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Capital Improvements/Debt Service-Debt Service Fund
Amount
Issue
Amount
Issue
Purpose
Issued
Date
Outstanding
SPECIAL OBLIGATION BONDS
Solid Waste Disposal
Facilities
Solid Waste Transfer
Station & Improvements
$8,400,000
2005
$2,930,000
The special obligation debt is funding the 2005 construction of the Solid Waste Transfer Station and various improvement therein.
CERTIFICATES OF PARTICIPATION
Coliseum
Aquatic Center
$7,000,000
2010
$5,930,000
Certificates of participation issued for Coliseum expansion, including the Aquatic Center, will be repaid with Hotel/Motel Tax revenues.
Summary of Outstanding Debt Issues
As of June 30, 2016
Fiscal
Year
Principal
Interest
Total
16-17
680,000
$
146,500
$
826,500
$
17-18
715,000
112,500
827,500
18-19
750,000
76,750
826,750
19-20
785,000
39,250
824,250
TOTAL
$2,930,000 $375,000
$3,305,000
Fiscal
Year
Principal
Interest
Total
16-17
290,000
$
270,775
$
560,775
$
17-18
305,000 259,175
564,175
18-19
315,000 246,975
561,975
19-20
330,000 234,375
564,375
20-21
340,000 221,175
561,175
21-22
355,000 207,575
562,575
22-23
370,000 193,375
563,375
23-24
385,000 178,575
563,575
24-25
400,000 165,100
565,100
25-26
415,000 149,100
564,100
26-27
435,000 127,313
562,313
27-28
460,000 104,475
564,475
28-29
485,000
80,325
565,325
29-30
510,000
54,863
564,863
30-31
535,000
28,088
563,088
TOTAL
$5,930,000 $2,521,264
$8,451,264
ANNUAL SPECIAL OBLIGATION DEBT SERVICE REQUIREMENTS
ANNUAL CERTIFICATES OF PARTICIPATION DEBT SERVICE