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<br />Preview <br /> <br />Page 2 of2 <br /> <br />overall net savings over the 10 years is approximately $1.9 million. The City will make <br />its first principal payment on the new debt on November 1,2013. See attached schedule <br />for projected annual debt service of the new bond, old bond, the cost of overlapping the 2 <br />bonds, and the annual net savings of the advance refunding of the bond. <br /> <br />ATTACHMENTS: <br /> <br />. <br /> <br />Ordinance <br /> <br />. <br /> <br />Loan Agreement <br /> <br />Exhibit "A" to Loan Agreement <br /> <br />BB&T Offer Letter <br /> <br />2002C Escrow Requirements as of 4/20/12 <br /> <br />. <br /> <br />2002C Amortization Schedule <br /> <br />. <br /> <br />2012 Amortization Schedule <br /> <br />. <br /> <br />Debt Analysis-Net Savings <br /> <br />. <br /> <br />Notice of Public Hearing <br /> <br />http://sibagenda.sibfl.net/agenda/Preview.aspx?lteml D=7 43&MeetinglD=0&MeetingDate... 4111/2012 <br />