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HomeMy WebLinkAbout2004 11 08 Informational 305 COMMISSION AGENDA ITEM 305 CONSENT INFORMATIONAL X PUBLIC HEARING REGULAR November 8, 2005 Meeting MGR ~PT @) Authorization REQUEST: The Finance Department wishes to update the Commission on the City's outstanding debt as requested by Commissioner Blake at the September 27, 2004 Commission Meeting. PURPOSE: The purpose of this request is to update the City Commission on the City's outstanding debt. Attached are schedules containing the debt service requirements for the City's outstanding debt instruments. CONSIDERATIONS: N/A FUNDING: N/ A RECOMMENDATION: N/A ATTACHMENTS: 1. Debt Service Schedules (3 pages) COMMISSION ACTION: City of Winter Springs Notes - Annual Debt Service Oak Forest Financing Capital Projects LOC Disaster Relief LOC Bank of America 6/2/04 SunTrust 3/1/04 Bank of America 9/30/04 TOTAL I Pnnclpal Interest Pnnclpal Interest Pnnclpal Interest Pnncipal Interest 2004 0 0 15,093 1,162 15,093 1,162 2005 63,860 23,140 59,618 5,402 5,000,000 100,000 5,123,479 128,541 2006 30,483 21,517 58,698 6,322 89,182 27,838 2007 31,797 20,203 58,940 6,080 90,737 26,283 2008 33,117 18,883 60,383 4,637 93,499 23,521 2009 34,595 17,405 47,384 1,381 81,979 18,786 2010 36,086 17,116 36,086 17,116 2011 30,065 21,935 30,065 21,935 2012 30,087 21,913 30,087 21,913 2013 32,262 19,738 32,262 19,738 2014 34,594 17,406 34,594 17,406 2015 37,095 14,905 37,095 14,905 2016 39,776 12,224 39,776 12,224 2017 42,652 9,348 42,652 9,348 2018 45,735 6,265 45,735 6,265 2019 53,704 2,959 53,704 2,959 2020 0 0 2021 0 0 2022 0 0 2023 0 0 2024 0 0 2025 0 0 2026 0 0 2027 0 0 2028 0 0 2029 0 0 2030 0 0 575,907 244,958 300,117 24,983 5,000,000 100,000 5,876,024 369,941 5,876,024 369,941 U:\docs\Bonds & Loans\Notes - Cash Flow 110304 info agenda for Cmr Blake.xls Cash Flow 11/3/2004 4:43 PM 1 of 1 Series 2002 (Central Winds Series 2001 (TLBD) Park) Series 1999 Series 2003 Special Assessment Limited General Obligation Improvement Refunding Improvement Refunding Revenue Bonds dated Refunding Revenue Bonds Revenue Bonds dated Revenue Bonds dated 5/1/01 dated 2/1/02 7/1/99 7/1/03 City of Winter Springs Bonds - Annual Debt Service Principal Interest Principal Interest 1999 2000 2001 0 46,564 2002 40,000 111,754 0 66,804 2003 45,000 110,394 65,000 160,330 2004 45,000 108,796 65,000 159,030 2005 45,000 107,131 65,000 157,438 2006 50,000 105,399 65,000 155,553 2007 50,000 103,174 70,000 153,473 2008 55,000 100,949 70,000 151,023 2009 55,000 98,501 75,000 148,433 2010 55,000 96,054 75,000 145,508 2011 60,000 93,606 80,000 142,508 2012 65,000 90,936 85,000 139,208 2013 65,000 87,979 85,000 135,638 2014 70,000 84,761 90,000 131,069 2015 70,000 81,296 95,000 126,231 2016 75,000 77,831 100,000 121,125 2017 80,000 74,119 105,000 115,750 2018 85,000 70,019 115,000 110,500 2019 90,000 65,663 120,000 104,750 2020 90,000 61,050 125,000 98,750 2021 95,000 56,438 130,000 92,500 2022 100,000 51,450 135,000 86,000 2023 105,000 46,200 145,000 79,250 2024 115,000 40,688 150,000 72,000 2025 120,000 34,650 160,000 64,500 2026 125,000 28,350 165,000 56,500 2027 130,000 21,788 175,000 48,230 2028 140,000 14,963 185,000 39,500 2029 145,000 7,613 195,000 30,250 2030 200,000 20,500 2031 210,000 10,500 PrincIpal 165,000 200,000 220,000 240,000 390,000 415,000 440,000 470,000 270,000 55,000 75,000 95,000 115,000 135,000 150,000 175,000 195,000 210,000 235,000 250,000 417,881 393,797 371,765 350,893 331 ,130 312,413 295,456 278,677 263,517 248,485 234,957 Interest 51,598 201,030 194,030 185,230 175,390 158,815 140,763 121,183 99,798 87,378 84,793 81,193 76,538 70,673 63,788 55,913 46,725 36,488 25,463 13,125 857,119 881 ,204 903,236 924,107 943,870 962,587 979,544 996,323 1,011,483 1,026,515 1,040,043 Principal 145,000 150,000 150,000 380,000 625,000 645,000 660,000 685,000 700,000 725,000 750,000 775,000 800,000 825,000 855,000 Interest 69,484 277 ,935 275,035 272,035 269,035 259,535 243,910 226,173 206,373 185,823 163,073 137,698 113,698 88,123 60,923 31,635 2,265,000 2,078,113 3,400,000 3,122,847 7.998,970 12,495,938 8,870,000 2,880,484 U:\docs\Bonds & Loans\Bonds - Cash Flow 110304 info agenda for Cmr Blake,xls Cash Flow 11/3/2004 4:42 PM 1 of 2 Governmental Activities Principal 165,000 200,000 220,000 280,000 500,000 670,000 700,000 735,000 770,000 805,000 850,000 885,000 940.000 985,000 1,025,000 1,085,000 1,135,000 1,185,000 1,245,000 1,305,000 627,881 608,797 596,765 585,893 581,130 577,413 575,456 568,677 568,517 573,485 574,957 200,000 210,000 Interest 51,598 201,030 240,594 363,788 515,598 704,576 680,366 654,169 625,479 598,884 575,636 548,926 519,024 486,639 450,476 409,440 367,950 323,566 276,254 225,279 1,027,531 1,041,004 1,052,173 1,061,557 1,069,320 1,075,274 1,078,694 1,081,173 1,081,501 1,080,978 1,077,906 20,500 10,500 22,533,970 20,577,382 22,533,970 20,577,382 Series 2000 Series 2001 Series 2002 Water & Sewer Refunding Water & Sewer Refunding Water & Sewer Refunding Revenue Bonds dated Revenue Bonds dated Revenue Bonds dated 10/1100 7/1/01 11/15/01 Principal Interest Principal Interest Principal Interest 1999 2000 2001 169,843 69,248 2002 30,000 169,843 200,000 276,990 542,260 2003 40,000 168,493 200,000 268,990 550,000 609,515 2004 35,000 166,693 215,000 260,990 565,000 592,790 2005 40,000 165,118 225,000 252,390 585,000 574,078 2006 45,000 163,278 230,000 243,390 605,000 553,555 2007 55,000 161,208 240,000 234,190 620,000 531,800 2008 50,000 158,678 255,000 224,590 650,000 507,330 2009 60,000 156,303 255,000 214,390 675,000 480,830 2010 65,000 153,453 270,000 203,871 700,000 452,893 2011 70,000 150,203 275,000 192,396 725,000 423,049 2012 65,000 146,703 300,000 180,296 760,000 391,018 2013 75,000 143,388 310,000 166,646 795,000 356,505 2014 85,000 139,563 320,000 152,308 830,000 319,528 2015 80,000 135,100 345,000 137,268 865,000 277,731 2016 90,000 130,900 355,000 120,708 910,000 231,138 2017 95,000 125,950 375,000 103,313 965,000 183,125 2018 100,000 120,725 390,000 84,750 1,010,000 133,750 2019 105,000 115,225 415,000 65,250 1,060,000 82,000 2020 115,000 109,450 435,000 44,500 1,110,000 27,750 2021 397,498 1,045,627 455,000 22,750 2022 522,638 1,455,488 2023 490,931 1,487,194 2024 460,950 1,517,175 2025 432,638 1,545,488 2026 405,919 1,572,206 2027 382,688 1,595,438 2028 360,788 1,617,338 2029 340,144 1,637,981 2030 1,875,000 103,125 2031 6,969,191 16,527,169 6,065,000 3,519,219 13,980,000 7,270,643 U:\docs\Bonds & Loans\Bonds - Cash Flow 110304 info agenda for Cmr Blake.xls Cash Flow 11/3/2004 4:42 PM 2 of 2 Business-Type Activities Principal Interest o o o 230,000 790,000 815,000 850,000 880,000 915,000 955,000 990,000 1,035,000 1,070,000 1,125,000 1,180,000 1,235,000 1,290,000 1,355,000 1,435,000 1,500,000 1,580,000 1,660,000 852,498 522,638 490,931 460,950 432,638 405,919 382,688 360,788 340,144 1,875,000 o o o 239,090 989,093 1,046,997 1,020,472 991,585 960,222 927,197 890,597 851,522 810,216 765,647 718,016 666,538 611,398 550,099 482,745 412,388 339,225 262,475 181,700 1,068,377 1,455,488 1,487,194 1,517,175 1,545,488 1,572,206 1,595,438 1,617,338 1,637,981 103,125 o 27,014,191 27,317,031 27,014,191 27,317,031