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<br /> The Financial Model
<br /> Figure 7 below lays out a selection of data that illustrates the proposed financing mechanism and debt service summary
<br /> schedule. It explains how and when different funding sources will be used to maintain and manage FalmoutKs debt to
<br /> successfully finance the sewer system. These figures assume a$30,000 principal for betterment charges,and align with
<br /> the finance principles and assumptions on pages 1 and 2. Below the chart are explanations of each section by color-coding.
<br /> Falmouth e t Service Summary Schedule
<br /> Fiscal $15m Design/ $100m SRF 0% $100m Town 5% $40m Town 5% $40m Town 5% $100m SRF 2%
<br /> Year Permit 2012 2017-2046 2017-2036 2027-2046 2031-2050 2037-2056 TOTALS
<br /> 2013 $2,500,000 $2,500,000
<br /> 2014 $3,500,000 ': $3,500,000
<br /> 2015 $4,000,000 $4,000,000
<br /> 2016 $5,000,000 $5,000,000
<br /> 2017 $3,334,000 $10,000,000 $13,334,000
<br /> 2018 $3,334,000 $9,750,000 $13,084,000
<br /> 2019 $3,334,000 $9,500,000 $12,834,000
<br /> 2020 $3,334,000 $9 250,000 $12,584,000
<br /> 2021 $3,334,000 $9,000,000 $12,334,000
<br /> 2022 $3,334,000 $8,750,000 $12,084,000
<br /> 2023 $3,334,000 $8,500,000 $11,834,000
<br /> 2024 $3,334,000 $8,250,000 $11,584,000
<br /> 2025 $3,334,000 $8,000,000 $11,334,000
<br /> 2026 '$3,334,000'' $7,750,000 $11,084,000
<br /> 2027 $3,334,000 $7,500,000 $4,000,000 $14,834,000
<br /> 2028 $3,334,000 $7 250,000 $3,900,000 $14,484,000
<br /> 2029 $3,334,000 $7,000,000 $3,800,000 $14,134,000
<br /> 2030 $3,334,000 $6,750,000 $3,700,000 i' $13,784,000
<br /> 2031 $3,334,000 $6,500,000 $3,600,000 $4000,000 $17,434,000
<br /> 2032 $3,334,000 $6,250,000 $3500,000 $3900,000 $16,984,000
<br /> 2033 $3,334,000 $6,000,000 $3,400,000 $3,800,000 $16,534,000
<br /> 2034 $3,334,000 $5,750,000 $3,300,000 $3,700,000 $16,084,000
<br /> 2035 $3,334,000 $5,500,000 $3,200,000 $3,600,000 $15,634,000
<br /> 2036 $3,334,000 $5,250,000 $3,100,000 $3,500,000 $15,184,000
<br /> 2037 $3,332,000 $3,000,000 $3,400,000 1$7 000,000.00 1 $16,732,000
<br /> Figure 7
<br /> The orange area indicates $15M allocated for the The purple area indicates$40M raised in 2026 from
<br /> initial phases of the project from 2013-2016,including bond proceeds at market rate(5%) for a 20-year term.
<br /> permitting and design. The Town will finance this The green area represents an additional$40M raised
<br /> through short-term borrowing. by the town in 2031 from bond proceeds at market
<br /> The yellow area highlights$100M available interest rate (5%) for a 20-year term.
<br /> free through the State Revolving Fund.Although 7be pink area highlights the final issuance of debt
<br /> these funds are not guaranteed, upon adoption of the in 2037. ($100M for a term of 20 years,2% SRF
<br /> CWMP and related provisions, Falmouth has a strong funding).
<br /> chance of being awarded this money.This money Debt repayment funds over the bond terms will come
<br /> would be paid back over a 30-year period at no interest
<br /> (2017-2046). from continued betterment payments, as well as
<br /> property taxes in this model. Maintaining a stable debt
<br /> The blue area represents$100M that the town must level and gradually adding houses to the system will
<br /> raise between 2017-2018 from bond proceeds at a create stable debt payment schedules while minimizing
<br /> probable market rate(5%) for a 20-year term. increasing taxes.
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