HomeMy WebLinkAbout20062766 McGEADY SISNEROS, P.C.
ATTORNEYS AT LAW
1675 BROADWAY,SUITE 2100
DENVER,COLORADO 80202
TELEPHONE: (303)592-4380
FACSIMILE: (303)592-4385
MARYANN M. McGEADY
DARLENE SISNEROS SPECIAL COIINSEI
MARY JO DOUGHERTY KENNETH M. KOPROWICZ
ANNE K. LAPORTA
MEGAN BECHER
KATHRYN S. KANDA
A. ELIZABETH PRAHASTO
CATHERINE A. WOODS
September 22, 2006
VIA FEDERAL EXPRESS
Weld County Clerk & Recorder
1402 N. 17th Avenue
P.O. Box 459
Greeley, CO 80632
Re: Pioneer Regional Metropolitan District and Pioneer Metropolitan District
Nos. 1-6, Approved February 6, 2006
Dear Sir or Madam:
As a follow-up to my September 20, 2006 letter to you, enclosed for your files please find
one copy of each of the above-referenced Service Plans.
Please do not hesitate to contact me if you have any questions. Thank you.
Very truly yours,
MCGEADY SISNEROS,P.C.
GG Ellen M. Parrish
Paralegal
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Enclosures •
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SERVICE PLAN
FOR
PIONEER
REGIONAL METROPOLITAN DISTRICT
(Service District)
(COUNTY OF WELD, COLORADO)
Approved: February 6, 2006
PREPARED BY:
McGEADY SISNEROS, P.C.
1675 BROADWAY, SUITE 2100
DENVER, COLORADO 80202
(303) 592-4380
GATEWAY AMERICAN RESOURCES
9145 EAST KENYON AVE., SUITE 202
DENVER, CO 80237
(303) 843-9742
{00054184.DOC v:16)
TABLE OF CONTENTS
Paae
I. INTRODUCTION 1
A. General Information 1
II. DISTRICT BOUNDARIES/MAPS 2
III. PURPOSE OF THE DISTRICT 3
A. Generally 3
B. Proposed Structure 4
IV. PROPOSED LAND USE/POPULATION PROJECTIONS 6
V. DESCRIPTION OF PROPOSED SERVICES 8
A. Types of Improvements 8
1. Water 8
2. Sanitation 9
3. Streets 10
4. Safety Protection 10
5. Park and Recreation 11
6. Transportation 11
7. Television Relay and Translation 12
8. Mosquito Control 12
9. Fire Protection 12
10. Other Powers 13
(a) Plan Amendments 13
(b) Phasing, Deferral 13
(c) Eminent Domain 13
(d) Additional Services 14
B. Standards of Construction/Statement of Compatibility 15
VI. ASSESSED VALUATION 15
VII. ESTIMATED COSTS OF FACILITIES 15
VIII. REGIONAL IMPROVEMENTS / INTERGOVERNMENTAL AGREEMENT 16
A. Coordinated Services of the Districts. 16
IX. OPERATION AND MAINTENANCE/ ESTIMATED COSTS 18
X. FINANCIAL PLAN/PROPOSED INDEBTEDNESS 19
A. General Discussion 19
B. Service District Participation 20
1. Revenue Bonds 20
2. Operations 21
C. Financing Districts Participation. 22
-- I. Limited General Obligation Bonds 22
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2. Mill Levy Cap 25
3. Regional Improvements Mill Levy 26
4. Operations 27
XI. ELECTION QUESTIONS 28
XII. DISSOLUTION OF DISTRICT 28
XIII. DEFAULT OF DISTRICT 29
XIV. CONCLUSION 29
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SCHEDULE OF EXHIBITS
EXHIBIT A Legal Description of Property
EXHIBIT B-1 Boundary and Vicinity Map
EXHIBIT B-2 Service Area
- EXHIBIT C List of Improvements and Preliminary Engineer's Estimate of Costs;
Depiction of Location of Public Improvements
EXHIBIT D Financial Plans
(00054184.DOC v:16) iii
SERVICE PLAN FOR
PIONEER REGIONAL METROPOLITAN DISTRICT
I. INTRODUCTION
A. General Information
In accordance with the requirements of the Special District Control Act, Section
32-1-201, et seq., Colorado Revised Statutes, this Service Plan consists of a financial analysis
and an engineering plan showing how the existing and proposed facilities and services of the
proposed Pioneer Regional Metropolitan District(the "District" or"Service District")will be
constructed and financed. This Service Plan complies with all applicable state and federal laws
and the Special District Control Act and the Weld County Guidelines governing Service Plans
for Title 32 Special Districts ("Guidelines"). The following items are included in this Service
Plan:
1. A description of the proposed services;
2. A financial plan showing how the proposed services are to be financed,
including the proposed operating revenue derived from property taxes of the District;
3. A preliminary engineering or architectural survey showing how the
proposed services are to be provided;
4. A map of the District boundaries,the proposed Service Area, as
hereinafter defined, and an estimate of the population and valuation for assessment of the
District;
5. A general description of the facilities to be constructed and the standards
of such construction, including a statement of how the facility and service standards of the
District are compatible with facility and service standards of Weld County (the "County") and of
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any municipalities and special districts which are interested parties pursuant to Section
32-1-204(1), Colorado Revised Statutes;
6. A general description of the estimated cost of acquiring land, engineering
services, legal services, administrative services, proposed indebtedness and estimated proposed
maximum interest rates and discounts, and other major expenses related to the operation of the
District; and
7. A description of any arrangement or proposed agreement with any
political subdivision for the performance of any services between the District and such other
political subdivision, and if applicable, a form of the agreement is attached hereto.
II. DISTRICT BOUNDARIES/MAPS
The total area proposed to be included within the District's boundaries at the time of
organization is approximately 1.0 acre ("Property"). A legal description of the Property is
attached hereto as Exhibit A. A map of the boundaries of the District and a vicinity map is
attached as Exhibit B-1. A map of the proposed service area, which comprises the approximate
5,600 acre Pioneer development, is attached as Exhibit B-2 (referred to herein as "Service Area"
or"Development"). If the County approves land uses for the Development (defined below) for
commercial, single-family and multi-family residential uses, then it is anticipated that the
Districts would finance the improvements described herein in order to serve such Development.
Each tract of land ("Tract") will describe the type of development that will be permitted with
respect to that Tract.
{00054184.DOC v:16) 2
III. PURPOSE OF THE DISTRICT
A. Generally
The Service Area is entirely within the boundaries of the County. The District
and the property within the Service Area are located generally north of I-76 at the intersection of
CR 22 and CR 49. Water and sewer service will be provided by Resource Colorado Water and
Sanitation Metropolitan District ("Resource") as discussed below. Resource has received a
conditional service area designation from North Front Range Water Quality Planning
Association to serve as the regional wastewater treatment provider to the Service Area("208
Permit"). The Service Area is within the area prescribed by the 208 Permit. The Development is
now vacant and is not presently served with the facilities and services to be provided by the
District. Neither the County nor any other existing special district has plans to provide such
services and facilities within a reasonable time and on a comparable basis.
It is proposed that the District will work in cooperation with Pioneer Metropolitan
District Nos. 1-6 to serve the Service Area and will have the following powers: (1) to provide
sanitation service to the Service Area; (2)to provide water services to the Service Area ; (3)to
provide street improvements in the Service Area, including some drainage improvements; (4) to
provide safety protection facilities and services in the Service Area; (5)to provide transportation
facilities in the Service Area; (6)to provide mosquito control facilities and services in the
Service Area; (7)to provide park and recreation facilities and services; (8)to provide television
relay and translation facilities in the Service Area; and (9)to provide limited fire protection
services.
The District will dedicate certain of the public improvements to the County or to
such other entity, as appropriate. Portions of the Development are within Hudson Fire Protection
toe
{00054184 DOC v 16) 3
District ("Hudson FPD") or Southeast Weld Fire Protection District ("SEWFPD"). Fire
protection and emergency medical response services will be provided by Hudson FPD or
SEWFPD, as applicable. Law enforcement services will be provided by the Weld County
Sheriff's Department through an intergovernmental agreement with the Pioneer Law
Enforcement Authority to be formed pursuant to Section 30-11-401 et seq., C.R.S. Specifically,
it is anticipated that the LEA would be formed thirty days following the canvass of votes cast at
an election indicating approval of the creation of the LEA at the November 2006 election.
B. Proposed Structure
Services will be provided to the Development by seven metropolitan districts: the
District; Pioneer Metropolitan District No. 1 ("District No. 1"); Pioneer Metropolitan District
No. 2 ("District No. 2"); Pioneer Metropolitan District No. 3 ("District No. 3"); Pioneer
Metropolitan District No. 4 ("District No. 4"); Pioneer Metropolitan District No. 5 ("District
No. 5"); and Pioneer Metropolitan District No. 6 ("District No. 6"). All are sometimes referred
to collectively as the "Districts." The District will be the "Service District" organized to finance
and construct the public improvements throughout the Development and operate and maintain
the water and sewer infrastructure within the Development. District No. 1, District No. 2,
District No. 3, District No. 4, District No. 5 and District No. 6, together with any other districts
that are organized to provide financing for the public infrastructure and services, are sometimes
hereinafter referred to collectively as the "Financing Districts."
The seven districts will coordinate their efforts in order to finance and construct
the Improvements (defined herein) and to provide public services to the Service Area in the most
efficient manner possible. The construction of the infrastructure or provision of services within
the Districts will occur in multiple phases. The District will be responsible for: (1)managing
•- (00054184.DOC v:16) 4
the construction of the public facilities and improvements within the Service Area and the
operation of the water and sewer infrastructure and (2) providing funding to support costs related
to the necessary services and improvements. Each Financing District will be responsible for
financing its respective share of the improvements and associated operation and maintenance
costs, as described in the respective Service Plan for each Financing District. It is anticipated
that the Districts will enter into a Facilities Funding, Construction and Operations Agreement
("FFCOA") which will set forth the arrangements for the financing, construction and operations
of the improvements contemplated herein for the Development. The FFCOA will set forth that
the District will have the authority to enter into agreements on behalf of the Districts for the
provision of wholesale water and sanitation and storm drainage services and improvements and
services within the Service Area directly or through the establishment of a water enterprise and a
sewer enterprise.
The District will enter into an intergovernmental agreement with Resource
whereby Resource will provide water and sanitation and storm drainage service to the District,
which will in turn, distribute water, collect sewage and otherwise service the individual
residential or commercial users or customers within the Service Area, as more specifically set
forth in Sections V.A.1 and V.A.2 herein.
This multiple district structure is proposed because the projected absorption of the
Development and the public improvements to be financed are reasonably projected to extend
over more than six (6)years from the date of organization of the District and the Development
has varying projected uses. In fact, the build-out for the Development is anticipated to exceed
fifteen(15) years; therefore, as is permitted by the Guidelines, the Districts anticipate issuance of
debt beyond fifteen (15) years in order to provide the services outlined in the Service Plans since
(00054184.DOC v:16) 5
such development phasing makes it impracticable to issue all debt within 15 years. Furthermore,
the multiple district structure is proposed because it provides several benefits to the inhabitants
of the Development and the County. Multiple districts will assure that: (I) the necessary services
and improvements can be financed in the most favorable and efficient manner; (2) costly
infrastructure will not be constructed and financed prior to an established need; (3) all the
services and improvements needed for the Development will be available when needed through
managed development; and (4) a reasonable mill levy and reasonable tax burden on all
residential and commercial property within the Districts will be maintained through managed
financing and coordinated completion of infrastructure improvements. The mechanics of the
multiple district structure will be addressed in the FFCOA, which will be more specifically
described in Section VIII herein.
IV. PROPOSED LAND USE/POPULATION PROJECTIONS
It is anticipated that the land use for the Property and the Service Area will provide for
the development of a maximum of 200,000 square feet of commercial uses, 9,500 single-family
residential units and 500 attached and/or multi-family units. The peak daytime residential
population for the property within the Development is estimated at 25,000 persons, based upon a
ratio of 2.5 people per residential unit. These projections are subject to revision based upon final
land use approvals. Due to the small size of the District boundaries, the future population of the
District is anticipated to be de minimus.
It is anticipated that the District's boundaries may change from time to time as it
undergoes inclusions and exclusions pursuant to parts 4 and 5 of Article 1, Title 32, C.R.S.
Specifically, inclusions and exclusions will be permitted between and among the Districts within
the Development boundaries. Inclusions and exclusions of property that are not described in this
(00054184.DOC v:16) 6
Service Plan("Extraordinary Inclusion(s)") shall require 45 day notice publication and written
notice to the County pursuant to Section 32-1-207(3)(b), C.R.S. If, within 45 days of the
publication of such notice, the County expresses to the District a written objection to an
Extraordinary Inclusion, then such action shall be considered a material modification of this
Service Plan and shall be resolved only in accordance with Section 32-1-207(2), C.R.S. The
_ vote by the District Board of Directors to seek such an Extraordinary Inclusion which precedes
the notice to the County must occur at a public meeting of he District for which the District has
given written notification via US mail at least 14 days and not more than 30 days in advance of
such a meeting to all electors, residents, and landowners. Such notification must include the
time, date, and location of the meeting as well as a general description of the modifications to be
discussed.
Furthermore, other than service between and among the Districts, no extraterritorial
service is anticipated to be provided by the Districts. However, the Districts may participate in
the financing and construction of offsite road improvements that are required by the County to
support development within the Service Area. Any extraterritorial service agreements not
described herein ("Extraordinary Extraterritorial Service Agreements")by the District shall
require 45 day notice publication and written notice to the County pursuant to Section 32-1-
•— 207(3)(b), C.R.S. If, within 45 days of the publication of such notice, the County expresses to
the District a written objection to an Extraordinary Extraterritorial Service Agreement, then such
action shall be considered a material modification of this Service Plan and shall be resolved only
in accordance with Section 32-1-207(2), C.R.S. The vote by the District Board of Directors
regarding such Extraordinary Extraterritorial Service Agreement which precedes notice to the
County must occur at a public meeting of he District for which the District has given written
{00054184.DOC v:16} 7
notification via US mail at least 14 days and not more than 30 days in advance of such a meeting
to all electors, residents, and landowners. Such notification must include the time, date, and
location of the meeting as well as a general description of the modification to be discussed.
V. DESCRIPTION OF PROPOSED SERVICES
The following paragraphs provide a description of the proposed services to be provided
by the District.
A. Types of Improvements
The District plans to provide for the design, acquisition, construction, installation,
maintenance, and financing of certain water, sanitation, storm drainage, street, safety, park and
recreation, transportation, television relay and translation, and mosquito control improvements
and services within and without the boundaries of the District ("Primary Infrastructure Plan"or
"Improvements"). This Service Plan describes those Improvements anticipated for construction
and financing by the District, together with the Financing Districts, which Improvements will
benefit the Development and the County. The Improvements generally depicted and described in
Exhibit C have been presented for illustration only and the exact design, subphasing of
construction and location of the Improvements will be determined at the time of platting and
such decisions shall not be considered to be a material modification of the Service Plan.
1. Water. The District shall have the power to provide for the design,
acquisition, construction, completion, installation, operation and maintenance of a complete
potable and nonpotable water supply, purification, storage, transmission and distribution system,
which may include, but shall not be limited to: wells, water pumps, purification plants, pump
stations,transmission lines, distribution mains and laterals, fire hydrants, irrigation facilities,
storage facilities, land and easements, and all necessary, incidental, and appurtenant facilities,
(00054184.DOCv:16} 8
together with extensions of and improvements to said system within and without the boundaries
of the District. The water supply system will supply the water needs for the Service Area as
development occurs. Water facilities and service arrangements to the entire Service Area will be
provided by the District. The District will acquire water rights and water services as necessary
and build the water facilities for the Service Area. It is anticipated that the District will develop
and implement municipal standards for the provision of water service, which standards will
govern the District's construction of water facilities and provision of water service in association
with any Colorado Department of Health or other applicable regulations. The water facilities
will be constructed in phases.
The District will enter into an intergovernmental agreement with Resource,
whereby Resource will construct the facilities necessary to transport its water("Water Supply")
from Resource's facilities to the Service Area connection point ("Resource IGA"). The Water
Supply is generally located on certain of the properties commonly known as the Prospect Valley
properties in Weld and Adams Counties. The Resource IGA will address the financing of the
water facilities in accordance with the terms of the Resource Service Plan. The District will
maintain the water facilities, or cause such facilities to be maintained.
2. Sanitation. The District shall have the power to provide for the design,
acquisition, construction, completion, installation, operation and maintenance of a complete
sanitary sewage collection, treatment, transmission, and disposal system which may include, but
shall not be limited to, treatment plants, collection mains and laterals, lift stations, transmission
lines, sludge handling and disposal facilities, and/or storm sewer, flood and surface drainage
facilities and systems, including detention/retention ponds and associated irrigation facilities, and
all necessary, incidental, and appurtenant facilities, land and easements, together with extensions
(00054184-DOC v:16) 9
of and improvements to said system within and without the boundaries of the District. It is
— anticipated that the District will develop and implement municipal standards for the provision of
sewer service, which standards will govern the District's construction of sewer facilities and
provision of sewer service, in association with the Colorado Department of Health.
Pursuant to the Resource IGA, Resource will provide final wastewater treatment
service to the Service Area. The District will maintain the sanitation and storm drainage
facilities, or cause such facilities to be maintained.
3. Streets. The District shall have the power to provide for the acquisition,
construction, completion, installation and/or operation and maintenance of street improvements,
including curbs, gutters, culverts, and other drainage facilities, sidewalks, bike paths and
pedestrian ways, bridges, overpasses, interchanges, median islands, paving, lighting, grading,
landscaping and irrigation,together with all necessary, incidental, and appurtenant facilities, land
and easements, together with extensions of and improvements to said facilities within and
without the boundaries of the District and the Service Area. Such street improvements will be
constructed to County standards, unless otherwise approved by the County. It is anticipated that,
unless and/or until acceptance by the County, the Districts or an owner's association within the
Property ("OA")will, by agreement, own, operate and maintain the streets constructed by any of
the Districts. The District may supplement the County's maintenance of the streets as the
District deems necessary or desirable to benefit its service users.
It is anticipated that all streetscaping or street landscaping improvements will be
maintained by one of the Districts or OA within the Service Area.
4. Safety Protection. The District shall have the power to provide for the
acquisition, construction, completion, installation and/or operation and maintenance of facilities
._ {00054184.DOCv:16) 10
and/or services for a system of traffic and safety controls and devices on streets and highways,
including signalization, signing and striping, together with all necessary, incidental, and
appurtenant facilities, land and easements,together with extensions of and improvements to said
facilities within and without the boundaries of the District and the Service Area. Unless and/or
until acceptance by the County, all safety protection improvements will be maintained by the
Districts or OA, by agreement.
5. Park and Recreation. The District shall have the power to provide for the
design, acquisition, construction, completion, installation, operation and maintenance of parks
and recreational facilities and programs including, but not limited to, parks, bike paths and
pedestrian ways, open space, landscaping, cultural activities, community recreational centers,
water bodies, irrigation facilities, and other active and passive recreational facilities and
programs, and all necessary, incidental and appurtenant facilities, land and easements, together
with extensions of and improvements to said facilities within and without the boundaries of the
District and the Service Area. All such parks and recreational facilities and landscaping will be
owned and maintained by the Districts or OA, by agreement, unless and/or until such
improvements are accepted by the County.
6. Transportation. The District shall have the power to provide for the
— design, acquisition, construction, completion, installation, operation and maintenance of a system
to transport the public by bus, rail, or any other means of conveyance, or combination thereof, or
pursuant to contract, including park and ride facilities and parking lots, structures, and facilities;
together with all necessary, incidental and appurtenant facilities, land and easements, and all
necessary extensions of and improvements to said facilities of systems within and without the
boundaries of the District and the Service Area. Unless and/or until acceptance by the County, it
•, {00054184.DOCv:16) 11
is anticipated that the transportation improvements will be owned, operated and maintained by
the Districts, the OA or other appropriate jurisdiction.
7. Television Relay and Translation. To account for a circumstance where
the private sector cannot fund television relay and translation services necessary to serve the
District, the District shall have the power to provide for the design, acquisition, construction,
completion, installation, operation and maintenance of television relay and translation facilities
and programs, together with all necessary, incidental and appurtenant facilities, land and
easements, and all necessary extensions of and improvements to said facilities or programs
within and without the boundaries of the District and the Service Area. Following acceptance,
the television relay and translation improvements will be owned, operated and maintained by one
of the Districts or other appropriate jurisdictions.
8. Mosquito Control. The District shall have the power to provide for the
eradication and control of mosquitoes, including but not limited to elimination or treatment of
breeding grounds, and purchase, lease, contracting or other use of equipment or supplies for
mosquito control.
9. Fire Protection. A portion of the property within the Development is
within Hudson FPD and a portion is within SEWFPD. The District shall have the limited power
(limited as more specifically set forth below)to provide for the financing of and design,
acquisition, construction, completion, installation, operation and maintenance of facilities and
equipment for fire protection, including fire stations, ambulance and emergency medical
response and rescue services and diving and grappling stations and all necessary, incidental and
appurtenant facilities, land and easements, together with extensions of and improvements to said
systems within and without the boundaries of the District. The fire protection improvements and
{00054184.DOCv:16} 12
facilities will be operated and maintained by Hudson FPD or SEWFPD, as applicable. The
Districts' intention in having fire protection power is to enable them to use a portion of their mill
levy to fund improvements of Hudson FPD or SEWFPD that are necessary to serve the
Development. It is the express intent of this Service Plan that the Districts authority to provide
limited fire protection service and facilities shall be exercised cooperatively with an existing fire
service provider, rather than authorize the creation of an independent fire department as a part of
the District.
10. Other Powers. In addition to the enumerated powers, the Board of
Directors of the District ("Board") shall also have the following authority:
(a) Plan Amendments. To amend the Service Plan as needed, subject
to the appropriate statutory procedures.
(b) Phasing, Deferral. Without amending this Service Plan, to defer,
forego, reschedule, or restructure the financing and construction of certain Improvements and
facilities, to better accommodate the pace of growth, resource availability, and potential
inclusions and exclusions of property within the District.
(c) Eminent Domain. To exercise the power of eminent domain to
construct certain Improvements necessary for the Development. Specifically, the Districts will
use the eminent domain power to carry out the District's essential functions and services as well
as to construct the Improvements. The use of eminent domain will be undertaken strictly in
compliance with State laws. Use of eminent domain or change in the Improvements to be
•' constructed by the District not described in this Service Plan shall require 45 day notice
publication and written notice to the County pursuant to Section 32-1-207(3)(b), C.R.S. If,
within 45 days of the publication of such notice, the County expresses to the District a written
{00054184.DOC v:16} 13
objection to the proposed action, then this proposed action shall be considered a material
modification of this Service Plan and shall be resolved only in accordance with Section 32-1-
207(2), C.R.S. The vote by the District Board of Directors to utilize eminent domain in such a
manner which precedes notice to the County must occur at a public meeting of the District for
_ which the District has given written notification via US mail at least 14 days and not more than
30 days in advance of such a meeting to all electors, residents, and landowners. Such
notification must include the time, date, and location of the meeting as well as a general
description of the modification to be discussed.
(d) Additional Services. Except as specifically provided herein, to
provide such additional services and exercise such powers as are expressly or impliedly granted
by Colorado law, provided that if, after this Service Plan is approved, the Colorado State
Legislature includes additional powers or grants new or broader powers for Special Districts by
amendment of Section 32-1-1001, et seq., C.R.S., no such powers shall be available to or
exercised by the District unless the District publishes 45 day notice and provides written notice
to the County pursuant to Section 32-1-207(3)(6), C.R.S. If, within 45 days of the publication of
such notice, the County expresses to the District a written objection to the proposed action, then
the proposed action shall be considered a material modification of this Service Plan and shall be
resolved only in accordance with Section 32-1-207(2), C.R.S. The vote by the Board of
Directors to obtain or utilize such powers which precedes notice to the County must occur at a
public meeting of the District where the District has given individual postcard notification via
— US mail at least 14 days and not more than 30 days in advance of such a meeting to all electors,
residents, and landowners. Such notification must include the time, date, and location of the
meeting as well as a general description of the modification to be discussed.
,.� {00054184.DOC v:16) 14
B. Standards of Construction/Statement of Compatibility
The District will ensure that the Improvements are designed and constructed in
accordance with the requirements of the jurisdiction in which the Improvements are located and
consistent with the levels of service adopted by that jurisdiction. The District will obtain all
necessary approvals from the appropriate governing entity prior to construction and installation
of the Improvements. Where Improvements are constructed within the County, the District shall
obtain from the County all appropriate approvals prior to commencing construction on any phase
of the Improvements.
VI. ASSESSED VALUATION
For purposes of the Financial Plans (including Significant Assumptions) attached hereto
as Exhibit D,the Property within the District's boundaries is assumed to have an assessed
valuation of$-0-. The projected build-out for the proposed District is set forth in the Financial
Plans. The projected assessed valuation of the Development, based upon the land use
expectations heretofore noted, is set forth in the Financial Plans. At build-out, the assessed
valuation of the Property is expected to be de minimus and the assessed valuation of the
Development is expected to be Two Hundred Ninety-Six Million Three Hundred Sixty-Seven
Thousand Nine Hundred Twenty-Eight Dollars ($296,367,928).
VII. ESTIMATED COSTS OF FACILITIES
The estimated costs of the Improvements to be designed, constructed, installed and/or
acquired by the District and/or the Districts are approximately as set forth in Exhibit C attached
hereto. A general description and preliminary engineering sketch of the facilities to be
constructed and/or acquired are also set forth in Exhibit C attached hereto. The combined total
estimated cost of the Improvements is approximately One Hundred Seventy Five Million Dollars
,-, {00054184.DOCv:16) 15
($175,000,000), which has been adjusted for inflation per the Guidelines, to Two Hundred
Twenty Million Dollars ($220,000,000). In addition to the sources of revenue described below,
the District's Board may establish enterprises to fund such facilities, services and programs as
may qualify for enterprise status using the procedures and criteria provided by Article X, Section
20, Colorado State Constitution. It is the current intention that the District will establish a water
enterprise and a sewer enterprise. To the extent provided by law, any enterprise created by the
District will remain under the control of the Board of the District.
VIII. REGIONAL IMPROVEMENTS /INTERGOVERNMENTAL AGREEMENT
A. Coordinated Services of the Districts.
As discussed throughout this Service Plan, the relationship between the District as
the Service District and the Financing Districts, will be established through a proposed FFCOA.
The FFCOA will specify the rights and responsibilities of the District to finance, own, acquire
and facilitate any or all of the Improvements or services, except for the wholesale water and
sanitation and storm drainage services or improvements (which will be owned by Resource), and
operate, construct and maintain the water and sewer infrastructure needed to serve the
Development in conjunction with financing provided by the Financing Districts; the Financing
Districts may contract for services or operate and maintain Improvements to serve the
development within each Financing District. The FFCOA will establish the procedures and
standards for the approval of the design, operation and maintenance of the Improvements and the
financing of fire protection and law enforcement services. Additionally, the FFCOA will
provide the procedures for coordinated financing, budgeting and administrative oversight and
management.
.-. (00054184.DOCv:16) 16
Additionally, the FFCOA will ensure that the control of the Service District will
be transitioned to the Financing Districts by way of an Intergovernmental Agreement when all of
the public improvements needed to serve the Service Area have been financed and constructed.
Additional anticipated intergovernmental agreements include: (i)agreements
between the Pioneer LEA and Weld County Sheriffs Department to facilitate provision of law
enforcement services; (ii) agreements between the Service District and Resource, as more
specifically described in Sections III and V herein; (iii) agreements between the Districts and
Hudson FPD and/or SEWFPD to provide service to the Development; and (iv)potential
agreements between and among the Districts for the purpose of providing service to the
Development.
Execution of intergovernmental agreements by the District that are not described
in the Service Plan ("Extraordinary IGAs") shall require 45 day notice publication and written
notice to the County pursuant to Section 32-1-207(3)(b), C.R.S. If, within 45 days of the
publication of such notice, the County expresses to the District a written objection to the
Extraordinary IGA, then such action shall be considered a material modification of this Service
Plan and shall be resolved only in accordance with Section 32-1-207(2), C.R.S. The vote by the
Board of Directors to enter into such an Extraordinary IGA which precedes the notice to the
County, must occur at a public meeting of the District for which District has given written
notification via US mail at least 14 days and not more than 30 days in advance of such a meeting
to all electors, residents, and land owners. Such notification must include the time, date and
location of the meeting as well as a general description of the modification to be discussed.
�.,� {00054184.DOCv:16{ 17
IX. OPERATION AND MAINTENANCE /ESTIMATED COSTS
Subject to the applicable warranty, the District intends to dedicate certain facilities
constructed or acquired, to the appropriate jurisdiction for operations and maintenance. Certain
water and sewer improvements completed by the District may be owned, operated and/or
maintained by the District subject to the receipt of financing from the Financing Districts
pursuant to the FFCOA and enterprise revenues as more specifically set forth below. The
Financing Districts will operate and maintain the Improvements to serve the development within
each Financing District. To the extent it is necessary to share operation and maintenance costs,
the applicable Districts will enter into an intergovernmental agreement(s)to facilitate this.
Estimated costs for operation and maintenance functions are shown on the Financial Plans. It is
anticipated that the Financing Districts will initially impose an operation and maintenance mill
levy of ten (10) mills to cover the operating costs of the Districts. The District and/or Financing
Districts may impose a system of fees, rates, tolls, penalties or charges in connection with its
provision of services to supplement these revenues.
The Mill Levy Cap, as hereafter defined, is inclusive of the Financing Districts' mill levy
necessary for provision of operation and maintenance services to the Property and Service Area.
The District's initial annual operating budget is Fourteen Thousand Sixty-Eight Dollars
($14,068) (to be inflated at 2%per year thereafter). These projections are subject to change
based upon final land use approvals.
In addition to the sources of revenue described above, the District's Board may set up
enterprises to manage and operate such facilities, services and programs as may qualify for
enterprise status using the procedures and criteria provided by Article X, Section 20, Colorado
State Constitution. To the extent provided by law, any enterprise created by the District will
{00054184.DOC v.16) 18
remain under the control of the Board of the District. The operation and maintenance of the
water and sewer facilities will be funded by the revenue derived from a monthly fee to be
established by the water and sewer enterprise pursuant to a rate study.
X. FINANCIAL PLAN/PROPOSED INDEBTEDNESS
A. General Discussion.
This Section IX summarizes the components of the Financial Plans attached
hereto as Exhibit D, as they relate to the Service District and the Financing Districts. The
Financial Plans show how the Districts will cooperatively finance the proposed facilities and/or
services, including the estimated costs of engineering services, legal services, administrative
services, proposed bond issuances and estimated proposed maximum interest rates and discounts,
and other major expenses related to the operation of the Districts and as such, should be read
together. With regard to the Financing Districts, the Financial Plan contained in Exhibit D is a
combined financial plan. As development occurs, any debt issued by any of the Financing
Districts will be structured to ensure that the respective district has sufficient capacity to support
such debt. The Financial Plans demonstrate one possible scenario for the issuance of bonds and
repayment based on the projected development within the Service Area. Additionally, for
illustrative purposes, Exhibit D includes an alternative financial plan which presents the impact
of a 30 year absorption of the projected build out of development within the Service Area.
Although the land use application for the Development contemplates 200,000
square feet of commercial development, 9,500 single family units and 500 multi-family units, for
purposes of the Financial Plans, the development projection is based only on the residential units,
on the basis that any commercial development is assumed as single family equivalents within the
10,000 residential units. The Financial Plans demonstrate that, at various projected levels of
{00054184.DOC v 16) 19
C
development, the Districts have the ability to finance the facilities identified herein, and will be
capable of discharging the debt on a reasonable basis. The Financial Plans anticipate imposition
of certain capital infrastructure fees totaling approximately$22,000 in the aggregate per
equivalent residential unit, as more specifically set forth in the Financial Plans. Rate studies will
be conducted, as necessary, to confirm the relative amounts of such fees. The District may
increase or decrease fees as it deems necessary to accommodate the financing, construction and
installation of Improvements or services.
Pursuant to the terms of the FFCOA, the Financing Districts shall be responsible
for financing some of the costs of the Improvements for the Development through the issuance
of general obligation bonds. The District is authorized to issue revenue bonds secured by various
revenue sources, including fee revenue or the Financing Districts' pledge of proceeds from
general obligation bonds.
The Financial Plans show that prior to the time of the initial issuance of bonds by
the District or the Financing Districts, the construction costs for necessary improvements will be
paid by the Developer of the property within the Development, subject to subsequent acquisition
by the District of the completed improvements and payment to the Developer of such
construction costs together with accrued interest thereon.
B. Service District Participation.
1. Revenue Bonds.
In order to fund the planning, design, acquisition, construction, completion
and installation of the Improvements, the District may issue revenue bonds through its enterprise
payable from either proceeds from general obligation bonds issued by the Financing Districts or
from revenue generated from rates, fees, tolls or charges of the District, the Financing Districts
(00054184.DOC v:16) 20
or any water or sewer enterprise created by the District. Any such revenue bonds will be issued
in strict compliance with any then-existing statutory or regulatory provisions. Bonds would
mature not more than thirty (30) years from the date of issuance, with the first maturity being not
later than three years from the date of their issuance. The maximum voted interest rate is
anticipated to be eighteen percent (18%) and the maximum underwriting discount is anticipated
to be five percent(5%). The exact interest rates and discounts will be determined at the time the
bonds are sold by the District, and will reflect market conditions at the time of sale. The District
may also issue notes, certificates, debentures or other evidences of indebtedness, including but
not limited to contracts that extend beyond one year.
The District may capitalize interest to permit payment of interest during
the time lapse between development of properties and collection of fees, rates, tolls and charges,
and to establish reserve funds. Interest income through the reinvestment of construction funds
will provide additional income. The projected revenue sources will retire the proposed bonds if
growth occurs as projected; otherwise increases in and/or the imposition of new rates, tolls, fees
and charges may be necessary.
The revenue bonds issued by the District shall never constitute debt or
indebtedness of the District, the County, or any other political subdivision of the state within the
meaning of any provision or limitation of the laws of Colorado or the state constitution.
2. Operations.
Annual administrative, operational and maintenance expenses are
estimated as shown in the Financial Plans. With regard to the District, the Financial Plans
contemplate that a portion of the revenue derived from the ten (10) Regional Improvements Mill
Levy (equivalent to 2 mills) will be transferred to the District. The Financial Plans project that
o00s4184.DOC v.16) 21
the District will have sufficient revenue to pay for its ongoing operations and maintenance
expenses. If necessary, however, the District reserves the right to supplement these revenues
with additional revenue sources as permitted by law. The County shall not be held liable for any
of the District's obligations as set forth in this Service Plan.
Prior to the District having sufficient revenue to pay its ongoing
operations and maintenance expenses,the Developer of the property within the Development
will advance funds to the District. The District shall have the authority to repay the Developer
for amounts advanced for operations and maintenance expenses, together with interest thereon,
pursuant to an operation funding agreement between the District and the Developer.
C. Financing Districts Participation.
1. Limited General Obligation Bonds
The Financing Plan projects the issuance of limited general obligation
bonds in the total aggregate principal amount of Two Hundred Twenty Million Dollars
($220,000,000) ("Baseline Debt Authorization"). It is anticipated that the Financing Districts
will make a total general obligation pledge to the District and/or issue bonds in the amount of the
Baseline Debt Authorization to assist in financing the Improvements; however the total amount
of general obligation debt issued by all of the Financing Districts shall not exceed the Maximum
•- Debt Authorization, defined below. The FFCOA will provide that each Financing District will
have a cap on its total obligation, and each Financing District shall only be required to fund on
an annual basis the amount the applicable Financing District would be capable of funding
through tax revenues resulting from the imposition of a mill levy cap as defined in each
Financing District's Service Plan. The maximum voted interest rate is anticipated to be eighteen
percent (18%) and the maximum discount is anticipated to be five percent (5%). The exact
{000541s4.DOC v:16} 22
interest rates and discounts will be determined at the time the bonds are sold by the Financing
Districts, and will reflect market conditions at the time of sale.
The Districts will seek authority from their electorates to incur debt for
various purposes in an aggregate amount, including all bonds issued by all Financing Districts,
not to exceed Three Hundred Thirty Million Dollars ($330,000,000) ("Maximum Debt
Authorization"), which comprises the Baseline Debt Authorization, increased up to 150% as
discussed below and as set forth in the Guidelines. The Maximum Debt Authorization exceeds
the Baseline Debt Authorization set forth in the Financial Plans to allow for the utilization of
_ alternative financing mechanisms, unforeseen contingencies, increases in construction costs due
to inflation, changes in voter approved priorities, and to cover all issuance costs, including
capitalized interest,reserve funds, discounts, legal fees and other incidents of costs of issuance,
and such authorization will be utilized subject to the limitations set forth below.
The District shall not issue debt in excess of the Baseline Debt
Authorization unless (i)the projected interest rate on the debt to be issued by the District; (ii) the
projected assessed valuation of the property within the District; or(iii) the projected rate of
absorption of the assessed valuation within the District change or the rate of inflation is
demonstrated to be in excess of 3%, leading to increased debt capacity for the District as
determined by an investment banking firm or financial advisor; in which case the Baseline Debt
Authorization may increase up to 150%of the original projected maximum debt capacity. Any
issuance of debt in excess of the Baseline Debt Authorization shall require 45 day notice
publication and written notice to the County pursuant to Section 32-1-207(3)(b), C.R.S., along
with a report form the financial advisor described above, documenting the basis for such issue.
If, within 45 days of the publication of such notice, the County expresses to the District a written
{00054184.DOC v:16) 23
objection to the proposed action,then the proposed action shall be considered a material
modification of this Service Plan and shall be resolved only in accordance with Section 32-1-
207(2), C.R.S. The vote by the Board of Directors to issue debt in excess of the Baseline Debt
Authorization which precedes notice to the County must occur at a public meeting of the District
for which the District has given written notification via US mail at least 14 days and not more
than 30 days in advance of such a meeting to all electors, residents, and landowners. Such
notification must include the time, date, and location of the meeting as well as a general
description of the modification to be discussed.
Additionally, the District shall not issue debt prior to the approval of a
Comprehensive Plan Amendment which anticipates land use designations substantially similar to
the land use designations set forth in the Comprehensive Plan Amendment submitted for County
review on October 19, 2005.
Prior to the first issuance of bonds, it is anticipated that the Developer will
advance funds for the construction of the Improvements which advances will accrue interest and,
as such, the principal amount of bonds issued by the Financing Districts will be increased to
cover such costs.
Bonds would mature not more than thirty (30) years from the date of
issuance, with the first maturity being not later than three years from the date of their issuance.
The maximum voted interest rate is anticipated to be eighteen percent (18%) and the maximum
underwriting discount is anticipated to be five percent (5%). The exact interest rates and
discounts will be determined at the time the bonds are sold by the Financing Districts, and will
reflect market conditions at the time of sale. The Financing Districts may also issue notes,
;00054184.DOC v:16} 24
certificates, debentures or other evidences of indebtedness, including but not limited to contracts
that extend beyond one year.
2. Mill Levy Cap.
The Financing Districts will have the authority to impose a mill levy on all
taxable property within their boundaries as a primary source of revenue for payment of debt
service and operation and maintenance expenses, including the Regional Improvements Mill
Levy defined below, not to exceed the "Mill Levy Cap" of sixty five (65) mills, provided
however, that in the event the method of calculating assessed valuation is changed after the base
year of 2006, by any change in law, change in method of calculation, or in the event of any
legislation or constitutionally mandated tax credit, cut or abatement, the mill levy limitation
applicable to such Mill Levy Cap may be increased or decreased to reflect such changes, such
increases or decreases to be determined by the Board in good faith (such determination to be
binding and final) so that to the extent possible, the actual tax revenues generated by the mill
levy, as adjusted, are neither diminished nor enhanced as a result of such changes ("Gallagher
Adjustment")t. In no event shall the debt service portion of the mill levy exceed 50 mills,
subject to the Gallagher Adjustment.
Although the mill levy may vary depending on each Board's decision to
fund the projects contemplated in this Service Plan, it is estimated that a mill levy of forty (40)
mills will produce revenue sufficient, together with other funds available, to support the
Financing Districts' debt service through the bond repayment period. It is anticipated that the
Financing Districts will initially impose an operations and maintenance mill levy of ten (10)
mills to cover the operating costs of the Districts and a Regional Improvements Mill Levy of ten
For purposes of the foregoing,a change in the ratio of actual valuation shall be deemed to be a change in the
"' method of calculating assessed valuation.
(00054ts4.Doc et6) 25
(10)mills. Interest income through the reinvestment of construction funds, capitalized interest
and annual tax receipts will provide additional funds. These revenue sources should be sufficient
to retire the proposed indebtedness and cover operating expenses of the Districts if growth occurs
as projected; otherwise, increases in the mill levy and/or the imposition of rates, tolls, fees and
charges may be necessary, but in no event shall the total mill levy imposed by each Financing
District exceed the Mill Levy Cap.
3. Regional Improvements Mill Levy.
The FFCOA will provide that the Service District shall be authorized to
provide for the planning, design, acquisition, construction, installation, relocation and/or
redevelopment and a contribution to the funding of certain regional water and sanitation and
storm drainage improvements and services and fund the administration and overhead costs
related to the provision of such regional improvements and services. "Regional Improvements"
are defined as such water and sanitation and storm drainage improvements and services as the
Service District in its sole reasonable discretion believes are public in nature and are permitted
by state law to be paid for from revenues derived from the Financing Districts, including
operations and maintenance thereof.
The Financing Districts shall impose a"Regional Improvements Mill
Levy", which means the mill levy imposed for payment of the costs of the planning, design,
permitting, construction, acquisition and financing of the water and sanitation and storm drainage
improvements and services and operation and maintenance costs therefor, which shall not exceed
the amount determined pursuant to the formula set forth in subsection 2, "Mill Levy Cap."
Collections shall begin in the first year of collection of an operations and maintenance or debt
{00054184.DOCv:161 26
service mill levy by each Financing District. The Regional Improvements Mill Levy shall
continue in each year thereafter until the Service District determines it is no longer necessary.
All mills described in this Regional Improvement Mill Levy definition
shall be adjusted as follows: on or after January 1, 2006, if there are changes in the method of
calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement the
mill levy described above shall be increased or decreased to reflect such changes, such increases
or decreases to be determined by the Board in good faith (such determination to be binding and
final) so that to the extent possible, the actual tax revenues generated by the mill levy, as
adjusted for changes occurring after January 1, 2006, are neither diminished nor enhanced as a
result of such changes; and for purposes of the foregoing, a change in the ratio of actual
valuation shall be deemed to be a change in the method of calculating assessed valuation.
The revenue from the Regional Improvement Mill Levy shall be conveyed to the Service District
pursuant to the FFCOA for use in planning, designing, constructing, installing, acquiring,
relocating, redeveloping or financing of the Regional Improvements as prioritized and
determined by the Service District which benefit the service users and taxpayers of the Financing
Districts in accordance with such agreement and for operation and maintenance costs therefor.
The Regional Improvements shall be limited only as set forth in the FFCOA.
4. Operations.
Annual administrative, operational and maintenance expenses are
estimated as shown in the Financial Plans. The Financial Plans contemplate that the Financing
Districts will impose a mill levy of ten (10) mills for operations. The Financial Plans project that
the Financing Districts will have sufficient revenue to pay for their ongoing operations and
maintenance expenses. If necessary, however, the Financing Districts reserve the right to
{00054184.DOC v16) 27
supplement these revenues with additional revenue sources as permitted by law. The County
shall not be held liable for any of the Districts' obligations as set forth in this Service Plan.
Prior to the Financing Districts having sufficient revenue to pay their
ongoing operations and maintenance expenses, the Developer of the property within the
Development will advance funds to the Financing Districts. The Financing Districts shall have
the authority to repay the Developer for amounts advanced for operations and maintenance
expenses, together with interest thereon, pursuant to one or more operation funding agreements
between the Financing Districts and the Developer.
XI. ELECTION QUESTIONS
Thirty (30) days prior to an election thereon, proposed ballot questions for a formation
election, debt authorization or de-Brucing will be submitted to the County for filing and review.
Weld County shall have the right to object to any ballot questions not in compliance with the
Service Plan as a major modification of the District's Service Plan pursuant to Section 32-1-
207(3)(a), C.R.S.
XII. DISSOLUTION OF DISTRICT
The District shall be dissolved after the District's debt and financial obligations are fully
defeased and the District has completed all of its operations and maintenance responsibilities.
To the extent that the District has long-term, on-going operations and maintenance obligations, it
will not be obligated to dissolve. However, in the event said obligations are someday undertaken
by another party, or are otherwise no longer the responsibility of the District, the District shall be
required to dissolve.
._ {00054184.DOC v:16} 28
XIII. DEFAULT OF DISTRICT
A. In the event the District fails to pay its debt when due or defaults in the
performance of any obligation that has been agreed to between the District and the County,
which obligation has been identified by the County in writing as a material obligation, and such
default is continuing after the expiration of any cure periods, the District shall be precluded from
issuing additional debt except refunding bonds issued to avoid or to cure a payment default,
without receiving written permission from the Board of County Commissioners following a
public hearing on the matter.
B. In the event that a court of competent jurisdiction has made a final, unappealable
determination that a District has defaulted on any of its financial contracts, the District shall be
precluded from issuing additional debt except to refund or refinance a financial obligation for the
purpose of avoiding or curing a default without receiving written permission from the Board of
County Commissioners following a public hearing on the matter.
C. Failure of the District to adhere to any of the conditions, restrictions, or
requirements contained in its approved Service Plan, including those set forth in Sections IV,
V.A.(10), X.C, and XI, shall be a material modification of the Service Plan and shall carry
whatever rights, remedies, and penalties which are available to the County or the electors of the
District under the Act.
XIV. CONCLUSION
It is submitted that this Service Plan for the Pioneer Regional Metropolitan District
establishes that:
A. There is sufficient existing and projected need for organized service in the area to
be serviced by the District;
.- {00054184.DOC v:16) 29
B. The existing service in the area to be served by the District is inadequate for
present and projected needs;
C. The District is capable of providing economical and sufficient service to the area
within its proposed boundaries;
D. The area to be included in the District does have, and will have, the financial
ability to discharge the proposed indebtedness on a reasonable basis;
E. Adequate service is not, and will not be, available to the area through the County
or other existing municipal or quasi-municipal corporations, including existing special districts,
within a reasonable time and on a comparable basis;
F. The facility and service standards of the District are compatible with the facility
and service standards of the County within which the special district is to be located and each
municipality which is an interested party under Section 32-1-204(1), Colorado Revised Statutes;
G. The proposal is in substantial compliance with a master plan adopted pursuant to
Section 30-28-106, C.R.S.; and
H. The proposal is in compliance with any duly adopted County, regional, or state
long-range water quality management plan for the area; and
I. The creation of the District is in the best interests of the area proposed to be
served.
{00054184.DOCv:16} 30
EXHIBIT A
Legal Description of Property
(00054184.DOC v:16)
•
LEGAL DESCRIPTION
A PARCEL OF LAND BEING A PART OF THE SOUTHEAST QUARTER OF SECTION 18,
TOWNSHIP 2 NORTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN,
COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER OF
SAID SECTION 18, AND CONSIDERING THE WEST LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 18 TO BEAR SOUTH 01°02'20" EAST, WITH ALL
BEARINGS CONTAINED HEREIN RELATIVE THERETO;
THENCE NORTH 01°02'20" WEST, ALONG THE WEST LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 18, A DISTANCE OF 283.71 FEET TO THE POINT OF
BEGINNING;
THENCE CONTINUING NORTH 01°02'20" WEST, ALONG SAID WEST LINE OF THE
SOUTHEAST QUARTER OF SECTION 18, A DISTANCE OF 208.71 FEET;
THENCE NORTH 89°07'45" EAST, A DISTANCE OF 208.71 FEET;
THENCE SOUTH 01°02'20" EAST, A DISTANCE OF 208.71 FEET;
THENCE SOUTH 89°07'45" WEST, A DISTANCE OF 208.71 FEET TO THE POINT OF
BEGINNING,
CONTAINING A CALCULATED AREA OF 43,560 SQUARE FEET OR 1.000 ACRE,
MORE OR LESS.
THE ABOVE AND FOREGOING DESCRIBES A SURFACE ESTATE ONLY. EXPRESSLY
EXCLUDED FROM THIS LEGAL DESCRIPTION ARE ANY ESTATES BELOW THE
SURFACE INCLUDING OIL, GAS AND OTHER MINERALS (INCLUDING SAND AND
GRAVEL)AND ANY RELATED RIGHTS OF SURFACE USE.
I, THOMAS D. STAAB, A SURVEYOR LICENSED IN THE STATE OF COLORADO,
HEREBY CERTIFY THAT THIS LEGAL DESCRIPTION WAS PREPARED BY ME OR
UNDER MY DIRECT SUPERVISION AND IS CORRECT AND ACCURATE TO THE BEST
OF MY KNOWLEDGE AND BELIEF. ip Rl .
THOMAS D. STAAB, PLS 25965 Se, W"'b• PF�t n+
FOR AND ON BEHALF OFo/_t Z_06 0
CARROLL & LANGE, INC. = 25965
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EXHIBIT B-1
Boundary and Vicinity Map
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• Denotes Change of -Direction Only. This Nolessiooai EngineersB Land Surveyors
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monumented survey. It is intended only (303)980-0200
to depict the attached legal description.
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EXHIBIT B-2
Service Area
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EXHIBIT C
List of Improvements and Preliminary Engineer's Estimate of Costs;
Description of Location of Public Improvements
.e
0
.PPP
•-` (00054184.DOC v.16)
Contents
1. District Cost Summary
2. Pioneer Regional Metropolitan District
3. Pioneer Metropolitan District#1 - Detailed Budget
4. Pioneer Metropolitan District#2 - Detailed Budget
5. Pioneer Metropolitan District#3 - Detailed Budget
6. Pioneer Metropolitan District #4 - Detailed Budget
7. Pioneer Metropolitan District#5 - Detailed Budget
8. Pioneer Metropolitan District#6 - Detailed Budget
9. District Maps
• District Boundary
• Onsite Sanitary Sewer
• Onsite Potable Water
• Onsite Storm Sewer
• Roadways
• Conceptual Open Space/Trail Plan
10. List of Improvements and Preliminary Engineers Estimate
of Costs; District Cost Assumption Backup
DISTRICT COST SUMMARY:
With Inflation per
County Guidelines
Present Based on a 30 yr
Value Bond Term
Pioneer Regional Metropolitan District: $29,849,400 $37,558,742
Pioneer Metropolitan District#1: $26,414,954
Pioneer Metropolitan District#2: $31,387,214
Pioneer Metropolitan District#3: $27,952,104
Pioneer Metropolitan District#4: $33,007,929
Pioneer Metropolitan District#5: $21,026,280
Pioneer Metropolitan District#6: $5,204,722
Total Pioneer Metropolitan District#1 -6= $144,993,203. $182,441,258
TOTAL COSTS $174 ,842, 603 $220,000, 000
PIONEER REGIONAL
METROPOLITAN DISTRICT (PRMD):
I) Major District Components
A) Potable Water Facilities
Pumping Facilities
Storage Facilities
Water Filtration and Treatment Plants
Power Plants Ventilation
Gauging Stations Inlets
Infiltration Galleries
Parking Facilities
Miscellaneous Appurtenant Facilities
B) Water Transmission Lines
To include lines 124"in size.
(Note: There are no water lines 124" in size.)
C) Non-Potable Water Farilitiee
Pumping Facilities
Storage Facilities
Irrigation Distribution
D) Sanitary Sewer Improvements
To include all sanitary sewer mains contained within the Pioneer
District streets.
E) Street Improvements
Off-Site street improvements
II) Potable Water Facilities
UNIT TOTAL
•� DESCRIPTION QNTY UNIT COST COST
Blending/Treatment 1 EA $ 230,000 $ 230,000
Storage 5,000,000 Gallons $ 1 $ 5,000,000
Pumping 1 EA $ 440,000 $ 440,000
SUBTOTAL 5,670,000
Design/Survey/Testing;
Construction Management;and
Contingency 18% 1,020,600
6,690,600
Subtotal 6,690,600
1/9/2006
2:21 PM Page 4
PIONEER REGIONAL
METROPOLITAN DISTRICT (PRMD):
III) Non-Potable Water Facilities
UNIT TOTAL
DESCRIPTION LINTY UNIT COST COST
Storage 500,000 Gallons $ 1 $ 500,000
Pumping 1 EA $ 160,000$ 160,000
Irrigation Distribution Lines 91,867 LF $ 39 $ 3,577,289
SUBTOTAL 4,237,289
Design/Survey/Testing;
Construction Management;and
Contingency 18% 762,712
5,000,000
Subtotal 5,000,000
IV) Sanitary Sewer Improvements
UNIT TOTAL
DESCRIPTION WY UNIT COST COST
A) ALLOCATED TO MD#1
24"PVC ASTM F679 1,200 LF $ 98.49 $ 118,188
SUBTOTAL A $ 118,188
B) ALLOCATED TO MD#5
•� 24"PVC ASTM F679 5,200 LF $ 98.49 $ 512,148
SUBTOTAL B $ 512,148
C) ALLOCATED TO MD#6
24"PVC ASTM F679 5,000 LF $ 98.49 $ 492,450
SUBTOTAL C $ 492,450
r- Subtotal 1,122,786
V)Street Improvements
A) Off-Site Street Improvements' 17,036,014
Subtotal 17,036,014
VI)Cost Summary(Present Value)
• Total Cost—Potable Water Facilities $ 6,690,600
• • Total Cost—Sanitary Sewer Improvements $ 1,122,786
_ • Total Cost—Off-Site Street Improvements $ 17,036,014
• Total Cost—Non-Potable Water Facilities $ 5,000,000
Pioneer Regional Metropolitan District Total $ 29,849,400
Note: •Off-Site Street Improvements include those improvements whose timing,etc.will be
determined thru detailed studies during the Zoning process.
1/9/2006
2:21 PM Page 5
PIONEER METROPOLITAN DISTRICT #1
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
21"PVC ASTM F679 5,000 LF 75.52 377,600
18"PVC ASTM F679 1,700 LF 70.80 120,360
15"PVC SDR 35 7,200 LF 58.64 407,808
12"PVC SDR 35 800 LF 49.56 39,648
SUBTOTAL II 9 945,416
III) Water System Improvements
• 16"D.I.P. 22000 LF $ 112.10 9 2,466,200
SUBTOTAL III S 2,466,200
• IV) Storm Drainage Improvements
DUAL 66"RCP STORM SEWER 1300 LF $ 535.72 5 696,436
48"RCP STORM SEWER 3000 LF 122.72 368,160
• DETENTIOWWATER QUALITY POND EXCAVATION 137000 CY 2.07 283,590
CUSTOM POND OUTLET STRUCTURE 2 EA 33,040.00 88,080
SUBTOTAL IV $ 1,414,266
V) Street Improvements
6 LANE STRATIGIC ROADWAY 3,000 LF $ 419.00E 1,257,000
4 LANE STRATIGIC ROADWAY 0 LF 331.00 -
4 LANE URBAN ARTERIAL 7,500 LF 200.00 1,500,000
2 LANE URBAN ARTERIAL 12,200 LF 213.00 2,598,600
2 LANE RURAL ARTERIAL 7,400 LF 158.00 1,169,200
2 LANE COLLECTOR 3,700 LF 258.00 954,600
TRAFFIC SIGNALS 8 EA 200,000.00 1,200,000
SUBTOTAL V S 8,679,400
1/9/2006
2:21 PM Page 6
rs,
PIONEER METROPOLITAN DISTRICT #1
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
• -Neighborhood Park 5(N5) 12.5 AC 141,600.00 $ 1,770,000
ENTRY FEATURES
-Entry Feature 5(E5) 1 EA 100,300.00 100,300
-Entry Feature 6(Ea) 1 EA 354,000.00 354,000
-Entry Feature 8(E8) 1 EA 59,000.00 59,000
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
._ -8 Lane Stag.Rd. 3,000 LF 115.64 348,920
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 7,500 LF 315.06 2,362,950 "
-2 Lane Urban Artedal 12,200 LF 330.40 4,030,880
-2 Lane Rural Arterial 7,400 LF 122.72 908,128
-2 Lane Collector 3,700 LF 153.40 587,580
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
• -4 Lane Urban Arterial 10,000 LF 25.96 259,600
-2 Lane Urban Arterial 24,400 LF 22.42 547,048
-2 Lane Rural Arterial 2,300 LF 22.42 51,566
-2 Lane Collector 7,400 LF 22.42 165,908
TRAILS
-Major Trails(10'concrete) 8,400 LF 82.60 693,840
-Secondary Trails(6'concrete) 9,200 LF 49.56 455,952
OIL&GAS WELL SCREENING 3 EA 59,000.00 177,000
SUBTOTAL VI S 12,909,672
VII) Cost Summary (Present Value)
• Total Cost—Sanitary Sewer Improvements $ 945,416
• Total Cost—Water System Improvements $ 2,466,200
• Total Cost—Storm Drainage Improvements $ 1,414,266
• Total Cost—Street Improvements $ 8,679,400
• Total Cost—Community Facility Improvements $ 12,909,672
Pioneer Metropolitan District #1 Total $ 26,414,954
r .
• 1/9/2006
2:21 PM Page 7
PIONEER METROPOLITAN DISTRICT #2
•
➢.'
iv a
... UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
• 18"PVC ASTM F679 1,800 LF $ 70.80E 127,440
12"PVC SDR 35 3,900 LF 49.56 193,284
8"PVC SDR 35 800 LF 38.94 31,152
SUBTOTAL II $ 351,876
III) Water System Improvements
•- 16"D.I.P. 11000 LF $ 112.10E 1,233,100
SUBTOTAL III 8 1,233,100
• IV) Storm Drainage Improvements
DUAL 60"RCP STORM SEWER 2300 LF $ 379.96$ 873,908
80"RCP STORM SEWER 1000 LF 189.99 189,980
▪ DETENTION/VVATER QUALITY POND EXCAVATION 110000 CY 2.07 227,700
CUSTOM POND OUTLET STRUCTURE 2 EA 33,040.00 66,080
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 800 LF 66.00 52,800
BRIDGES 1 EA 3,380,000.00 3,380,000
SUBTOTAL IV $ 4,790,468
V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00$ -
4 LANE STRATIGIC ROADWAY 18,800 LF 331.00 8,156,600
4 LANE URBAN ARTERLAL 0 LF 200.00 -
.� 2 LANE URBAN ARTERIAL 9,000 LF 213.00 1,917,000
2 LANE RURAL ARTERLAL 10,500 LF 158.00 1,659,000
2 LANE COLLECTOR 1,200 LF 258.00 309,600
2 LANE RURAL ARTERLAL 0 LF 205.00 -
TRAFFIC SIGNALS 5 EA 200,000.00 1,000,000
SUBTOTAL V $ 11,042,200
1/9/2006
2:21 PM Page 8
PIONEER METROPOLITAN DISTRICT #2
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
-Neighborhood Park (N3) 12.5 AC 141,600.00$ - 1,770,000
ENTRY FEATURES
-Entry Feature(E4) 1 EA 177,000.00 150,000
-Neighborhood Entry Features 2 EA 29,500.00 59,000
r-� STREETSCAPE
-6 Lane Stag.Rd. - 0 LF 115.64 0
-4 Lane Stag.Rd. 18,600 LF 298.54 5,552,844
-4 Lane Urban Arterial 0 LF 315.06 0
-2 Lane Urban Arterial 9,000 LF 330.40 2,973,600
-2 Lane Rural Arterial 10,500 LF 122.72 1,288,560
-2 Lane Collector 1,200 LF 153.40 184,080
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 16,400 LF 22.42 367,888
-2 Lane Rural Arterial 4,700 LF 22.42 105,374
-2 Lane Collector 2,400 LF 22.42 53,808
TRAILS
-Major Trails(10'concrete) 5,700 LF 82.60 470,620
-Secondary Trails(6'concrete) 14,100 LF 49.56 698.796
OIL&GAS WELL SCREENING 5 EA 59,000.00 295,000
SUBTOTAL VI $ 13,989,570
VII) Cost Summary(Present Value)
• Total Cost—Sanitary Sewer Improvements $ 351,876
r's • Total Cost—Water System Improvements $ 1,233,100
• Total Cost—Storm Drainage Improvements $ 4,790,468
• Total Cost—Street Improvements $ 11,042,200
• Total Cost—Community Facility Improvements $ 13,969,570
Pioneer Metropolitan District #2 Total $ 31,387,214
1/9/2006
2:21 PM Page 9
r-•
PIONEER METROPOLITAN DISTRICT #3
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
18'PVC ASTM F679 5,100 LF $ 70.80$ 361,080
15"PVC SDR 35 4,550 LF 56.64 257,712
12"PVC SDR 35 3,200 LF 49.58 158,592
10"PVC SDR 35 700 LF 47.20 33,040
SUBTOTAL II 6 810,424
III) Water System Improvements
16'D.I.P. 25000 LF $ 112.10 E 2,802,500
SUBTOTAL III S 2,802,600
IV) Storm Drainage Improvements
DUAL 66"RCP STORM SEWER 600 LF 6 535.72$ 321.432
66"RCP STORM SEWER 700 LF 267.86 187,502
48"RCP STORM SEWER 2000 LF 122.72 245,440
DETENTONNVATER QUALITY POND EXCAVATION 174000 CY 2.07 360,180
CUSTOM POND OUTLET STRUCTURE 3 EA 33,040.00 99,120
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 1500 LF 66.00 99,000
CULVERTS 2 EA 222,500.00 445,000
•--SUBTOTAL IV 6 1,767,674
V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00 $ -
4 LANE STRATGIC ROADWAY 0 LF 331.00 -
4 LANE URBAN ARTERIAL 2,100 LF 200.00 420,000
2 LANE URBAN ARTERIAL 7.500 LF 213.00 1,597,500
2 LANE RURAL ARTERIAL 0 LF 158.00
2 LANE COLLECTOR 14,400 LF 258.00 3,715,200
TRAFFIC SIGNALS 3 EA 200,000.00 600,000
SUBTOTAL V 8 6,332,700
•
—
1/9/2006
2:21 PM Page 10
PIONEER METROPOLITAN DISTRICT #3
UNIT TOTAL
DESCRIPTION ONLY UNIT COST COST
VI)Community Facilities
PARKS -
-Community Park 70 LS S 6,500,000
-Neighborhood Park (N7) 12.5 AC 141,600.00 1,770,000
ENTRY FEATURES
-Entry Feature(E4) 0 EA 0.00 0
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
-6 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 2,100 LF 315.06 681,626
-2 Lane Urban Arterial 7,500 LF 330.40 2,478,000
-2 Lane Rural Arterial 0 LF 122.72 0
-2 Lane Collector 14,400 LF 153.40 2,208,960
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 20,200 LF 22.42 452,884
-2 Lane Rural Arterial 0 LF 22.42 0
-2 Lane Collector 28,000 LF 22.42 582,920
TRAILS
-Major Trails(10'concrete) 13,800 LF 82.60 1,139,880
-Secondary Trails(6'concrete) 5,600 LF 49.56 277,536
OIL S GAS WELL SCREENING 2 EA 59,000.00 118,000
SUBTOTAL VI $ 16,248,806
pas VII)Cost Summary (Present Value)
• Total Cost—Sanitary Sewer Improvements $ 810,424
• Total Cost—Water System Improvements $ 2,802,500
• Total Cost—Storm Drainage Improvements $ 1,757,674
• Total Cost—Street Improvements $ 6,332,700
• Total Cost—Community Facility Improvements $ 16,248,806
Pioneer Metropolitan District #3 Total $ 27,952,104
r-
1/9/2006
2:21 PM Page 11
PIONEER METROPOLITAN DISTRICT #4
pa
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
18"PVC ASTM F679 4,600 LF E 70.80 S 325,680
15"PVC SDR 35 13,200 LF 56.64 747,648
12"PVC SDR 35 1,250 LF 49.56 61,950
10"PVC SDR 35 800 LF 47.20 37,760
8"PVC SDR 35 700 LF 38.94 27,258
SUBTOTAL II S 1,200,296
III) Water System Improvements
16"D.I.P. 11000 LF E 112.10 6 1,233,100
12"PVC C900 12600 LF 60.18 758,268
SUBTOTAL III S 1,991,368
IV) Storm Drainage Improvements
66"RCP STORM SEWER 1000 LF 3 267.86 6 267,860
48"RCP STORM SEWER 2000 LF 122.72 245,440
36"RCP STORM SEWER 700 LF 86.14 60,298
DETENTION/WATER QUALITY POND EXCAVATION 146500 CY 2.07 303,255
CUSTOM POND OUTLET STRUCTURE 5 EA 33,040.00 165,200
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 1000 LF 66.00 68,000
BRIDGES 1 EA 3,815,000.00 3,815,000
SUBTOTAL IV 6 4,923,063
V) Street Improvements
•
6 LANE STRATIGIC ROADWAY 0 IF 6 419.00 6 -
4 LANE STRATIGIC ROADWAY 10,800 LF 331.00 3,574,800
4 LANE URBAN ARTERIAL 0 LF 200.00 -
2 LANE URBAN ARTERIAL 11,600 LF 213.00 2,470,800
2 LANE RURAL ARTERIAL 3,000 LF 158.00 474,000
2 LANE COLLECTOR 8,500 LF 258.00 2,193,000
TRAFFIC SIGNALS 2 EA 200,000.00 400,000
SUBTOTAL V 3 9,112,600
7-
1/9/2006
2:21 PM Page 12
PIONEER METROPOLITAN DISTRICT #4
• UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
• VI) Community Facilities
PARKS
-Neighborhood Park(N4) 12.5 AC 141,600.00$ 1770,000
-Neighborhood Park (N6) 12.5 AC 141,600.00$ 1,770.000
ENTRY FEATURES
-Entry Feature(E7) 1 EA 35,400.00 35,400
-Neighborhood Entry Features 2 EA 29,500.00 59,000
• STREETSCAPE
-6 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 10,800 LF 298.54 3,224,232
-4 Lane Urban Arterial 0 LF 315.06 0
r_
-2 Lane Urban Arterial 11,800 LF 330.40 3,832,640
-2 Lane Rural Arterial 3,000 LF 122.72 368,160
-2 Lane Collector 8,500 LF 153.40 1,303,900
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 23,200 LF 22.42 520,144
-2 Lane Rural Arterial 6,000 LF 22.42 134,520
-2 Lane Collector 17,000 LF 22.42 381,140
TRAILS
-Major Trails(10'concrete) 16,600 LE 82.60 1,371,160
•— -Secondary Trails(6'concrete) 6,100 LF 49.56 302,318
OIL&GAS WELL SCREENING 12 EA 59,000.00 708,000
SUBTOTAL VI $ 16,780,612
• VII)Cost Summary(Present Value)
• Total Cost—Sanitary Sewer Improvements $ 1,200,296
• Total Cost—Water System Improvements $ 1,991,368
• Total Cost—Storm Drainage Improvements $ 4,923,053
• Total Cost—Street Improvements $ 9,112,600
• Total Cost—Community Facility Improvements $ 15,780,612
Pioneer Metropolitan District #4 Total $ 33,007,929
I.
1/9/2006
2:21 PM Page 13
PIONEER METROPOLITAN DISTRICT #5
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
18"PVC ASTM F879 - 9,600 IF 70.80 679,680
15"PVC SDR 35 5,000 LF 56.64 283,200
8"PVC SDR 35 6,000 LF 38.94 233,640
SUBTOTAL II 8 1,196,620
III) Water System Improvements
16"D.I.P. 25400 LF 8 112.10 6 2,847,340
12"PVC C900 14000 LF 60.18 842,520
SUBTOTAL III S 3,689,860
IV) Storm Drainage Improvements
66"RCP STORM SEWER 2500 LF $ 267.86 S 669,650
48"RCP STORM SEWER 2000 LF 122.72 245,440
DETENTION/WATER QUALITY POND EXCAVATION 127000 CY 2.07 262,890
'^ CUSTOM POND OUTLET STRUCTURE 3 EA 33,040.00 99,120
SUBTOTAL IV $ 1,277,100
• V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF 6 419.00 8 -
4 LANE STRATIGIC ROADWAY 0 LF 331.00 -
• 4 LANE URBAN ARTERIAL 0 LF 200.00 -
2 LANE URBAN ARTERIAL 5,200 LF 213.00 1,107,600
2 LANE RURAL ARTERIAL 16,000 LF 158.00 2,528,000
2 LANE COLLECTOR 8,200 LF 258.00 2,115,800
•- TRAFFIC SIGNALS 0 EA 200,000.00 -
SUBTOTAL V S 6,761,200
1/9/2006
2:21 PM Page 14
PIONEER METROPOLITAN DISTRICT #5
UNIT TOTAL
DESCRIPTION - LINTY UNIT COST COST
.— VI) Community Facilities
PARKS
-Neighborhood Park (N1) 12.5 AC 141,600.00$ 1,770,000
ENTRY FEATURES
-Entry Feature(El) 1 EA 35,400.00 35,400
-Entry Feature(E2) 1 EA 61,000.00 61,000
-Entry Feature(E3) 1 EA 35,400.00 35,400
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
-6 Lane Stag.Rd. 0 IF 115.64 0
-4 Lane Stag.Rd. 0 LF 298.54 0
i.—
-4 Lane Urban Arterial 0 LF 315.06 0
-2 Lane Urban Arterial 5,200 LF 330.40 1,718,080
-2 Lane Rural Arterial 18,000 LF 122.72 1,963,520
-2 Lane Collector 8,200 LF 153.40 1,257,880
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
,— -2 Lane Urban Arterial 7,400 LF 22.42 165,908
-2 Lane Rural Arterial 10,700 LF 22.42 239,894
-2 Lane Collector 12,900 LF 22.42 289,218
TRAILS
-Major Trails(10'concrete) 13,000 LF 82.60 1,073,800
-Secondary Trails(6'concrete) 0 LF 49.56 0
-Neves Canal Trail(10'crusher fines) 5,000 LF 41.30 206,500
OIL 8,GAS WELL SCREENING 4 EA 59,000.00 236,000
'... SUBTOTAL VI $ 9,111,800
VII) Cost Summary (Present Value)
rm • Total Cost—Sanitary Sewer Improvements $ 1,196,520
• Total Cost—Water System Improvements $ 3,689,860
• Total Cost—Storm Drainage Improvements $ 1,277,100
— • Total Cost—Street Improvements $ 5,751,200
• Total Cost—Community Facility Improvements $ 9,111,600
Pioneer Metropolitan District #5 Total $ 21,026,280
r-
1/9/2006
2:21 PM Page 15
PIONEER METROPOLITAN DISTRICT #6
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST •
II) Sanitary Sewer Improvements
21"PVC ASTM F679 3,700 LF 75.52 279,424
18"PVC ASTM F879 2,700 LF 70.80 191,180
15"PVC SDR 35 1,600 LF 58.84 90,824
SUBTOTAL II $ 561,208
III) Water System Improvements •
16"D.LP. 6000 LF $ 112.10$ 672,600
SUBTOTAL III $ 672,600
IV) Storm Drainage Improvements
DUAL 88"RCP STORM SEWER 2200 LF $ 535.72$ 1,178,584
66"RCP STORM SEWER 2300 LF 287.88 618,078
DETENTION/WATER QUALITY POND EXCAVATION 149000 CY 2.07 308,430
CUSTOM POND OUTLET STRUCTURE 1 EA 33,040.00 33,040
SUBTOTAL IV $ 2,136,132
V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00$ 0
4 LANE STRATIGIC ROADWAY 0 LF 331.00 0
4 LANE URBAN ARTERIAL 0 LF 200.00 0
2 LANE URBAN ARTERIAL 0 LF 213.00 0
2 LANE RURAL ARTERIAL 0 LF 158.00 0
2 LANE COLLECTOR 0 LF 258.00 0
TRAFFIC SIGNALS 0 EA 200,000.00 0
SUBTOTAL V $ 0
•
1/9/2006
2:21 PM Page 16
PIONEER METROPOLITAN DISTRICT #6
UNR TOTAL
DESCRIPTION QNTY UNIT COST COST
VI)Community Facilities
PARKS
-Neighborhood Park (N7) 5 AC 147,500.00 S 737,500
ENTRY FEATURES
-Entry Feature(E9) 1 EA 236,000.00 238,000
-Neighborhood Entry Features 0 EA 29,500.00 0
•— STREETSCAPE
-8 Lane Stag.Rd. 0 IF 115.84 0
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 0 LF 315.06 0
-2 Lane Urban Arterial 0 LF 330.40 0
-2 Lane Rural Arterial 0 LF 122.72 0
-2 Lane Collector 0 LF 153.40 0
FENCING
-8 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 0 LF 22.42 0
-2 Lane Rural Arterial 0 LF 22.42 0
-2 Lane Collector 0 LF 22.42 0
TRAILS
-Major Trails(10'concrete) 2,800 LF 82.60 214,760
-Secondary Trails(6'concrete) 3,700 LF 49.56 183,372
-Box Elder Creek Trail(10'crusher fines) 5,500 LF 41.30 227,150
OIL 8 GAS WELL SCREENING 4 EA 59,000.00 236,000
SUBTOTAL VI $ 1,834,782
VII) Cost Summary (Present Value)
• Total Cost—Sanitary Sewer Improvements $ 561,208
• Total Cost—Water System Improvements $ 672,600
• Total Cost—Storm Drainage Improvements $ 2,136,132
• Total Cost— Street Improvements $ 0
• Total Cost—Community Facility Improvements $ 1,834,782
Pioneer Metropolitan District #6 Total $ 5,204,722
1/9/2006
2:21 PM Page 17
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List of Improvements and Preliminary Engineers
Estimate of Costs; District Cost Assumption Backup
for
Pioneer Regional Metropolitan District
Pioneer Metropolitan Districts 1 thru 6
District Cost Assumptions
Notes:
1. All costs are in 2005 dollars.
2. Sanitary sewer constructed by Resource Colorado District and by Pioneer Regional Metropolitan
District have been allocated to the 6 metropolitan districts by geographic area.
3. Unit Prices:
• Sanitary Sewer,Water&Storm Sewer based on pricing from Tierdael Construction
Company, 8-18-05.
• Grading costs based on pricing provided by Bemas Construction, Inc., 8-19-05.
• Paving costs based on pricing provided by Premier Paving, Inc., 8-19-05.
• Landscaping costs based on pricing provided by Gage Davis&Associates,8-24-05.
-
• Waste Water Treatment Plant and Potable Water Treatment/Storage costs based on pricing
provided by Brad Simons, PE, Gateway American Resources,8-25-05.
• Bridge and Culvert costs provided by Daryl Lindeman, P.E. Carroll& Lange, Inc.,8-25-05.
• 1-76 Interchange&Traffic Signal costs based on pricing provided by Benjamin Waldman, PE,
LSC Consultants, Inc., 8-18-05.
Sanitary Sewer Improvement Assumptions:
1. Unit costs for sanitary sewer mains anticipate an average depth of 11'.
2. Unit costs for sanitary sewer include one(1)manhole every 300 LF.
3. Sanitary mains between 8"-24"shall use 4'-DIA manholes.
4. Sanitary mains greater than or equal to 27"shall use 5'-DIA manholes.
Water System Improvement Assumptions:
1. Unit costs for water mains include one(1)standard fire hydrant assembly, including a tee, valve,
fire hydrant, and approximately 15 LF of 6"DIP,every 1000 LF.
2. Unit costs for water mains include one(1)fitting,tee or cross,every 600 LF.
3. Unit costs for water mains include one butterfly valve every 600 LF.
4. Curvilinear waterline alignments shall be constructed with joint deflections. Fittings for curvilinear
alignments are not included in this cost estimate:
Storm Drainage Improvement Assumptions:
1. Unit costs for storm sewer mains include one(1)manhole every 300 LF.
2. Storm mains between 18"- 30"shall use 4'-DIA manholes.
3. Storm mains between 33"-42"shall use 5'-0IA manholes.
4. Storm mains between 48"- 54"shall use 6'-DIA manholes.
5. Storm mains greater than 54"shall use box base manholes.
-- 6. A 10'Type'R'inlet,with 20'of 18"CL III RCP lateral, is assumed to occur every 300'along storm
mains.
7. Custom pond outlets consist of two type'D'inlets with three orifice plates and 150'of 48"CL III
RCP outlet pipe with a flared end section and very heavy rip-rap protection.
8. Drainage channels are assumed to need a 100'wide corridor,be graded six feet deep with 4:1 side
slopes, with a six-foot bottom width containing a four-foot wide concrete trickle channel with 6-inch
high curbing on each side. The entire corridor will be native grass-lined and will have an eight-foot
wide gravel maintenance access road along the top of one side.
Street Improvemept Assumntions.
1. All street constructed with full depth asphalt with the following thicknesses:
-- 6 Lane Strategic Roadway: 12"
4 Lane Strategic Roadway: 12"
4 Lane Urban Arterial: 12"
2 Lane Urban Arterial: 10"
2 Lane Rural Arterial: 10"
2 Lane Collector: 10"
UNIT PRICES
•-. UNIT UNIT
SANITARY COST
1 33" SPIRAL WOUND PVC ASTM F794 $123.90 LF
30'SPIRAL WOUND PVC ASTM F794 $113.28 LF
27"PVC ASTM F679 $88.50 LF
24'PVC ASTM F679 $79.06 LF
21"PVC ASTM F679 $75.52 LF
18'PVC ASTM F679 $70.80 LF
15"PVC SDR 35 $56.64 LF
12"PVC SDR 35 $49.56 LF
_ 10"PVC SDR 35 $47.20 LF
8"PVC SDR 35 $38.94 LF
WATER
16'D.I.P. $112.10 LF
12'PVC C900 $60.18 LF
STORM
DUAL 66"RCP STORM SEWER $535.72 LF
DUAL 60"RCP STORM SEWER $379.96 LF
.- 72"RCP STORM SEWER $313.88 LF
66"RCP STORM SEWER $267.86 LF
60'RCP STORM SEWER $189.98 IF
54'RCP STORM SEWER $154.58 LF
48"RCP STORM SEWER $122.72 LF
42"RCP STORM SEWER $105.02 LF
36"RCP STORM SEWER $86.14 LF
30"RCP STORM SEWER $76.70 LF
24"RCP STORM SEWER $70.80 LF -
18"RCP STORM SEWER $66.08 EA
DETENTION/WATER QUALITY POND EXCAVATION $2.07 CY
CUSTOM POND OUTLET STRUCTURE $33,040.00 EA
• OPEN CHANNEL(100'WIDE LAND CORRIDOR) $66.00 IF
-- STREET
6 LANE STRATIGIC ROADWAY $419.00 LF
4 LANE STRATIGIC ROADWAY $331.00 LF
_ 4 LANE URBAN ARTERIAL $200.00 LF
2 LANE URBAN ARTERIAL $213.00 LF
2 LANE RURAL ARTERIAL $158.00 LF
2 LANE COLLECTOR $258.00 LF
Note: All Unit Costs include the following: 18%for Design,Staking&Testing;
Construction Management; and
Contingency
•
Tierdael Construction Company
.... �J.�,v .,.
.1VIGeneral Contractors
♦/y, 1775 EAST 69TH AVENUE
i ` DENVER.COLORADO 80229
-.
BUS: (303)287-7700 FAX: (303)287-1790
BUDGET ESTIMATE UNIT PRICES
GATEWAY AMERICAN PROPERTIES
9145 E.KENYON AVE.,SUITE 200
DENVER,COLORADO 80237 -
"- (303)843-9742 FAX(303)43-0143
ATTENTION:PAULL NATION,jr
PROJECT: PIONEER FARMS SUBDIVISION-BUDGET ESTIMATE
.— OWNER:GATEWAY AMERICAN
Addenda
NO. DESCRIPTION UN QUANT AVG.UNIT
A SANITARY SEWER
1 33"SANITARY SEWER PIPE LE I $ 105.00
2 30"SANITARY SEWER PIPE LE 1 $ 96.00
3 27"SANITARY SEWER PIPE LF I $ 75.00
'- 4 24"SANITARY SEWER PIPE LF I $ 67.00
5 21"SANITARY SEWER PIPE LF I $ 64.00
6 I8'SANITARY SEWER PIPE LF I $ 60.00
7 15"SANITARY SEWER PIPE LF I $ 48.00 .
" 8 12"SANITARY SEWER PIPE LF I S 42.00 - -
9 IC"SANITARY SEWER PIPE LF I $ 40.00 •
10 8"SANITARY SEWER PIPE - LF 1 $ 33.00
"- B WATER SYSTEM
1 16"DIP WATER PIPE LF I $ 95.00
2 12"C-900 PVC WATER PIPE LF I $ 51.00
3 8"C-900 PVC WATER PIPE LF 1 $ 38.00
C STORM SEWER
I 72"CL❑I RCP LF I S 266.00
-- 2 66"CL III RCP LF 1 $ 227.00
3 60"CL III RCP LF 1 $ 161.00
4 54"CL III RCP LF I S 131.00
5 48'CL III RCP LF I 5 104.00
`- 6 42'CL III RCP LF I 5 89.00
7 36'CL III RCP LF I S 73.00
8 30"CL III RCP LF I $ 65.00
9 24"CL III RCP LF I $ 60.00
"- I0 18"CL III RCP LF I $ 56.00
I I CUSTOM POND OUTLET STRUCTURE LS 1 $ 28,000.00
1 oft
MEMO
TO: Tom DiRito
FROM: Brad Simons
- CC: Paull Nation
DATE: August 25,2005
RE: Wastewater/Water Facilities—District Cost Estimates
Following is a summary of the estimated capital costs for Resource Colorado's wastewater and
water facilities, as well as Pioneer's control district's water facilities.
RESOURCE COLORADO'S WASTEWATER FACILPFIES
_ As presented to you on Friday, August 19,preliminary planning for Resource Colorado's
wastewater treatment facilities anticipates the improvements being constructed in four phases.
These phases, their respective capacities and resulting total capacity are tabulated below.
Phase Phase Capacity Total Plant Capacity
1 300,000 gpd 300,000 gpd
--
2 3 700,000 gpd 1,000,000 gpd
1,000,000 gpd 2,000,000 gpd
4 2,000,000 gpd 4,000,000 gpd
These phased improvements generate capacity for a quantity of ERUs dependent upon the
average daily flow per ERU. For planning purposes,a value of 320 gallons per day per ERU is
__ commonly used,but the actual flow can be considerably less than this value. Recent use of low
flow devices in new construction has resulted in a value of 240 gallons per day per ERU or less.
ERU capacities for each of these phases are tabulated below for 320 and 240 gpd per ERU.
Phase Phase Capacity At 320 gpd per ERU At 240 gpd per ERU
1 300,000 gpd 938 1250
2 700,000 gpd 2188 2917
3 1,000,000 gpd 3125 4167
4 2,000,000 gpd 6250 8333
Memo to Tom DiRito
August 25,2005
Page Two
In accordance with State of Colorado requirements, once influent flows approach 80 percent of
total plant capacity,planning for the subsequent phase will begin. In accordance with the same
State requirements, construction of each subsequent phase will begin once influent flows
approach 95 percent of total plant capacity. The general trigger points for the planning and
construction of the incremental phases are tabulated below,but these trigger points could be
reduced as a result of actual development projections in the future.
Phase Planning Trigger Construction Trigger
1 N/A N/A
2 240,000 gpd 285,000 gpd
3 800,000 gpd 950,000 gpd _
4 1,600,000gpd 1,900,000gpd
For costing purposes, information associated with four recently constructed wastewater treatment
facilities was assembled. These facilities are all"new"in terms of unit processes. The facilities,
treatment technologies, capacities and costs are tabulated below.
Facility Technology Capacity Cost
Lochbuie CAS 1.0 MGD $5.6M
Milliken Aeromod 0.7 MGD $5.2M
Berthoud CAS 2.0 MGD $7.8M
- Wellington Oxidation Ditch 0.45 MGD $5.1M
The raw costs for Lochbuie's new facility equate to$5.60 per gallon of capacity. The
improvements do not include a permanent headworks structure, and only limited disinfection
facilities were constructed,but many unit processes were constructed to a capacity of 1.5 MGD.
The raw costs for Milliken's new facility equate to$7.43 per gallon of capacity. The
improvements utilized the existing headworks structure to reduce construction costs,but the
project incorporated a higher architectural component.
The raw costs for Berthoud's new facility equate to$3.90 per gallon of capacity. The
improvements utilized the existing solids processing facilities to reduce construction costs.
- The raw costs for Wellington's new facility equate to$11.33 per gallon of capacity, but the
majority of the facility has an actual capacity of 0.7 MGD. Accordingly,the raw costs can be
approximated to be$7.28 per gallon of capacity.
Memo to Tom DiRito
August 25,2005
Page Three
Based upon the raw costs summarized above,an estimated cost of$8.00 per gallon of capacity is
- used for Phase 1 of Resource Colorado's new wastewater treatment facility. Implementing a 10
percent contingency on the estimated cost of$8.00 per gallon, the Phase 1 capacity of 300,000
gallons per day is estimated to cost$2,640,000. surveying, engineering and construction
- management costs are in addition to this construction cost estimate.
Cost estimates, including the 10 percent contingency but excluding surveying, engineering and
-- construction management costs, for the subsequent phases of Resource Colorado's wastewater
treatment facility are tabulated below.
Phase Phase Capacity Cost per Gallon Phase Cost
2 700,000 gpd $7.50 $5,250,000
3 1,000,000 gpd $6.50 $6,500,000
4 2,000,000 gpd $5.00 $10,000,000
Resource Colorado's cost estimates, as presented above, do not include any costs associated with
collection lines,metering facilities,lift stations or interceptor sewers.
RESOURCE COLORADO'S WATER FACILITIES
Appendix F to Pioneer's Comprehensive Plan Amendment application, dated July 29, 2005,
identifies a total water resource planning number of 4,150 acre-feet of water annually for 10,000
ERUs. The infrastructure necessary to deliver this quantity of water on an annual basis to
Pioneer's boundaries includes wells,gathering pipelines, treatment facilities (consisting of
simple chlorination), storage tanks,booster pumping facilities and transmission pipelines. The
initial improvements anticipate facilities capable of delivering approximately half of the annual
supply(2,250 acre-feet)necessary for indoor and outdoor uses. Approximately 1,435 acre-feet
of this initial amount will be used for indoor purposes, while the remaining 815 acre-feet will be
used for outdoor purposes. An estimated 18 water wells within the Lost Creek Designated
Groundwater Basin will need to be reconstructed and equipped to meet the initial supply amount
and provide some water production redundancy. An estimated 10 miles of gathering pipeline
will need to be constructed from the wells to the treatment facilities(20' by 20' buildings and
equipment)and storage tanks. The booster pumping facilities(30' by 30' buildings and
equipment)will be constructed and equipped in phases to meet delivery demands. A maximum
pumping capacity of five times annual average demand is anticipated, so the initial
improvements anticipate a peak capacity of approximately 7,000 gpm achieved in phases. The
initial transmission pipeline is anticipated to be 30 inches in diameter and run an estimated 10
miles to the treatment,storage and distribution facilities of the Pioneer Water and Sanitation
District(i.e. control district). The costs estimates associated with Resource Colorado's initial
improvements are tabulated below.
Memo to Torn DiRito
August 25,2005
Page Four
Item Quantity Unit Unit Price Cost Estimate
Well 18 Each $115,000 $2,070,000
6"Gathering 26,400 Feet $27.00 $712,800
8"Gathering 15,840 Feet $36.00 $570,240
j 12"Gathering 10,560 Feet $54.00 $570,240
Treatment 2 Each $100,000 $200,000
Storage 2,000,000 Gallons $1.00 $2,000,000
Pumping Station 2 Each $360,000 $720,000
30"Transmission 52,800 Feet $135.00 $7,128,000
Subtotal $13,971,280
Contingency(10%) $1,397,128
Total $15,368,408
Over time,the return flows from indoor and outdoor water uses are anticipated to be the
augmentation supply for a dual water system whereby the non-potable irrigation water will be
pumped from shallow alluvial wells in the Box Elder Creek Drainage Basin. For 10,000 ERUs,
the outdoor water requirements equate to 1,500 acre-feet annually. Return flows in the form of
wastewater effluent from indoor water uses are anticipated to be approximately 2,250 acre-feet
annually—more than adequate to augment the anticipated outdoor water uses. Accordingly, as
Pioneer Communities develops,Resource Colorado's initial water system improvements will
only require minimal improvements to accommodate the secondary phase of improvements. The
second phase of infrastructure will need to increase the total annual delivery amount to 2,650
.— acre-feet for indoor water uses and will include additional wells, gathering pipelines, treatment
facilities(consisting of simple chlorination), storage tanks,booster pumping facilities and
transmission pipelines. With the outdoor water demands being met through the non-potable
irrigation component of the dual water system,Resource Colorado's additional improvements
will only be expected to meet the additional indoor water demands and provide a degree of
redundancy for the total of 10,000 ERUs. The costs estimates associated with Resource
Colorado's secondary improvements are tabulated below.
-—
•-,
Memo to Tom DiRito
August 25, 2005
Page Five
Item Quantity Unit Unit Price Cost Estimate
Well 4 Each $115,000 $460,000
6"Gathering 10,560 Feet $27.00 $285,120
"' 8"Gathering 5,280 Feet $36.00 $190,080
12"Gathering 5,280 Feet $54.00 $285,120
Treatment 1 Each $100,000 $100,000
•- Storage 2,000,000 Gallons $1.00 $2,000,000
Pumping Station 1 Each $340,000 $340,000
24"Transmission 31,680 Feet $110.00 $3,484,800
,- Subtotal $7,145,120
Contingency(10%) $714,512
Total $7,859,632
Future wholesale customers of Resource Colorado's water facilities could benefit from the initial
and secondary improvements constructed to serve Pioneer Communities,but additional
improvements constructed to serve these same future wholesale customers could also benefit
Pioneer Communities by providing overall system redundancy, as well as possibly alternate
points of delivery.
PIONEER COMMUNITIES' WATER FACILITIES
Once delivered to Pioneer's boundaries through Resource Colorado's water facilities, additional
-- water facilities are needed for the Pioneer Water and Sanitation District(i.e. control district).
These facilities will include blending facilities(with on-site water sources), treatment facilities
(consisting of simple chlorination),storage tanks,booster pumping facilities and distribution
•- pipelines. The costs estimates associated with the control district's infrastructure, excluding on-
site water sources(i.e.Denver Basin wells) for 10,000 ERUs are tabulated below.
Item Quantity Unit Unit Price Cost Estimate
Blending/Treatment I Each $230,000 $230,000
._ Storage 5,000,000 Gallons $1.00 $5,000,000
Pumping Station 1 Each $440,000 $440,000
Subtotal $5,670,000
Contingency(10%) $567,000
Total $6,237,000
Carroll ng Lange Professional Engineers&Lend Surveyors
• Lakewood • Winter Park August 25, 2005
JN: 3325
Project: Pioneer
Subject: Major Drainage Crossings Concept Stage Budget Estimate
A. Keansburg Tributary Roadway Crossings (double 12' x 6' CDOT Box Culverts)
1. North Crossing under 4 Lane Arterial
(120' +1- back of walk to back of walk) assume 4'cover and 4:1 at each
end to headwalls: 4 x 4 x(2) = 32
120 + 32 = 152'; assume length = 160'
Structure cost: 160'x 2.3 CY/LF x $300/CY = $ 110,000
Channel transition grading &erosion protection
plus revegetation, wingwalls, and safety railing $ 50,000
Subtotal $ 160,000
Concept-Stage Estimated Total $ 235,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management(7%)).
2. South Crossing under 2 Lane Collector
(100 ' +/- back of walk to back of walk) assume 4' cover and 4:1 at each
end to headwalls = 4 x 4 x (2) = 32
100 + 32 = 132', assume length = 135'
Structure cost 135' x 2.3 CY/LF x $300/CY= $ 93,000
Channel transition grading and erosion protection
Plus revegetation, wingwalls, and safety railing $ 50,000
Subtotal $ 143,000
Concept-Stage Estimated Total: $ 210,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management (7%)).
P.O.Box 3345
63 Cooper Creek Way, Suite 328
•— 165 South Union Blvd., Suite 156 Winter Park,CO 80482-3345
Lakewood,CO 60228 (970)7264100 Fax 726-9100
(303)980-0200 Fax 980-0917 Denver-Winter Park Dir. 980-9600
B. Box Elder Creek Roadway Crossings (side by side bridges)
1. Box Elder Creek under WCR22 (4 Lane Strategic Arterial)
Due to median condition and no nearby intersections, assume twin
bridges with 2 lanes plus 6' walk/pedestrian refuge for each direction.
Total edge-to-edge bridge width (each structure) assumed to be 36' +/-.
Span length is assumed to be 300' (90° stream crossing)
Total structure deck area (both bridges):
300' x 36' x 2 structures = 21,600 SF
Structures only cost 21,600 SF x$90/SF= $ 1,944,000
Channel transition grading, spur dikes,erosion projection,
revegetation, guardrails, and 5' average fill for the roadway
for% miles west of the bridge. $ 354,000
Subtotal $2,298,000
Concept-Stage Estimated Total: $3,380,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management (7%)).
2. Box Elder Creek Under WCR 49 (4 Lane Strategic Arterial)
Due to median condition and no nearby intersections, assume twin
Bridges with 2 lanes plus 6' walk/pedestrian refuge for each direction.
Total edge-to-edge bridge width (each structure) assumed to be 36 +/-.
Span length is assumed to be 346' (60°stream crossing)
Total structure deck area (both bridges):
346'x 36',x 2 structures =24,900 SF
Structures only cost: =24,900 SF x $90/SF = $2,241,000
Channel transition grading, spur dikes, erosion projection,
revegetation, guardrails, and 5' average fill for the roadway
for%miles north of the bridge. $ 354,000
Subtotal $2,595,000
Concept-Stage Estimated Total: $ 3,815,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management (7%)).
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EXHIBIT D
Financial Plans for
Pioneer Regional Metropolitan District
and Pioneer Metropolitan District Nos. 1 through 6
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Statement of Significant Assumptions
Pioneer Regional Metropolitan District
Prepared by Kirkpatrick Pettis
1. Regional District: This Regional District will issue revenue bonds to fund the regional
services of the Pioneer Districts #1-6 supported by the mill levy and fees collected from
the residents and homebuilders within those Districts.
2. Development Projections: The single-family residential development schedule includes
9,500 single-family units and 500 multi-family units within Districts #1-6. These two
categories have assumed market values of $225,000/unit, and $130,000/unit. These
market values are inflated at 3%/year through buildout to reflect the Weld County policy
maximum. The single-family residential absorption begins with the first completed home
in 2008 and continues through 2026. The multi-family units will be completed in 2027.
3. Assessed Valuation: Districts #1-6 assessed value is shown in the year of tax collection,
which lags 2 years from the year of construction. The assessed value for commercial
property is 29% of the market value and the assessed value for residential property is
7.96%of the market value,which is the residential assessment ratio effective next year as
determined in accordance with the Gallagher Amendment. At buildout, collected in
2028, the District's expected assessed value will be $296.4 million. This plan also
assumes biennial reassessment of 6% after buildout to reflect the Weld County policy
maximum.
4. District Revenues: The Regional District expects to receive a transfer of mill levies
from Districts #1-6 of 8 mills for debt service and 2 mills for operations in accordance
with an Intergovernmental Agreement. The Regional District will collect sewer tap fees
of $500/SFD unit and $333/MFD unit. The Regional District also expects to collect
water tap fees of $1,000/SFD unit and $667/MFD unit. The transfer of specific
ownership tax revenue has been estimated at 10%of the property taxes collected.
5. District Operations: Regional The Regional District's operations and maintenance costs
are set at 2 mills equivalent per year and grow to$546,281 per year by 2026.
6. Debt Structure: This plan demonstrates the Regional District's ability to support $38
million in Revenue Bonds supported by an 8 mill Intergovernmental Agreement with five
bond issues, raising a total of $36.5 million in proceeds net of issuance costs and
capitalized interest. These bond issues will be non-rated with an estimated annual
interest rate of 7.0%based on historical averages for similar bond issues.
7. Underwriter's Certification: This is to certify that the firm of Kirkpatrick Pettis, a
division of D A Davidson, Fixed Income Capital Markets, is listed in the most recent
"Bond Buyer's Municipal Marketplace"as a Dealer/Underwriter,in Denver, Colorado.
TRB 1/12/06
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SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
ServIce Plan Version
Dated Date 12/01/2008
Delivery Date 12/01/2008
Sources:
Bond Proceeds:
Par Amount 37,500,000.00
37,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,375,000.00
Delivery Date Expenses:
Global COI 1,125,000.00
37,500,000.00
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL
(Pioneer MD 05:CSEP3005-M0BSP40C) Page 1
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2008
06/01/2009 1,406,250.00 1,406,250.00
12/01/2009 735,000 7.500% 1,406,250.00 2,141,250.00 3,547,500
06/01/2010 1,378,687.50 1,378,687.50
12/01/2010 1,085,000 7.500% 1,378,687.50 2,463,687.50 3,842,375
06/01/2011 1,338,000.00 1,338,000.00
•- 12/01/2011 1,600,000 7.500% 1,338,000.00 2,938,000.00 4,276,000
06/01/2012 1,278,000.00 1,278,000.00
12/01/2012 2,175,000 7.500% 1,278,000.00 3,453,000.00 4,731,000
06/01/2013 1,196,437.50 1,196,437.50
12/01/2013 1,196,437.50 1,196,437.50 2,392,875
06/01/2014 1,196,437.50 1,196,437.50
12/01/2014 1,196,437.50 1,196,437.50 2,392,875
06/01/2015 1,196,437.50 1,196,437.50
12/01/2015 1,196,437.50 1,196,437.50 2,392,875
06/01/2016 1,196,437.50 1,196,437.50
12/01/2016 1,196,437.50 1,196,437.50 2,392,875
06/01/2017 1,196,437.50 1,196,437.50
12/01/2017 1,196,437.50 1,196,437.50 2,392,875
06/01/2018 1,196,437.50 1,196,437.50
12/01/2018 75,000 7.500% 1,196,437.50 1,271,437.50 2,467,875
06/01/2019 1,193,625.00 1,193,625.00
12/01/2019 80,000 7.500% 1,193,625.00 1,273,625.00 2,467,250
06/01/2020 1,190,625.00 1,190,625.00
12/01/2020 230,000 7.500% 1,190,625.00 1,420,625.00 2,611,250
06/01/2021 - 1,182,000.00 1,182,000.00
12/01/2021 250,000 7,500% 1,182,000.00 1,432,000.00 2,614,000
06/01/2022 1,172,625.00 1,172,625.00
12/01/2022 425,000 7.500% 1,172,625.00 1,597,625.00 2,770,250
06/01/2023 1,156,687,50 1,156,687.50
12/01/2023 455,000 7.500% 1,156,687.50 1,611,687.50 2,768,375
06/01/2024 1,139,625.00 1,139,625.00
12/01/2024 655,000 7.500% 1,139,625.00 1,794,625.00 2,934,250
06/01/2025 1,115,062.50 1,115,062.50
12/01/2025 705,000 7.500% 1,115,062.50 1,820,062.50 2,935,125
06/01/2026 1,088,625.00 1,088,625.00
12/01/2026 935,000 7.500% 1,088,625.00 2,023,625.00 3,112,250
06/01/2027 1,053,562.50 1,053,562.50
12/01/2027 1,005,000 7,500% 1,053,562.50 2,058,562.50 3,112,125
06101/2028 1,015,875.00 1,015,875.00
12/01/2028 1,265,000 7.500% 1,015,875.00 2,280,875.00 3,296,750
06/01/2029 968,437.50 968,437.50
12/01/2029 1,360,000 7.500% 968,437.50 2,328,437.50 3,296,875
06/01/2030 917,437.50 917,437.50
12/01/2030 1,660,000 7.500% 917,437.50 2,577,437.50 3,494,875
06/01/2031 855,187.50 855,187.50
12/01/2031 1,785,000 7.500% 855,187.50 2,640,187.50 3,495,375
06/01/2032 788,250.00 788,250.00
12/01/2032 2,130,000 7.500% 788,250.00 2,918,250.00 3,706,500
06/01/2033 708,375.00 708,375.00
12/01/2033 2,290,000 7.500% 708,375.00 2,998,375.00 3,706,750
06/01/2034 622,500.00 622,500.00
12/01/2034 2,685,000 7.500% 622,500.00 3,307,500.00 3,930,000
06/01/2035 521,812.50 521,812.50
12/01/2035 2,885,000 7.500% 521,812.50 3,406,812.50 3,928,625
08/01/2036 413,625.00 413,625.00
12/01/2036 3,335,000 7.500% 413,625.00 3,748,625.00 4,162,250
06101/2037 288,562.50 288,562.50
12/01/2037 3,590,000 7.500% 288,562.50 3,878,562.50 4,167,125
_ 06/01/2038 153,937.50 153,937.50
12/01/2038 4,105,000 7.500% 153,937.50 4,258,937.50 4,412,875
37,500,000 60,252,000.00 97,752,000.00 97,752,000
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M08SP40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2012
Delivery Date 12/01/2012
Sources:
Bond Proceeds:
Par Amount 35,100,000.00
35,100,000.00
Uses:
Project Fund Deposits:
Construction Fund 34,047,000.00
Delivery Date Expenses:
Global COI 1,053,000.00
35,100,000.00
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 1
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/012012
06/01/2013 1,316,250.00 1,316,250.00
12/01/2013 200,000 7.500% 1,316,250.00 1,516,250.00 2,832,500
06/01/2014 1,308,750.00 1,308,750.00 •
12/01/2014 300,000 7.500% 1,308,750.00 1,608,750.00 2,917,500
06/01/2015 1,297,500.00 1,297,500.00
•- 12/01/2015 1,297,500.00 1,297,500.00 2,595,000
06/01/2016 ' 1,297,500.00 1,297,500.00
12/01/2016 1,297,500.00 1,297,500.00 2,595,000
06/01/2017 1,297,500.00 1,297,500.00
12101/2017 1,297,500.00 1,297,500.00 2,595,000
06101/2018 1,297,500.00 1,297,500.00
•
12/01/2018 1,297,500.00 1,297,500.00 2,595,000
06/01/2019 1,297,500.00 1,297,500.00
12/01/2019 1,297,500.00 1,297,500.00 2,595,000
06/01/2020 1,297,500.00 1,297,500.00
12/01/2020 1,297,500.00 1,297,500.00 2,595,000
_
06/01/2021 1,297,500.00 1,297,500.00
12101/2021 1,297,500.00 1,297,500.00 2,595,000
06/01/2022 1,297,500.00 1,297,500.00
12/01/2022 1,297,500.00 1,297,500.00 2,595,000
06/01/2023 1,297,500.00 1,297,500.00
12/01/2023 1,297,500.00 1,297,500.00 2,595,000
06/01/2024 1,297,500.00 1,297,500.00
12/01/2024 1,297,500.00 1,297,500.00 2,595,000
06/01/2025 1,297,500.00 1,297,500.00
12101/2025 1,297,500.00 1,297,500.00 2,595,000
06/01/2026 1,297,500.00 1,297,500.00
12/012026 1,297,500.00 1,297,500.00 2,595,000
06/01/2027 1,297,500.00 1,297,500.00
12J01/2027 1,297,500.00 1,297,500.00 2,595,000
06/01/2028 1,297,500.00 1,297,500.00
12/01/2028 65,000 7.500% 1,297,500.00 1,362,500.00 2,660,000
06/01/2029 1,295,062.50 1,295,062.50
12/01/2029 70,000 7.500% 1,295,062.50 1,365,062.50 2,660,125
06/01/2030 1,292,437.50 1,292,437.50 •
12/01/2030 235,000 7.500% 1,292,437.50 1,527,437.50 2.819,875 •
06/01/2031 1,283,625.00 1,283,625.00
12101/2031 255,000 7.500% 1,283,625.00 1,538,625.00 2,822,250
06/01/2032 1,274,062.50 1274,062.50
12/01/2032 440,000 7.500% 1,274,062.50 1,714,062.50 2,988,125
06/012033 1,257,582.50 1,257,562.50
12/01/2033 475,000 7.500% 1,257,562.50 1,732,562.50 2,990,125
.- 06/01/2034 1,239,750.00 1,239,750.00
12101/2034 690,000 7.500% 1,239,750.00 1,929,750.00 3,169,500
06/01/2035 1,213,875.00 1,213,875.00
12/01/2035 740,000 7.500% 1,213,875.00 1,953,875.00 3,167,750
06/01/2036 1,186,125.00 1,186,125.00
12/01/2036 990,000 7.500% 1,186,125.00 2,176,125.00 3,362,250
06/012037 1,149,000.00 1,149,000.00
12101/2037 1,055,000 7.500% 1,149,000.00 2,204,000.00 3,353,000
06/01/2038 1,109,437.50 1,109,437.50
12/01/2038 1,340,000 7.500% 1,109,437,50 2,449,437.50 3,558,875
06/01/2039 1,059,187.50 1,059,187.50
12/01/2039 5,855,000 7.500% 1,059,187.50 6,914,187.50 7,973,375
06/01/2040 839,625.00 839,625.00 --
12/01/2040 6,775,000 7.500% 839,825.00 7,614,625.00 8,454,250
06/01/2041 585,562.50 585,562.50
12/01/2041 7,280,000 7.500% 585,562.50 7,865,562.50 8,451,125
._ 06/01/2042 312,562.50 312,562.50
12/01/2042 8,335,000 7.500% 312,562.50 8,647,562.50 8,960,125
35,100,000 71,775,750.00 106,875,750.00 106,875,750
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2016
Delivery Date 12/0112016
Sources:
Bond Proceeds:
Par Amount 38,000,000.00
38,000,000.00
Uses: -
Project Fund Deposits:
Construction Fund 36,860,000.00
Delivery Date Expenses:
Global COI 1,140,000.00
38,004000.00
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-a (Pioneer MD 05:CSEP3005-M16SP40C) Page 1
BOND DEBT SERVICE
•
_ PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2016
'- 06/01/2017 1,425,000 1,425,000
12/01/2017 500,000 7.500% 1.425,000 1,925,000 3,350,000
06/012018 1,406,250 1,406,250
12/01/2018 600,000 7.500% 1,406,250 2,006,250 3,412,500
06/01/2019 1,383,750 1.383,750
12/01/2019 1,383,750 1,383,750 2,767,500
06/01/2020 1,383,750 1.383,750
12/01/2020 1,383,750 1,383,750 2,767,500
06/01/2021 1,383,750 1,383,750
12/01/2021 1,383,750 1,383,750 2,767,500
06/01/2022 1,383,750 1,383,750
12101/2022 1.383,750 .1,383,750 2,767,500
06/01/2023 1,383,750 1,383,750
12101/2023 1,383,750 1,383,750 2,767,500
06/01/2024 1,383,750 1,383,750
12/01/2024 1,383,750 1,383,750 2,767,500
06/01/2025 1,383,750 1,383,750
12/01/2025 1,383,750 1,383,750 2,767,500
06/01/2026 1,383,750 1,383,750
12/01/2026 1,383,750 1,383,750 2,767,500
06/01/2027 1,383,750 1,383,750
12/01/2027 1,383,750 1,383,750 2,767,500
06/01/2028 1,383,750 1,383,750
12/01/2028 1,383,750 1,383,750 2,767,500
06/01/2029 1,383,750 1,383,750
12/012029 1,383,750 1,383,750 2,767,500
06/01/2030 1,383,750 1,383,750
12/01/2030 1,383,750 1,383,750 2,767,500
06/012031 1,383,750 1,383,750
12/01/2031 1,383,750 1,383,750 2,767,500
06/01/2032 1,383,750 1,383,750
12/012032 1,383,750 1,383,750 2,767,500
06/01/2033 1,383,750 1,383,750
12/01/2033 1,383,750 1,383,750 2,767,500
06/01/2034 1,383,750 1,383,750
12/012034 1,383,750 1,383,750 2,767,500
06/01/2035 1,383,750 1,383,750
12/01/2035 1,383,750 1,383,750 2,767,500
06/01/2036 _1,383,750 1,383,750
12/01/2036 1,383,750 1,383,750 2,767,500
06/01/2037 1,383,750 1,383,750
12/012037 1,383,750 1,383,750 2,767,500
06/01/2038 1,383,750 1,383,750
12/01/2038 1,383,750 1,383,750 2,767,500
08/01/2039 1,383,750 1,383,750
12/01/2039 1,383,750 1,383,750 2,767,500
06/01/2040 1,383,750 1,383,750
12/01/2040 1,383,750 1,383,750 2,767,500
-
06/01/2041 1,383,750 1,383,750
12/012041 1,383,750 1,383,750 2,767.500
06/01/2042 1,383,750 1,383,750
12/01/2042 1,383,750 1,383,750 2,767,500
08/01/2043 1,383,750 1,383,750
12/012043 7,650,000 7.500% 1,383,750 9,033,750 10,417,500
06/01/2044 1,096,875 1,096,875
12/01/2044 8,850,000 7.500% 1,096,875 9,946,875 11,043,750
06/01/2045 765,000 765,000
12/01/2045 9,510,000 7.500% 765,000 10,275,000 11,040,000
06/012046 408,375 408,375
12/01/2046 10,890,000 7.500% 408,375 11,298,375 11,706,750
38,000,000 79,390,500 117,390,500 117,390,500
Jan 3,2006 4:46 pro Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-d165P40C) Page 2
SOURCES AND USES OF FUNDS •
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2020
Delivery Date 12/01/2020
Sources:
Bond Proceeds:
Par Amount 41,000,000.00
- 41,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 39,770,000.00
Delivery Date Expenses:
Global COI 1,230,000.00
41,000,000.00
•
•
•
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 1
• BOND DEBT SERVICE
,
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
— 12/01/2020
06/01/2021 1,537,500.00 1,537,500.00
12/01/2021 1,537,500.00 1,537,500.00 3,075,000
06/01/2022 1,537,500.00 1,537,500.00
- 12/01/2022 1,537,500.00 1,537,500.00 3,075,000
06/01/2023 1,537,500.00 1,537,500.00
12/01/2023 1,537,500.00 1,537,500.00 3,075,000
06/01/2024 1,537,500.00 1,537,500.00
12/01/2024 1;537,500.00 1,537,500.00 3,075,000
" 06/01/2025 1537,500.00 1,537,500.00
12/01/2025 1,537,500.00 1,537,500.00 3,075,000
06/01/2026 1,537,500.00 1,537,500.00
12/01/2026 1,537,500.00 1,537,500.00 3,075,000
06/01/2027 1,537,500:00 1,537,500.00
12/01/2027 1,537,500.00 1,537,500.00 3,075,000
06/01/2028 1,537,500.00 1,537,500.00
12/01/2028 1,537,500.00 1,537,500.00 3,075,000
06/01/2029 1,537,500.00 1,537,500.00
12/01/2029 1,537,500.00 1,537,500.00 3,075,000
06/01/2030 1,537,500.00 1,537,500.00 .
12/01/2030 1,537,500.00 1,537,500.00 3,075,000
06/01/2031 1,537,500.00 1,537,500.00
12/01/2031 1,537,500.00 1,537,500.00 3,075,000
- 06/01/2032 1,537,500.00 1,537,500.00
• 12/01/2032 1,537,500.00 1,537,500.00 3,075,000
06/012033 1,537,500.00 1,537,500.00
12/01/2033 1,537,500.00 1,537,500.00 3,075,000
06/01/2034 1,537,500.00 1,537,500.00
- 12/01/2034 1,537,500.00 1,537,500.00 3,075,000
06/01/2035 1,537,500.00 1,537,500.00
12/01/2035 1,537,500.00 1,537,500.00 3,075,000 -
06/01/2036 1,537,500.00 1,537,500.00
._ 12/01/2036 1,537,500.00 1,537,500.00 3,075,000
06/01/2037 1,537,500.00 1,537,500.00
12/01/2037 1,537,500.00 1,537,500.00 3,075,000
06/01/2038 1,537,500.00 1,537,500.00
12/01/2038 1,537,500.00 1,537,500.00 3,075,000
06/01/2039 1,537,500.00 1,537,500.00
12/01/2039 1,537,500.00 1,537,500.00 3,075,000
06/01/2040 1,537,500.00 1,537,500.00
12/01/2040 35,000 7.500% 1,537,500.00 1,572,500.00 3,110,000
06/01/2041 1,536,187.50 1,536,187.50
'- 12/01/2041 40,000 7.500% 1,536,187.50 1,576,187.50 3,112,375
06/01/2042 1,534,687.50 1,534,687.50
12/01/2042 395,000 7.500% 1,534,687.50 1,929,687.50 3,464,375
06/01/2043 1,519,875.00 1,519,875.00
- 12/01/2043 1,735,000 7.500% 1,519,875.00 3,254,875.00 4,774,750
06/01/2044 1,454,812.50 1,454,812.50
12/01/2044 2,150,000 7.500% 1,454,812.50 3,604,812.50 5,059,625
06/01/2045 1,374,187.50 1,374,187.50
12/01/2045 2,315,000 7.500% 1,374,187.50 3,689,187.50 5,063,375
._ 06/01/2046 1,287,375.00 1,287,375.00
12/01/2046 2,790,000 7.500% 1,287,375.00 4,077,375.00 5,364,750
06/01/2047 1,182,750.00 1,182,750.00
12/012047 14,705,000 7.500% 1,182,750.00 15,887,750.00 17,070,500
06/01/2048 - 631,312.50 . 631,312.50
'- 12/01/2048 16,835,000 7.500% 631,312.50 17,466,312.50 18,097,625
41,000,000 82,542,375.00 123,542,375.00 123,542,375
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1.6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
.-. Dated Date 12/01/2024
Delivery Date 12/01/2024
Sources: •
Bond Proceeds:
Par Amount 30,400,000.00
30,400,000.00
Uses:
Project Fund Deposits:
Construction Fund 29,488,000.00
Delivery Date Expenses:
Global COI 912,000.00
30,400,000.00
Jan 3,2006 4:48 pm Prepared by Klrkpalddc Pettis Quantitative Group-EL (Pioneer MD 05:CSEP300S-M24SP40C) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2024
06/01/2025 1,140,000.00 1,140,000.00
12/01/2025 1,140,000.00 1,140,000.00 2,280,000
06/01/2026 1,140,000.00 1,140,000.00
12/01/2026 1,140,000.00 1,140,000.00 2,280,000
06/01/2027 1,140,000.00 1,140,000.00
12/01/2027 1,140,000.00 1,140,000.00 2,280,000
06/01/2028 1,140,000.00 1,140,000.00
12101/2028 1,140,000.00 1,140,000.00 2,280,000
-
06/01/2029 1,140,000.00 1,140,000.00
12/01/2029 1,140,000.00 1,140,000.00 2,280,000
06/01/2030 1,140,000.00 1,140,000.00
12/01/2030 1,140,000.00 1,140,000.00 2,280,000
06/0112031 1,140,000.00 1,140,000.00
12/01/2031 1,140,000.00 1,140,000.00 2,280,000
06/01/2032 1,140,000.00 1,140,000.00
12/01/2032 1,140,000.00 1,140,000.00 2,280,000
06/01/2033 1,140,000.00 1,140,000.00
12/01/2033 1,140,000.00 1,140,000.00 2,280,000
06/01/2034 1,140,000.00 1,140,000.00
12/01/2034 35,000 7.500% 1,140,000.00 1,175,000.00 2,315,000
06/01/2035 1,138,687.50 1,138,687.50
12/01/2035 40,000 7.500% 1,138,687.50 1,178,687.50 2,317,375
06/01/2036 1,137,187.50 1,137,187.50
12/01/2036 530,000 7.500% 1,137,187.50 1,667,187.50 2,804,375
06/01/2037 1,117,312.50 1,117,312.50
12/01/2037 575,000 7.500% 1,117,312.50 1,692,312.50 2,809,625
06/01/2038 1,095,750.00 1,095,750.00
'- 12/01/2038 1,135,000 7.500% 1,095,750.00 2,230,750.00 3,326,500
06/01/2039 1,053,187.50 1,053,187.50
12/01/2039 1;220,000 • 7.500% 1,053,187.50 2,273,187.50 3,326,375
06/01/2040 1,007,437.50 1,007,437.50
12/01/2040 1,825,000 7.500% 1,007,437.50 2,832,437.50 3,839,875
_
06/01/2041 939,000.00 939,000.00
12/01/2041 1,960,000 7.500% 939,000.00 2,899,000.00 3,838,000
06/01/2042 865,500.00 865,500.00
12/01/2042 2,340,000 7.500% 865,500.00 3,205.500.00 4,071,000
.- 06/01/2043 777,750.00 777,750.00
12/01/2043 2,515,000 7.500% 777,750.00 3,292.750.00 4,070,500
06/01/2044 683,437.50 683,437.50 12/01/2044 2,945,000 7.500% 683,437.50 3,628,437.50 4,311,875
06/0112045 573,000.00 573,000.00
12/01/2045 3,170,000 7.500% 573,000.00 3,743,000.00 4,316,000
06/01/2046 454,125.00 454,125.00
12101/2046 3,665,000 7.500% 454,125.00 4,119,125.00 4,573,250
06/01/2047 316,687.50 316,687.50
12/01/2047 3,940,000 7.500% 316,687.50 4,256,687.50 4,573,375
06/01/2048 168,937.50 168,937.50
12/01/2048 4,505,000 7.500% 168,937.50 4,673,937.50 4,842,875
30,400,000 45,456,000.00 75,856,000.00 75,856,000
Jan 3,2006 4:48.pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 2
Statement of Significant Assumptions
Pioneer Metropolitan Districts#1-6
Prepared by Kirkpatrick Pettis
1. Financing Districts: Districts #1-6 boundaries will be established as growth occurs for
Financing Districts to issue debt, provide operations/maintenance and levy a tax for
transfer to the Regional District. This financing plan demonstrates the feasibility of the
combined Districts#1-6.
2. Development Projections: The single-family residential development schedule includes
9,500 single-family units and 500 multi-family units.These two categories have assumed
market values of$225,000/unit, and $130,000/unit. These market values are inflated at
3%/year through buildout to reflect the Weld County policy maximum. The single-
_ family residential absorption begins with the first completed home in 2008 and continues
through 2026. The multi-family units will be completed in 2027.
3. Assessed Valuation: The Districts' assessed value is shown in the year of tax collection,
which lags 2 years from the year of construction. The assessed value for residential
property is 7.96% of the market value, which is the residential assessment ratio effective
next year as determined in accordance with the Gallagher Amendment. At buildout,
collected in 2028, the Districts' expected assessed value will be $296.4 million. This
plan also assumes biennial reassessment of 6% after buildout to reflect the Weld County
policy maximum.
4. District Revenues: The Districts expect to levy 40 mills for debt service and an
operating mill levy of 10 mills. The Districts expect to collect cumulative fees of
•— $5,000/SFD unit to include storm sewer, traffic and parks fees, $3,333/MFD unit and
facility fees of$1,500/SFD unit, $1,000/MFD unit. The Districts will also collect interest
income on the cumulative surplus estimated at 3%. The specific ownership tax revenue
has been estimated at 10%of the property taxes collected. The Districts will additionally
levy up to ten mills for regional services that will be transferred by an Intergovernmental
Agreement to the Pioneer Regional Metro District.
5. District Operations: $300,000 inflated at 3% per year is allocated for the Districts'
administrative costs. The Districts' operations and maintenance costs grow to $1.5
million per year by 2026. Developer advances initially cover the Districts' operating
costs until the Districts begin collecting sufficient revenues.
6. Debt Structure: This plan demonstrates the Districts' ability to support $182 million in
- General Obligation debt in five bond issues, raising a total of$176.5 million in proceeds
net of issuance costs and capitalized interest. These bond issues will be non-rated with an
estimated annual interest rate of 7.5% based on historical averages for similar bond
- issues.
7. Underwriter's Certification: This is to certify that the firm of Kirkpatrick Pettis, a
division of D A Davidson, Fixed Income Capital Markets, is listed in the most recent
"Bond Buyer's Municipal Marketplace"as a Dealer/Underwriter,in Denver,Colorado.
TRB 1-12-06
S 2
F 1
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SOURCES AND USES OF FUNDS
•- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2008
Delivery Date 12/01/2008
•-- Sources:
Bond Proceeds:
Par Amount 37,500,000.00
37,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,375,000.00
Delivery Date Expenses:
Global COI 1,125,000.00
37,500,000.00
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL - (Pioneer MD 05:CSEP3005-M08SP40C) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
.._
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
-- Annual
Period Debt
Ending Principal Coupon interest Debt Service Service
12/01/2008
-- 06/01/2009 1,406,250.00 1,406,250.00 •
12/0172009 735,000 7.500% 1,406,250.00 2,141,250.00 3,547,500
06/01/2010 1,378,687.50 1,378,687.50
12/01/2010 1,085,000 7.500% 1,378,687.50 2,463,687.50 3,842,375
06/01/2011 1,338,000.00 1,338,000.00
12/01/2011 1,600,000 7.500% 1,338,000.00 2,938,000.00 4,276,000
06/01/2012 1,278,000.00 1,278,000.00
12/01/2012 2,175,000 7.500% 1,278,000.00 3,453,000.00 4,731,000
06/01/2013 1,196,437.50 1,196,437.50
12/01/2013 1,196,437.50 1,196,437.50 2,392,875
06/01/2014 1,196,437.50 1,196,437.50
12/01/2014 1,196,437.50 1,196,437.50 2,392,875
06/01/2015 1,198,437.50 1,196,437.50
12/01/2015 1,196,437.50 1,196,437.50 2,392,875
06/01/2018 1,196,437.50 1,196,437.50
12/01/2016 1,196,437.50 1,196,437.50 2,392,875
06/01/2017 1,196,437.50 1,196,437.50
12/01/2017 1,196,437.50 1,196,437.50 2,392,875
06/01/2018 1,198,437.50 1,196,437.50
12/01/2018 75,000 7.500% 1,196,437.50 1,271,437.50 2,467,875
06/01/2019 1,193,625.00 1,193,625.00
_ 12/01/2019 80,000 7.500% 1,193,625.00 1,273,625.00 2,467250
06/01/2020 1,190,625.00 1,190,825.00
12/01/2020 230,000 7.500% 1,190,625.00 1,420,625.00 2,811,250
06/01/2021 1,182,000.00 1,182,000.00
12/01/2021 250,000 7.500% 1,182,000.00 1,432,000.00 2,614,000
06/01/2022 1,172,625.00 1,172,825.00
'_ 12/01/2022 425,000 7.500% 1,172,625.00 1,597,625.00 2,770,250
_
08/01/2023 1,158,687.50 1,158,687.50
12/01/2023 455,000 7.500% 1,158,687.50 1,611,887.50 2,768,375
06/01/2024 1,139,625.00 1,139,625.00
12/01/2024 655,000 7.500% 1,139,625.00 1,794,625.00 2,934,250
.- 06/01/2025 1,115,082.50 1,115,062.50
12/01/2025 705,000 7.500% 1,115,062.50 1,820,062.50 2,935,125
06/01/2026 1,088,625.00 1,088,625.00
12/01/2026 935,000 7.500% 1,088,625.00 2,023,625.00 3,112,250 •
06/01/2027 1,053,562.50 1,053,562.50
_ 12/01/2027 1,005,000 7.500% 1,053,562.50 2,058,562.50 3,112,125
06/01/2028 1,015,875.00 1,015,875.00
12/01/2028 1,265,000 7.500% 1,015,875.00 2,280,875.00 3,296,750
06/01/2029 . 968,437.50 968,437.50
12/01/2029 -. 1,360,000 7.500% 968,437.50 2,328,437.50 3,296,875
06/01/2030 917,437.50 917437.50
12/01/2030 1,660,000 7.500% 917,437.50 2,577,437.50 3,494,875
06/01/2031 855,187.50 855,187.50.
12/01/2031 1,785,000 7.500% 855,187.50 2,640,187.50 3,495,375
06/01/2032 788,250.00 788,250.00
12/01/2032 2,130,000 7.500% 788,250.00 2,918,250.00 3,706,500
-- 06/01/2033 708,375.00 708,375.00
12/01/2033 2,290,000 7.500% 708,375.00 2,998,375.00 3,706,750
06/01/2034 822,500.00 622,500.00
12/01/2034 2,685,000 7.500% 622,500.00 3,307,500.00 3,930,000
06/01/2035 521,812.50 521,812.50
12/01/2035 2,885,000 7.500% 521,812.50 3,406,812.50 3,928,625
08/01/2036 413,625.00 413,625.00
12/01/2036 3,335,000 7.500% 413,625.00 3,748,625.00 4.162,250
06/01/2037 288,562.50 288,562.50
12/01/2037 3,590,000 7.500% 288,562.50 3,878,562.50 4,167,125
06t01/2038 153,937.50 153,937.50
12/01/2038 4,105,000 7.500% 153,937.50 4,258,937.50 4,412,875
37,500,000 60,252,000.00 97,752,000.00 97,752,000
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M085P40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOUTAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity - _..
Service Plan Version
Dated Date 12/01/2012
Delivery Date 12/012012
--- Sources:
Bond Proceeds:
Par Amount 35,100,000.00
35,100,000.00
Uses:
Project Fund Deposits:
Construction Fund 34,047,000.00
Delivery Date Expenses:
Global COI 1,053,000.00
35,100,000.00
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL . (Pioneer MO 05:CSEP3005-M12SP40C) Page 1
BOND DEBT SERVICE
•
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version
-- Annual
Period - Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2012
- 06/012013 1,318,250.00 1,316,250.00
12/01/2013 200000 7.500% 1,316,250.00 1,516,250.00 2,832,500
06/01/2014 - 1,308,750.00 1,308,750.00
12/01/2014 300,000 7.500% 1,308,750.00 1,608,750.00 2,917,500
06/012015 1,297,500.00 1,297,500.00
12/01/2015 1,297,500.00 1,297,500.00 2,595,000
06/01/2016 1,297,500.00 1,297,500.00
12/01/2016 1,297,500.00 1,297,500.00 2,595,000
06/01/2017 1,297,500.00 1,297,500.00
12/01/2017 1,297,500.00 1,297,500.00 2,595,000
06/01/2018 1,297,500.00 1,297,500.00
- 12/01/2018 1,297,500.00 1,297,500.00 2,595,000
06/01/2019 1,297,500.00 1,297,500.00
12/01/2019 1,297,500.00 1,297,500.00 2,595,000
06/01/2020 1,297,500.00 1,297,500.00
12/01/2020 1,297,500.00 1,297,500.00 2,595,000.
-- 96/01/2021 1,297,500.00 1,297,500.00
12101/2021 1,297,500.00 1,297,500.00 2,595,000
06/01/2022 1,297,500.00 1,297,500.00
12/01/2022 1,297,500.00 1,297,500.00 2,595,000
06/01/2023 1,297,500.00 1,297,500.00
._ 12/01/2023 1,297,500.00 1,297,500.00 2,595,000
06101/2024 1,297,500.00 1297,500.00
12101/2024 1,297,500.00 1,297,500.00 2,595,000
06/01/2025 1,297,500.00 1,297,500.00
12/012025 1,297,500.00 1,297,500.00 2,595,000
06/01/2026 1,297,500.00 1,297,500.00
12/01/2026 1,297,500.00 1,297,500.00 2,595,000
06101/2027 1,297,500.00 1,297,500.00
12/01/2027 1,297,500.00 1,297,500.00 2,595,000
06/01/2028 1,297,500.00 1,297,500.00
12/012028 65,000 7.500% 1,297,500.00 1,362,500.00 2,660,000
•- 06/01/2029 1,295,062.50 1,295,062.50
12/01/2029 70,000 7.500% 1,295,062.50 1,365,062.50 2,660,125
06/01/2030 1,292,437.50 1,292,437.50
12/01/2030 235,000 7.500% 1,292,437.50 1,527,43750 2,819,875
06/01/2031 1,283,625.00 1283,625.00
12/0112031 255,000 7.500% 1,283,625.00 1,538,925.00 2,822,250
-06/012032 1,274,062.50 1,274,062.50
12/01/2032 440,000 7.500% 1,274,062.50 1,714,062.50 2,988,125
06/01/2033 1257,562.50 1,257,562.50
12/01/2033 475,000 7.500% 1,257,562.50 1,732,562.50 2,990,125
06/01/2034 1,239,750.00 1,239,750.00
12/01/2034 690.000 7.500% 1,239,750.00 1,929,750.00 3,169,500
06/01/2035 1,213,875.00 1,213,875.00
12/01/2035 740,000 7.500% 1,213,875.00 1,953,875.00 3,167,750
06/01/2036 1,186,125,00 1,186,125.00
12101/2036 990,000 7.500% 1,186,125.00 2,176,125.00 3,362,250
06/01/2037 1,149,000.00 1,149,000.00
12/01/2037 1,055,000 7.500% 1,149,000.00 2,204,000.00 3,353,000
06/01/2038 1,109,437.50 1,109,437.50
12/01/2038 1,340,000 7.500% 1,109,437.50 2,449,437.50 3,558,875
06/01/2039 - 1,059,187.50 1,059,187.50
_, 12/01/2039 5,855,000 7.500% 1,059,187.50 6,914,187.50 7,973,375
06/01/2040 839,825.00 839,625.00
12/01/2040 6,775,000 7.500% 839,625.00 7,614,625.00 8,454,250
06/01/2041 585,562.50 585,562.50
12/01/2041 7,280,000 7.500% 585,562.50 7,865,562.50 8,451,125
06/01/2042 312,562.50 312,562.50
12/01/2042 8,335,000 7.500% 312,562.50 8,647,582.50 8,960,125
35,100,000 71,775,750.00 108,875,750.00 106,875,750
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2016
Delivery Date 12/01/2016
-- Sources:
Bond Proceeds:
Par Amount 38,000,000.00
` 38,000,000.00
Uses:
• Project Fund Deposits:
Construction Fund 36,860,000.00
Delivery Date Expenses:
•— • Global COI 1,140,000.00
38,000,000.00
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP300SM16SP40C) Page 1
BOND DEBT SERVICE
_ PIONEER METROPOLITAN DISTRICTS#1-6
_
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/012016
-_ 061012017 1,425,000 1,425,000
12/012017 500,000 7.500% 1,425,000 1,925,000 3,350,000
06/01/2018 1,406,250 1,406,250
12101/2018 600,000 7.500% 1,406,250 2,006,250 3,412,500
06/012019 1,383,750 1,383,750
_ 12/012019 - 1,383,750 1,383,750 2,767,500
06/01/2020 1,383,750 1,383,750
12/012020 1,383,750 1,383,750 2,767,500
06/01/2021 1.383,750 1,383,750
12/01/2021 1,383,750 1,383,750 2,767,500
06/01/2022 1,383,750 1,383,750
'- - 12/012022 1,383,750 1,383,750 2,767,500
06101/2023 1,383,750 1,383,750
12/01/2023 1,383,750 1.383,750. 2,767,500
06/01/2024 1,383,750 1,383,750
12/01/2024 1,383,750 1,383,750 2,767,500
-- 06/01/2025 1.383,750 1,383,750
12101/2025 1,383,750 1,383,750 2,767,500
06/01/2026 1,383,750 1,383,750
12/01/2026 1,383,750 1,383,750 2,767,500
06/01/2027 1,383,750 1,383,750
12101/2027 1,383,750 1,383,750 2,767,500
06/01/2028 1,383,750 1,383,750
12/01/2028 1,383,750 1,383,750 2,767,500
06/01/2029 1,383,750 1,383,750
12/01/2029 1,383,750 1,383,750 2,767,500
06/01/2030 1,383,750 1,383,750
12101/2030 1,383,750 1,383,750 2,767,500
08/012031 1,383,750 1,383,750
12/01/2031 1,383,750 1,383,750 2,767,500
06/01/2032 1,383,750 1,383,750
12/01/2032 1,383,750 1,383,750 2,767.500
.- 06/01/2033 1,383,750 1,383,750
12/012033 1,383,750 1,383,750 2,767,500
06/01/2034 - 1,383,750 1,383,750
12/01/2034 1,383,750 1,383,750 2,767,500
06/01/2035 1,383,750 1,383,750
121012035 1,383,750 1,383,750 2,767,500
_
06/01/2036 1,383,750 1,383,750
12/01/2036 1,383,750 1,383,750 2,767,500
06/01/2037 1,383.750 1,383,750
12/01/2037 1,383,750 1,383,750 2,767,500
06/01/2038 1,383,750 1,383,750
12/01/2038 1,383,750 1,383,750 2,767,500
06/01/2039 1,383,750 1,383,750
12/01/2039 1,383,750 1,383,750 2,767,500
06/01/2040 1,383,750 1,383,750
12/012040 1,383,750 1,383,750 2,767,500
06/01/2041 1,383,750 1,383,750
12/01f2041 1,383,750 1,383,750 2,767,500
06/01/2042 1,383,750 1,383,750
12101/2042 1,383,750 1,383,750 2,767,500
06/01/2043 1,383,750 1,383,750
12/01/2043 7,650,000 7.500% 1,383,750 9,033,750 10,417,500
06/01/2044 1,096,875 1,096,875
12/01/2044 8,850,000 7.500% 1,096,875 9,946,875 11,043,750
06/01/2045 765,000 765,000
12/01/2045 9,510,000 7.500% 765,000 10,275,000 11,040,000
06/01/2046 406,375 408,375
12/01/2046 10,890,000 7.500% 408,375 11,298,375 11.706,750
38,000,000 79,390,500 117,390,500 117,390,500
Jan 3,2006 4:46 pa, Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M168P40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
• Dated Date 12/01/2020
Delivery Date 12/01/2020
Sources: •
Bond Proceeds:
Par Amount 41,000,000.00
41,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 39,770,000.00
Delivery Date Expenses:
Global COI 1,230,000.00
41,000,000.00
Jan 3,2006 4:47 pm Prepared by Kirkpatrkk Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M2OSP40C) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon interest Debt Service Service
•
— 12/012020
06/01/2021 1,537,500.00 1,537,500.00
12/01/2021 1,537,500.00 1,537,500.00 3,075,000
06101/2022- 1,537,500.00 1,537,500.00 1,537,500.00
121012022 1,537,500.00 1,537,500.00 3,075,000
__
06/01/2023 1,537,500.00 1,537,500.00
12/01/2023 1,537,500.00 1,537,500.00 3,075,000
06/0112024 1,537,500.00 1,537,500.00
12/012024 1,537,500.00 1,537,500.00 3,075,000
._ 06/01/2025 1,537,500.00 1,537,500.00
12/01/2025 1,537,500.00 1,537,500.00 3,075,000
06/01/2026 1,537,500.00 1,537,500.00
12/01/2026 1,537,500.00 1,537,500.00 3,075,000
06/0112027 1,537,500.00 1,537,500.00
- 12/01/2027 1,537,500.00 1,537,500.00 3,075,000
06/01/2028 1,537,500.00 1,537,500.00
12/01/2028 1,537,500.00 1,537,500.00 3,075,000
06/01/2029 1,537,500.00 1,537,500.00
12/01/2029 1,537,500.00 1,537,500.00 3,075,000
- 06/01/2030 1,537,500.00 1,537,500.00
12/01/2030 1,537,500.00 1,537,500.00 3,075,000
06/01/2031 1,537,500.00 1,537,500.00
12/01/2031 1,537,500.00 1,537,500.00 3,075,000
- 06101/2032 1,537,500.00 1,537,500.00
12/01/2032 1,537,500.00 1,537,500.00 3,075,000
06/01/2033 1,537,500.00 1,537,500.00
12/01/2033 1,537,500.00 1,537,500.00 3,075,000
06/01/2034 1,537,500.00 1,537,500.00
•- 12/01/2034 1,537,500.00 1,537,500.00 3,075,000
06/01/2035 1,537,500.00 1,537,500.00
12/01/2035 1,537,500.00 1,537,500.00 3,075,000
06/01/2036 1,537,500.00 - 1,537,500.00
12/01/2036 1,537,500.00 1,537,500.00 3,075,000
'- 06/01/2037 1,537,500.00 1,537,500.00
12/01/2037 1,537,500.00 1,537,500.00 3,075,000
06/01/2038 1,537,500.00 1,537,500.00
12/01/2038 1,537,500.00 1,537,500.00 3,075,000
,_ 06/01/2039 1,537,500.00 1,537,500.00 12/01/2039 1,537,500.00 1,537,500.00 3,075,000
06/01/2040 • - 1,537,500.00 1,537,500.00
12/01/2040 35,000 7.500% 1,537,500.00 1,572,500.00 3,110,000
06/01/2041 1,536,187.50 1,536,187.50
.- 12101/2041 40,000 7.500% 1,536,187.50 1.576.187.50 3,112,375
06/012042 1,534,687.50 1,534,687.50
12/01/2042 395,000 7.500% 1,534,687.50 1,929,687.50 3,464,375
06/01/2043 1,519,875.00 1,519,875.00
12/01/2043 1,735,000 7.500% 1,519,875.00 3,254,875.00 4,774,750
06/01/2044 1,454,812.50 1,454,812.50
12/01/2044 2,150,000 7.500% 1,454,812.50 3,604,812.50 5,059,625
06/01/2045 1,374,187.50 1,374,187.50
12/01/2045 2,315,000 7.500% 1,374,187.50 3,689,187.50 5,063,375
06/01/2046 1,287,375.00 1,287,375.00
_
12/01/2046 2,790,000 7.500% 1,287,375.00 4,077,375.00 5,364,750
06/01/2047 1,182,750.00 1,182,750.00
12/01/2047 14,705,000 7.500% 1,182,750.00 15,887,750.90 17,070,500
06/01/2048 631,312.50 631,312.50
.- 12/01/2048 16,835,000 7.500% 631,312.50 17,466,312.50 18,097,625
41,000,000 82,542,375.00 123,542,375.00 123,542,375
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M2OSP40C) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2024
Delivery Date 12/01/2024
Sources: •
Bond Proceeds:
Par Amount 30,400,000.00
"— 30,400,000.00
Uses:
Project Fund Deposits:
Construction Fund 29,488,000.00
Delivery Date Expenses:
Global COI 912,000.00
30,400,000.00
•
- Jan 3,2006 4:48 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 1
BOND DEBT SERVICE
•_ PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period - - Debt
Ending Principal Coupon Interest Debt Service Service
12/0112024
06/01/2025 1,140,000.00 1,140,000.00
12/01/2025 1,140,000.00 1,140,000.00 2,280,000
06101/2026 1,140,000.00 1,140,000.00
12/0112026 1,140,000.00 1,140,000.00 2,280,000
"- 06/01/2027 1,140,000.00 1,140,000.00
12/01/2027 1,140,000.00 1,140,000.00 2,280,000
06/01/2028 1,140,000.00 1,140,000.00
12/01/2028 1,140,000.00 1,140,000.00 2,280,000
06/01/2029 1,140,000.00 1,140,000.00
_
12/01/2029 1,140,000.00 1,140,000.00 2,280,000
06/01/2030 1,140,000.00 1,140,000.00
12/01/2030 1,140,000.00 1,140,000.00 2,280,000
06/01/2031 1,140,000.00 1,140,000.00
-- 12/01/2031 1,140,000.00 1,140,000.00 2,280,000
06/01/2032 1,140,000.00 1,140,000.00
12/01/2032 1,140,000.00 1,140,000.00 2,280,000
06/01/2033 1,140,000.00 1,140,000.00
12/01/2033 1,140,000.00 1,140,000.00 2,280,000
'- 06/01/2034 1,140,000.00 1,140,000.00
12/01/2034 35,000 7.500% 1,140,000.00 1,175,000.00 2,315,000
06/01/2035 1,138,687.50 1,138,687.50
12/01/2035 40,000 7.500% 1,138,687.50 1,178,687.50 2,317,375
06/01/2036 1,137,187.50 1,137,187.50
_
12/01/2036 530,000 7.500% 1,137,187.50 1,667,187.50 2,804,375
06/01/2037 1,117,312.50 1,117,312.50
12/01/2037 575,000 7.500% 1,117,312.50 1,692,312.50 2,809,625
06/01/2038 1,095,750.00 1,095,750.00
12/01/2038 1,135,000 7.500% 1,095,750.00 2,230,750.00 3,326,500
06/01/2039 1,053,187.50 1,053,187.50
12/01/2039 1,220,000 7.500% 1,053,187.50 2,273,187.50 3,326,375
06/01/2040 1,007,437.50 1,007,437.50
12/01/2040 1,825,000 7.500% 1,007,437.50 2,832,437.50 3,839,875
•- 06/01/2041 939,000.00 939,000.00
12/01/2041 1,960,000 7.500% 939,000.00 2,899,000.00 3,838,000
06/01/2042 865,500.00 865,500.00
12/01/2042 2,340,000 7.500% 865,500.00 3,205,500.00 4,071,000
06/01/2043 777,750.00 777,750.00
- 12/01/2043 2,515,000 7.500% 777,750.00 3,292,750.00 4,070,500
06/01/2044 683,437.50 683,437.50
12/01/2044 2,945,000 7.500% 683,437.50 3,628,437.50 4,311,875
06/01/2045 573,000.00 573,000.00
12/01/2045 3,170,000 7.500% 573,000.00 3,743,000.00 4,316,000
06/01/2046 454,125.00 454,125.00
12/01/2046 3,665,000 7.500% 454,125.00 4,119,125.00 4,573,250
06/01/2047 316,687.50 316,687.50
12/01/2047 3,940,000 7.500% 316,687.50 4,256,687.50 4,573,375
- 06/01/2048 168,937.50 168,937.50
12J01/2048 4,505,000 7.500% 168,937.50 4,673,937.50 4,842,875
30,400,000 45,456,000.00 75,856,000.00 75,856,000
Jan 3,2006 4:48 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 2
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SOURCES AND USES OF FUNDS
PIONEER REGIONAL METROPOLITAN DISTRICT •
SERIES 2011 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2011
Delivery Date 12/01/2011
Sources:
Bond Proceeds:
Par Amount 8,125,000.00
8,125,000.00
Uses:
Project Fund Deposits:
Construction Fund 7,800,000.00
Delivery Date Expenses:
Global COI 325,000.00
8,125,000.00
Mar 2.2006 2:09 pm Prepared by D:ADavidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W 11 SPDEE) Page 1
BOND DEBT SERVICE
PIONEER REGIONAL METROPOLITAN DISTRICT
- SERIES 2011 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
—
Annual
Period Debt Debt
Ending Principal Coupon Interest •Service Service
12/01/2011
06/012012 284,375 284,375
- 12/01/2012 125,000 7.000% 284,375 409,375 693,750
06/01/2013 280,000 280,000
12/012013 190,000 7.000% 280,000 470,000 -750,000
06/01/2014 273,350 273,350
12/01/2014 275,000 7.000% 273,350 548,350 821,700
-
06/01/2015 263,725 263,725
12/012015 145,000 7.000% 263,725 408,725 672,450
06/01/2016 258,650 258.650
12/01/2016 10,000 7.000% 258,650 268,650 527,300
06/01/2017 258,300 258,300
12/01/2017 258,300 258,300 516,600
-
06/01/2018 258,300 258.300
•12/012018 258,300 258,300 516,600
06/01/2019 258,300 258,300
12/01/2019 258,300 258.300 516,600
06/01/2020 258,300 258,300
- 12/01/2020 15,000 7.000% 258,300 273,300 531,600
06/01/2021 257,775 257,775
12/01/2021 15,000 7.000% 257,775 272,775 530,550
06/01/2022 257,250 257,250
12101/2022 50,000 7.000% 257,250 307,250 564,500
- 06/01/2023 255,500 255,500
12101/2023 10,000 7.000% 255,500 265,500 521,000
06/01/2024 255,150 255,150
12/01/2024 90.000 7.000% -255,150 345,150 600,300
06/01/2025 252,000 252,000
- 12/01/2025 95,000 7.000% 252,000 347,000 599,000
06/01/2026 248,675 248,675
12/01/2026 135.000 7.000% 248,675 383,675 632,350
06/01/2027 243,950 243,950
12/01/2027 145,000 7.000% 243.950 388,950 632,900
06/01/2028 238,875 238,875
'- 12/01/2028 195,000 7.000% 238,875 433,875 672,750
06/01/2029 232,050 232,050
12/01/2029 205,000 ' 7.000% 232,050 437,050 669,100
06/01/2030 224,875 224,875
12/01/2030 260,000 7.000% 224,875 484.875 709,750
•- 06/01/2031 215,775 215,775
12101/2031 280,000 7.000% 215,775 495,775 711,550
06/01/2032 205,975 205,975
12/01/2032 345,000 7.000% 205,975 550,975 756,950
06/01/2033 193,900 193,900
•- 12/01/2033 365,000 7.000% 193,900 558,900 752,800
06/01/2034 181,125 181,125
•
12/01/2034 440,000 7.000% 181,125 621,125 802,250
06/01/2035 165,725 165,725
12/01/2035 470,000 7.000% 165,725 635,725 801,450
_ 08/012036 149,275 149,275
• 12/01/2036 550,000 7.000% 149,275 699,275 848,550
06/01/2037 130,025 130,025
•
12/01/2037 590,000 7.000% 130,025 720,025 850,050
06/01/2038 109,375 109,375
12/01/2038 680,000 7.000% 109,375 789,375 898,750
•- 06/01/2039 85,575 85,575
12/01/2039 725,000 7.000% 85,575 810,575 896,150
06/01/2040 60,200 60,200
12/012040 830,000 ' 7.000% 60,200 890,200 950,400
06/01/2041 31,150 31,150
_ 12/01/2041 890,000 7.000% 31,150 921,150 952,300
8,125,000 12,775,000 20,900,000 20,900,000
Mar 2,2006 2:09 pm Prepared by D.A.Davidson 8 Co.Quantitative Group-EL '(Pioneer MD 05:EMAR206-W 11SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2017 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2017
Delivery Date 12/01/2017
Sources:
Bond Proceeds:
Par Amount 7,600,000.00
7,600,000.00
Uses:
Project Fund Deposits:
Construction Fund 7,296,000.00
Delivery Date Expenses:
Global COI 304,000.00
7,600,000.00
•
•
Mar 2,2006 2:12 pm Prepared by D.ADavidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W 17SPDEE) Page 1
BOND DEBT SERVICE
PIONEER REGIONAL METROPOLITAN DISTRICT
_
SERIES 2017 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12101/2017
06/01/2018 266,000 266,000
12/01/2018 25,000 7.000% 266,000 291,000 557,000
06/01/2019 265,125 265,125
12/01/2019 95.000 7.000% 265,125 360,125 625,250
06/01/2020 261,800 261,800
12/01/2020 185,000 7.000% 261,800 446.800 708.600
06/01/2021 255,325 255,325
12/01/2021 255,325 255,325 510,650
06/012022 255,325 255,325
12/01/2022 255,325 255,325 510,650
06/01/2023 255,325 255,325
12/01/2023 255,325 255,325 510,650
06/01/2024 255,325 255,325
12/01/2024 255,325 255,325 510,650
06/01/2025 255,325 255,325
12/01/2025 255,325 255,325 510,650
-
06/01/2026 255,325 255,325
12/01/2026 255.325 255,325 510,650
06/01/2027 255,325 255,325
12/01/2027 255,325 255,325 510,,650
06/01/2028 255,325 255,325
12/01/2028 255,325 255,325 510,650
-
06/01/2029 255,325 255,325
12/01/2029 255,325 255,325 510,650
06/01/2030 255,325 255,325
12/01/2030 255,325 255,325 510,650
06/01/2031 255,325 255,325
12/01/2031 255,325 255,325 510,650
06/01/2032 255,325 255,325
12/01/2032 255,325 255,325 510,650
06/01/2033 255,325 255,325
12/01/2033 255,325 255,325 510,650
-
06/01/2034 255,325 255,325
12/01/2034 255,325 255,325 510,650
06/01/2035 255,325 255,325
12/01/2035 255,325 255,325 510,650
06/01/2036 255,325 255,325
12/01/2036 255,325 255,325 510,650
06/01/2037 255,325 255,325
12/01/2037 255,325 255,325 510,650
06/01/2038 255,325 255,325
12/01/2038 255,325 255,325 510,650
06/01/2039 255,325 255,325
•- 12/01/2039 255,325 255,325 510,650
06101/2040 255,325 255,325
12/01/2040 255,325 255,325 510,650
06/01/2041 255,325 255,325
12/01/2041 255,325 255,325 510,650
•- 06/01/2042 255,325 255,325
12/01/2042 940,000 7.000% 255,325 1,195,325 1,450,650
06/01/2043 222,425 222,425
12/01/2043 1,005,000 7.000% 222,425 1,227,425 1,449,850
06/01/2044 187,250 187,250
12/01/2044 1,160,000 7.000% 187,250 1,347,250 1,534,500
06/01/2045 146,650 146,650
12/01/2045 1,245,000 7.000% 146,650 1,391,650 1,538,300
06/01/2046 103,075 103,075
12/012046 1,425,000 7.000% 103,075 1,528,075 1,631,150
06/01/2047 53,200 53,200
— 12/01/2047 1,520,000 7.000% 53,200 1,573,200 1,626,400
7,600,000 14,245,350 21,845,350 21,845,350
Mar 2,2006 2:12 pro Prepared by D A.Davidson 8 Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W 17SPDEE) Page 2
SOURCES AND USES OF FUNDS
,., PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2022 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
Dated Date 06/01/2022
Delivery Date 06/01/2022
.., - Sources:
Bond Proceeds:
Par Amount 7,500,000.00
7,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 7,200,000.00
Delivery Date Expenses:
Global COI 300,000.00
7,500,000.00
Mar 2,2006 2:15 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL - (Pioneer MD 05:EMAR206-W22SPDEE) Page 1
BOND DEBT SERVICE
PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2022 G,O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed.Scenario
—
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
_.—, 06/01/2022
12/01/2022 262,500 262,500 262,500
06/01/2023 262,500 262,500
12/01/2023 262,500 262,500 525,000
06/01/2024 262,500 262,500
- 12/01/2024 262,500 262,500 525,000
06/01/2025 262,500 262,500
12/01/2025 262,500 262,500 525,000
06/01/2026 262,500 262,500
12/01/2026 262,500 262,500 525,000
06/01/2027 262,500 262,500
12/01/2027 262,500 262,500 525,000
06/01/2028 262,500 262,500
12/01/2028 262,500 262,500 525,000
• 06/01/2029 262,500 262,500
12/01/2029 262,500 262,500 525,000
06/01/2030 262,500 262,500
12/01/2030 262,500 262,500 525,000
06/01/2031 262,500 262,500
12/01/2031 262,500 262,500 525,000
06/01/2032 262,500 262,500
12/01/2032 262,500 262,500 525,000
06/01/2033 262,500 262,500
12/01/2033 262,500 262,500 525,000
06/01/2034 262,500 262,500
12/01/2034 262,500 262,500 525,000
06/01/2035 262,500 262,500
12/01/2035 262,500 262,500 525,000
06/01/2036 262,500 262,500
12/01/2036 262,500 262,500 525,000
06/01/2037 262,500 . 262,500
12/01/2037 262,500 262,500. 525,000
06/01/2038 262,500 262,500
A 12/01/2038 262,500 262,500 525,000
06/01/2039 262,500 262,500
12/01/2039 262,500 262,500 525,000
06/01/2040 262,500 262,500
12/01/2040 262,500 262,500 525,000
•- 06/01/2041 262,500 262,500
12/01/2041 262;500 262,500 525,000
06/01/2042 262,500 262,500
12/01/2042 95,000 7.000% 262,500 357,500 620,000
06/01/2043 259,175 259,175
12/01/2043 100,000 7.000% 259,175 359,175 618,350
06/01/2044 255,675 255,675
12/01/2044 145,000 7.000% 255,675 400,675 656,350
06/01/2045 250,600 250,600
,_ 12101/2045 155,000 7.000% 250,600 405,600 656,200
06/01/2046 245,175 245,175
12/01/2046 205,000 7.000% 245,175 450,175 695,350
06/01/2047 238,000 238,000
12/01/2047 220,000 7.000% 238,000 458,000 696,000
.- 06/01/2048 230,300 230,300
12/01/2048 2,000,000 7.000% 230,300 2,230,300 2,460,600
06/01/2049 160,300 160,300
12/01/2049 2,140,000 7.000% 160,300 2,300,300 2,460,600
06/01/2050 85,400 85,400
12/01/2050 2,440,000 7.000% 85,400 2,525,400 2,610,800
7,500,000 14,211,750 21,711,750 21,711,750
-` Mar 2,2006 2:15 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W22SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2027 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2027
Delivery Date 12/01/2027
Sources:
Bond Proceeds:
Par Amount 8,700,000.00
8,700,000.00
Uses:
Project Fund Deposits:
Construction Fund 8,352,000.00
Delivery Date Expenses:
Global COI 348,000.00
8,700,000.00
•
•
Mar 2,2006 2:18 pm Prepared by D.A.Davdson 8 Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W27SPDEE) Page 1
BOND DEBT SERVICE
•
PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2027 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
—
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2027
06/01/2028 304,500 304,500
12/01/2028 304,500 304,500 609,000
06/01/2029 304,500 304,500
.12/01/2029 304,500 304,500 609,000
06/01/2030 304,500 304,500
12/01/2030 60,000 7.000% 304,500 364,500 669,000
06/01/2031 302,400 302,400
12/01/2031 302,400 302,400 604,800
06/01/2032 302,400 302,400
12/01/2032 302,400 302,400 604,800
06/01/2033 302,400 302,400
12/01/2033 302,400 302,400 604,800
06/01/2034 302,400 302,400
12/01/2034 302,400 302,400 604,800
06/01/2035 302,400 302,400
12/01/2035 302,400 302,400 604,800
06/01/2036 302,400 302,400
12/01/2036 100,000 7.000% 302,400 402,400 704,800
- 06/01/2037 298,900 298,900
12/01/2037 . 105,000 7.000% 298,900 403,900 702,800
06/01/2038 295,225 295,225
12/01/2038 215,000 7.000% 295,225 510,225 805,450
06/01/2039 287,700 287,700
- 12/01/2039 235,000 7.000% 287,700 522,700 810,400
06/01/2040 279,475 279,475
12/01/2040 360,000 7.000% 279,475 639,475 918,950
06/01/2041 266,875 266,875
12/01/2041 385,000 7.000% 266.875 651,875 918,750
06/01/2042 253,400 253,400
12/01/2042 505,000 -7.000% 253,400 758,400 1,011,800
06/01/2043 235,725 235,725
12/01/2043 540,000 7.000% 235,725 775,725 1,011,450
06/01/2044 216,825 216,825
12/01/2044 640,000 7.000% 216,825 856,825 1,073,650
06/01/2045 194,425 194,425
12/01/2045 680,000 7.000% 194,425 874,425 1,068,850
06/01/2046 170,625 170,625
"' 12/01/2046 795,000 7.000% 170,625 965,625 1,136,250
06/01/2047 142,800 142,800
12/01/2047 855,000 7.000% 142,800 997,800 1,140,600
06/01/2048 112,875 112,875
12/01/2048 980,000 7.000% 112,875 1,092,875 1,205,750
06/01/2049 78,575 78,575
12/01/2049 1,050,000 7.000% 78,575 1,128,575 1,207,150
06/01/2050 41,825 41,825
12/01/2050 1,195,000 7.000% 41,825 1,236,825 1,278.650
8,700,000 11,206,300 19,906,300 19,906,300
Mar 2,2006 2:18 pm Prepared by D.ADavidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W27SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER REGIONAL METROPOLITAN DISTRICT
SERIES 2031 G.O. BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-.Delayed Scenario
Dated Date 12/01/2031
Delivery Date 12/01/2031
Sources:
Bond Proceeds:
Par Amount 6,075,000.00
6,075,000.00
Uses:
Project Fund Deposits:
Construction Fund 5,832,000.00
Delivery Date Expenses:
Global COI 243,000.00
6,075,000.00
Mar 2,2006 2:19 pm Prepared by D.A.Davldson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W31SPDEE) Page 1
BOND DEBT SERVICE
PIONEER REGIONAL METROPOLITAN DISTRICT •
SERIES 2031 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario- .
Annual
Period - Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2031
06/01/2032 212,625 212,625
12/01/2032 212,625 212,625 425,250
06/01/2033 212,625 212,625
12/01/2033 212,625 212,625 425,250
06/01/2034 212,625 212,625
12/01/2034 140,000 7.000% 212,625 352,625 565,250
06/01/2035 207,725 207,725
12/01/2035 140,000 7.000% 207,725 347,725 555,450
06/01/2036 202,825 202,825
.- 12/01/2036 30,000 7.000% 202,825 232,825 435.650
06/01/2037 201,775 201,775
12/01/2037 15,000 7.000% 201,775 - 216,775 418,550
06/01/2038 201,250 201,250
_ 12/01/2038 135,000 7.000% 201,250 336,250 537,500
06/01/2039 196,525 196,525
12/01/2039 210,000 7.000% 196,525 406,525 603,050
06/01/2040 189,175 189,175
12/01/2040 265,000 7.000% 189,175 454,175 643,350
-
06/01/2041 179,900 179,900
12/01/2041 280,000 7.000% 179,900 459,900 639,800
06/01/2042 170,100 170,100
12/01/2042 335000 7.000% 170,100 505,100 675,200
06/01/2043 158,375 158,375
- 12/01/2043 365,000 7.000% 158,375 523,375 681,750
06/01/2044 145,600 145,600
12/01/2044 430,000 7.000% 145,600 575,600 721,200
06/01/2045 130,550 130,550
12/01/2045 460,000 7.000% 130,550 590,550 721,100
06/01/2046 114,450 114,450
12/01/2046 535,000 7.000% 114,450 649,450 763,900
06/01/2047 95,725 95,725
12/01/2047 570,000 7.000% 95,725 665,725 761,450
,_ 06/01/2048 75,775 75,775
12/01/2048 660,000 7.000% 75,775 735,775 811,550
06/01/2049 52,675 52,675
12/01/2049 705,000 7.000% 52,675 757,675 810,350
06/01/2050 28,000 28,000
.— 12/01/2050 800,000 7.000% 28,000 828,000 856,000
6,075,000 5,976,600 12,051,600 12,051,600
--
Mar 2,2006 2:19 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-W31 SPREE) Page 2
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SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2012
Delivery Date 12/01/2012
Sources: •
Bond Proceeds:
Par Amount 37,500,000.00
37,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,375,000.00
Delivery Date Expenses:
Global COI 1,125,000.00
37,500,000.00
Mar 2,2006 12:42 pm Prepared by D.A.Davidson 8 Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-M125PDEE( Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2012
— 06/01/2013 1,406,250.00 1,406,250.00
12/01/2013 1,000,000 7.500% 1,406,250.00 2,406,250.00 3.812,500
08/01/2014 1,368,750.00 1,368,750.00
12/01/2014 1,100,000 7.500% 1,368,750.00 2,468,750.00 3,837,500
06/01/2015 1,327,500.00 1,327,500.00
12/01/2015 1,600,000 7.500% 1,327,500.00 2,927,500.00 4,255,000
06/01/2016 1,267,500.00 1,267,500.00
12/01/2016 1,267,500.00 1,267,500.00 2,535,000
06/01/2017 1,267,500.00 1,267,500.00
12/01/2017 1,267,500.00 1,267,500.00 2,535,000
06/01/2018 1,267,500.00 1,267,500.00
12/01/2018 1,267,500.00 1,267,500.00 2,535,000
06/01/2019 1,267,500.00 1,267,500.00
12/01/2019 1,267,500.00 1,267,500.00 2,535,000
06/01/2020 1,267,500.00 1,267,500.00
12/01/2020 1,267,500.00 1,267,500.00 2,535,000
06/01/2021 1,267,500.00 1,267,500.00
12/01/2021 1,267,500.00 1,267,500.00 2,535,000
06/01/2022 1,267,500.00 1,267,500.00 e
12/01/2022 75,000 7.500% 1,267,500.00 1,342,500.00 2,610,000
06/01/2023 1,264,887.50 1,264,687.50
12/01/2023 80,000 7.500% 1,264,687.50 1,344,687.50 2,609,375
06/01/2024 1,261,687,50 1,261,687.50
12/01/2024 245,000 7.500% 1,261,687.50 1,506,687.50 2,768,375
06/01/2025 1,252,500.00 1,252,500.00
12/01/2025 265,000 7.500% 1,252,500.00 1,517,500.00 2,770,000
06/01/2026 1,242,562.50 1,242,562.50
12/01/2026 450,000 7.500% 1,242,562,50 1,692,562.50 2,935,125
06/01/2027 1,225,687.50 1,225,687.50
12/01/2027 485,000 7.500% 1,225,687.50 1,710,687.50 2,936,375
06/01/2028 1,207,500.00 1,207,500.00
12/01/2028 695,000 7.500% 1,207,500.00 1,902,500.00 3,110,000
- 06/01/2029 1,181,437.50 1,181,437.50
12/01/2029 750,000 7.500% 1,181,437.50 1,931,437.50 3,112,875
06/01/2030 1,153,312.50 1,153,312.50
12/01/2030 990,000 7.500% 1,153,312.50 2,143,312.50 3,296,625
06/01/2031 1,116,187.50 1,116,187.50
12/01/2031 1,065,000 7.500% 1,116,187.50 2,181,187.50 3,297,375
06/01/2032 1,078,250.00 1,076,250.00
12/01/2032 1,340,000 7.500% 1,076,250.00 2,416,250.00 3,492,500
06/01/2033 1,026,000.00 1,026,000.00
12/01/2033 1,445,000 7.500% 1,026,000.00 2,471,000.00 3,497,000
,_ 06/01/2034 971,812.50 971,812.50
12/01/2034 1,760,000 7.500% 971,812.50 2,731,812.50 3,703,625
06/01/2035 905,812.50 905,812.50
12/01/2035 1,890,000 7.500% 905,812.50 2,795,812.50 3,701,625
06/01/2036 834,937.50 834,937.50
_ 12/01/2036 2,255,000 7.500% 834,937.50 3,089,937.50 3,924,875
06/01/2037 750,375.00 750,375.00
12/01/2037 2,425,000 7.500% 750,375.00 3,175,375.00 3,925,750
06/01/2038 659,437.50 659,437.50
12701/2038 2,845,000 7.500% 659,437.50 3,504,437.50 4,163,875
06/01/2039 552,750.00 552,750.00
.- 12/01/2039 3,055,000 7.500% 552,750.00 3,607,750.00 4,160,500
06/01/2040 438,187.50 438,187.50
12101/2040 3,535,000 7.500% 438,187.50 3,973,187.50 4,411,375
06/01/2041 305,625.00 305,625.00
12/01/2041 3,800,000 7.500% 305,625.00 4,105,625.00 4,411,250
06/01/2042 163.125.00 163,125.00
1V01/2042 4,350,000 7.500% 163,125.00 4,513,125.00 4,676,250
37,500,000 63,129,750.00 100,629,750.00 100,629,750
Mar 2,2006 12:42 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-M12SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2016
Delivery Date 12/01/2016
Sources:
Bond Proceeds:
Par Amount 35,100,000.00
35,100,000.00
Uses:
Project Fund Deposits:
Construction Fund 34,047,000.00
Delivery Date Expenses:
Global COI 1,053,000.00
35,100,000.00
Mar 2.2006 12:44 pm Prepared by DADavidson 8 Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-MI6SPDEE) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/012016 •
— 06/01/2017 1,316,250.00 1,316,250.00
12/012017 700,000 7.500% 1,316,250.00 2,016,250.00 3,332,500
06/01/2018 - 1,290,000.00 1,290,000.00
12/01/2018 770,000 7.500% 1,290,000.00 2,060,000.00 3,350,000
. 06/012019 1,261,125.00 1,261,125.00
12/01/2019 900,000 7.500% 1,261,125.00 2,161,125.00 3,422,250
06/01/2020 1,227,375.00 1,227,375.00
12/012020 1,550.000 7.500% 1,227,375.00 2,777,375.00 4,004,750
06/012021 1,169,250.00 1,169,250.00
12/01/2021 1,169,250.00 1,169,250.00 2,338,500
06/01/2022 1,169,250.00 1,169,250.00
12J01/2022 1,169,250.00 1,169,250.00 2,338,500
06/01/2023 1,169,250.00 1,169,250.00
12/012023 1,169,250.00 1,169,250.00 2,338,500
06/01/2024 1,169,250.00 1,169,250.00
12/01/2024 1,169,250.00 1,169,250.00 2,338,500
- 06/01/2025 1,169,250.00 '1,169,250.00
12/01/2025 1,169,250.00 1,169,250.00 2,338,500
06/01/2026 1,169,250.00 1,169,250.00
12/01/2026 1,169,250.00 1,169,250.00 2,338,500
06/01/2027 1,169,250.00 1,169,250.00
12101/2027 1,169,250.00 1,169,250.00 2,338,500
06/01/2028 1,169,250.00 1,169,250.00
12/01/2028 1,169,250.00 1,169,250.00 2,338,500
06/01/2029 1,169,250.00 1,169,250.00
12/01/2029 1,169,250.00 1,169,250.00 2,338,500
-
06/01/2030 1,169,250.00 1,169,250.00
12/01/2030 1,169,250.00 1,169,250.00 2,338,500 06/01/2031 1,169,250.00 1,169,250.00
12101/2031 1,169,250.00 1,169,250.00 2,338,500
06/01/2032 1,169,250.00 1,169,250.00
12/01/2032 1,169,250.00 1,169,250.00 2,338,500
"' 06/01/2033 1,169,250.00 1,169,250.00
12/01/2033 1,169,250.00 1,169,250.00 2,338,500
06/01/2034 1,169,250.00 1,169,250.00
12/01/2034 80,000 7.500% 1,169,250.00 1,249,250.00 2,418,500
06/01/2035 1,166,250.00 1,166,250.00
12101/2035 85,000 7.500% 1,166,250.00 1,251,250.00 2,417,500
06/01/2036 1,163,062.50 1,163,062.50
12/01/2036 235,000 7.500% 1,163,062.50 1,398,062.50 2,561,125
06101/2037 1,154,250.00 1,154,250.00
12/01/2037 255,000 7.500% 1,154,250.00 1,409,250.00 2,563,500
,- 06/01/2038 1,144,687.50 1,144,687.50
12/01/2038 425,000 7.500% 1,144,687.50 1,569,687.50 2,714,375
06/01/2039 1,128,750.00 1,128,750.00
12/01/2039 455,000 7.500% 1,128,750.00 1,583,750.00 2,712,500
06/01/2040 1,111,687.50 1,111,687.50
12/01/2040 655,000 7.500% 1,111,687.50 1,766,687.50 2,878,375
- 06/01/2041 1,087,125.00 1,087,125.00
12/01/2041 700,000 7.500% 1,087,125.00 1,787,125.00 2,874,250
06/01/2042 1,060,875.00 1,060,875.00
12/01/2042 925,000 7.500% 1,060,875.00 1,985,875.00 3,046,750
06/01/2043 1,026,187.50 1,026,187.50
•- 12/01/2043 5,675,000 7.500% 1,026,187.50 6,701,187.50 7,727,375
06/01/2044 813,375.00 813,375.00
12/012044 6,560,000 7.500% 813,375.00 7,373,375.00 8,186,750
06101/2045 567,375.00 567,375.00
12/01/2045 7,055,000 7.500% 567,375.00 7,622,375.00 8,189,750
06/01/2046 302,812.50 302,812.50
12/01/2046 8,075,000 7.500% 302,812.50 8,377,812.50 8,680,625
35,100,000 66,381,375.00 101,481,375.00 101,481,375
Mar 2,2006 12:44 pm Prepared by D.A.Davideon&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-M16SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2022 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2022
Delivery Date 12/01/2022
- Sources:
Bond Proceeds:
Par Amount 38,000,000.00
38,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,860,000.00
• Delivery Date Expenses:
Global COI 1,140,000.00
38,000,000.00
Mar 2,2006 12:45 pm Prepared by D.A.Davidson 8 Co.Quantitative Group-EL - (Pioneer MD 05:EMAR206-M22SPDEE) Page 1
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2022 G.O.BONDS
Non-Rated, 30-Year Maturity
Service Plan Version-Delayed Scenario
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
•— 12/01/2022
06/01/2023 1,425,000.00 1,425,000.00
12/01/2023 1,425,000.00 1,425,000.00 2,850,000
06/01/2024 1,425,000.00 1,425,000.00
-
12/01/2024 800,000 7.500% 1,425,000.00 2,225,000.00 3,650,000
06/01/2025 1,395,000.00 1,395,000.00
12/01/2025 1,700,000 7.500% 1,395,000.00 3,095,000.00 4,490,000
06/01/2026 1,331,250.00 1,331,250.00
12/01/2026 1,500,000 7.500% 1,331,250.00 2,831,250.00 4,162,500
06/01/2027 1,275,000.00 1,275,000.00
12/01/2027 1,275,000.00 1,275,000.00 2,550,000
06/01/2028 1,275,000.00 1,275,000.00
12/01/2028 1,275,000.00 1,275,000.00 2,550,000
06/01/2029 1,275,000.00 1,275,000.00
- 12/01/2029 1,275,000.00 1,275,000.00 2,550,000
06/01/2030 1,275,000.00 1,275,000.00
12/01/2030 1,275,000.00 1,275,000.00 2,550,000
06/01/2031 1,275,000.00 1,275,000.00
12/01/2031 1,275,000.00 1,275,000.00 2,550,000
06/01/2032 1,275,000.00 1,275,000.00
12/01/2032 1,275,000.00 1,275,000.00 2,550,000
06/01/2033 1,275,000.00 1,275,000.00
12/01/2033 1,275,000.00 1,275,000.00 2,550,000
06/01/2034 1,275,000.00 1,275,000.00
12/01/2034 1,275,000.00 1,275,000.00 2,550,000
06/01/2035 1,275,000.00 1,275,000.00
12/01/2035 1,275,000.00 1,275,000.00 2,550,000
06/01/2036 1,275,000.00 1,275,000.00
12/01/2036 1,275,000.00 1,275,000.00 2,550,000
06/01/2037 1,275,000.00 1,275,000.00
12/01/2037 1,275,000.00 1,275,000.00 2,550,000
06/01/2038 1,275,000.00 1,275,000.00
12/01/2038 1,275,000.00 1,275,000.00 2,550,000 .
06/01/2039 1,275,000.00 1,275,000.00
12/01/2039 1,275,000.00 1,275,000.00 2,550,000
06/01/2040 1,275,000.00 1,275,000.00
12/01/2040 1,275,000.00 1,275,000.00 2,550,000
._ 06/01/2041 1,275,000.00 1,275,000.00
12/01/2041 1,275,000.00 1,275,000.00 2,550,000
06/01/2042 1,275,000.00 1,275,000.00
12/01/2042 1,275,000.00 1,275,000.00 2,550,000
06/01/2043 1,275,000.00 1,275,000.00
•- 12/01/2043 1,275,000.00 1,275,000.00 2,550,000
06/01/2044 1,275,000.00 1,275,000.00
12/01/2044 1,275,000.00 1,275,000.00 2,550,000
06/01/2045 1,275,000.00 1,275,000.00
12/01/2045 1,275,000.00 1,275,000.00 2,550,000
06/01/2046 1,275,000.00 1,275,000.00
12/012046 1,275,000.00 1,275,000.00 2,550,000
06/01/2047 1,275,000.00 1,275,000.00
12/01/2047 7,050,000 7.500% 1,275,000.00 8,325,000.00 9,600,000
-- 06/01/2048 1,010,625.00 1,010,625.00
12/01/2048 8,155,000 7.500% 1,010,625.00 9,165,625.00 10,176,250
06/01/2049 704,812.50 704,812.50
12/01/2049 8,765,000 7.500% 704,812.50 9,469,812.50 10,174,625
06/01/2050 376,125.00 376,125.00
-- 12/01/2050 10,030,000 7.500% 376,125.00 10,406,125.00 10,782,250
38,000,000 68,885,625.00 106,885,625.00 106,885,625
•
Mar 2,2006 12:45 pm Prepared by D.A.Davidson&Co.Quantitative Group-El (Pioneer MD 05:EMAR206-M225PDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2027 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2027
Delivery Date 12/01/2027
Sources: - -
Bond Proceeds:
Par Amount 41,000,000.00
41,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 39,770,000.00
Delivery Date Expenses:
Global COI 1,230,000.00
41,000,000.00
- Mar 2,2006 12:46 pm Prepared by D.A.Davidson 8 Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-M27SPDEE) Page 1
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2027 G.O.BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2027
06/01/2028 1,537,500.00 1,537,500.00
12/01/2028 1,537,500.00 1,537,500.00 3.075,000
06/01O029 1,537,500.00 1,537,500.00
12/01/2029 1,537,500.00 1,537,500.00 3,075,000
06/01/2030 1,537,500.00 1,537,500.00
12/01/2030 1,537,500.00 1,537,500.00 3,075,000
06/01/2031 1,537,500.00 1,537,500.00
12/01/2031 1,537,500.00 1,537,500.00 3,075,000
06/01O032 1,537,500.00 1,537,500.00
12/012032 1,537,500.00 1,537,500.00 3,075,000
06/01/2033 1,537,500.00 1,537,500.00
12/01/2033 1,537,500.00 1,537,500.00 3,075,000
06/01/2034 1,537,500.00 1,537,500.00
-
12/01/2034 1,537,500.00 1,537,500.00 3,075,000
06/01/2035 1,537,500.00 1,537,500.00
12/012035 1,537,500.00 1,537,500.00 3,075,000
06/01/2036 1,537,500.00 1,537,500.00
_ 12/01/2036 280,000 7.500% 1,537,500.00 1,817,500.00 3,355,000
06/01/2037 1,527,000.00 1,527,000.00
12/012037 295,000 7.500% 1,527,000.00 1,822,000.00 3,349,000
06/01/2038 1,515,937.50 1,515,937.50
12/01/2038 675,000 7.500% 1,515,937.50 2,190,937.50 3,706,875
06/01/2039 1,490,625.00 1,490,625.00
12/01/2039 730,000 7.500% 1,490,625.00 2,220,625.00 3,711,250
06/01/2040 1,463,250.00 1,463,250.00
12/01/2040 1,155,000 7.500% 1,463,250.00 2,618,250.00 4,081,500
06/01/2041 1,419,937.50 1,419,937.50
12/01/2041 1,245,000 7.500% 1,419,937.50 2,664,937.50 4,084,875
06/01/2042 1,373,250.00 1,373,250.00
12/01/2042 1,735,000 7.500% . 1,373,250.00 3,108,250.00 4,481,500
06/01/2043 1,308,187.50 1,308,187.50
12/01/2043 1,865,000 7.500% 1,308,187.50 3,173,187.50 4,481,375
06/01/2044 1,238,250.00 1,238,250.00
12/01/2044 2,430,000 . 7.500% 1,238,250.00 3,668,250.00 4,906,500
06/01/2045 1,147,125.00 1,147,125.00
12/01/2045 2,610,000 7.500% 1,147,125.00 3,757,125.00 4,904,250
06/01/2046 1,049,250.00 1,049,250.00
12/01/2046 3,250,000 7.500% 1,049,250.00 4,299,250.00 5,348,500
06/01/2047 927,375.00 927,375.00
12/01/2047 5,125,000 7.500% 927,375.00 6.052,375.00 6,979,750
06/012048 735,187.50 735,187.50
12/01/2048 5,930,000 7.500% 735,187.50 6,665,187.50 7,400,375
06/01/2049 512.812.50 512,812.50
12/01/2049 6,375,000 7.500% 512,812.50 6,887,812.50 7,400,625
06/01/2050 273,750.00 273,750.00
__ 12/012050 7,300,000 7.500% 273,750.00 7,573.750.00 7,847,500
41,000,000 59,638,875.00 100,638.875.00 100,638,875
Mar 2,2006 12:46 pm Prepared by DA.Davidson&Co.Quantitative Group-EL (Pioneer MO 05:EMAR206-M27SPDEE) Page 2
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1.6
SERIES 2031 G.O. BONDS
Non-Rated,2050 Final Maturity
Service Plan Version-Delayed Scenario
Dated Date 12/01/2031
Delivery Date 12/01/2031
Sources:
Bond Proceeds:
Par Amount 30,400,000.00
30,400,000.00
Uses:
Project Fund Deposits:
Construction Fund 29,488,000.00
Delivery Date Expenses:
Global COI 912,000.00
30,400,000.00
•
Mar 2,2006 12:49 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL (Pioneer MD 05:EMAR206-M31PDED) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2031 G.O.BONDS
Non-Rated, 2050 Final Maturity
Service Plan Version-Delayed Scenario
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
— . 12/01/2031
06/01/2032 1,140,000.00 1,140,000.00
12/01/2032 1,140,000.00 1,140,000.00 2,280,000
06/01/2033 1,140,000.00 1440,000.00
-- 19/01/2031 1 140 000 00 1 140,000 00 2 2agnon
` 06/01/2034 1,140,000.00 1,140,000.00
12/01/2034 1,140,000.00 1,140,000.00 2,280,000
06/01/2035 1,140,000.00 1,140,000.00
12/01/2035 1,140,000.00 1,140,000.00 2,280,000
06/01/2036 1,140,000.00 1,140,000.00
12/01/2036 60,000 7.500% 1,140,000.00 1,200,000.00 2,340,000
06/01/2037 1,137,750.00 1,137,750.00
12/01/2037 495,000 7.500% 1,137,750.00 1,632,750.00 2,770.500
06/01/2038 1,119,187.50 1,119,187.50
- 12/01/2038 750,000 7.500% 1,119,187.50 1,869,187.50 2,988,375
06/01/2039 1,091,062.50 1,091,062.50
12/01/2039 1,040,000 7.500% 1,091,062,50 2,131,062.50 3,222,125
06/01/2040 1,052,062.50 1,052,062.50
12/01/2040 1,310,000 7.500% 1,052,062.50 2,362,062.50 3,414,125
06/01/2041 1,002,937.50 1,002,937.50
12/01/2041 1,410,000 7.500% 1,002,937.50 2,412,937.50 3,415,875
06/01/2042 950,062.50 950,062.50
12/01/2042 1,725.000 7.500% 950,062.50 2,675,062.50 3,625,125
06/01/2043 885,375.00 885,375.00
12/01/2043 1,845,000 7.500% 885,375.00 2,730,375,00 3,615,750
06/01/2044 816,187.50 816,187.50
12/01/2044 2,205,000 7.500% 816,187.50 3,021,187.50 3,837,375
06/01/2045 733,500.00 733,500.00
.- 12/01/2045 2,370,000 7.500% 733,500.00 3,103,500.00 3,837,000
06/01/2046 - 644,625.00 644,625.00
12/01/2046 2,780,000 7.500% " 644,625.00 3,424,625.00 4,069,250
06/01/2047 540,375.00 540,375.00
12/01/2047 2,990,000 7.500% 540,375.00 3,530,375.00 4,070,750
06/01/2048 428,250.00 428,250.00
12/01/2048 3,455,000 7.500%_ 428,250.00 3,883,250.00 4,311,500
06/01/2049 298,687.50 298,687.50
12/01/2049 3,715,000 7.500% 298,687.50 4,013,687.50 4,312,375
— 06/01/2050 159,375.00 159,375.00
12/01/2050 4,250,000 7.500% 159,375.00 4,409,375.00 4,568,750
30,400,000 33,118,875.00 63,518,875.00 63,518,875
Mar 2,2006 12:49 pm Prepared by D.A.Davidson&Co.Quantitative Group-EL .
(Pioneer MD 05:EMAR206-M3IPDED) Paget
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