|
6.1. B. - Page 74
<br /> NOTE 7- BUSINESS-TYPE ACTIVITIES LONG-TERM DEBT �CONTINUED�
<br /> 8. Changes in Debt
<br /> Interest Beginning Ending Due Within
<br /> Rate Balance Additions Retirements Balance One Year
<br /> Business Activities: % $ $ $ $ $
<br /> Revenue Bonds:
<br /> Port of Redwood City - 1999 Series 4.00-S.ZS 8,885,000 260,000 8,625,000 275,000
<br /> Water Revenue Bonds Series 2005A 2J5-4.25 31,885,000 83Q000 31,055,000 860,000
<br /> Water Revenue Bonds Series 2006A 3.50-4.50 23,795,000 575,000 Z3,220,000 595,000
<br /> Water Revenue Bonds Series 2007A 4.00-4.50 14,250,000 325,000 13,925,000 340,000
<br /> Unamortized Premium 15,757 630 15,1Z7 630
<br /> Unamortized Discount (594,985) (20,903) (574,082) (21,421)
<br /> 78,235,772 1,969,727 76,266,045 2,049,209
<br /> Loans:
<br /> Yacht Harbor Rehabilitation Loan 4.70 548,424 Z8,969 519,455 30,273
<br /> Parl<ing Fund Loan variable 1,300,000 1,300,000
<br /> 1,848,424 28,969 1,819,455 30,273
<br /> Total Bonds and Loans 80,084,196 1,998,696 78,085,500 2,079,48Z
<br /> Accrued Sick Leave and Vacation 851,379 439,729 458,193 832,915 448,136
<br /> Total Business-type Activities Long-Term Debt 80,935,575 439,729 Z,456,889 78,918,415 2,527,618
<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 /> 2012 2,070,000 3,315,712 30,273 88,375 2,100,273 3,404,087
<br /> 2013 2,155,000 3,236,538 31,635 87,014 2,186,635 3,323,552
<br /> 2014 2,240,000 3,153,963 1,333,058 85,590 3,573,058 3,239,553
<br /> 2015 2,320,000 3,066,298 34,546 19,102 2,354,546 3,085,400
<br /> 2016 2,410,000 2,974,748 36,101 17,547 2,446,101 2,992,295
<br /> 2017-2021 13,640,000 13,305,829 206,384 61,856 13,846,384 13,367,685
<br /> 2022-2026 16, 805,000 10,143, 717 147,458 13,465 16,952,458 10,157,182
<br /> 2027-2031 20,210,000 6,088,569 20,210,000 6,088,569
<br /> 2032-2036 14,975,000 1,580,758 14,975,000 1,580,758
<br /> 2037-2040 0 0
<br /> 0 0
<br /> 76,825,000 46,866,132 1,819,455 372,949 78,644,455 47,239,081
<br /> NOTE 8- DEBT WITHOUT CITY COMMITMENT
<br /> A. 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
<br /> the 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
<br /> 48
<br />
|