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TAX LEVY CALCULATION
<br />City of Orono, Minnesota
<br />Dated Date:
<br />CIP PORTION ONLY
<br />Tax Tax Bond
<br />Levy Collect Pay Total P & I Net
<br />Year Year Year P & I x 105% Levy
<br />2013 / 2014 / 2015 46,924.48 49,270.70 49,270.70 *
<br />2014 / 2015 / 2016 281,093.76 295,148.45 295,148.45
<br />2015 / 2016 / 2017 281,993.76 296,093.45 296,093.45
<br />2016 / 2017 / 2018 282,793.76 296,933.45 296,933.45
<br />2017 / 2018 / 2019 283,493.76 297,668.45 297,668.45
<br />2018 / 2019 / 2020 284,093.76 298,298.45 298,298.45
<br />2019 / 2020 / 2021 284,593.76 298,823.45 298,823.45
<br />2020 / 2021 / 2022 279,993.76 293,993.45 293,993.45
<br />2021 / 2022 / 2023 280,393.76 294,413.45 294,413.45
<br />2022 / 2023 / 2024 280,400.00 294,420.00 294,420.00
<br />2023 / 2024 / 2025 285,000.00 299,250.00 299,250.00
<br />2024 / 2025 / 2026 284,062.50 298,265.63 298,265.63
<br />2025 / 2026 / 2027 282,687.50 296,821.88 296,821.88
<br />2026 / 2027 / 2028 280,537.50 294,564.38 294,564.38
<br />2027 / 2028 / 2029 283,250.00 297,412.50 297,412.50
<br />Totals 4,001,312.06 4,201,377.66 4,201,377.66
<br />*The actual tax levy for taxes collected in 2014 was set prior to the sale of Bonds.
<br />$5,275,000 General Obligation Bonds, Series 2014A
<br />6/19/2014
<br />ATTACHMENT E
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