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<br />. NOTE 6j.GOVERNMENTALACTIVITIES LONG-TERl\.l DEBT (CONTINUED);
<br />
<br />. .
<br />
<br />to: $1,525,880, With totaf principa~. and interest remammg on the bonds. in;. l11e amount of
<br />$6,038,695 through July 15, 2011. . The bonds .are payable solely from property tax increment
<br />generated by the redevelopment agency fund and the: low and moderate income housing fund
<br />which is expected to,produce 135<Yo of the de.btservicc.Tequirem~nts..
<br />
<br />2003 Tax.: Allocation. Bouds - Ln. Octoh.er -2003, the Redwood City Rcdev~lopment Agency .
<br />issued $33,997,448 in bonds to finance various. downto\'v'n improvement~. These bonds consist
<br />of current coupon bonds ~nd capital.appreciation bonds. The current coupon bonds pay interest-.
<br />. only through January 15, 20.10. Principal on the. current coupon bonds is paid:. in annual
<br />installm.Cnts. . of $1)25,000 to $2,850,000: from. July 15, 2010 to July 15,; 2015. Payments,
<br />ref1.ecting interest and princi}:>al of the capital. appreciation bonds .are.due in :annual installments.
<br />of $51 0,000 to $3,505,000 from July 15; 2015 through July J"5.: 2032. Total principal and interest
<br />remaining on. the bonds is $77,592,91.3. Payments are made from prope.rty" tax "increment
<br />. generated: by the redeyelopment agency fund which is expected to produce 135% of the debt.
<br />service requirements. .;
<br />
<br />Loans:
<br />
<br />. .
<br />
<br />Redwood. City .Sch()o) District "Loan : entered : into by the Redevelopment Agency in 1998 to:
<br />finance a portion of the land and'buildings located..at 210iBroadway that" were acquired for the
<br />purpoie o(eventually:being resold:.:to>a' developer;.. original'amount of $634,815 at 0% interest,
<br />due in 15 annual installm.ents of $42,321 through 2013 payable out of:th:e redevelopment agency
<br />fund. . . . . "
<br />
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<br />. .
<br />.. B. C"aI~ges in Long~Te;m Obligations'; ..
<br />
<br />. . . .
<br />
<br />. As of June.30, 2008, the City had the.roJlowi~g long-term .obligations outstahding:
<br />. Beginning.
<br />., h'1tercst Rate Balance
<br />% $
<br />
<br />. Ending
<br />Ball1Jlce
<br />. S .:.
<br />
<br />. .
<br />. .
<br />, .
<br />
<br />Governmental Activities:.
<br />
<br />. .;RctiremenLS
<br />$
<br />
<br />Additions
<br />S
<br />
<br />Revenu~ Bonds
<br />1998 Lease Revenue. Refunding. Bonds
<br />, . 1998 CIty Hall Lease Revellu~.. ..
<br />. 2003 PF A Refunding Bonds
<br />Unamoniz.cd premiums .
<br />Subtotal. . .
<br />. GeJlerallinpn)\fement Distri.rt Bonds
<br />FaCiliri.es Series J-64 .. . .
<br />Reclamation Series I ~64
<br />Subtotal . . , ,
<br />',Tax lucrenient Bonds: , .;"- ... ,
<br />1997 Tax Allocation Refunding Bonds.
<br />2003 Tax Allocation B<mds
<br />: Accrered interest payable :
<br />, Unamortized premiums
<br />:. $ubtotal
<br />. Loan.s
<br />Redwood City Schoo.! f)istricl Loan
<br />
<br />4.00-5.00
<br />,.variable:
<br />250-4.J8
<br />
<br />5,755,000 .
<br />. 9.565,000
<br />9,355,000.
<br />3.429
<br />24.678.429
<br />
<br />955,000. . 4,800,000
<br />480,000. .. 9.085,000 .
<br />750,000' 8,605.000
<br />286 3.143
<br />2,185,286 22.493,143
<br />550,000 145,000 '
<br />80.000 25,000
<br />630.000 . 170.000
<br />J ,21 O,OO{) 5,465.000
<br /> 33.9Q7,448
<br /> 5,766.393 .
<br />30.771' 709.285
<br />! .240,771 45.998,126
<br />42.321 211,605
<br />4.09K378 68.872.874
<br />283 ;599 . 8.451.413
<br />AJ8I,97i. 77.324.287
<br />
<br />5.00-6: 00
<br />5.00-6:00
<br />
<br />695,000: .
<br />J 05.000
<br />800.000
<br />
<br />:3.80-5.15
<br />:,
<br />3.5.0-5.80' i
<br />
<br />. 6,675,000...
<br />33,997,448 :..
<br />4,405,805. :
<br />800.056.
<br />45.878.309
<br />
<br />. L360.588
<br />
<br />: 1.360.588
<br />
<br />253.926
<br />
<br />. . .
<br />
<br />'T otalBonds and Loans
<br />
<br />: 1.360:5&8
<br />
<br />7Uj 10,664
<br />
<br />Acuued Sick Leave. and \;acation.
<br />
<br />791.594
<br />
<br />7,943,418.
<br />
<br />. . .. . .
<br />. . .
<br />. . .. .. . .
<br />. . '.. . ..:
<br />'. . . ..
<br />Total Governmental Activities Long-Te~ Debt
<br />
<br />79,554.082 .
<br />
<br />2,152,182 ;
<br />
<br />..:A5, '
<br />
<br />'::j'
<br />
<br />" :
<br />..
<br />:';
<br />... ;';:
<br />
<br />Due Within
<br />.One Y car
<br />$
<br />
<br />995.000
<br />SOU.OOO
<br />770,000
<br />. :286
<br />2.265.286 .
<br />
<br />145.000
<br />25,000
<br />170.000
<br />
<br />1,i70,()(){)'
<br />
<br />30,771
<br />1.300.771
<br />
<br />42,321 :.
<br />
<br />;
<br />3. i78.378
<br />
<br />319,093-
<br />
<br />4.o<J7,4 71
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