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1989 Debt Service Schedule EXHIBIT "C" DEBT SERVICE SCHEDULE BRAUN'S ADDITION Debt service based on total estimated project cost of $154,566.91, 12 year assessment and an estimated 8.75% interest rate. PRINCIPAL YEAR BALANCE ANNUAL PRINCIPAL INTERESr DEBT SERVICE REQUIHED SPEC. ASSESS. TOTAL PAY. BY DEV. IN TAXES OR EREfAYMENT 1989 $154,566.91 $12,880.58 $16,905.76 $29,786.33 $14,893.17 14,893.16 1990 141,686.33 12,880.58 12,397.55 25,278.13 1991 128,805.75 12,880.58 11,270.50 24,151.08 1992 115,925.17 12,880.58 10,143.45 23,024.03 1993 103,044.59 12,880.58 9,016.41 21,896.99 PAGE 20 12,639.07 12,639.06 12,075.54 12,075.54 11,512.02 11,512.01 10,948.50 10,948.49 BY DATE. 5/89 10/89 5/90 10/90 5/91 10/91 5/92 10/92 5/93 10/93 1 I I REQUIRED SPEC. ASSESS. TOTAL PAY. BY DEV. PRINCIPAL ANNUAL DEBT IN TAXES OR BY YEAR BALANCE PRINCIPAL INTEREST SERVICE PREPAYMENT DAT.E. 1994 $90,164.01 $12,880.58 $7,889.35 $20,769.93 $10,384.97 5/94 10,384.96 10/94 1995 77,283.40 12,880.58 6,762.30 19,642.88 9,821.44 5/95 9,821.44 10/95 1996 64,402.85 12,880.58 5,635.25 18,515.83 9,257.92 5/96 9,257.91 10/96 1997 51,522.27 12,880.58 4,508.20 17,388.78 8,694.39 5/97 8,694.39 10/97 1998 38,641. 69 12,880.58 3,381.15 16,261. 73 8,130.87 5/98 8,130.86 10/98 1999 25,761.11 12,880.58 2,254.10 15,134.68 7,567.34 5/99 7,567.34 10/99 2000 12,880.53 12,880.53 1,127.05 14,007.58 7,003.79 5/00 7,003.79 10/00 $91,291.07 $245,857.97 PAGE 21