INTERIM AGREEMENT FOR PAYMENT OF CAPITAL COSTS
OF CLEAN WATER PROGRAM PROJECTS
This Interim Agreement for Payment of Capital Costs of Clean Water Program Projects ( "Interim Agreement") is entered into by and between the City of San Mateo (the "City"), the Crystal Springs County Sanitation District ("District"), and the County of San Mateo ("County") and is based on the following:
A. The City, District, and County are parties to a Sanitary Sewage Agreement entered into as of July 18, 1989 (the "1989 Agreement"). The Town of Hillsborough ("Hillsborough") is also party to the 1989 Agreement. The 1989 Agreement has been the subject of three prior amendments. The 1989 Agreement governs the operation of certain shared facilities for the transportation and treatment of sanitary sewage, allocation of costs for maintenance and improvement of the shared facilities, and allocation of treatment costs.
B. The wastewater generated by the City, Hillsborough, the County, and the District is subject to regulation under a National Pollution Discharge Elimination System permit (the "NPDES permit").
C. The City, Hillsborough, the County, and the District are subject to Cease and Desist Order R2-2009-0020, which required certain improvements to the shared facilities.
D. The City has begun construction on a comprehensive suite of capital improvements referred to as the "Clean Water Program," including capital improvements to the sewage treatment plant owned by the City and Foster City and operated by the City (the "Wastewater Treatment Plant" or "WWTP").
E. The City, Hillsborough, the County, and the District have been negotiating a fourth amendment to the 1989 Agreement to allocate capital costs for the Clean Water Program.
The fourth amendment has not been finalized. The parties continue to discuss terms which need to be resolved in order to finalize the fourth amendment.
In June 2022, the City and Hillsborough entered into an Interim Agreement for Payment of Capital Costs of Clean Water Program Projects (the "2022 Hillsborough Agreement"), which included a payment schedule for capital costs, eligibility for an Alternative Allocation of Project Costs for Hillsborough, review and installation of a new permanent flow meter near Polhemus Road in Hillsborough, and other procedures.
G. The District and County acknowledge their responsibilities to pay for their shares of the capital costs of the Clean Water Program and have been making payments of the actual costs through quarterly billings toward such capital costs on an interim pay-as-you-go basis until the fourth amendment is finalized. The District's and County's Percentage Shares consist of Project Costs incurred by City beginning in October 2014 through the completion of construction of Clean Water Program Projects.
G. The City is agreeable to receiving the remaining District and County payments of capital costs pursuant to an amortized schedule from the District and County and cooperate on other procedures between the three agencies until the fourth amendment can be finalized.
Now, therefore, for good and valuable consideration, the City, District, and County agree as follows:
AGREEMENT
Section 1. Definitions
The following definitions apply to the terms used in this Interim Agreement. "Clean Water Program" means the suite of capital improvement projects to the City's sewer collection system and WWTP that are necessary for capacity assurance and reliability, and to meet regulatory compliance requirements contained in the Cease and Desist Order and NPDES permits.
"Clean Water Program Projects" means those projects listed in Exhibit A which provide a benefit to the District and County and for which the District, County, and others will be responsible for a share of capital costs.
"Effective Date" means the date on which this Interim Agreement is last signed by the parties. "El Cerrito Meter" means the flow meter installed at El Cerrito Avenue near Gramercy Drive, which measures sewage flows contributed by the City/Town/District/County. "2022 Hillsborough Agreement" means the Interim Agreement for Payment of Capital Costs of Clean Water Program Projects between the City and Hillsborough effective June 29, 2022. "Maximum Allowable Flow" means the maximum volume of wastewater, expressed in millions of gallons per day (MGD), that Hillsborough, District, and County are authorized to convey through the El Cerrito Meter and the Yew/Borel Trunk Sewer.
Based on a "Minor Party Cost Share Approaches" Technical Memorandum prepared by Jacobs as revised October 12, 2020, the Maximum Allowable Flows for the District is 4.8 MGD and the County is 0.4 MGD.
"Metered Flows" refers to the calculation of each party's flows through various meters, as set forth in Section 5 (Calculation of Flows) of the 1989 Agreement. "Percentage Share" means the District's and County's shares of Project Costs and are calculated by dividing the parties' Maximum Allowable Flow by the maximum capacity at which a collection system or treatment facility is designed to operate. The Percentage Share for various Project Costs is set forth in Exhibit A; the Project Costs are subject to adjustment as set forth in this Interim Agreement. The general methodology for calculating the parties' percentage shares based on Maximum Allowable Flows is illustrated in the excerpts from the Technical Memorandum attached to this Interim Agreement as Exhibit A-l; provided, that the provisions in the body of this Interim Agreement shall control over the contents of Exhibit A-1. "Project Costs" means all costs incurred by City to develop, finance, implement, and complete construction of Clean Water Program Projects, including costs of construction contracts, professional consultant services, material and equipment procurement, compliance with regulatory requirements and mitigation measures, real property acquisitions, legal services, finance and economic consultants, and staff costs. In addition, Project Costs include any liability the City incurs in performing the work associated with Clean Water Program Projects and any claims adjusting, claims investigation, and costs incurred in defending claims (including reasonable attorney fees) brought by any consultant, contractor or third party for damages arising out of the prosecution of the Clean Water Program Projects. "Project Costs" does not include components of the Clean Water Program which do not benefit the District and County and the costs for which are not allocated to it under this Interim Agreement.
Section 2. Interim Payment of Capital Costs
All financial participation requirements established in previous amendments to the 1989 Agreement and the 1989 Agreement remain in force and are not modified by this Interim Agreement.
City, District, and County acknowledge that City is responsible for acquiring financing for Clean Water Program Costs, and has done so through a line of credit, series of sewer revenue bonds issued in 2019, and loans through programs administered under the Federal Water Infrastructure Finance and Innovation Act and Clean Water State Revolving Fund program.
For purposes of calculating its payments under this Interim Agreement, District's and County's Percentage Share of Project Costs shall be:
Table 1
Clean Water Program Projects Section District / County Percentage Shares WWTP Projects 5.2% / 0.4%
Dale Avenue Pump Station Projects 5.6% / 0.4%
Underground Flow Equalization System Project 5.6% / 0.4% Program Management Office 3.9% / 0.3%
District and County agree to reimburse the City for Project Costs incurred in accordance with the percentage shares shown in Table 1, above. Payment of these amounts for the District and County are shown in Exhibit B and Exhibit C, respectively.
The District and County shall make quarterly payments in accordance with Exhibit B and Exhibit C, respectively, until this Interim Agreement is replaced with the fourth amendment or other permanent arrangement. These interim payments shall be in addition to the periodic charges for wastewater treatment services. Exhibit B and Exhibit C' amortize the remaining Project Costs on a 30-year basis. The District and County may prepay its share of the remaining Project Costs, in whole or in part and from time to time, without penalty. The District and County agree they shall provide the City with at least 30 days advance notice should they intend to prepay any of their share of the remaining Project Costs in any amount exceeding the scheduled payments described in Exhibit B and Exhibit C. The District, County, and City will thereafter amend Exhibit B and Exhibit C accordingly to reflect the parties' said prepayment of its share of Project Costs over the remaining years of the original 30-year amortization period pursuant to Section 9 of this Interim Agreement.
Prior invoices for capital costs issued by the City to the District and County and any payments by the District and County for such costs have been incorporated into Exhibit B and Exhibit C.
The District and County acknowledge the Percentage Shares were developed using a hydraulic model of the District's and County's Maximum Allowable Flow and the design capacity of the facilities to be constructed as part of the Clean Water Program and intended to be used for capital planning over the course of the Clean Water Program. The District's and County's Percentage Shares will remain unchanged, even if actual flows do not exceed Maximum Allowable Flow.
The City shall provide an annual report to the District and County regarding the progress of the Clean Water Program including percentage of completion of components of the Clean Water Program and expected completion dates, Project Costs, interest rates, cost overruns, design changes, and other pertinent financial information. The report shall be provided within 60 days of the end of each fiscal year while the Clean Water Program Improvements are being constructed and at the end of the Clean Water Program.
Section 3. Reserved
Section 4. Reserved
Section 5. Payment
The District and County agree to pay their Percentage Shares of Project Costs incurred by the City for Clean Water Program Projects. The District and County agree to pay their Percentage Shares of Project Costs to City in installments as set forth in Exhibit B and Exhibit C for the duration of this Interim Agreement.
Installment payments will commence 30 days after the Effective Date and continue until the full amount of Project Costs and interest has been paid, not exceeding 30 years from the Effective Date, as provided in this Interim Agreement. The amount of the installments will be based on the cost estimates for the Clean Water Program Projects on the effective date of this Interim Agreement, plus interest based on the weighted average of any financing and refinancing obtained for the Clean Water Program Projects. Installment payment amounts will be reduced by the initial payment, as identified in Section 2, and by the amounts paid to the City by the District and County for the flow-based percentage of actual costs incurred in connection with Clean Water Program Projects during the period between October 2014 and the Effective Date.
Upon completion of construction of the Clean Water Program Projects, the City will recalculate the amount of the installments to reflect the final Project Costs, plus interest as provided in this section, and re-amortize these costs for the balance of time remaining in Exhibit B and Exhibit C.
The District and County acknowledge that the amount of the installments may increase or decrease based on actual Project Costs. In the event that the final Project Costs exceed the estimated Project Costs as of the Effective Date by more than 10% on a cumulative basis, the District and County may request that the final Project Costs be re-amortized for a 30-year period from Project completion.
The City will meet and confer with the District and County on any new projects in addition to those described in Exhibit A that will have a material effect on the Project Costs payable by them.
Section 6. Late Payment
For any amounts invoiced and not paid to the City within 60 days, District and County agree to pay to City a late charge equal to 1.5% of the overdue amount. This late charge is a reasonable sum that takes into consideration all the circumstances existing on the date of this Interim Agreement and is a fair and reasonable estimate of the costs and expenses that will be incurred by City due to the District's and County's failure to make timely payments. The parties agree that it would be impracticable or extremely difficult to fix the actual damages resulting to City from the District's and County's failure to make timely payments.
Section 7. Payment Required During Dispute
The City, District, and County agree to comply with their respective obligations under this Interim Agreement, including full payment of Project Costs as invoiced, while resolution of any disputes under this Interim Agreement or the 1989 Agreement are pending.
Section 8. Survival
In the event that the 1989 Agreement is terminated or found to be unenforceable, the provisions of this Interim Agreement shall remain in effect as the funding mechanism for the District's and County's share of the Clean Water Program Projects as defined herein.
Section 9. Amendments and Amendment to Conform to New Agreement In the event that the City agrees to terms with Hillsborough, District, and/or County in a subsequent modification of the 1989 Agreement or another agreement that are more favorable than those set forth in this Interim Agreement, the District and County shall be entitled to the benefit of the same terms, which shall be applied retroactively and prospectively.
In the event the District and County prepay their share of Project Costs as described in Section 2 of this Interim Agreement, the City of San Mateo's City Manager and the County Executive Officer are hereby authorized to amend the District's and County's payment schedule(s) as reflected in Exhibit B and Exhibit C. Any other amendment to this Interim Agreement unrelated to the payment schedule shall continue to require approval from the parties' respective legislative bodies.
Section 10. Limitations
The terms of the 1989 Agreement, as amended, shall continue in full force and effect, including its procedures for quarterly billing and annual reconciliation for operation and maintenance costs, except that the City, District, and County agree to modify their rights and obligations with respect to each other as provided in this Interim Agreement and do not intend to affect the rights or obligations of Hillsborough. This Interim Agreement shall not affect the allocation of costs for non-CWP capital improvement costs, or other services under the 1989 Agreement.
This Interim Agreement affects the cost allocation for the Clean Water Program as designed as of the Effective Date. Any future capital projects, including modifications to the WWTP or sewage transmission lines, shall be the subject of an amendment to the 1989 Agreement.
In the event of a conflict between the terms of this Interim Agreement and the terms of the 1989 Agreement, as amended, the terms in this Interim Agreement shall control.
ATTEST: City of San Mateo
Martin McTaggart Alex Khojikian Date
City Clerk City Manager
APPROVED AS TO FORM:
Prasanna W. Rasiah
City Attorney
ATTEST: County of San Mateo
Deputy Clerk of the Board Mike Callagy Date
County Executive Officer
APPROVED AS TO FORM:
Brian Wong
County Attorney
ATTEST: Crystal Springs County Sanitation District
Deputy Clerk of the District Clerk of the Board Date
Governing Board of the District
APPROVED AS TO FORM:
Brian Wong
District Attorney
Exhibit A - Town/District/County Clean Water Program Project Costs with Percentage Share Project Estimate at San Mateo Shared SM Costs Town District County Vumbe Project Name Project Description Completion* Share (vs with Regional Foster City) Customers % EAC
% EAC EAC
Implementation of the CWP including establishment of the Program Managemen Program Management Office (PMO), management of staff and resources, Program Controls, constructior 469981 Clean Water Program management oversight, permitting, environmental documentation, document (CWP) content came and sananagemen, and development and implementaton of $ 72,672,093 87.94% $ 63,907,839 5.7% $ 3,642,746.80 3.9% $ 2,492,405.70 0.3% $ 191,723.52 WWTP Immediate
46T002 Action projects (IAP)
Package 1
$ 18,621,628 75.88% $ 14,130,091 7.6% $ 1,073,886.94 5.2% $ 734,764.75 0.4% $ 56,520.37 construction of a new preliminary and primary treatment facility and the eplacement of an existing secondary treatment process at the WWTP to 46T003
Management Upgrade as well as produce a high-quality effluent, addressing requirements of the NPDES and Expansion Project permit. The project includes a new administration building that will house the SCADA system, a new warehouse for equipment and parts storage, and the conversion of the existing aeration basin to an equalization basin. $ 540,176,708 75.88% $ 409,886,086 7.6% 531,151,342.54 5.2% $ 21,314,076.47 0.4% $ 1,639,544.34 46T009 WWTP IAP Package 2
improvements to the effluent pump station and solids handling system. 75.88% $ 10,558,040 802,411.01 0.4% $ $ 13,914,127 7.6% S 5.2% S 549,018.06 42,232.16
Replacement, repair, and modification to provide redundancy of various existing 46T010 WWTP IAP Package 3 WWTP components at the effluent pump station including replacement of MCCs. variable frequency drives (VFD), valves, and HVAC equipment. 75.88% $ 11,344,640 7.6% 5 $ 14,950,765 862,192.68 5.2% S 589,921.31 0.4% $ 45,378.56 Annual Major
46T090 Components (Recurring flow meters, the effluent pump station, dichlorination system, solids handling Project) - WWTP system, HVAC and odor control, site drainage, aeration basin blowers, primary sludge pumps, dewatering equipment, and electrical equipment. $ 8,826,138 75.88% $ 6,697,274 7.6% 5 508,992.79 5.2% $ 348,258.22 0.4% $ 26,789.09 DAPS Wet Well
469942 Rehabilitation
1,744,140 100.00% S 1,744,140 8.2% S 143,019.48 5.6% S 97,671.84 0.4% S 6,976.56 Basin 2 & 3 - DAPS
465003 Improvements
enhancements to wetwell. Rehabilitation of the existing forcemains. $ 29,629,424 100.00% $ 29,629,424 8.2% $ 2,429,612.79 5.6% $1,659,247.76 0.4% $ 118,517.70 Basin 2 & 3 instruction of a 5.3 million gallon below grade tank for in-system equalizatio 465003 Underground Flow storage at the San Mateo County Event Center, associated diversion sewers, force Equalization System mains, and pump station I$ 84,679,710 100.00% $ 84,679,7108.2% S 6,943,736.235.6%S 4,742,063.77 | 0.4% $ 338,718.84 TOTAL $ 785,214,733 $ 632,577,244 TS 47,557,941 32,527,428 2,466,401 Notes
*Values are based on the Clean Water Program estimates as of April 2022 Exhibit A-1 - Crystal Springs County Sanitation District Cost share for DAPS & UFES: Proportion of Flow from DAPS:
Flow contributions through El Cerrito District 129 mgd 403 magd + 73ml = 569% District = 5.6% * 61 mgd = 3.4 mgd Meter:
• Town = 6.8 mgd Cost share for WWTP:
• District = 4.8 mgd ---
• County = 0.4 mgd Total Flow to DAPS & UFES = 86.2 mgd 3.4 mgd District =
• City = 0.9 mgd 12.9 mgd + 73 mgd + 0.3 mgd 78 mgd - 12,2 mgd = 5,2% TOTAL = 12.9 mgd
Minor
DAPS WWTP
Parties
61 mgd 78 mgd
& City
Other City
Foster City
Flows
12.2 mgd
UFES 4.8 mgd
City flows = 73 mgd
(Based on 2014 Master Plan)
Town DAPS - Dale Avenue Pump Station
UFES - Underground Flow Equalization System
WWTP - Wastewater Treatment Plant
Mgd - million gallons per day
Town Flow from Yew / Borel= 0.3 mgd
1. Flow includes Bay Meadows PS, Flint PS, and Mariners Island.
Exhibit B: CSCSD Clean Water Program Costs - Loan Amortization Schedule Loan Summary
Clean Water Program Costs $ 32,527,427.88 Scheduled Quarterly Payment S 206,568.49 Payment Made to Date? $ 13,691,878.51 Scheduled Number of Payments 120 Remaining Contribution/Loan Amount? $ 18,835,549.37 Actual Number of Payments 120 Annual Interest Rate® 1.91% Total Interest $ 5,952,668.91 Loan Period (Years) 30
Number of Payments per Year 4 'Estimated share of CWP project costs as of 4/2022 estimates; subject to change based on final actual costs.
Start Date of Loan 7/1/2024 2 Payments made toward CWP project costs as of 7/31/24 (assuming full payment for period up to 6/30/24). "Final interest rate based on weighted average of the financings obtained for the CP projects.
Lender name: City of San Mateo
Pmt. Payment Date Beginning Balance Scheduled Payment Total Payment Principal Interest Ending Balance Cumulative Interest No.
10/1/2024 18,835,549.37 206,568.49 $ 206,568.49 116,628.74 89,939.75 $ 18,718,920.63 89,939.75 0/1/2025 3 18,718,920.63 206,568.49 $ 206,568.49 117,185.64 $ 18,601,734.99 89,382.85 179,322.59
3 4/1/2025 $ 18,601,734.99 206,568.49 206,568.49 117,745.20 88,823.28 $ 18,483,989.79 $ 268,145.88 7/1/2025 S 18,483,989.79 206,568.49 206,568.49 $ 118,307.43 88,261.05 18,365,682.36 $ 356,406.93 + in $ $
10/1/2025 $ 18,365,682.36 206,568.49 $ 206,568.49 118,872.35 87,696.13 18,246,810.01 444,103.06 1/1/2026 18,246,810.01 206,568.49 206,568.49 $ 119,439.97 87,128.52 18,127,370.04 531,231.58 4/1/2026 18,127,370.04 S 206.568.49 206.568.49 120,010.29 86,558.19 18,007,359.74 $ 617,789.77 7/1/2026 $ 18,007,359.74 206,568.49 206,568.49 120,583.34 85,985.14 17,886,776.40 703,774.92 10/1/2026 17,886,776.40 206,568.49 206,568.49 121,159.13 85,409.36 17,765,617.27 789,184.27 10 1/1/2027 17,765,617.27 206,568.49 206,568.49 121,737.66 84,830.82 17,643,879.61 874,015.10 11 4/1/2027 17,643,879.61 206,568.49 206,568.49 122,318.96 84,249.53 17,521,560.65 958,264.62 12 7/1/2027 17,521,560.65 206,568.49 206,568.49 122,903.03 83,665.45 $ 17,398,657.61 1,041,930.07 13 10/1/2027 17,398,657.61 206,568.49 206,568.49 123,489.90 83,078.59 17,275,167.72 $ 1,125,008.66 14 1/1/2028 $ 17,275,167.72 206,568.49 206,568.49 124,079.56 82,488.93 17,151,088.16 1,207,497.59 15 4/1/2028 17,151,088.16 206,568.49 206,568.49 124,672.04 81,896.45 S 17,026,416.12 $ 1,289,394.03 16 7/1/2028 17,026,416.12 206,568.49 206,568.49 125,267.35 81,301.14 16,901,148.77 $ 1,370,695.17 17 10/1/2028 16,901,148.77 206,568.49 206,568.49 125,865.50 80,702.99 $ 16,775,283.27 1,451,398.16 18 1/1/2029 16,775,283.27 206,568.49 206,568.49 126,466.51 80,101.98 16,648,816.76 S 1,531,500.13 19 4/1/2029. 16,648,816.76 206,568.49 206,568.49 127,070.39 79,498.10 16,521,746.38 1,610,998.23 20 7/1/2029 16,521,746.38 206,568.49 206,568.49 127,677.15 78,891.34 16,394,069.23 1,689,889.57 21 10/1/2029 16,394,069.23 S 206,568.49 S 206,568.49 128,286.81 78,281.68 16,265,782.43 S 1,768,171.25 22 1/1/2030 $ 16,265,782.43 206,568.49 206,568.49 128,899.37 77,669.11 16,136,883.05 $ 1,845,840.37 23 4/1/2030 16,136,883.05 206,568.49 206,568.49 129,514.87 77,053.62 16,007,368.18 1,922,893.98 24 7/1/2030. 16,007,368.18 206,568.49 206,568.49 130,133.30 76,435.18 15,877,234.88 1,999,329.17 25 10/1/2030 15,877,234.88 206,568.49 206,568.49 130,754.69 75,813.80 15,746,480.19 2,075,142.96 26 1/1/2031 S 15,746,480.19 206,568.49 206,568.49 131,379.04 75,189.44 15,615,101.15 2,150,332.40 27 4/1/2031 15,615,101.15 206,568.49 206.568.49 132,006.38 74,562.11 15,483,094.77 2,224,894.51 28 7/1/2031 S 15.483.094.77 206.568.49 206.568.49 132.636.71 73,931.78 15,350,458.06 2,298,826.29 29 10/1/2031 $ 15,350,458.06 206,568.49 206,568.49 133,270.05 73,298.44 15,217,188.01 2,372,124.73 30 1/1/2032 15,217,188.01 206,568.49 206,568.49 133,906.41 72,662.07 15,083,281.60 2,444,786.80 31 4/1/2032 15,083,281.60 206,568.49 206,568.49 134,545.82 72,022.67 14,948,735.78 2,516,809.47 32 7/1/2032 14,948,735.78 206,568.49 206,568.49 135,188.27 71,380.21 14,813,547.51 $ 2,588,189.68 33 10/1/2032 S 14,813,547.51 206,568.49 206,568.49 135,833.80 70,734.69 S 14,677,713.71 2,658,924.37 34 1/1/2033 14,677,713.71 206,568.49 206.568.49 136,482.40 70,086.08 14.541.231.31 2,729,010.46 35 4/1/2033 14,541,231.31 206.568.49 206,568.49 137,134.11 69,434.38 14,404,097.21 $ 2,798,444.83 36 7/1/2033 14,404,097.21 206,568.49 206,568.49 137,788.92 68,779.56 14,266,308.28 $ 2,867,224.40 37 10/1/2033 14,266,308.28 206,568.49 206,568.49 138,446.86 68,121.62 14,127,861.42 2,935,346.02 38 1/1/2034 14,127,861.42 206,568.49 206,568.49 139,107.95 67,460.54 13,988,753.47 3,002,806.56 39 4/1/2034: 13,988,753.47 206,568.49 206,568.49 139.772.19 66,796.30 13,848,981.29 3,069,602.86 40 7/1/2034 $ 13,848,981.29 206,568.49 206,568.49 140,439.60 66,128.89 $ 13,708,541.69 3,135,731.74 41 10/1/2034 $ 13,708,541.69 206,568.49 206,568.49 141,110.20 65,458.29 $ 13,567,431.49 3,201,190.03 42 1/1/2035 S 13,567,431.49 206,568.49 206,568.49 S 141,784.00 64,784.49 S 13.425,647.49 S 3,265,974.51 43 4/1/2035 13,425,647.49 206,568.49 206,568.49 142,461.02 64,107.47 13,283,186.47 3,330,081.98 44 7/1/2035 13,283,186.47 206,568.49 206,568.49 143,141.27 63,427.22 $ 13,140,045.20 3,393,509.20 45 10/1/2035 13,140,045.20 206.568.49 206,568.49 143.824.77 62,743.72 12,996,220.43 S 3,456,252.91 46 1/1/2036 12,996,220.43 206,568.49 206,568.49 144,511.53 62,056.95 12,851,708.89 S 3,518,309.87 47 4/1/2036 $ 12,851,708.89 206,568.49 206,568.49 145,201.58 61,366.91 12,706,507.32 3,579,676.78 48 7/1/2036 12,706,507.32 206,568.49 206.568.49 145,894.91 60.673.57 12.560.612.40 3,640,350.35 49 10/1/2036 S 12.560,612.40 S 206.568.49 206,568.49 146,591.56 59,976.92 S 12.414,020.84 S 3,700,327.27 50 1/1/2037 12,414,020.84 206,568.49 206,568.49 147,291.54 59,276.95 12,266,729.31 3,759,604.22 51l 4/1/2037 12,266,729.31 206,568.49 206,568.49 147,994.85 58,573.63 12,118,734.45 3,818,177.85 52 7/1/2037 12,118,734.45 206.568.49 206.568.49 148.701.53 57,866.96 11,970,032.93 3,876,044.81 53 10/1/2037 11,970,032.93 206,568.49 206,568.49 149,411.58 57,156.91 11,820,621.35 $ 3,933,201.72 54 1/1/2038 $ 11,820,621.35 206,568.49 206,568.49 150,125.02 56,443.47 11,670,496.33 3,989,645.19 55 4/1/2038 $ 11,670,496.33 206.568.49 206.568.49 $ 150,841.87 55,726.62 11,519,654.46 4,045,371.80 56 7/1/2038 11,519,654.46 206,568.49 206,568.49 151,562.14 55,006.35 11,368,092.33 4,100,378.16 57 10/1/2038 11,368,092.33 $ 206,568.49 206,568.49 152,285.84 54,282.64 11,215,806.48 $ 4,154,660.80 Pmt.
Payment Date Beginning Balance Scheduled Payment Total Payment Principal Interest Ending Balance Cumulative Interest No.
58 1/1/2039 S 11,215,806.48 206,568.49 206,568.49 153,013.01 S 53,555.48 11,062,793.47 4,208,216.27 59 4/1/2039 $ 11,062,793.47 206,568.49 206,568.49 153,743.65 52,824.84 S 10,909,049.83 4,261,041.11 60 7/1/2039 10,909,049.83 206,568.49 206,568.49 154,477.77 52,090.71 10,754,572.05 4,313,131.82 61 10/1/2039 $ 10,754,572.05 206,568.49 206,568.49 155,215.40 51,353.08 10,599,356.65 4,364,484.91 62 1/1/2040 10,599,356.65 206,568.49 206,568.49 155,956.56 50,611.93 10,443,400.09 $ 4,415,096.83 63 4/1/2040 10,443,400.09 206,568.49 206,568.49 156,701.25 $ 49,867.24 10,286,698.84 4,464,964.07 64 7/1/2040 10,286,698.84 206,568.49 206,568.49 157,449.50 49,118.99 10,129,249.34 4,514,083.06 65 10/1/2040 10,129,249.34 206,568.49 206,568.49 158,201.32 48,367.17 9,971,048.02 4,562,450.22 66 1/1/2041 9,971,048.02 206,568.49 206,568.49 158,956.73 47,611.75 9,812,091.29 $ 4,610,061.98 67 4/1/2041 9,812,091.29 206,568.49 206,568.49 159,715.75 46,852.74 9,652,375.54 4,656,914.71 68 7/1/2041 9,652,375.54 206,568.49 206,568.49 160,478.39 46,090.09 9,491,897.15 S 4,703,004.80 69 10/1/2041 9,491,897.15 206,568.49 206,568.49 161,244.68 45,323.81 9,330,652.47 4,748,328.61 70 1/1/2042 $ 9,330,652.47 206,568.49 206,568.49 162,014.62 44,553.87 9,168,637.85 4,792,882.48 71 4/1/2042 9,168,637.85 206,568.49 206,568.49 162,788.24 43,780.25 9,005,849.61 4,836,662.72 72 7/1/2042 9,005,849.61 206,568.49 206,568.49 S 163,565.55 43,002.93 8,842,284.06 4,879,665.66 73 10/1/2042 8,842,284.06 206,568.49 206,568.49 164,346.58 42,221.91 8,677,937.48 4,921,887.56 74 1/1/2043 8,677,937.48 206,568.49 206,568.49 165,131.33 41,437.15 8,512,806.14 4,963,324.71 75 4/1/2043 8,512,806.14 206,568.49 206,568.49 165,919.84 40,648.65 8,346,886.31 S 5,003,973.36 76 7/1/2043 8,346,886.31 206,568.49 206,568.49 166,712.10 39,856.38 8,180,174.20 5,043,829.75 10/1/2043 8,180,174.20 206,568.49 206,568.49 $ 167,508.15 39,060.33 8,012,666.05 5,082,890.08 78 1/1/2044 $ 8,012,666.05 $ 206.568.49 206.568.49 168,308.01 38,260.48 7,844,358.04 $ 5,121,150.56 79 4/1/2044 7,844,358.04 206,568.49 206,568.49 169,111.68 37,456.81 7,675,246.37 5,158,607.37 80 7/1/2044 7,675,246.37 206,568.49 206,568.49 169,919.18 36,649.30 7,505,327.18 5,195,256.67 81 10/1/2044 7,505,327.18 206,568.49 206,568.49 170,730.55 35,837.94 7,334,596.64 5,231,094.61 82 1/1/2045 7,334,596.64 206,568.49 206,568.49 171,545.79 35,022.70 7,163,050.85 5,266,117.31 4/1/2045 7,163,050.85 206,568.49 206,568.49 172,364.92 34,203.57 6,990,685.93 5,300,320.87 84 7/1/2045 6,990,685.93 206,568.49 206,568.49 173,187.96 33,380.53 6,817,497.97 5,333,701.40 85 10/1/2045 6,817,497.97 206,568.49 206,568.49 174,014.93 32,553.55 6,643,483.04 5,366,254.95 86 1/1/2046 6,643,483.04 206,568.49 206,568.49 174,845.85 31,722.63 6,468,637.18 S 5,397,977.58 87 4/1/2046 6,468,637.18 206,568.49 206,568.49 175,680.74 $ 30,887.74 6,292,956.44 $ 5,428,865.33 88 7/1/2046 6,292,956.44 206,568.49 206,568.49 176,519.62 30,048.87 6,116,436.82 5,458,914.19 89 10/1/2046 6,116,436.82 206,568.49 206,568.49 177,362.50 $ 29,205.99 5,939,074.32 S 5,488,120.18 90 1/1/2047 5,939,074.32 206,568.49 206,568.49 178,209.41 28,359.08 5,760,864.92 5,516,479.26 91 4/1/2047 5,760,864.92 206,568.49 206,568.49 179,060.36 27,508.13 5,581,804.56 5,543,987.39 92 7/1/2047 5,581,804.56 S 206,568.49 206,568.49 179,915.37 26,653.12 5,401,889.19 S 5,570,640.50 93 10/1/2047 5,401,889.19 206,568.49 206,568.49 180,774.46 25,794.02 5,221,114.73 $ 5,596,434.53 94 1/1/2048 5,221,114.73 206,568.49 206,568.49 181,637.66 24,930.82 5,039,477.06 5,621,365.35 95 4/1/2048 5,039,477.06 206,568.49 206,568.49 182,504.98 24,063.50 4,856,972.08 5,645,428.85 96 7/1/2048 4,856,972.08 $l 206,568.49 206,568.49 183,376.44 23,192.04 4,673,595.64 S 5,668,620.89 97 10/1/2048 4,673,595.64 206,568.49 206,568.49 184,252.07 22,316.42 4,489,343.57 $ 5,690,937.31 98 1/1/2049 4,489,343.57 206,568.49 206,568.49 185,131.87 21,436.62 $ 4,304,211.70 5,712,373.93 99 4/1/2049 4,304,211.70 206.568.49 206.568.49 S 186.015.87 20,552.61 4,118,195.83 S 5,732,926.54 100 7/1/2049 4,118,195.83 206,568.49 206,568.49 186,904.10 $ 19,664.39 3,931,291.73 5,752,590.92 101 10/1/2049 3,931,291.73 206,568.49 206,568.49 187,796.57 $ 18,771.92 3,743,495.16 5,771,362.84 102 1/1/2050 3,743,495.16 206.568.49 206,568.49 188,693.30 17,875.19 3,554,801.86 5,789,238.03 103 4/1/2050 3,554,801.86 206,568.49 206,568.49 189,594.31 16,974.18 3,365,207.55 5,806,212.21 104 7/1/2050 3,365,207.55 206,568.49 206,568.49 190,499.62 16,068.87 3,174,707.93 5,822,281.08 105 10/1/2050 3,174,707.93 206,568.49 206.568.49 191,409.26 15,159.23 2,983,298.68 $ 5,837,440.31 106 1/1/2051 2,983,298.68 206,568.49 206,568.49 192,323.23 14,245.25 2,790,975.44 5,851,685.56 107 4/1/2051 $ 2,790,975.44 $ 206,568.49 206,568.49 193,241.58 nuu 13,326.91 $ 2,597,733.87 $ 5,865,012.47 108 7/1/2051 2,597,733.87 206,568.49 206,568.49 194,164.31 12,404.18 2,403,569.56 5,877,416.64 109 10/1/2051 2,403,569.56 206,568.49 206,568.49 195,091.44 11,477.04 2,208,478.12 5,888,893.69 110 1/1/2052 2,208,478.12 206,568.49 206,568.49 196,023.00 10,545.48 2,012,455.12 5,899,439.17 111 4/1/2052 $ 2,012,455.12 206,568.49 206,568.49 196,959.01 $ 9,609.47 1,815,496.10 $ 5,909,048.65 112 7/1/2052 $ 1,815,496.10 206,568.49 206,568.49 197,899.49 8,668.99 1,617,596.61 5,917,717.64 113 10/1/2052 1,617,596.61 206,568.49 206.568.49 198,844.46 7,724.02 1,418,752.15 5,925,441.66 114 1/1/2053 1,418,752.15 206,568.49 206,568.49 199,793.94 6,774.54 1,218,958.21 5,932,216.20 115 4/1/2053 1,218,958.21 206,568.49 206,568.49 200,747.96 5,820.53 1,018,210.25 5,938,036.73 116 7/1/2053 1,018,210.25 206,568.49 $ 206,568.49 201,706.53 4,861.95 816,503.71 5,942,898.68 117 10/1/2053 $ 816,503.71 206,568.49 206,568.49 202,669.68 3,898.81 613,834.03 5,946,797.49 118 1/1/2054 613,834.03 206,568.49 206,568.49 203,637.43 2,931.06 410,196.61 5,949,728.55 119 4/1/2054 410,196.61 206,568.49 $ 206.568.49 204.609.80 1,958.69 205,586.81 5,951,687.24 120 7/1/2054 $ 205,586.81 206,568.49 $ 205,586.81 204,605.13 981.68 5,952,668.91 Exhibit C: County of San Mateo Clean Water Program Costs - Loan Amortization Schedule Loan Summary
Clean Water Program Costs' $ 2,466,401.14 Scheduled Quarterly Payment $ 17,591.53 Payment Made to Date? 862,351.35 Scheduled Number of Payments 120 Remaining Contribution/Loan Amount' $ 1,604,049.79 Actual Number of Payments 120 Annual Interest Rate® 1.91% Total Interest $ 506,933.84 Loan Period (Years) 30
Number of Payments per Year 4 'Estimated share of CWP project costs as of 4/2022 estimates; subject to change based on final actual costs.
Start Date of Loan 7/1/2024 'Payments made toward CWP project costs as of 7/31/24 (assuming full payment for period up to 6/30/24). "Final interest rate based on weighted average of the financings obtained for the CP projects.
Lender name: City of San Mateo
Pmt. Payment Date Beginning Balance Scheduled Payment Total Payment Principal Ending Balance Interest Cumulative Interest
No.
10/1/2024 1,604,049.79 17,591.53 17,591.53 $ 9,932.19 $ 7,659.34 1,594,117.59 7,659.34 0/1/2025 $ 7,611.91
1,594,117.59 17,591.53 17,591.53 9,979.62 1,584,137.98 15,271.25 3 4/1/2025 $ 1,584,137.98 17,591.53 17,591.53 $ 10,027.27 $ 7,564.26 1,574,110.70 22,835.51 7/1/2025 $ 1,574,110.70 $ 17,591.53 17,591.53 $ 10,075.15 7,516.38 $ 1,564,035.55 30,351.89 + in 10/1/2025 $ $ $ $
1,564,035.55 17,591.53 es us us 17,591.53 10,123.26 7,468.27 $ 1,553,912.29 37,820.16 1/1/2026 1,553,912.29 17,591.53 17,591.53 10,171.60 $ 7,419.93 1,543,740.69 45,240.09 4/1/2026 1,543,740.69 17,591.53 $ 17,591.53 $ 10,220.17 $ 7.371.36 $ 1,533,520.53 $ 52.611.45 7/1/2026 1,533,520.53 17,591.53 17,591.53 $ 10,268.97 7,322.56 1,523,251.56 59,934.01 10/1/2026 1,523,251.56 17,591.53 17,591.53 10,318.00 7,273.53 1,512,933.55 67,207.54 10 1/1/2027 1,512,933.55 17,591.53 17,591.53 10,367.27 7,224.26 1,502,566.28 74,431.79 11 4/1/2027 1,502,566.28 17,591.53 $ 17,591.53 10,416.78 7,174.75 1,492,149.50 81,606.55 12 7/1/2027 $ 1,492,149.50 17,591.53 17,591.53 10,466.52 7,125.01 $ 1,481,682.99 $ 88,731.56 13 10/1/2027 $ 1,481,682.99 17.591.53 $ 17,591.53 10,516.49 7,075.04 $ 1,471,166.49 95,806.60 14 1/1/2028 1,471,166.49 17,591.53 $ 17,591.53 10,566.71 $ 7,024.82 $ 1,460,599.78 $ 102.831.42 15 4/1/2028 1,460,599.78 17,591.53 17,591.53 10,617.17 6,974.36 1,449,982.62 109,805.78 16 7/1/2028 1,449,982.62 17,591.53 17,591.53 10,667.86 $ 6,923.67 1,439,314.75 116,729.45 17 10/1/2028 1,439,314.75 17,591.53 17,591.53 10,718.80 $ 6,872.73 1,428,595.95 123,602.18 18 1/1/2029 1,428,595.95 17,591.53 17,591.53 10,769.98 6,821.55 1,417,825.97 $ 130.423.72 19 4/1/2029. 1,417,825.97 17,591.53 17,591.53 10,821.41 $ 6,770.12 1,407,004.55 $ 137,193.84 20 7/1/2029 1,407,004.55 17,591.53 $ 17,591.53 10,873.08 $ 6,718.45 1,396,131.47 $ 143.912.29 21 10/1/2029 1,396,131.47 $ 17,591.53 17,591.53 10,925.00 $ 6,666.53 $ 1,385,206.47 $ 150,578.82 22 1/1/2030 1,385,206.47 17,591.53 17,591.53 10,977.17 $ 6,614.36 1,374,229.30 157,193.18 23 4/1/2030 1,374,229.30 17,591.53 17,591.53 11,029.59 6,561.94 1,363,199.71 $ 163,755.12 24 7/1/2030 1,363,199.71 17,591.53 17,591.53 11,082.25 6,509.28 1,352,117.46 $ 170,264.40 25 10/1/2030 1,352,117.46 17,591.53 17,591.53 11,135.17 6,456.36 1,340,982.29 $ 176,720.76 26 1/1/2031 1,340,982.29 17,591.53 17,591.53 11,188.34 6,403.19 1,329,793.95 183,123.95 27 4/1/2031 1,329,793.95 17.591.53 17,591.53 11,241.76 6,349.77 1,318,552.19 $ 189,473.72 28 7/1/2031 1,318,552.19 17,591.53 $ 17,591.53 11,295.44 $ 6,296.09 $ 1.307,256.75 $ 195.769.80 29 10/1/2031 1,307,256.75 17,591.53 17,591.53 11,349.38 6,242.15 $ 1,295,907.37 $ 202,011.96 30 1/1/2032 1,295,907.37 17,591.53 17,591.53 11,403.57 6,187.96 1,284,503.79 208,199.91 31 4/1/2032 1,284,503.79 17,591.53 $ 17,591.53 11,458.02 6,133.51 1,273,045.77 214,333.42 32 7/1/2032 1,273,045.77 17,591.53 $ 17,591.53 11,512.74 6,078.79 $ 1,261,533.03 220,412.21 33 10/1/2032 es es 1,261,533.03 $ 17,591.53 17,591.53 11,567.71 $ 6,023.82 $ 1,249,965.32 226,436.03 34 1/1/2033 1,249,965.32 $ 17,591.53 17,591.53 $ 11.622,95 $ 5,968.58 $ 1,238,342.38 232.404.62 35 4/1/2033 1,238,342.38 17,591.53 $ 17,591.53 $ 11,678.45 $ 5,913.08 $ 1,226,663.93 $ 238,317.70 36 7/1/2033 1,226,663.93 17,591.53 17,591.53 11,734.21 5,857.32 $ 1,214,929.72 244,175.02 37 10/1/2033 1,214,929.72 17,591.53 17,591.53 11,790.24 5,801.29 1,203,139.48 $ 249,976.31 38 1/1/2034 1,203,139.48 17,591.53 17,591.53 11,846.54 5,744.99 1,191,292.94 255,721.30 39 4/1/2034 1,191,292.94 17,591.53 17,591.53 11,903.11 5,688.42 1,179,389.84 261,409.73 40 7/1/2034 1,179,389.84 17,591.53 $ 17,591.53 11,959.94 $ 5,631.59 1,167,429.89 267,041.31 41 10/1/2034 1,167,429.89 17,591.53 17,591.53 $ 12.017.05 5,574.48 $ 1,155,412.84 272,615.79 42 1/1/2035 1,155.412.84 17,591.53 17,591.53 12,074.43 $ 5,517.10 $ 1,143,338.41 278,132.89 43 4/1/2035 1,143,338.41 17,591.53 17,591.53 12,132.09 5,459.44 1,131,206.32 283,592.33 44 7/1/2035 1,131,206.32 17,591.53 17,591.53 12,190.02 5,401.51 1,119,016.30 $ 288,993.84 45 10/1/2035 1.119,016.30 17.591.53 17,591.53 12,248.23 $ 5,343.30 $ 1,106,768.07 $ 294,337.14 46 1/1/2036 1,106,768.07 17,591.53 17,591.53 12,306.71 5,284.82 1,094,461.36 299,621.96 47 4/1/2036 1,094,461.36 17,591.53 $ 17,591.53 12,365.48 5,226.05 1,082,095.88 304,848.01 48 7/1/2036 1,082,095.88 17.591.53 17,591.53 12,424.52 5,167.01 $ 1,069,671.36 $ 310.015.02 49 10/1/2036 1,069,671.36 17,591.53 17,591.53 12,483.85 $ 5,107.68 $ 1.057,187.51 $ 315,122.70 50 1/1/2037 1,057,187.51 17,591.53 17,591.53 12,543.46 5,048.07 1,044,644.05 $ 320,170.77 51 4/1/2037 1,044,644.05 17,591.53 17,591.53 12.603.35 4,988.18 1,032,040.69 325,158.95 52 7/1/2037 1,032,040.69 17.591.53 17,591.53 12.663.54 4,927.99 1,019,377.16 $ 330.086.94 53 10/1/2037 1,019,377.16 17,591.53 17,591.53 12,724.00 4,867.53 $ 1,006,653.15 334,954.47 54 1/1/2038 1,006,653.15 17.591.53 17,591.53 12,784.76 4,806.77 993,868.39 339,761.23 55 4/1/2038 993.868 39 17,591.53 $ 17,591.53 $ 12,845.81 $ 4,745.72 $ 981.022.58 344.506.96 56 7/1/2038 $ 981,022.58 17,591.53 $ 17,591.53 $ 12,907.15 $ 4,684.38 $ 968.115.44 $ 349,191.34 57 10/1/2038 968,115.44 17,591.53 17,591.53 12,968.78 4,622.75 $ 955,146.66 353,814.09 Pmt.
Payment Date Beginning Balance Scheduled Payment Total Payment Principal Interest Ending Balance Cumulative Interest No.
58 1/1/2039 955,146.66 17,591.53 17,591.53 13,030.70 4,560.83 942,115.95 $ 358,374.92 59 4/1/2039 $ 942,115.95 $ 17,591.53 17,591.53 13,092.93 4,498.60 929,023.02 362,873.52 60 7/1/2039 929,023.02 17,591.53 $ 17,591.53 13,155.45 4,436.08 915,867.58 367,309.60 61 10/1/2039 915,867.58 17,591.53 17,591.53 $ 13,218.26 4,373.27 902,649.32 $ 371,682.87 62 1/1/2040 902,649.32 17,591.53 17,591.53 13,281.38 4,310.15 889,367.94 $ 375,993.02 63 4/1/2040 889,367.94 17,591.53 17,591.53 13,344.80 4,246.73 $ 876,023.14 $ 380,239.75 64 7/1/2040 876,023.14 17,591.53 $ 17,591.53 13,408.52 4,183.01 862,614.62 384,422.76 65 10/1/2040 862,614.62 $ 17,591.53 $ 17,591.53 13,472.55 $ 4,118.98 $ 849,142.07 $ 388,541.75 66 1/1/2041 849,142.07 17,591.53 17,591.53 13,536.88 4,054.65 $ 835,605.20 $ 392,596.40 67 4/1/2041 835,605.20 17,591.53 $ 17,591.53 13,601.52 3,990.01 822,003.68 396,586.42 68 7/1/2041 822,003.68 17,591.53 $ 17,591.53 13,666.46 3,925.07 $ 808,337.22 $ 400,511.49 69 10/1/2041 808,337.22 17,591.53 $ 17,591.53 13,731.72 3,859.81 794,605.50 $ 404,371.30 70 1/1/2042 794,605.50 $ 17,591.53 17,591.53 13,797.29 3,794.24 $ 780,808.21 $ 408,165.54 71 4/1/2042 $ 780,808.21 17,591.53 17,591.53 13,863.17 3,728.36 766,945.04 411,893.90 72 7/1/2042 $ 766,945.04 17,591.53 $ 17,591.53 13,929.37 3,662.16 753,015.67 415,556.06 73 10/1/2042 753,015.67 17,591.53 17,591.53 13,995.88 3,595.65 739,019.79 419,151.71 74 1/1/2043 739,019.79 17,591.53 17,591.53 14,062.71 3,528.82 724,957.08 422,680.53 75 4/1/2043 724,957.08 17,591.53 $ 17,591.53 14,129.86 3,461.67 710,827.22 426,142.20 76 7/1/2043 710,827.22 17,591.53 17,591.53 14,197.33 3,394.20 $ 696,629.89 429,536.40 10/1/2043 696,629.89 17,591.53 sus us er 17,591.53 14,265.12 3,326.41 682,364.77 432,862.81 78 1/1/2044 $ 682,364.77 $ 17,591.53 17,591.53 $ 14,333.24 $ 3,258.29 $ 668,031.53 $ 436,121.10 79 4/1/2044 668,031.53 $ 17,591.53 17,591.53 14,401.68 3,189.85 653,629.85 $ 439,310.95 80 7/1/2044 653,629.85 17,591.53 17,591.53 14,470.45 3,121.08 639,159.40 442,432.03 81 10/1/2044 639,159.40 17,591.53 17,591.53 14.539.54 3,051.99 624,619.86 445,484.02 82 1/1/2045 624,619.86 17,591.53 17,591.53 14,608.97 2,982.56 610,010.89 448,466.58 83 4/1/2045 610,010.89 17,591.53 17,591.53 14,678.73 2,912.80 595,332.16 451,379.38 84 7/1/2045 595,332.16 17.591.53 $ 17,591.53 $ 14,748.82 $ 2,842.71 580,583.34 454,222.09 85 10/1/2045 580,583.34 17,591.53 $ 17,591.53 $ 14,819.24 $ 2,772.29 565,764.10 $ 456,994.38 86 1/1/2046 565,764.10 17,591.53 17,591.53 14,890.01 $ 2,701.52 550,874.09 459,695.90 87 4/1/2046 550,874.09 17,591.53 17,591.53 14,961.11 $ 2,630.42 535,912.98 462,326.32 88 7/1/2046 535,912.98 17,591.53 17,591.53 $ 15,032.55 2,558.98 520,880.44 464,885.31 89 10/1/2046 520,880.44 17,591.53 17,591.53 $ 15,104.33 2,487.20 505,776.11 $ 467,372.51 90 1/1/2047 505,776.11 17,591.53 17,591.53 $ 15,176.45 $ 2,415.08 490,599.66 $ 469,787.59 91 4/1/2047 490,599.66 17,591.53 17,591.53 $ 15,248.92 $ 2,342.61 475,350.74 $ 472,130.21 92 7/1/2047 475,350.74 $ 17,591.53 17,591.53 $ 15,321.73 $ 2,269.80 460,029.01 $ 474,400.01 93 10/1/2047 460,029.01 17,591.53 17,591.53 15,394.89 2,196.64 444,634.12 476,596.64฿ 94 1/1/2048 444,634.12 17,591.53 17,591.53 15,468.40 2,123.13 429,165.72 $ 478,719.77 95 4/1/2048 429,165.72 17,591.53 17,591.53 15,542.26 2,049.27 413,623.46 480,769.04 96 7/1/2048 413,623.46 17,591.53 17,591.53 15,616.48 1,975.05 398,006.98 482,744.09 97 10/1/2048 398,006.98 17,591.53 17,591.53 15,691.05 1,900.48 382,315.93 $ 484,644.57 98 1/1/2049 $ 382,315.93 17.591.53 17,591.53 $ 15.765.97 $ 1,825.56 366.549.96 $ 486,470.13 99 4/1/2049. 366.549.96 17,591.53 17,591.53 15,841.25 $ 1,750.28 350,708.71 $ 488,220.41 100 7/1/2049. 350,708.71 17,591.53 17,591.53 15,916.90 1,674.63 334,791.81 489,895.04 101 10/1/2049 334,791.81 17,591.53 17,591.53 15,992.90 1,598.63 318,798.91 491,493.67 102 1/1/2050 318.798.91 17.591.53 17,591.53 16,069.27 1.522.26 302.729.64 493.015.94 103 4/1/2050. 302,729.64 17,591.53 17,591.53 16,146.00 $ 1,445.53 286,583.65 $ 494,461.47 104 7/1/2050 286,583.65 17,591.53 17,591.53 16,223.09 $ 1,368.44 270,360.56 $ 495,829.91 105 10/1/2050 270.360.56 $ 17,591.53 17,591.53 $ 16.300.56 $ 1.290.97 254,060.00 $ 497,120.88 106 1/1/2051 254,060.00 17,591.53 $ 16,378.39 1,213.14 237,681.60 498,334.02 117591-53 es is us 221,225.00 es us
107 4/1/2051 237,681.60 17,591.53 16,456.60 1,134.93 499,468.95 108 7/1/2051 221,225.00 17,591.53 17,591.53 $ 16,535.18 1,056.35 204,689.82 500,525.30 es us us es
109 10/1/2051 204,689.82 17,591.53 17,591.53 16,614.14 $ 977.39 188,075.69 501,502.69 110 1/1/2052 188,075.69 17,591.53 17,591.53 16,693.47 $ 898.06 171.382.22 $ 502,400.75 111 4/1/2052 171,382.22 17,591.53 $ 17,591.53 $ 16,773.18 $ 818.35 154.609.04 $ 503,219.10 112 7/1/2052 154,609.04 $ 17.591.53 17,591.53 $ 16,853.27 $ 738.26 137,755.76 $ 503.957.36 113 10/1/2052 137,755.76 17,591.53 $ 17,591.53 $ 16,933.75 $ 657.78 120,822.02 $ 504.615.14 114 1/1/2053 120,822.02 17,591.53 17,591.53 17,014.61 576.93 103.807.41 505,192.07 115 4/1/2053 103,807.41 17,591.53 17,591.53 17.095.85 495.68 86,711.56 $ 505,687.75 116 7/1/2053 86,711.56 17,591.53 17,591.53 17,177.48 $ 414.05 69,534.08 506,101.80 117 10/1/2053 $ 69,534.08 17,591.53 17,591.53 17,259.50 332.03 52,274.58 $ 506,433.82 118 1/1/2054 $ 52,274.58 17,591.53 17,591.53 17,341.92 249.61 $ 34,932.66 $ 506,683.43 119 4/1/2054 34 932.66 $ 17.591.53 17,591.53 17,424.73 166.80 $ 17,507.93 506,850.24 120 7/1/2054| 17,507.93 17,591.53 17,507.93 $ 17,424.33 83.60 506,933.84