Public Utility Commission

NMFA Loan (Animas Waterline) - Loan is for $1,054,844.00 with 1% interest (0.75% interest, 0.25% admin fee). Loan will be paid by the Water Fund. Interest payments are semi-annual. Principal payment is due every May 1st. PRINCIPAL $ 1,054,844 RATE 1.00% ANNUAL PYMT $58,455 Year Ending 30-Jun Water Wastewater Utility Total Principal Interest Principal Interest Princi al Interest 2021 51,875.00 6,579.10 51,875.00 6,579.10 2022 52,394.00 6,060.36 52,394.00 6,060.36 2023 52,918.00 5,536.42 52,918.00 5,536.42 2024 53,447.00 5,007.24 53,447.00 5,007.24 2025 53,982.00 4,472.76 53,982.00 4,472.76 2026 54,522.00 3,932.94 54,522.00 3,932.94 2027 55,067.00 3,387.72 55,067.00 3,387.72 2028 55,617.00 2,837.06 55,617.00 2,837.06 2029 56,174.00 2,280.88 56,174.00 2,280.88 2030 56,735.00 1,719.14 56,735.00 1,719.14 2031 57,303.00 1,151.80 57,303.00 1,151.80 2032 57,876.00 578.76 57,876.00 578.76 Total 657,910.00 43,544.18 657,910.00 43,544.18 NMFA Loan (Meter Replacement) -Once finalized in August 2015, the final loan amount was for $4,059,311 with a 2% interest rate and a maturity of 20 years. The loan will be paid by the Water fund. PRINCIPAL $ 4,059,311 RATE 2.00% ANNUAL PYMT $248,254 Year Ending 30-Jun Water Wastewater Utility Total Princi al Interest Princi al Interest Princi al Interest 2021 187,652.79 63,646.68 187,652.79 63,646.68 2022 191,406.27 59,893.62 191,406.27 59,893.62 2023 195,234.21 56,065.53 195,234.21 56,065.53 2024 199,138.71 52,160.85 199,138.71 52,160.85 2025 203,121.48 48,178.05 203,121.48 48,178.05 2026 207,183.78 44,115.63 207,183.78 44,115.63 2027 211,327.50 39,971.94 211,327.50 39,971.94 2028 215,554.26 35,745.42 215,554.26 35,745.42 2029 219,865.02 31,434.39 219,865.02 31,434.39 2030 224,262.72 27,036.99 224,262.72 27,036.99 2031 228,747.99 22,551.75 228,747.99 22,551.75 2032 233,322.72 17,976.78 233,322.72 17,976.78 2033 237,989.01 13,310.31 237,989.01 13,310.31 2034 242,748.78 8,550.57 242,748.78 8,550.57 2035 184,779.04 3,695.58 184,779.04 3,695.58 Total 3,182,334.28 524,334.09 3,182,334.28 524,334.09 -2.13- NMFA Loan (2017 2P Waterline Replacement Phase Ill) - Loan is for $2,929,000 with a 25% foregiveness of $732,250 and principal amount of $2,196,750. Loan has an interest rate of 2% and a maturity of 20 years. Loan was approved at the end of FY2018 and construction began in FY2020. Constuction will be completed in FY2021. Loan will be paid by the Water fund. Principal and interest payments will be due May 1st. PRINCIPAL $ 2,196,750 RATE 2.00% ANNUAL PYMT $134,346 Year Ending 30-Jun Water Wastewater Utility Total Principal Interest Principal Interest Principal Interest 2021 90,411.00 43,935.00 90,411.00 43,935.00 2022 92,219.00 42,126.78 92,219.00 42,126.78 2023 94,064.00 40,282.40 94,064.00 40,282.40 2024 95,945.00 38,401.12 95,945.00 38,401.12 2025 97,864.00 36,482.22 97,864.00 36,482.22 2026 99,821.00 34,524.94 99,821.00 34,524.94 2027 101,817.00 32,528.52 101,817.00 32,528.52 2028 103,854.00 30,492.18 103,854.00 30,492.18 2029 105,931.00 28,415.10 105,931.00 28,415.10 2030 108,050.00 26,296.48 108,050.00 26,296.48 2031 110,211.00 24,135.48 110,211.00 24,135.48 2032 112,415.00 21,931.26 112,415.00 21,931.26 2033 114,663.00 19,682.96 114,663.00 19,682.96 2034 116,956.00 17,389.70 116,956.00 17,389.70 2035 119,295.00 15,050.58 119,295.00 15,050.58 2036 121,681.00 12,664.68 121,681.00 12,664.68 2037 124,115.00 10,231.06 124,115.00 10,231.06 2038 126,597.00 7,748.76 126,597.00 7,748.76 2039 129,129.00 5,216.82 129,129.00 5,216.82 2040 ____13_ ---'1,7 _ _0______ ...,... 2.0 '= 1 2"--,,63 = 4_.2 ..,... 4..,.....-______________----,-13 = ...,...2..,,..0...,...0 __......,..,,...,,2_,,,63 .,.., ,...,,1__,,71 ,...,,, 4 ...,,,. ...,.....4 ...,... .2 Total 2,196,750.00 490,170.28 2,196,750.00 490,170.28 Total Debt Service Requirements (NMED & NMFA loan payments) Year Ending 30-Jun Water Wastewater Utility Total Principal Interest Princi al Interest Principal Interest 2021 539,800 209,560 1,911,898 131,390 2,451,698 340,950 2022 550,078 199,283 1,921,457 121,831 2,471,535 321,114 2023 560,556 188,805 1,931,065 112,224 2,491,621 301,029 2024 571,237 178,123 1,940,720 102,568 2,511,957 280,691 2025 582,128 167,233 1,950,424 92,865 2,532,552 260,098 2026 593,231 156,130 1,960,176 83,112 2,553,407 239,243 2027 604,550 144,811 1,094,429 73,312 1,698,979 218,122 2028 616,089 133,270 1,099,901 67,839 1,715,990 201,110 2029 627,856 121,505 1,105,400 62,340 1,733,256 183,845 2030 639,851 109,509 1,110,927 56,813 1,750,779 166,322 2031 652,081 97,280 1,116,482 51,258 1,768,563 148,538 2032 664,550 84,811 1,122,064 45,676 1,786,614 130,487 2033 618,807 72,099 1,127,675 40,066 1,746,482 112,164 2034 631,182 59,723 1,133,313 34,427 1,764,495 94,150 2035 580,981 47,099 1,138,980 28,761 1,719,960 75,860 2036 404,127 35,480 1,144,674 23,066 1,548,802 58,545 2037 412,210 27,397 1,150,398 17,342 1,562,608 44,739 2038 420,453 19,153 1,156,150 11,590 1,576,603 30,743 2039 405,473 10,744 1,161,931 5,810 1,567,403 16,553 2040 131,712 2,634 131,712 2,634 Total -s-1 0-,s os ,--954-......$ '""' ..,,,."""" --- -2-,"""'0 64 ,64 9_$__...,,2,...,s-,2=1s-,--os"'""2-s-----1....,...., ,,.......,......,.. s s ---.3 ,2....2s...... ss ,o-1..... o -----s---3-1...... 1 s=2-,2=9 .,,.. ,o ... =- ,9�39 -------- ....., """" -2.15-  i..:;: 0 +-' '"'C QJ ::J C :;:; C 0 u ,c:i'­ 0 (0 0 V') ..c 0 'r""I b.O ro C 0 E ·- +-' E�ro a. 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