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.
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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.
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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.
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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
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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.
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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
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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.
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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.
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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.
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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
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CITY COUNCIL MEETING
June 24, 2003
PLEASE PRINT
NAME: ADDRESS:
'/.CDC
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SIGNIN
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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
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