Haverhill Cooperative School District October 2 Bond Hearing Presentation
1. Haverhill Cooperative School District Bond Hearing and Informational Meeting October 2, 2008 6 pm Dr. John A. Bagonzi Woodsville Community Building
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54. Project Cost (as of 10/2/2008) Total Project Estimate $2,450,016 Funds Already Budgeted - $239,532 Building Trust Fund Used - $80,392 Estimated Loan Required $2,130,092
55. How are we going to Fund the Project Estimated Loan Required $2,130,092 Quality Zone Academy Bonds $1,498,000 Loan for Balance $632,092
56. QZAB Bonds QZAB Bonds Available $1,498,000 Interest Earned over 15 years - $157,290 Building Aid to be received over 15 years - $898,800 QZAB Net Cost to Tax Payers $441,910
57. Loan for Balance of Funds Principal $632,092 Estimated Interest (4.25%) $70,655 Building Aid to be received over 5 years - $379,255 Loan Net Cost to Tax Payers $323,492
58. Net Cost to the Taxpayer QZAB Net Cost to Tax Payers $441,910 Loan Net Cost to Tax Payers $323,492 Building Aid to be Received on Funds already Spent - $167,012 Net Future Cost to the Taxpayer $598,390
59.
60. Haverhill Cooperative School District Special District Meeting Thursday October 23 6 pm Dr. John A. Bagonzi Woodsville Community Building www.sau23.org
