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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2014
<br />NOTE 7 - LONG-TERM DEBT (Continued)
<br />2012 Fire Truck Lease
<br />On November 9, 2011, the City entered into a Lease/Purchase Agreement with Oshkosh Capital to
<br />Lease/Purchase Equipment in the amount of $971,090. The Equipment was for the Fire Department's
<br />2010 Triple Combination Pumper Truck. The interest is 2.20% payable over five years.
<br />At June 30, 2014, future debt service requirements for the 2012 Lease Purchase Agreement follows:
<br />For The Year
<br />$ 131,000
<br />2016
<br />131,000
<br />Ending June 30
<br />Principal
<br />Interest
<br />Total
<br />2019
<br />2015
<br />$ 194,126
<br />$ 13,096
<br />$ 207,222
<br />2016
<br />198,397
<br />8,825
<br />207,222
<br />2017
<br />202,762
<br />4,461
<br />207,223
<br />$ 595,285
<br />$ 26,382
<br />$ 621,667
<br />HUD 108 Guarantee Loan - Senior Center
<br />In 2011, the City received a $2,500,000 20 -year federal loan from HUD, at an interest rate of 3% to finance
<br />the acquisition and construction of senior center facility within the City of San Leandro. The loan is secured
<br />and payable from the Community Development Block Grant Fund.
<br />At June 30, 2014 future debt service requirements for the HUD 108 Guarantee loan follows:
<br />For The Year
<br />Ending June 30 Principal
<br />2015
<br />$ 131,000
<br />2016
<br />131,000
<br />2017
<br />131,000
<br />2018
<br />131,000
<br />2019
<br />131,000
<br />2020-2024
<br />660,000
<br />2025-2029
<br />660,000
<br />2030
<br />132,000
<br />2,911
<br />$ 2,107,000
<br />CZ!
<br />Interest
<br />Total
<br />$ 73,037
<br />$ 204,037
<br />70,417
<br />201,417
<br />67,233
<br />198,233
<br />63,584
<br />194,584
<br />59,635
<br />190,635
<br />230,023
<br />890,023
<br />99,450
<br />759,450
<br />2,911
<br />134,911
<br />$ 666,290
<br />$ 2,773,290
<br />
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