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Debt Service and Financial Obligations
<br />Description of Bonds and Notes
<br />Limited Tax General Obligation Recreation Center/Memory Square Bonds Series 2017
<br />On May 23, 2017, the City issued Limited Tax General Obligation Recreation Center/Memory Square Bonds
<br />Series 2017 in the amount of $27,215,000 at 2.0% to 4.0% to finance the construction of upgrades to the
<br />Recreation/Senior Center and Memory Square Park. The bonds are limited tax general obligation bonds of
<br />the City payable from the Limited Tax Levy levied on the taxable property located within the City and other
<br />available City funds. The current levy rate is 2.750 mills, not to exceed 3.350 mills.
<br />Year
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />2033
<br />2034
<br />2035
<br />2036
<br />2037
<br />2038
<br />2039
<br />2040
<br />2041
<br />2042
<br />Total
<br />Interest Amount
<br />1,006,600
<br />977,200
<br />946,600
<br />914,800
<br />881,800
<br />847,400
<br />811,600
<br />774,400
<br />735,800
<br />695,600
<br />653,800
<br />610,200
<br />565,000
<br />518,000
<br />469,000
<br />418,200
<br />365,200
<br />310,200
<br />253,000
<br />193,400
<br />131,400
<br />67,000
<br />13,146,200
<br />Principal Amount
<br />735,000
<br />765,000
<br />795,000
<br />825,000
<br />860,000
<br />895,000
<br />930,000
<br />965,000
<br />1,005,000
<br />1,045,000
<br />1,090,000
<br />1,130,000
<br />1,175,000
<br />1,225,000
<br />1,270,000
<br />1,325,000
<br />1,375,000
<br />1,430,000
<br />1,490,000
<br />1,550,000
<br />1,610,000
<br />1,675,000
<br />25,165,000
<br />Total Payment
<br />1,741,600
<br />1,742,200
<br />1,741,600
<br />1,739,800
<br />1,741,800
<br />1,742,400
<br />1,741,600
<br />1,739,400
<br />1,740,800
<br />1,740,600
<br />1,743,800
<br />1,740,200
<br />1,740,000
<br />1,743,000
<br />1,739,000
<br />1,743,200
<br />1,740,200
<br />1,740,200
<br />1,743,000
<br />1,743,400
<br />1,741,400
<br />1,742,000
<br />38,311,200
<br />Principal Balance
<br />25,165,000
<br />24,430,000
<br />23,665,000
<br />22,870,000
<br />22,045,000
<br />21,185,000
<br />20,290,000
<br />19,360,000
<br />18,395,000
<br />17,390,000
<br />16,345,000
<br />15,255,000
<br />14,125,000
<br />12,950,000
<br />11,725,000
<br />10,455,000
<br />9,130,000
<br />7,755,000
<br />6,325,000
<br />4,835,000
<br />3,285,000
<br />1,675,000
<br />16
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