Financing the purchase of the water company — within existing rates (April 11, 2017)

Avg. annual debt service at various interest rate scenarios
Bond size (9/1/17 issue date)	2% (SRF loan)	(Est. current market rate)	4.75% (conservative rate)
$50 million	$2,294,213	$3,242,304	$3,463,407
$60 million	$2,736,448	$3,891,068	$4,131,643
$70 million	$3,192,613	$4.539,040	$4,820,127
$80 million	$3,648,595	$5,187,593	$5,508,292
$90 million	$4,104,811	$5,836,229	$6,196,793
$100 million	$4,560,786	$6,484,543	$6,885,451
$110 million	$5,016,931	$7,133,432	$7,573,967
$120 million	$5,472,943	$7,781,263	$8,262,435
$130 million	$5,928,837	$8,429,880	$8,950,696
$140 million	$6,385,154	$9,078,274	$9,639,506
$150 million	$6,841,018	$9,726,835	$10,328,318