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NOTE 7—BUSINESS-TYPE ACTIVITIES LONG-TERM DEBT <br /> A. Descrlption <br /> Revenue B onds: <br /> Port of Redwood City 1999 Revenue Bonds are due in annual installments of $170,000 to <br /> $690,000 through 2030. On April 1, 1999, the Port issued bonds in the amount of$10,945,000 to <br /> finance improvements to the Port, the majority of which will be expended on cleaning up <br /> hazardous waste remaining at the Port's liquid bulk terminal. <br /> Water Revenue Bonds Series 2005A - In February 2005, Redwood City Public Financing <br /> Authority issued $35,790,000 of bonds to finance a portion of the City's recycled water project. <br /> Principal and interest is payable in 29 annual installments of $2,142,585 to $2,157,925 from <br /> February 2006 through February 2034. <br /> Water Revenue Bonds Series 2006A - In February 2006, Redwood City Public Financing <br /> Authority issued $26,000,000 of bonds to finance a portion of the City's recycled water project. <br /> Principal and interest is payable in 29 annual installments of $520,000 to $1,505,000 from <br /> February 2007 through February 203 5. <br /> Water Revenue Bonds Series 2007A — In February 2007, Redwood City Public Financing <br /> Authority issued $15,150,000 of bonds to finance a portion of the City's recycled water project. <br /> Principal and interest is payable in 28 annual installments of$285,000 to $910,000 from February <br /> 2008 through February 203 5. <br /> Loans: <br /> Yacht Harbor Rehabilitation Loan from the State of California in the original principal amount of <br /> $880,000. The loan is payable in annual installments of principal and interest of$53,648 through <br /> the year 2024. <br /> Parking Fund Loan agreement with the civic center construction fund in the original principal <br /> amount of $1,300,000 to finance the construction of the parking fund's downtown parking <br /> structure. Payments are for interest only until funds are available to pay principal. All principal <br /> is to be repaid by July 1, 2013 if funds are available. In 2000/O 1, the civic center construction <br /> fund was closed, and the loan receivable was transferred to the capital outlay fund. <br /> 47 <br />