................... ............................... 4.7334690% BondYield for Arbitrage Purposes .................................................................. ............................... 4.7690980% AllInclusive Cost ( AIC) .................................................................................... ............................... 5.0314657% IRS FORM 8038 NetInterest Cost ................................................................................................ ............................... 4.6088563% Weighted Average Maturity ............................................................................ ............................... 17.217 Years Speee•fSnancial, 61c. J77c = 1 orki411.0- -Series 2003wa1eq0.4.8nan- SINGLEPURPOSE Hrblic Finance Consultants Since 1954 6/24/200310:45 AM Final UNITED CITY OF YORKVILLE $4,800,000 Water Debt Certificates, Series 2003 Wraparound Existing Debt Final NET DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P +1 Existing D/S Net New D/S 12/15/2003 - - - - - 12/15/2004 339,362.78 339,362.78 25,000.00 364,362.78 12/15/2005 233,150.00 233,150.00 25,000.00 258,150.00 12/15/2006 233,150.00 233,150.00 25,000.00 258,150.00 12/15/2007 - 233,150.00 233,150.00 35,000.00 268,150.00 12/15/2008 - 233,150.00 233,150.00 60,000.00 293,150.00 12/15/2009 - 233,150.00 233,150.00 145,000.00 378,150.00 12/15/2010 - 233,150.00 233,150.00 215,000.00 448,150.00 12/15/2011 - - 233,150.00 233,150.00 285,000.00 518,150.00 12/15/2012 - - 233,150.00 233,150.00 365,000.00 598,150.00 12/15/2013 100,000.00 3.800% 233,150.00 333,150.00 440,000.00 773,150.00 12/15/2014 100,000.00 3.900% 229,350.00 329,350.00 475,000.00 804,350.00 12/15/2015 100,000.00 4.000% 225,450.00 325,450.00 475,000.00 800,450.00 12/15/2016 100,000.00 4.150% 221,450.00 321,450.00 475,000.00 796,450.00 12/15/2017 100,000.00 4.250% 217,300.00 317,300.00 475,000.00 792,300.00 12/15/2018 300,000.00 4.350% 213,050.00 513,050.00 475,000.00 988,050.00 12/15/2019 1,000,000.00 5.000% 200,000.00 1,200,000.00 475,000.00 1,675,000.00 12/15/2020 1,000,000.00 5.000% 150,000.00 1,150 475,000.00 1,625,000.00 12/15/2021 1,000,000.00 5.000% 100,000.00 1,100,000.00 475,000.00 1,575,000.00 12/15/2022 1,000,000.00 5.000% 50,000.00 1,050,000.00 - 1,050,000.00 Total 4,800,000.00 - 4,044,312.78 8 5,420,000.00 14,264,312.78 Speer Financial, Inc. File = Yorkvill s£- Series 2003water(q,4. Snun- SINGLE PURPOSE Public Finance Consultants Since 1954 612412003 10:45 AM i i I I