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01-18-1995 Council Agenda
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01-18-1995 Council Agenda
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VIKING DRIVE WATER MAIN <br />SAMPLE ASSESSMENT CALCULATION <br />Amount To Be Assessed: <br />Interest Rate: <br />Term (Years): <br />$4,600.00 <br />7.75% <br />10 <br />Year Principal Interest '; Total <br />1996 460.00 446.36 906.36 <br />1997 460.00 320.85 780.85 <br />1998 460.00 285.20 745.20 <br />1999 460.00 249.55 709.55 <br />2000 460.00 213.90 673.90 <br />2001 460.00 178.25 638.25 <br />2002 460.00 142.60 602.60 <br />2003 460.00 106.95 566.95 <br />2004 460.00 71.30 531.30 <br />2005 460.00 35.65 495.65 <br />Totals 4,600.00 2,050.61 6,650.61 <br />Note: 1st year's payment assumes assessment <br />is levied on 10/1/95. It includes interest <br />from that date accrued until 12/31/95 <br />pursuant to statutory requirements. <br />Page 10 <br />
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