Laserfiche WebLink
SUBJECT: RETIREMENT OF GENERAL OBLIGATION LIBRARY BONDS AND OTHER <br />FINANCING OPPORTUNITIES <br />DATE: DECEMBER 16, 2015 PAGE 4 OF 4 <br />Sales Tax Mill Increase to <br />Rate to Levy to Annual <br />Approx Support Sales Support Property <br />Debt Annual Annual Tax Annual Tax On <br />Issuance Debt Debt On Debt $500,000 <br />Amount Service Service $100 Service Residence <br />10000000 641.000 0.169% 017 1.11 43.99 <br />15000000 962.000 0.337% 0.34 1.66 66.01 <br />20000000 1.283000 0.449% 0.45 2.21 88.04 <br />25000000 1.604.000 0.561% 0.56 2.77 110.07 <br />30000000 1924000 0.673% 0.67 3.32 132.03 <br />40000000 2.566.000 0.898% 0.90 4.42 176.08 <br />50.000.000 3.207.000 1.123% 1.12 5.53 220.07 <br />Assumptions. <br />• Interest Rate or? Bonds = 2.500% <br />• Term of Bonds (in Years) = 20 <br />• City Taxable Safes = 380,000,000 <br />• City Wet Assessed Valuation = 580,000,000 <br />Attachments: 1) Sales Tax Rate Comparison <br />RECREATION CENTER TASK FORCE <br />COMMUNICATION <br />7 <br />