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DATE 01/08/91 <br />COMPUTATION OF TAX LEVY ON -- <br />CITY OF HUGO, MINNESOTA <br />$1,210,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1991 <br />$254,100 <br />LEVY COLLECTION <br />08.0% <br />YEAR YEAR <br />P&I PLUS 5 % <br />ASSESSMENT <br />NET <br />TAX <br />1991/1992 <br />82,698.87 <br />37,268.00 <br />$45,430.87- <br />$45,500 <br />1992/1993 <br />132,158.25 <br />359913.00 <br />$96,245.25- <br />$96,300 <br />1993/1994 <br />1349363.25 <br />349558.00 <br />$999805.25- <br />$999900 <br />1994/1995 <br />1369206.00 <br />339202.00 <br />$1039004.00- <br />$1039100 <br />1995/1996 <br />1379676.00 <br />31,847.00 <br />$105,829.00- <br />$105,900 <br />1996/1997 <br />1389762.75 <br />309492.00 <br />$1089270.75- <br />$108,300 <br />1997/1998 <br />1399455.75 <br />299137.00 <br />$110,318.75- <br />$1109400 <br />1998/1999 <br />1399744.50 <br />27,782.00 <br />$1119962.50- <br />$1129000 <br />1999/2000 <br />1399618.50 <br />269426.00 <br />$1139192.50- <br />$1139200 <br />2000/2001 <br />1399067.25 <br />25,071.00 <br />$1139996.25- <br />$1149000 <br />2001/2002 <br />1389080.25 <br />23,717.00 <br />$1149363.25- <br />$114,400 <br />2002/2003 <br />1369647.00 <br />229361.00 <br />$1149286.00- <br />$114,300 <br />2003/2004 <br />1409007.00 <br />219006.00 <br />$1199001.00- <br />$1199100 <br />2004/2005 <br />132,037.50 <br />199650.00 <br />$1129387.50- <br />$112,400 <br />2005/2006 <br />1299202.50 <br />18,295.00 <br />$110,907.50- <br />$111,000 <br />$19995,725.37 <br />4169725.00 <br />$19579,800 <br />NOTE: BOND PROCEEDS (CAPITALIZED INTEREST) OF $132000.00 <br />WILL BE USED TO PAY $132000.00 OF INTEREST PAYMENTS DUE <br />8/1/1991 2/1/1992, 8/1/1992, 2/1/19939 <br />CAPITALIZED INTEREST, FUNDS AVAILABLE & FUNDS ON HAND <br />HAVE BEEN DEDUCTED FROM THE FIRST YEAR LEVY SHOWN ABOVE. <br />COMPUTER ROUNDING MAY CAUSE DIFFERENCE OF A FEW DOLLARS <br />WHEN CHECKING COLUMN TOTALS WITH TOTALS SHOWN. <br />PROGRAM 'LEVYCALC', COPYRIGHT, EHLERS & ASSOCIATES, INC., 10/15/1984 <br />ZCONVERT1957 <br />