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A013 - SRF Closing Documents - 419370-77-v1
2 Loan Closing Date Nov 15, 2024 Initiation Fee - Nov 15, 2024 100,000.00 Final Disbursement Date Jul 2, 2027 P & D Payoff - Nov 15, 2024 - Final Maturity Date Jun 1, 2046 Estimated Draw #1- Nov 15, 2024 6,508,000.00 Loan Period in Years 20 Estimated Draw #2- Feb 21, 2025 6,508,000.00 Total Loaned Amount 65,185,000.00$ Estimated Draw #3- May 30, 2025 6,508,000.00 0.5% Initiation Fee 100,000.00 Estimated Draw #4- Sep 5, 2025 6,508,000.00 Net Proceeds to Borrower 65,085,000.00$ Estimated Draw #5- Dec 12, 2025 6,508,000.00 Annual Interest Rate 2.43%Estimated Draw #6- Mar 20, 2026 6,508,000.00 Total Interest 19,451,025.79$ Estimated Draw #7- Jun 26, 2026 6,508,000.00 Servicing Fee Rate 0.25%Estimated Draw #8- Oct 2, 2026 6,508,000.00 Total Servicing Fees 2,001,134.35$ Estimated Draw #9- Jan 8, 2027 6,508,000.00 Total Loan Costs 21,552,160.14$ Estimated Draw #10- Apr 16, 2027 6,508,000.00 Held for Final Docs - Jul 2, 2027 5,000.00 Total Loaned Amount 65,185,000.00 Payment Date Beginning Balance Principal Interest Servicing Fee Total Loan Payment Total Annual Debt Service Ending Balance Jun 1, 2025 13,116,000.00 131,352.84 13,513.67 144,866.51 144,866.51 13,116,000.00 Dec 1, 2025 26,132,000.00 276,649.83 28,461.92 305,111.75 26,132,000.00 Jun 1, 2026 39,148,000.00 422,933.40 43,511.67 466,445.07 771,556.82 39,148,000.00 Dec 1, 2026 52,164,000.00 569,656.26 58,606.61 628,262.87 52,164,000.00 Jun 1, 2027 65,180,000.00 100,000.00 716,379.12 73,701.56 890,080.68 1,518,343.55 65,080,000.00 Dec 1, 2027 65,085,000.00 790,772.29 81,355.17 872,127.46 65,085,000.00 Jun 1, 2028 65,085,000.00 1,875,000.00 790,782.75 81,356.25 2,747,139.00 3,619,266.46 63,210,000.00 Dec 1, 2028 63,210,000.00 768,001.50 79,012.50 847,014.00 63,210,000.00 Jun 1, 2029 63,210,000.00 2,475,000.00 768,001.50 79,012.50 3,322,014.00 4,169,028.00 60,735,000.00 Dec 1, 2029 60,735,000.00 737,930.25 75,918.75 813,849.00 60,735,000.00 Jun 1, 2030 60,735,000.00 2,867,000.00 737,930.25 75,918.75 3,680,849.00 4,494,698.00 57,868,000.00 Dec 1, 2030 57,868,000.00 703,096.20 72,335.00 775,431.20 57,868,000.00 Jun 1, 2031 57,868,000.00 2,944,000.00 703,096.20 72,335.00 3,719,431.20 4,494,862.40 54,924,000.00 Dec 1, 2031 54,924,000.00 667,326.60 68,655.00 735,981.60 54,924,000.00 Jun 1, 2032 54,924,000.00 3,023,000.00 667,326.60 68,655.00 3,758,981.60 4,494,963.20 51,901,000.00 Dec 1, 2032 51,901,000.00 630,597.15 64,876.25 695,473.40 51,901,000.00 Jun 1, 2033 51,901,000.00 3,104,000.00 630,597.15 64,876.25 3,799,473.40 4,494,946.80 48,797,000.00 Dec 1, 2033 48,797,000.00 592,883.55 60,996.25 653,879.80 48,797,000.00 Jun 1, 2034 48,797,000.00 3,187,000.00 592,883.55 60,996.25 3,840,879.80 4,494,759.60 45,610,000.00 Dec 1, 2034 45,610,000.00 554,161.50 57,012.50 611,174.00 45,610,000.00 Jun 1, 2035 45,610,000.00 3,273,000.00 554,161.50 57,012.50 3,884,174.00 4,495,348.00 42,337,000.00 Dec 1, 2035 42,337,000.00 514,394.55 52,921.25 567,315.80 42,337,000.00 Jun 1, 2036 42,337,000.00 3,360,000.00 514,394.55 52,921.25 3,927,315.80 4,494,631.60 38,977,000.00 Dec 1, 2036 38,977,000.00 473,570.55 48,721.25 522,291.80 38,977,000.00 Jun 1, 2037 38,977,000.00 3,450,000.00 473,570.55 48,721.25 3,972,291.80 4,494,583.60 35,527,000.00 Dec 1, 2037 35,527,000.00 431,653.05 44,408.75 476,061.80 35,527,000.00 Jun 1, 2038 35,527,000.00 3,543,000.00 431,653.05 44,408.75 4,019,061.80 4,495,123.60 31,984,000.00 Dec 1, 2038 31,984,000.00 388,605.60 39,980.00 428,585.60 31,984,000.00 Jun 1, 2039 31,984,000.00 3,638,000.00 388,605.60 39,980.00 4,066,585.60 4,495,171.20 28,346,000.00 Dec 1, 2039 28,346,000.00 344,403.90 35,432.50 379,836.40 28,346,000.00 Jun 1, 2040 28,346,000.00 3,735,000.00 344,403.90 35,432.50 4,114,836.40 4,494,672.80 24,611,000.00 Dec 1, 2040 24,611,000.00 299,023.65 30,763.75 329,787.40 24,611,000.00 Jun 1, 2041 24,611,000.00 3,836,000.00 299,023.65 30,763.75 4,165,787.40 4,495,574.80 20,775,000.00 Dec 1, 2041 20,775,000.00 252,416.25 25,968.75 278,385.00 20,775,000.00 Jun 1, 2042 20,775,000.00 3,938,000.00 252,416.25 25,968.75 4,216,385.00 4,494,770.00 16,837,000.00 Dec 1, 2042 16,837,000.00 204,569.55 21,046.25 225,615.80 16,837,000.00 Jun 1, 2043 16,837,000.00 4,044,000.00 204,569.55 21,046.25 4,269,615.80 4,495,231.60 12,793,000.00 Dec 1, 2043 12,793,000.00 155,434.95 15,991.25 171,426.20 12,793,000.00 Jun 1, 2044 12,793,000.00 4,152,000.00 155,434.95 15,991.25 4,323,426.20 4,494,852.40 8,641,000.00 Dec 1, 2044 8,641,000.00 104,988.15 10,801.25 115,789.40 8,641,000.00 Jun 1, 2045 8,641,000.00 4,263,000.00 104,988.15 10,801.25 4,378,789.40 4,494,578.80 4,378,000.00 Dec 1, 2045 4,378,000.00 53,192.70 5,472.50 58,665.20 4,378,000.00 Jun 1, 2046 4,378,000.00 4,378,000.00 53,192.70 5,472.50 4,436,665.20 4,495,330.40 0.00 Estimated Amortization Schedule City of Ames Sewer Revenue Bond CS-1921109-01 Loan summary Estimated Draw Schedule As of 10/16/2024 INVESTING IN IOWA'S WATER www.iowasrf.com