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ESTIMATED USES OF FUNDS* <br /> <br /> The proceeds to be received from the sale of the <br />Certificates (including accrued interest as described below) <br />are anticipated to be applied as follows: <br /> <br />Par Value of Certificates Sold ~8,230,000 <br /> <br />Disposition of Certificate Proceeds <br /> Lease Fund Deposit(l) ~ 807,600 <br /> Trust Administration Fund Deposit 5,000 <br /> Reserve Fund Deposit(2) 773,000 <br /> Insurance Reserve Fund Deposit 50,000 <br /> Underwriter Discount and Costs of Issuance 280,000 <br /> Acquisition and Construction Fund Deposit 6~314j400 <br /> Total Disposition of Certificate Proceed ~8~230.000. <br /> <br />Cost of Project <br /> Capital Project I <br /> Construction ~3,435,000 <br /> EngineerinE, Inspection, Construction ManaEement 490,000 <br /> Material TestinE 15,000 <br /> Property Appraisals and Site Acquisition 620,000 <br /> Construction ContinEency and Allowance For ChanEe <br /> 0rders 665,000 <br /> Capital Project II <br /> Property Acquisition 1,000,000 <br /> Equipment and FurnishinEs 300,000 <br /> Total Cost of Project ~6.525.00Q <br /> <br />Sources of Funds For Cost of Project <br /> Acquisition and Construction Fund Deposit ~6,314,400 <br /> Investment Income on Certificate Proceed Deposits(3) 210,600 <br /> Total Sources of Funds For Cost of Project ~6.525.000 <br /> <br />(1) Capitalized Interest for the period October 1, 1987 to April 1, 1989 <br /> based on Capital Project I pro rata share (~6,730,000) of par value of <br /> Certificates sold at an estimated interest rate of <br />(2) Equal to 10% of the par value of certificates sold. <br />(3) Estimated reinvestment rate of 5.95% on Lease Fund, Reserve Fund, and <br /> Acquisition and Construction Fund. <br /> <br />* Subject to chanEe. <br /> <br /> 11 <br /> <br /> <br />