AgdaPkt 2012-12-03 - Laserfiche WebLink

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8.B. - Page 33 Scheduled Debt Service The following is the debt service schedule for the Bonds, assuming no redemption of Bonds prior to their respective maturities, except from mandatory sinking fund payments: Period Ending September 1 Principal Interest Total Debt Service 2013 $ $ $ 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Totals $ $ $ SECURITY FOR THE BONDS General Pursuant to the Fiscal Agent Agreement, the Bonds are secured by a pledge of, and first lien on, all of the Special Tax Revenues (except for the Annual Administrative Expense Deposit) and all moneys deposited in the Bond Fund, the Reserve Fund and, until disbursed in accordance with the Fiscal Agent Agreement, the Special Tax Fund. The Special Tax Revenues (except for the Annual Administrative Expense Deposit) and all moneys deposited into said funds (except as otherwise provided in the Fiscal Agent Agreement) are dedicated to the payment of the principal of, and interest and any premium on, the Bonds in accordance with the Fiscal Agent Agreement until all of the Bonds have been paid or defeased. "Special Tax Revenues," as defined in the Fiscal Agent Agreement, means the proceeds of the Special Taxes received by the City, including any scheduled payments and any prepayments thereof, interest and penalties thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes. "Annual Administrative Expense Deposit," as defined in the Fiscal Agent Agreement, means, in each Fiscal Year, an amount of Special Taxes initially equal to $31,706.00; increasing, commencing in Fiscal Year 2013/14 and in each Fiscal Year thereafter, by an amount equal to two percent (2%) of the Annual Administrative Expense Deposit for the previous Fiscal Year. -11-