Schedule K Supplental Information |
Part I, Bond C, Column F: The 2015 issue refunded issues dated 12/09/10, 11/21/2006, 6/16/2005, 10/16/2001, 5/20/1999. Part I, Bond D, Column F: The 2016 issue financed the aquisition of 34-42 West 14th Street and advanced refunded the series 2010 issue dated 12/08/2010. Part II, Line 4, Bond A: The difference between the total proceeds and the issue price is the investment earnings for the issue. Part II, Line 11, Bond B: The other spent proceeds are the refunding proceeds of the issue (36,179,900) and the NYS issuance fee (295,550). Part II, Line 11, Bond C: The other spent proceeds are the refunding proceeds of the issue that are no longer in escrow (96,657,250) and the NYS issuance fee (302,005). Part II, Line 11, Bond D: The other spent proceeds are the refunding proceeds that are no longer in escrow. Part III, Line 4, Bond D: A portion of the 2016A issue financed the acquisition of 34-42 West 14th Street NY, NY. At the time of the property acquisition there were hold-over tenants that will occupy the building prior to conversion to use of the entire building soley by the taxpayer for its tax-exempt purposes and that will eliminate all private use. Thus, during the reporting period covered by this filing, private business use of a portion of the 2016 bonds proceeds arises from such hold-over tenants and is reflected on Part III Lines 4 and 6. Importantly, bond counsel determined and advised that there are no private secuirty or payments attributable to the 2016A bond issue, as reflected on Part III, Line 7. Part IV, Line 2c, Bond B: The arbitrage calculation was performed on 5/2/2015. |