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4/17/2024 <br />8 <br />Assessment Payback Table <br />Residential <br />Example: 4.0% Interest Rate - $1,532 Assessment <br />Year Principal <br />Principal <br />Paid Interest Annual <br />County Fee Total Collectible <br />Year <br />1 $1,532.00 $153.20 $61.28 $1.50 $215.98 2024 <br />2 $1,378.80 $153.20 $55.15 $1.50 $209.85 2025 <br />3 $1,225.60 $153.20 $49.02 $1.50 $203.72 2026 <br />4 $1,072.40 $153.20 $42.90 $1.50 $197.60 2027 <br />5 $919.20 $153.20 $36.77 $1.50 $191.47 2028 <br />6 $766.00 $153.20 $30.64 $1.50 $185.34 2029 <br />7 $612.80 $153.20 $24.51 $1.50 $179.21 2030 <br />8 $459.60 $153.20 $18.38 $1.50 $173.08 2031 <br />9 $306.40 $153.20 $12.26 $1.50 $166.96 2032 <br />10 $153.20 $153.20 $6.13 $1.50 $160.83 2033 <br />$1,532.00 $337.04 $15.00 $1,884.04 <br />Interest Payment Declines as Principal is Paid <br />•Council Authorizes Feasibility June 13, 2023 <br />(1st of 8 Meetings) <br />•Council Accepts Feasibility September 12, 2023 <br />(2nd of 8 Meetings) <br />•1st Public Informational Meeting October 11, 2023 <br />(3rd of 8 Meetings) <br />•Council Approves Plans November 28, 2023 <br />(4th of 8 Meetings) <br />•2nd Public Informational Meeting January 10, 2024 <br />(5th of 8 Meetings) <br />16 <br />Project Schedule