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REDEVELOPMENT AGENCY OF SAN LEANDRO
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDED JUNE 30, 2007
<br />8. LONGTERM OBLIGATIONS
<br />A summary of changes in long-term debt for the year ended June 30, 2007, is as follows:
<br />Balance Balance Current Long-Term
<br />June 30, 2006 Additions Retirement June 30, 2007 Portion Portion
<br />2004 Tax Allocation Bonds $ 5,500,000 $ - $ - $ 5,500,000 $ - $ 5,500,000
<br />2001 Certificates of Participation 4,500,000 - (135,000) 4,365,000 140,000 4,225,000
<br />2002 Tax Allocation Bonds 15,315,000 - (330,000) 14,985,000 345,000 14,640,000
<br />Bay Fair Mall Debt 1,850,000 - (300,000) 1,550,000 300,00(1 1,250,000
<br />HUD 108 Guarantee 874,000 - (63,000) 811,000 63,000 748,000
<br />Owner Participation Agreements 3,406,61 l - (466,591) 2,940,020 3 13,050 2,626,970
<br />Total 31,445,611 - (1,294,591) 30,151,020 1,]61,050 28,989,970
<br />Less unamortized:
<br />Discount (90,357) - 4,107 (86,250) (4,107) (82,143)
<br />Premium (10,987) - 10,987 - -
<br />Totalnet ofdiscount $ 31,344,267 $ - $ (],279,497) $30,064,770 $ 1,]56,943 $ 28,907,827
<br />8. LONGTERM OBLIGATIONS (Continued)
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