Page 314 - Southlake FY20 Budget
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Debt Service Funds Expenditures
SUMMARY OF SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
PRINCIPAL AND INTEREST REQUIREMENTS
2020 REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds 940,000 797,950 1,737,950 February 2036
2017 Sales Tax Revenue Bonds 400,000 283,956 683,956 February 2036
Net CEDC Debt Service Requirements 1,340,000 1,081,906 2,421,906
TOTAL REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds $22,685,000 $6,850,825 $29,535,825 February 2036
2017 Sales Tax Revenue Bonds 9,240,000 2,716,440 11,956,440 February 2036
Net CEDC Debt Service Requirements 31,925,000 9,567,265 41,492,265
INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL
REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES
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