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HomeMy Public PortalAboutPayment SchedulePayette Lakes Water and Sewer District P.O. Box 1566 McCall, Idaho 83638 (208) 634-4111 October 17, 1988 City of McCall Bud Schmidt, Administrator P.O. Box 1065 McCall, ID 83638 RE: Fifth Amendment to Cooperative Agreement between the City and Sewer District Dear Bud: Enclosed please find the corrected payment schedule of Section 2 at page 3 of the Fifth Amendment. As of this date we have not received the October 1, 1988 payment due in the amount of $4,420.50. Please consider this a billing for that amount. If there is a problem please contact our office. Thank-yy.ou..__ -_ for your consideration of this matter. _ �/ Sincerely, ! .d‘�`r, a° CAA Debbie L. Coler Bookkeeper 14.15/2 0 SECTION 1: SALE OF TREATMENT CAPACITY: Pursuant to said Fourth Amendment the present flow allocation of the treatment facility capacity is as follows: 'The District - 53% or 964,000 gallons per day: the City - 47% or 862,000 gallons per day. The District shall sell to the City and the City shall purchase from the; District, 364,000 gallons per day of the District's allocated capacity of the treatment facility. It is the intent of the parties that such sale shall result in a modified allocation of the treatment facilities capacity as follows: The District - 33% or 600,000 gallons per day, the City - 67% or 1,226,000 gallons per day. SECTION 2: PURCHASE PRICE: The purchase price for said capacity shall be the sum of $98,280.00, payable in non -uniform sums as follows: FISCAL APRIL 1 OCTOBER 1 YEAR AMOUNT AMOUNT 1987 $3,841.50 $3,841.50 198E" 4,420.50 A40420W51 1989 4,385.00 4,385.00 1990 4,477.50 4,477.50 1991 4,599.00 , 4,599.00 1992 4,628.00 4,628.00 1993 4,647.00 4,647.00 1994 4,676.00 4,676.00 1995 4,674.50 4,674.50 1996 4,758.50 4,758.50 1997 4,825.00 4,825.00 1998 5,304.00 '5,304.00 1999 4,744.50 4,744.50 2000 4,679.50 4,679.50 2001 4,509.00 4,509.00 2002 4,905.50 4,905.50 2003 2,147.00 2,147.00 2004 1,629.50 • 1,629.50 The above schedule includes interest in the principal sum at the underlying bond rate being services by the District. J FIFTH AMENDMENT - Page 3 SECTION l: SALE OF TREATMENT CAPACITY: Pursuant to said Fourth Amendment the present flow allocation of the treatment facility capacity is as follows: The District - 53% or 964,000 gallons per day; the City - 47% or 862,000 gallons per day. The District shall sell to the City and the City shall purchase from the District, 364,000 gallons per day of the District's allocated capacity of the treatment facility. It is the intent of the parties that such sale shall result in a modified allocation of the treatment facilities capacity as follows: The District - 33% or 600,000 gallons per day, the City - 67% or 1,226,000 gallons per day. SECTION 2: PURCHASE PRICE: The purchase price for said capacity shall be the sum of $98,280.00, payable in non -uniform sums as follows: FISCAL APRIL 1 OCTOBER 1 YEAR AMOUNT AMOUNT _ ==== ======mot====r== =—=si 1987 $3,841.50 $3,841.50 411988, 4,420.50 40a4'20W 1989 4,385.00 4,385.00 1990 4,477.50 4,477.50 1991 4,599.00 4,599.00 1992 4,628.00 4,628.00 1993 4,647.00 4,647.00 1994 4,676.00 4,676.00 1995 4,674.50 4,674.50 1996 4,758.50 4,758.50 1997 4,825.00 4,825.00 1998 5,304.00 '5,304.00 1999 4,744.50 4,744.50 2000 4,679.50 4,679.50 2001 4,509.00 4,509.00 2002 4,905.50 4,905.50 2003 2,147.00 2,147.00 2004 1,629.50 1,629.50 The above schedule includes Interest in the principal sum at the underlying bond rate being services by the District. FIFTH AMENDMENT - Page 3 1 1. / of McCall -Payette Lakes Water : L Y &)Toer „Compounding interval: Semiannual Annual percentage rate 6.057% Effective ive annual rate 6. 149% Rate per compounding period.: 3. 0286% Equivalent daily rate • 0. 01660% Valuation carte.; 03-'21--•1987 Value: $ 98,280. 00 CASH FLOW MITA First data Payment amount -$1- Interval Last date c.;.; --c:> :L .._ 1967 $ 3,841.50 2 Semiannual 10--01--1987 ,'H -O i L`.7l t1 '1, 4,420.50 P riuriii.a:annuaa 1 I t, _0 1 .. 1 J!1!1 4..01- 19i:1') $ 4,38'i.00 2 Semiannual 10-01-1989 F, ►,.7.7...,O r:. Semiannual 10...01... L'.1'ara 04-01-•-1'.-91 $ 4,599.00 2 Semiannual 10---01...-1991 04-01-1992 $ 4,628.00 c: Semiannual 10--01--1 992 rA_-01....1 `)'_ 3 $ 4,647.00 2 ,.�r e.:a miannuaa1 10....01--1993 04-iii._ 1994 $ 4,675.00 2 Semiannual 10-01--1994 04•--0 1 --1 `3` 5 $ 4,674.50 c Semiannual 10--01--1995 04--01-- 1 S96 `l; 4i758.50 P Semiannual 10--01-1996 0 ri --01-- .199 7 $ 4,825.00 2 Semiannual 10-•-01-._ 1.. 97 5,304.00 2 Semiannual 10-•01--1 9a6 ::;4 --01. -1 9`:: 9 $ 4,744.50 E_ Semiannual :1 i j..._01--1': 99 4,679.50 2 Semiannual 1 c:;-0 1-,_0a_;t; 04•--01--2001 $ 4,509.00 2 Semiannual 10--01-:=001 04--01 -"2r:;l. 2 $ 4,905.50 2 Semiannual 1 0 01 --C'(- 02 04-01"-2003 $ 2,.147.00 2 Semiannual 10--01-"C003 0 ii•--01. -4„ e- 04 $ 1,629.50 2 Semiannual 10-01--P004 AMORTIZATION 1i(.:I"lEDULI _ -- Normal amortization - Sep 30 year --Erred Perot Date Payment Principal 1 04--01-• 1987 1.987 totals 3 04 •-01--1':78 1968 totals 1989 totals 3,841.50 841.~0 3, 841.50 4,400.50 4,420.50 4,385. 00 8,805.50 2i:alaance it 03--21_._1` 37 98, _i:':.li00 179.41 3,662.09 '. 4 , f.:',17. 1E1 J 179.41 3,662. i 9 , 865.53 975.87 2,836.07 1,584.43 5,701.70 2., 560.30 93,642.04 92, 05/. a•:-,1 '2, 788. 09 1,632.41 90,44n gar 738. 65 1,646.35 88, 711h f 5; 526. 74 3,278.76 ?AYETTE LAKES -CITY OF MCCALL TREATMENT CAPACITY * 12-21-1987 14:50:35 Pg 1 i Compounding interval: Semiannual annual percentage rate • 6.000% :ffective'annual rate • 6.090% -gate per compounding period.: 3.0000% _quivalent daily rate • 0.01644% aluation date: 04-01-1987 Value: $ 98,280.00 %MORTIZATION SCHEDULE - Normal amortization ?mt Date Payment Interest Principal Balance 4. ' .i Balance at 04-01-1987 98,280.00 1 04-01-1987 2 10-01-1987 _987 totals 3 04-01-1988 4 10-01-1988 1988 totals 5 04-01-1989 6 10-01-1989 1989 totals 7 04-01-1990 8 10-01-1990 1990 totals 9 04-01-1991 10 10-01-1991 1991 totals 11 04-01-1992 12 10-01-1992 1992 totals 13 04-01-1993 14 10-01-1993 1993 totals 15 04-01-1994 3,841.50 3,841.50 7,683.00 4,420.50 4,420.50 8,841.00 4,385.00 4,385.00 8,770.00 4,477.50 4,477.50 8,955.00 4,599.00 4,599.00 9,198.00 4,628.00 4,628.00 9,256.00 4,647.00 4,647.00 9,294.00 4,676.00 0.00 2,833.15 2,833.15 2,802.90 2,754.38 5,557.28 2,704.39 2,653.97 5,358.36 2,602.04 2,545.78 5,147.82 2,487.83 2,424.49 4,912.32 2,359.26 2,291.20 4,650.46 2,221.09 2,148.31 4,369.40 2,073.35 3,841.50 94,438.50 1,008.35 93,430.15 4,849.85 1,617.60 91,812.59 1,666.12 90,146.43 3,283.72 1,680.61 88,465.82 1,731.03 86,734.79 3,411.64 1,875.46 84,859.33 1,931.72 82,927.61 3,807.18 2,111.17 80,816.44 2,174.51 78,641.93 4,285.68 2,268.74 76,373.19 2,336.80 74,036.39 4,605.54 2,425.91 71,610.48 2,498.69 69,111.79 4,924.60 2,602.65 66,509.14 BARRETT TRAVIS & JEFFRIES CHTD CERTIFIED PUBLIC ACCOUNTANTS BOISE IDAHO LAKES -CITY OF MCCALL TREATMENT CAPACITY 12-21-1987 14:50:35 Pg 2 Date Payment Interest Principal 6 10-01-1994 4,676.00 1,995.27 2,680.73 994 totals 9,352.00 4,068.62 5,283.38 17 04-01-1995 4,674.50 1,914.85 2,759.65 18 10-,01-1995 4,674.50 1,832.06 2,842.44 995 totals 9,349.00 3,746.91 5,602.09 19 04-01-1996 4,758.50 1,746.79 20 10-01-1996 4,758.50 1,656.44 996 totals 9,517.00 3,403.23 21 04-01-1997 22 10-01-1997 997 totals 23 04-01-1998 24 10-01-1998 998 totals 25 04-01-1999 26 10-01-1999 999 totals 27 04-01-2000 28 10-01-2000 000 totals 29 04-01-2001 30 10-01-2001 001 totals 31 04-01-2002 32 10-01-2002 002 totals 33 04-01-2003 34 10-01-2003 )03 totals 35 04-01-2004 36 10-01-2004 )04 totals 'and totals 4,825.00 1,563.38 4,825.00 1,465.53 9,650.00 3,028.91 5,304.00 1,364.74 5,304.00 1,246.57 10,608.00 2,611.31 4,744.50 1,124.84 4,744.50 1,016.25 9,489.00 2,141.09 4,679.50 904.41 4,679.50 791.15 9,359.00 1,695..56 4,509.00 674.50 4,509.00 559.47 9,018.00 1,233.97 4,905.50 440.98 4,905.50 307.05 9,811.00 748.03 3,011.71 3,102.06 6,113.77 3,261.62 3,359.47 6,621.09 3,939.26 4,057.43 7,996.69 3,619.66 3,728.25 7,347.91 3,775.09 3,888.35 7,663.44 3,834.50 3,949.53 7,784.03 4,464.52 4,598.45 9,062.97 2,147.00 169.09 1,977.91 2,147.00 109.76 2,037.24 4,294.00 278.85 4,015.15 1,629.50 48.64 1,580.86 1,629.50 1,589.09 40.41 3,259.00 1,637.73 1,62.1.27 155,703.00 57,423.00 98,280.00 Balance 63,828.41 61,068.76 58,226.31 55,214.61 52,112.55 48,850.93 45,491.46 41.552.20 37,494.7/ 33,875.11 30,146.86 26,371.77 22,483.42 18,648.92 14,699.39 10,234.87 5,636.42 3,658.51 1,621.27 40.41 0.00 BARRETT TRAVIS & JEFFRIES CHTD CERTIFIED PUBLIC ACCOUNTANTS BOISE IDAHO