Laserfiche WebLink
Debt Service and Financial Obligations <br />Description of Bonds and Notes <br />2003 Sales Tax Revenue Refunding Bonds <br />Year Interest AmountPrincipal AmountTotal PaymentPrincipal Balance <br />These bonds were issued in 2003 at a face amount of $3,830,000 at 2.0% to 3.5% interest. The bonds were used for <br />refunding the City's 1993 Sales Tax Revenue Bonds which were issued to finance certain capital improvements for <br />the City including a library facility, a Ci ty recreation center, and various other capi tal projects. The source of payment <br />for the bonds comes from one-cent of the City's three and one-half cents sales tax. <br />2011 855,000 <br />2012 29,925 420,000 449,925 435,000 <br />2013 15,225 435,000 450,225 - <br />Total $45,150 $855,000 $900,150 <br />9