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<br />REDEVELOPMENT AGENCY OF SAN LEANDRO
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<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDED JUNE 30, 2006
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<br />8. LONG-TERM OBLIGATIONS (Continued)
<br /> At June 30, 2006, future debt service requirements for the 2004 Tax Allocation Bonds were as follows:
<br /> For The Year
<br /> Ending June 30, Principal Interest Total
<br /> 2007 $ $ 304,740 $ 304,740
<br /> 2008 304,740 304,740
<br /> 2009 95,000 302,033 397,033
<br /> 2010 100,000 296,475 396,475
<br /> 2011 105,000 290,606 395,606
<br /> 2012-2016 620,000 1,353,962 1,973,962
<br /> 2017-2021 630,000 1,166,180 1,796,180
<br /> 2022-2026 985,000 924,621 1,909,621
<br /> 2027-2031 1,280,000 598,606 1,878,606
<br /> 2032-2033 1,685,000 164,594 ] ,849,594
<br /> Total debt service $ 5,500,000 $ 5,706,557 $ 11,206,557
<br /> 2001 Certificates ofPartic1pation - (Joint Project Area)
<br />
<br />In 2001, the Agency issued $5,020,000 principal amount of2001 Certificates of Participation (2001 COPs).
<br />The purpose of the 2001 COPs was to assist the Agency in financing redevelopment activities within the Join
<br />Proj ect Area. The certificates mature annually through 2027. Interest rates range from 2.10% to 5.10% and
<br />are paid semiannually on each December 1 and June I to finance the redevelopment activities within the
<br />Joint Project Area within the City. The debt is secured and payable from the property tax increment revenues
<br />from the Joint Project Area within the City.
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