Tab_271eI*N:TITiI I
USE OF GROSS PROCEEDS OF REFUNDED BONDS
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OHSUSA:765956927.5
AMBB 2016 Series Three & Four
Borrowers with Borrower Reserve Funds
Borrower Borrower Borrower Borrower Borrower
Reserve Current Reserve Current Reserve Being Reserve Transferred
Par Amount Par Amount Par Amount % of Par Borrower Reserve Deposit Deposit Borrower Reserve Released into Remaining in Proceeds in
Currently Being Left Being Original Deposit (Bond (Equity & Current Deposit Escrow Reserve Borrower
Borrower Series Purpose Outstanding Refunded Outstanding Refunded from Bond Proceeds Proceeds) Earnings) (Total) (Total) (Total) Reserve
Partial
Seward 2007-1 refund 2000 1,265,000 1,075,000 190,000 85.0% 111,629.81 (1) 111,629.81 135,670.21 247,300.02 (2) - 247,300.02 94,863.28
Bethel 2007-3 New money 2,470,000 2,295,000 175,000 92.9% 299,750.00 299,750.00 19,933.64 319,683.64 102,183.64 217,500.00 278,512.65
Kodiak
(Harbor) 2007-5 New money 1,700,000 1,700,000 - 100.0% -(3) - 130,536.91 130,536.91 130,536.91 - -
Kodiak
(Lift) 2007-5 New money 3,490,000 3,490,000 - 100.0% -(3) - 305,064.64 305,064.64 305,064.64 - -
Kodiak 2009-1 New money 850,000 850,000 - 100.0% -(3) - 73,173.40 73,173.40 73,173.40 - -
Ketchikan 2006-2 New money 31,775,000 30,845,000 930,000 97.1% 2,261,500.00 (4) 2,261,500.00 372,821.52 2,634,321.52 (5) 394,321.52 2,240,000.00 2,195.309.76
1,005,280.11 2,704,800.02 2,568,685.69
(1) Per Seward 2007 tax certificate: 2007 reserve requirement was $149,437.50, of which
$111,629.81 was transferred proceeds and the balance was equity.
(2) Per Seward, the amount on hand in the Reserve Fund for the 2000 bonds (which were
partially refunded by 2007-1) is $247,300.02, which would consist of the 2007-1 transferred
proceeds, equity, and earnings.
(3) Entirely funded from equity contribution
(4) 2006 reserve requirement was $2,579,875.00 of which $2,261,500.000 was funded from
bond proceds and $318,375.00 from an equity contribution.
(5) Per Ketchikan, the amount on the Reserve Fund for the 2006 bonds is $2,634,321.52,
which would consist of 2006 bond proceeds, equity and earnings,
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OHSUSA:765956927.5
Proceeds of Refunded Bond Bank Bonds
Current AMBB
Refunded Issue Reserve Deposit
2006-2 1,739,669
2007-1 388,109
2007-2 685,107
2007-3 437,681
2007-5 0
2008-1 4,264,432
2008-2 1,601,162
2009-1 734,544
CBJ 2006B 0
AMBB Reserve
Deposit Total Percent of Issue AMBB Reserve *
(transferred proceeds) AMBB Reserve Refunded Transferred Proceeds
1,739,669 97.2272% 1,691,431.21
434,613 822,722 78.6139% 646,774.47
685,107 99.5900% 682,297.48
437,681 71.0526% 310,983.87
0 100.0000% 0.00
4,264,432 75.2140% 3,207,448.87
1,601,162 78.8660% 1,262,772.10
734,544 27.9605% 205,382.23
0 100.0000% 0.00
9,850,702 434,613 10,285,316
8,007,090
All amounts shown will remain in AMBB Reserve
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OHSUSA:765956927.5