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ITEM 5. <br /> Park Bond ESTIMATED Tax Impact (j <br /> AVERAGE TAX INCREASE BASED <br /> III INTEREST ANNUAL TAX ON 1997 NET TAX CAPACITY <br /> BOND ISSUE SIZE RATE TERM DEBT RATE 100.000 HR 100,000 C/I 500,000 C/I <br /> $1,000,000 6.00% 15 110000 0.00926 11.85 27.77 198.07 <br /> $2,000,000 6.00% 15 205000 0.01725 22.08 51.75 369.13 <br /> $3,000,000 6.00% 15 300000 0.02524 32.31 75.73 540.18 <br /> NOTES: <br /> Interest rate of 6.00% is used as an example only. The actual rate may vary substantially and could <br /> significantly change the amount of tax impact. <br /> All assumptions are based on 1997 data. Changes in the City's Net Tax Capacity could significantly <br /> change the amount of tax impact. <br /> Average annual debt for each given bond issue is an estimate only. Bond structure, interest rate and <br /> other factors will affect the actual annual debt. <br /> HR is Homestead Residential <br /> C/I is Commercial Industrial <br /> S <br /> • <br /> 3/4/97 <br /> PARKBOND.XLS <br />