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6.1 B - Attachment No. 4
<br /> NOTE 7—BUSINESS-TYPE ACTIVITIES LONG-TERM DEBT(CONTINUED�
<br /> C. Annual Repayment Requirements for Business-type Activities Long Term Debt
<br /> Business-Tvpe Activities:
<br /> YearEnd Revenue Bonds Loans Total
<br /> June 30 Principal Interest Principal Interest Principal Interest
<br /> $ $ $ $ $ $
<br /> 2010 1,92 5,000 3,46 3,737 27,721 90,927 1,952,721 3,554,66 4
<br /> 2011 1,990,000 3,391,475 28,969 89,679 2,018,969 3,481,154
<br /> 2012 2,07 0,000 3,315,712 30,273 88,375 2,100,27 3 3,404,08 7
<br /> 2013 2,15 5,000 3,23 6,538 31,635 87,014 2,186,63 5 3,323,55 2
<br /> 2014 2,24 0,000 3,15 3,963 1,333,058 85,590 3,573,05 8 3,239,55 3
<br /> 2015-2 019 12,57 5,000 14,35 9,828 188,992 79,248 12,763,99 2 14,439,07 6
<br /> 20 20 2 024 15,43 5,000 11,50 6,571 235,497 32,722 15,670,49 7 11,539,29 3
<br /> 20 25-2 029 19,17 0,000 7,83 0,549 19,170,00 0 7,830,54 9
<br /> 20 30-2 034 20,76 5,000 3,35 4,295 20,765,00 0 3,354,29 5
<br /> 20 35-2 035 2,415,000 10 8,676 2,415,00 0 108,67 6
<br /> 80,740,000 53,721,344 1,876,145 553,555 82,616,145 54,274,899
<br /> NOTE 8—DEBT WITHOUT CITY COMMITMENT
<br /> A. Assessment District Bonds
<br /> Assessment District Bonds (1915 Act) were issued in July 1999 to refund bonds issued in 1990 by the
<br /> Seaport Centre and Seaport Boulevard Assessment Districts (that were issued to refund bonds issued in
<br /> 1985). The original bonds (1985) were issued for the purpose of installing water and sewer systems
<br /> within the Seaport Centre area and for improvements and landscaping to Seaport Boulevard. The
<br /> principal amount issued in 1999 was $9,430,000. The 1999 bond issue also resulted in the consolidation
<br /> of the two assessment districts into one district pursuant to the Refunding Act of 1984 for 1915
<br /> Improvement Act bonds. The refunding resulted in a reduction of $1,028,138 in total debt service
<br /> payments over the next ten years and an economic gain of$622,557.
<br /> These bonds are obligations of the property owners in this district and are not obligations of the City, nor
<br /> has any political subdivision of the State of California pledged its full faith and credit for the payment of
<br /> these bonds. The City's only responsibilities with respect to any delinquent assessment installments are
<br /> solely advancing funds from the reserve fund(established with bond proceeds)to the redemption fund,to
<br /> the extent that such funds are available, and instituting foreclosure proceedings. The City is not required
<br /> to advance available funds of the City for payment of principal or interest or to purchase land at a
<br /> delinquent foreclosure assessment sale. The bonds were redeemed in full on September 2,2008.
<br /> B. Community Facilities District(Mello-Roos)Bonds
<br /> On October 17, 2000, the Community Facilities District(CFD) issued $21,000,000 of bonds on behalf of
<br /> the developer of the Pacific Shores Project to fund various transportation system improvements within the
<br /> City's right-of-way that were required as a condition of the development. These bonds are solely
<br /> obligations of the property owners in this district and are not obligations of the City, nor has any political
<br /> subdivision of the State of California pledged its full faith and credit for the payment of these bonds.
<br /> The City's only responsibilities with respect to any delinquent assessment installments are solely
<br /> advancing funds from the reserve fund(established with bond proceeds)to the redemption fund,to the
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