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REDEVELOPMENT AGENCY OF SAN LEANDRO
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDED JUNE 30, 2010
<br />8. LONG -TERM OBLIGATIONS
<br />A summary of changes in long -term debt for the year ended June 30, 2010, is as follows:
<br />Plus (Less) unamortized:
<br />Discount (2002 TAB) $ (78,036) $ $ 4,107 $ $ (73,929) $ (4,107) $ (69,822)
<br />Premium (2008 TAB) 195,656 (6,522) 189,134 6,522 182,612
<br />Total Long -Term Obligations, Net $ 57,073,838 $ $ (1,642,642) $ $ 55,431,196 $1,880,415 $ 53,550,781
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<br />Balance
<br />Balance
<br />Current
<br />Long -Term
<br />June 30, 2009 Additions
<br />Retirement Adjustment
<br />June 30, 2010
<br />Portion
<br />Portion
<br />2001 Certificates of Participation
<br />$ 4,080,000 $
<br />$ (150,000) $
<br />$ 3,930,000
<br />$ 155,000
<br />$ 3,775,000
<br />2002 Tax Allocation Bonds
<br />14,115,000
<br />(550,000)
<br />13,565,000
<br />575,000
<br />12,990,000
<br />2004 Tax Allocation Bonds
<br />5,405,000
<br />(100,000)
<br />5,305,000
<br />105,000
<br />5,200,000
<br />2008 Tax Allocation Bonds
<br />27,530,000
<br />(325,000)
<br />27,205,000
<br />475,000
<br />26,730,000
<br />Bay Fair Mall Debt
<br />950,000
<br />(250,000)
<br />700,000
<br />250,000
<br />450,000
<br />HUD 108 Guarantee
<br />685,000
<br />(63,000)
<br />622,000
<br />63,000
<br />559,000
<br />Owner Participation Agreements
<br />2,555,858
<br />(42,227)
<br />2,513,631
<br />95,000
<br />2,418,631
<br />San Leandro USD -9th Grade
<br />1,635,360
<br />(160,000)
<br />1,475,360
<br />160,000
<br />1,315,360
<br />Total
<br />56,956,218
<br />(1,640,227)
<br />55,315,991
<br />1,878,000
<br />53,437,991
<br />Plus (Less) unamortized:
<br />Discount (2002 TAB) $ (78,036) $ $ 4,107 $ $ (73,929) $ (4,107) $ (69,822)
<br />Premium (2008 TAB) 195,656 (6,522) 189,134 6,522 182,612
<br />Total Long -Term Obligations, Net $ 57,073,838 $ $ (1,642,642) $ $ 55,431,196 $1,880,415 $ 53,550,781
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