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ASSESSMENT SCHEDULE <br /> <br />Constant Principal Payment Method <br /> <br />Project: 2003 Pavement Rehabilitation <br />Project No: 818980J <br />Parcel: 75-409-0310 <br /> <br />Owner: <br /> c/o <br />Address: <br /> <br />CoD' and Tracey Stoeckel <br /> <br />413 Quirm Avenue <br />Elk River, MN 55330 <br /> <br />Interest Start Date: <br />Repayment Period: <br />Interest Rate: <br /> <br /> Assessments: <br />Pavement Rehabilitation <br /> <br />December 1,2003 <br /> 7 yrs <br /> 5.50% <br /> <br />Quantity <br /> <br /> Unit Measure Unit Price Amount <br />1 UNIT 5,000.00 $ 5,000.00 <br /> <br />YEAR <br /> <br />ANNUAL <br />PAYMENT <br /> <br />PRINCIPAL <br />PAYMENT <br /> <br />INTEREST <br />PAYMENT <br /> <br />PRINCIPAL <br />REMAINING <br /> <br />2003 <br />2004 <br />2005 <br />2006 <br />2007 <br />2008 <br />2009 <br />2010 <br /> <br /> $0.00 $0.00 $5,000.00 <br />$1,012.64 $714.29 $298.36 $4,285.71 <br />$950.00 $714.29 $235.71 $3,571.43 <br />$910.71 $714.29 $196.43 $2,857.14 <br />$871.43 $714.29 $157.14 $2,142.86 <br />$832.14 $714.29 $117.86 $1,428.57 <br />$792.86 $714.29 $78.57 $714.29 <br />$753.57 $714.29 $39.29 $0.00 <br /> <br />Note: <br /> <br /> $6,123.36 Total Annual Payment <br /> <br />The interest payment for the year 2004 includes $23.36 <br />for interest accrued from December 01, 2003 to January 01, 2004. <br /> <br />Page 1 <br /> <br /> <br />