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Year Principal Interest Total Debt Service Estimated Operations Cost* Total Estimated Debt Service, Budget & Ops Est. Millage Required for Debt, Budget, & Ops 2022 - $ - $ - $ - $ - $ - 2023 705,000.00 457,500 1,162,500 393,193 1,555,693 1.15 2024 720,000.00 435,998 1,155,998 416,785 1,572,782 1.15 2025 730,000.00 414,038 1,144,038 441,792 1,585,829 1.15 2026 745,000.00 391,773 1,136,773 468,299 1,605,072 1.15 2027 755,000.00 369,050 1,124,050 496,397 1,620,447 1.15 2028 765,000.00 346,023 1,111,023 526,181 1,637,204 1.15 2029 770,000.00 322,690 1,092,690 557,752 1,650,442 1.15 2030 775,000.00 299,205 1,074,205 591,217 1,665,422 1.15 2031 780,000.00 275,568 1,055,568 626,690 1,682,258 1.15 2032 785,000.00 251,778 1,036,778 664,292 1,701,069 1.15 2033 785,000.00 227,835 1,012,835 704,149 1,716,984 1.15 2034 785,000.00 203,893 988,893 746,398 1,735,291 1.15 2035 780,000.00 179,950 959,950 791,182 1,751,132 1.15 2036 775,000.00 156,160 931,160 838,653 1,769,813 1.15 2037 765,000.00 132,523 897,523 888,972 1,786,495 1.15 2038 755,000.00 109,190 864,190 942,311 1,806,501 1.15 2039 740,000.00 86,163 826,163 998,849 1,825,012 1.15 2040 720,000.00 63,593 783,593 1,058,780 1,842,373 1.15 2041 695,000.00 41,633 736,633 1,122,307 1,858,939 1.15 2042 670,000.00 20,435 690,435 1,189,645 1,880,080 1.15 15,000,000 $ 4,784,993 $ 19,784,993 $ 14,463,846 $ 34,248,838 $ Average Millage Required- All: 1.15 *Including inflation factor of 6% Estimated Bond Closing Date 7/1/2022 County of Otsego Jail Facility Millage Requirements for Debt Service and Operations $15,000,000 Based on 3.05% True Interest Cost Estimate for 20 year Bond Issue MFCI, LLC 07/16/2021