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<br />, O~-\Iø <br /> <br />Port of Redwood City Debt <br /> <br />Capitalized Lease Agreement with AT&T Lucent Technologies in the original principal amount of $10.000 <br />for a new phone system for the Port payable in monthly installments of $350 ($4,200 per yeaJ) including <br />interest through 2001. As of June 30, 2000, $5,026 in principal will be outstanding. <br />Sources of repayment.fimds - Port revenues <br /> <br />Port of Redwood City 1999 Revenue Bonds annual debt service of approximately $723,000 through 2030. <br />On April 1, 1999, the Port issued bonds in the amount of $1 0,945,000 to fmance improvements to'the Port the <br />majority of which will be expended on cleaning up hazardous waste remaining at the Port's liquid bulk tenninal. <br />As of June 30, 2000, $10,945,000 in principal will be outstanding. <br />Sources of funds - Port revenues <br /> <br />Yacht Harbor Rehabilitation Loan from the State of California in the original principal amount of $880.000. <br />The loan is payable in annual installments of principal and interest of $53,613 through the year 2023. As of <br />June 30, 2000, $777,126 in principal will be outstanding. <br />Sources of funds - Port revenues <br /> <br />cc: Ed Everett, City Manager <br />Patricia Howe, City Clerk <br /> <br />. Page 3 <br />