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Okaloosa County BOCC — October 5, 2013 — Mark Galvin Analysis Summary — reading text
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Okaloosa County, Florida
Analysis Summary of: Sales Tax Revenue Bonds, Series 2013
Scenario NBQ Bank Loan
SS 20 Years
Project Amount $10,000,000
Net Proceeds $10,550,000
Average Annual Debt Service $819,438
Total Debt Service $16,388,750
Debt Service Reserve -
Allein TIC 4.58%
AGM Insured Bond Issue
30 Years
$10,000,000
$10,765,000
$675,475
$20,264,238
Surety Policy
4.79%
- Preliminary and Subject to Change
- Assumes Capitalized Interest through 10/1/2014
- Estimated cost of issuance for bond issue is approximately $130k & $6.5 UW per bond
- Estimated cost of issuance for bank loan is $75k
- Estimated Bond Insurance & Surety Policy for Bond Issue
- Uninsured AA/A+ Market Rates +25 bps as of EOD 9/23/2013
- Estimated NBQ Bank Rate + 25 bps as of 9/23/2013