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, <br />~ <br />~ <br />~ <br />y <br />~ <br />~ <br />~ <br />a <br />~ <br />~ <br />~ <br />~ <br />~ <br />1 <br />~ <br />t <br />~ <br />~ <br />V <br />n <br />0 <br />e <br />n <br />~ <br />~ <br />n <br />0 <br />a <br />~ <br />~ <br />~ <br />~ <br />~ <br />_ <br />u <br />~o <br />0 <br />gY~= '~5cott Clements" <sclemeGransport.com> <br />To~ "Hitesh Parekh" <hparekhAopen.org> <br />Date: 8/1B/99 12:08pm <br />Subjects CH2 amortization schedule and Surplus Proceeds prepayment <br />Ritesh, <br />I am attact~ing the CH2 amortization schedule as backup to the one I faxed yesterday. The analyais that you <br />sent us was basically correct, except it did not include the period duz'ing which the Project is payin9 <br />interest only. <br />On the subject of prepayment from surplus proceeds that Billy called me on, the County muet call <br />certificates according to the provisions that appear in summary form oa page 13 of tbe final official <br />statement. You can choose which certificatea you wish to prepay and you pay only par (face value) plus <br />accrued interest. in other words, you pay no preaiurn. The analyais you aent me Hitesch suggested cal2ing <br />the long 5b bonds and we~d agree with that. our resulting savings number waa elightly larger ($9,45oK) than <br />the one contained in the analysis you sent me, but certainly in the same ballpark. I have not taken the <br />time to reconcile the difference and won't unlesa you instruct me otherwise. <br />I'll be in the office today and Thursday, but will travelling on Friday. Call me with any questions or <br />cotmnents . <br />Regards, <br />S~ott <br />CC: "Billy wasson" <bwasson@icspen.org> <br />g~~~~qq <br />80~ , <br />~ L.,: S ~ S w~'~0.~t ~ ~o{- <br />~0.~k ~~ S~a~}. <br />1'rU, n~ti„ ~'~ ~h~ d~o r''u.~-c.. <br />pt1 }- ~- o.,t 1~t~. C o<< Lu~,-~~ <br />~In~i S • <br />T~~ ~ <br />HD <br />