The maximum principal amount of the bonds to be issued for the proposed project is $89,000,000.
Estimated maximum total interest costs is $55,798,500.
The maximum term of these lease (which will secure repayment of the bonds) is 22 years.
The maximum annual lease payment will be $8,120,000.
The maximum aggregate lease payments over the term of the lease will be $144,798,500.
The percent of the school corporation’s maximum annual debt service to assessed value after the bonds are issued will be 0.88%.
The current and overlapping debt to net assessed value ratio is 5.72%
The first-year operating costs (not including the cost for teachers and administrative staff) for the new elementary school are estimated to total $589,828.