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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2014
<br />NOTE 17 — SUCCESSOR AGENCY ACTIVITIES (Continued)
<br />At June 30, 2014, future debt service requirements for the 2004 Tax Allocation Bonds were as follows:
<br />For The Year
<br />Ending June 30
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020-2024
<br />2025-2029
<br />2030-2034
<br />2035
<br />2008 Tax Allocation Bonds
<br />Principal
<br />$ 130,000
<br />140,000
<br />145,000
<br />155,000
<br />160,000
<br />935,000
<br />1,215,000
<br />1,595,000
<br />375,000
<br />$ 4,850,000
<br />Interest
<br />$ 263,887
<br />256,637
<br />249,337
<br />241,760
<br />233,728
<br />1,029,823
<br />741,419
<br />347,159
<br />10,781
<br />$ 3,374,531
<br />Total
<br />$ 393,887
<br />396,637
<br />394,337
<br />396,760
<br />393,728
<br />1,964,823
<br />1,956,419
<br />1,942,159
<br />385,781
<br />$ 8,224,531
<br />In 2008, $27,530,000 principal amount of 2008 Tax Allocation Bond (2008 TABS) was issued. The
<br />purpose of the 2008 TABs was to provide funds to finance capital projects in the Alameda County -City of
<br />San Leandro former Redevelopment Project Area. A portion of the 2008 TABS were used to finance
<br />projects that meet the goals and objectives set forth in the former Redevelopment Plan. These include,
<br />but not limited to, design and construction of a senior center, a proposed parking garage, and
<br />infrastructure improvements on East 14ffi Street. Interest rates vary from 4.70% to a maximum of 5.00%
<br />and are payable annually. Principal payments are payable annually on November 1.
<br />At June 30, 2014, future debt service requirements for the 2008 Tax Allocation Bonds were as follows:
<br />For The Year
<br />Ending June 30
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020-2024
<br />2025-2029
<br />2030-2034
<br />2035-2039
<br />Principal
<br />$ 550,000
<br />570,000
<br />595,000
<br />620,000
<br />645,000
<br />3,690,000
<br />4,660,000
<br />6,030,000
<br />7,835,000
<br />$ 25,195,000
<br />E:1I
<br />Interest
<br />$ 1,287,438
<br />1,259,437
<br />1,230,313
<br />1,199,938
<br />1,168,313
<br />5,337,607
<br />4,318,278
<br />2,949,788
<br />1,100,925
<br />$ 19,852,037
<br />Total
<br />$ 1,837,438
<br />1,829,437
<br />1,825,313
<br />1,819,938
<br />1,813,313
<br />9,027,607
<br />8,978,278
<br />8,979,788
<br />8,935,925
<br />$ 45,047,037
<br />
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