West Orange Fourth Round HEFSP_adopted 111025_Appendices

to the Redeveloper for construction of the Infrastructure Improvements and Public Dog Park. Pursuant to an escrow agreement or construction agreement to be entered into by the Township, WOOEP and the Redeveloper, the Township shall deposit the $1.5 million in an interestbearing trust account pending payment to the Redeveloper or another contractor for the construction of the Library Improvements. Any interest accrued on the $1.5 million shall be paid to WOOEP. Flow of Funds: The Redeveloper will make all Pledged Annual Service Charges to the Township. The Township will make payment to the RAB holders from the Pledged Annual Service Charges so received by the Township. The Township will only be responsible for remitting the debt service payment if the Pledged Annual Service Charge has been collected by the Township. Maturity Schedule: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 4839-2360-2911, v. 3 $258,750 $288,750 $327,025 $323,000 $323,975 $324,663 $325,063 $325,175 $325,000 $324,538 $323,788 $327,750 $326,138 $324,238 $327,050 $324,288 $326,238 $327,613 $323,413 $323,925 $323,863 $328,225 $326,725 $324,650 $327,000 $323,488 $324,400 $324,450 $323,638 $311,963