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$605,000 Serial Bond - 15 years
Level Debt
Prepared For: Village of Gowanda
Prepared By: Municipal Solutions, Inc.
Project: Water
Amount Borrowed: $1,061,075
Less BAN Payments: b456,075)
Amount to Bond: $605,000
Fiscal Principal Total
Year Ending Payment Interest Interest Interest Total Debt Outstanding
May 31: November | Rates November | May | Interest Service Bonds
2028 $15,000 4.250% $28,550.00 $13,956.25 $42,506.25 $57,506.25 $590,000
2029 30,000 4.250% 13,956.25 13,318.75 27,275.00 57,275.00 360,000
2030 30,000 4.250% 13,318.75 12,681.25 26,000.00 36,000.00 530,000
2031 35,000 4.250% 12,681.25 11,937.50 24,618.75 59,618.75 495,000
2032 33,000 = 4.500% 11,937.50 11,150.00 23,087.50 58,087.50 460,000
2033 35,000 4.500% 11,150.00 10,362.50 21,512.50 56,512.50 425,000
2034 40,000 4.625% 10,362.50 9,437.50 19,800.00 59,800.00 383,000
2035 40,000 4.625% 9,437.50 8,512.50 17,950.00 57,950.00 345,000
2036 45,000 4.750% 8,512.50 7443.75 15,956.25 60,956.25 300,000
2037 45.000 4.750% 7,443.75 6,375.00 13,818.75 58,818.75 255,000
2038 45,000 5.000% 6,375.00 5,250.00 11.625.00 56,625.00 210,000
2039 50,000 5.000% 5,250.00 4,000.00 9,250.00 59,250.00 160,000
2040 50,000 5.000% 4,000.00 2,750.00 6,750.00 56,750.00 110,000
2041 55,000 5.000% 2,750.00 1,375.00 4,125.00 59,125.00 535,000
2042 5.000% 1,375.00 0.00 1,375.00 36,375.00 0
TOTALS $147.100.00 $118,550.00 $265,650.00 $870,650.00
Assumes: $605,000 serial bond issued November 3, 2026
Bond Principal Due November |, 2027 / 2041
Bond Interest Due November 1, 2027, and semiannually thereatier on May | anc November |
$605,000 Water $740,000 SB_Water and Fire Truck_{5 Yrs_9-2.26_Gowaada, V