| |
Series 2017 Bonds
@ 2.77% Interest |
|
Year Ended
December.31 |
Principal |
Interest |
Total
Payment Due |
| 2018 |
$ 315,000 |
$ 199,440 |
$ 514,440 |
| 2019 |
325,000 |
190,715 |
515,715 |
| 2020 |
330,000 |
181,712 |
511,712 |
| 2021 |
340,000 |
172,571 |
512,571 |
| 2022 |
350,000 |
163,153 |
513,153 |
| 2023 |
360,000 |
153,458 |
513,458 |
| 2024 |
370,000 |
143,486 |
513,486 |
| 2025 |
380,000 |
133,237 |
513,237 |
| 2026 |
390,000 |
122,711 |
512,711 |
| 2027 |
400,000 |
111,908 |
511,908 |
| 2028 |
410,000 |
100,828 |
510,828 |
| 2029 |
425,000 |
89,471 |
514,471 |
| 2030 |
435,000 |
77,699 |
512,699 |
| 2031 |
450,000 |
65,649 |
515,649 |
| 2032 |
460,000 |
53,184 |
513,184 |
| 2033 |
475,000 |
40,442 |
515,442 |
| 2034 |
485,000 |
27,284 |
512,284 |
| 2035 |
500,000 |
13,850 |
513,850 |
|
$ 7,200,000 |
$ 2,040,798 |
$ 9,240,798 |
|
.... |
In 2004 and 2006, the District issued bonds totaling approximately $6.9 million and used the net cash proceeds to fund the construction of the infrastructure (e.g. streets, sidewalks, open spaces, utility lines, etc) within the Buffalo Mesa subdivision. In 2017, the District refinanced those bonds to a lower interest rate (from 5.00% on the old bonds to 2.77% on the new bonds).
The repayment schedule for the District's Bonds is provided on the left follows:
|