CCR1992075COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #X-92
AUTHORIZATION TO RESTRUCTURE WATER UTILITY DEBT
WHEREAS, the Water Utility has established long-term advances
long-term debt; and
for its proportionate share of the City's general obligation
WHEREAS, in prior years the Water Utility has adopted a
basis as the City repays its general obligation debt; and
repayment schedule on the long-term advances to be on the same
WHEREAS, the Water Utility, within its rate structure, presently
does not have the ability to repay the long-term advance on the
schedule previously adopted; and
WHEREAS, the City agrees to allow the Water Utility to repay
these long-term advances over a 20-year period at a 6.25%
interest rate.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the
City of Muskego, upon the recommendation of the Public Utilities
Committee, does hereby approve the attached repayment schedule
for City advances to the Water Utility related to City general
obligation long-term debt.
DATED THIS 24TH DAY OF MARCH , 1992.
SPONSORED BY:
PUBLIC UTILITIES COMMITTEE
Ald. Daniel J. Hilt
Ald. William T. Simmons
Ald. David J. Sanders
This is to certify that this is a true and accurate copy of
City of Muskego.
Resolution #75-92 which was adopted by the Common Council of the
3/92cac
CMS 6 CO BRKFLD TEL; 1-414-796-8422 ma,- ?:,y2 IS;S~ NO 013 F @
MUSKEGO WATER PUBLIC UTILITY 02-20-1992 Pg 1
,pounding period...: Annual
Nominal annual rate..! 6.250
Effective annual rate: 6.250
Periodic rate........: 6.2500
Equivalent daily rate: 0.01712
CASH FLOW DATA
Event Date Amount # Period End-date
.........................................
1 Loan 12-31-91 4,001,675.CO 1
2 Payment 12-31-92 355,998.C9 20 Annual 12-31-11
AMORTIZATION SCHEDULE - Normal amortization
Pmt Date
Loan 12-31-1991
1991 totals
1 12-31-1992
1992 totale
2 12-31-1993
1994 totals
4 12-31-1995
1995 totals
5 12-31-1996
1996 totals
6 12-31-1997
1997 totale
7 12-31-1998
1998 totals
1999 totals
8 12-31-1999
2000 totals
9 12-31-2000
2001 totals
10 12-31-2001
12-31-2002
Payment
0.00
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
355,998.09
Interest
0.00
250,104.69
250,104.69
243,486.35
243,486.35
235,454.37
236,454.37
228,982.88
:228,982.88
221,044.43
?21,044.43
212,609.83
212,609.83
:!03,648.06
203,648.06
L94,126.19
1.94,126.19
1,84,009.19
184,009.19
173,259.89
173,259.89
161,838.75
Principal
0.00
105,893.40
105,893.40
112,511.74
112,511.74
119,543.12
119,543.72
127,015.21
127,015.21
134,953.66
134,953.66
143,388.26
143,388.26
152,350.03
152,350.03
161,871.90
161,871.90
171,988.90
171,988.90
182,738.20
182,738.20
194,159.34
Balance
4,001,675.00
3,895,781.60
3,783,269.86
3,663,726.14
3,536,710.93
3,401,757.27
3,258,369.01
3,106,018.98
2,944,147.08
2,772,158.18
2,589,419.98
2,395,260.64
03