Sales Price $650,000 $750,000
Expected Residential Units 200 200
Current Total Tax Rate 1.34% $8,710 $10,050
Bond Interest Rate 4.50%
Capitalized Interest 12 Months
Annual % Increase in Special Tax 2.00%
Proposed Total Tax Rate 1.80% $11,700 $13,500
Proposed CFD Tax $2,990 $3,450
Expected Maximum Tax Revenues $1,288,000
Construction Costs Funded by Bonds $19,837,270
Reserve Fund $2,079,401
Capitalized Interest $1,089,779
Issuance Costs / Underwriter's Discount $1,210,866
Total $24,217,316
Proposed Total Tax Rate 1.90% $12,350 $14,250
Proposed CFD Tax $3,640 $4,200
Expected Maximum Tax Revenues $1,568,000
Construction Costs Funded by Bonds $24,156,467
Reserve Fund $2,532,152
Capitalized Interest $1,327,058
Issuance Costs / Underwriter's Discount $1,474,509
Total $29,490,186
Proposed Total Tax Rate 2.00% $13,000 $15,000
Proposed CFD Tax $4,290 $4,950
Expected Maximum Tax Revenues $1,848,000
Construction Costs Funded by Bonds $28,460,550
Reserve Fund $2,983,319
Capitalized Interest $1,563,507
Issuance Costs / Underwriter's Discount $1,737,230
Total $34,744,606
Goodwin Consulting Group, Inc. 11/04/2021
SCENARIO 1: 1.80%
SCENARIO 3: 2.00%
ASSUMPTIONS
City of Hercules
Tax Rate Alternatives
SCENARIO 2: 1.90%