|
REDEVELOPMENT AGENCY OF SAN LEANDRO
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDED JUNE 30, 2007
<br />2004 Tas Allocation Bonds
<br />In 2004, the Agency issued $5,500,000 principal amount of 2005 Tax Allocation Bonds (2004 TABs). The
<br />purpose of the 2004 TABS was to assist the Agency to finance redevelopment activities within the West San
<br />Leandro/McArthurBou1evard Redevelopment Project Area of the City. The 20004 TABS bear interest rates
<br />ranging from 5.00% to 5.75% and are payable semiannually on each March 1 and September 1. Principal
<br />payments are payable annually on September 1. The debt is secured and payable from the tax increment
<br />revenues from the West San Leandro/MacArthur Boulevard Redevelopment Project area.
<br />At Tune 30, 2007, future debt service requirements for the 2004 Tax Allocation Bonds were as follows:
<br />For The Year
<br />Ending June 30, Principal
<br />2008 $ -
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013-2017
<br />2018-2022
<br />2023-2027
<br />2028-2032
<br />2033-2034
<br />95,000
<br />100,000
<br />105,000
<br />110,000
<br />655,000
<br />850,000
<br />1,090,000
<br />1,430,000
<br />1,065,000
<br />Interest Total
<br />$ 304,740 $ 304,740
<br />302,033 397,033
<br />296,475 396,475
<br />290,606 395,606
<br />284,425 394,425
<br />1,452,606 2,107,606
<br />1,123,350 1,973,350
<br />867,143 1,957,143
<br />520,024 1,950,024
<br />94,156 1,159,156
<br />Total debt sei°vice $ 5,500,000 $ 5,535,558 $ 11,035,558
<br />27
<br />
|