|
SAN LEANDRO REDEVELOPMENT AGENCY
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2011
<br />NOTE 7 - LONG - TERM OBLIGATIONS (Continued)
<br />At June 30, 2011, future debt service requirement for the 2001 Certificates of Participation were as
<br />follows:
<br />For The Year
<br />Ending June 30 Principal Interest Total
<br />2012
<br />$165,000
<br />$181,375
<br />$346,375
<br />2013
<br />170,000
<br />174,423
<br />344,423
<br />2014
<br />180,000
<br />166,937
<br />346,937
<br />2015
<br />185,000
<br />158,860
<br />343,860
<br />2016
<br />195,000
<br />150,115
<br />345,115
<br />2017 -2021
<br />1,120,000
<br />595,653
<br />1,715,653
<br />2022 -2026
<br />1,430,000
<br />273,616
<br />1,703,616
<br />2027
<br />330,000
<br />8,415
<br />338,415
<br />$3,775,000
<br />$1,709,394
<br />$5,484,394
<br />2002 Tax Allocation Bonds - (Plaza Project Area)
<br />The Tax Allocation Bonds were issued by the Redevelopment Agency to refund 1993 Tax Allocation
<br />Bonds used to finance the redevelopment activities within the Plaza Project Area (which have been
<br />completed) and to finance new redevelopment activities within the Plaza Area (which have been
<br />completed) and to finance new redevelopment projects as set forth in the Redevelopment Plan. The
<br />bonds consist of serial bonds in the amount of $15,935,000 that mature annually though 2033 in
<br />amounts ranging from $305,000 to $860,000. Interest rates vary from 2.90% to maximum of 5.95%
<br />and are payable semiannually on September 1 and March 1. The debt is secured and payable from the
<br />property tax increment revenues from the Plaza Area within the City.
<br />At June 30, 2011, future debt service requirement for the 2002 Tax Allocation Bonds were as follows:
<br />For The Year
<br />Ending June 30 Principal
<br />2012
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017 -2021
<br />2022 -2026
<br />2027 -2031
<br />2032 -2033
<br />$605,000
<br />635,000
<br />670,000
<br />705,000
<br />745,000
<br />3,685,000
<br />2,355,000
<br />2,635,000
<br />955,000
<br />$12,990,000
<br />Interest Total
<br />$728,413
<br />$1,333,413
<br />697,095
<br />1,332,095
<br />663,482
<br />1,333,482
<br />627,380
<br />1,332,380
<br />588,583
<br />1,333,583
<br />2,270,659
<br />5,955,659
<br />1,433,851
<br />3,788,851
<br />688,650
<br />3,323,650
<br />57,450
<br />1,012,450
<br />$7,755,563
<br />$20,745,563
<br />38
<br />
|