Page 311 - City of Westlake FY20 Budget
P. 311
Debt Service Fund 301
Property Tax Supported Debt
MUNICIPAL
Street Infrastructure Improvements
SERIES 2011 CO GRAND TOTAL
Pymt Fiscal Program 11
Principal Interest TOTAL
No. Year Principal Interest Total
1 2020 $ 87,000 $ 32,316 $ 119,316 $ 418,350 $ 289,971 $ 708,321
2 2021 91,000 30,180 121,180 427,350 241,293 668,643
3 2022 96,000 27,936 123,936 441,250 226,524 667,774
4 2023 101,000 25,572 126,572 455,700 216,247 671,947
5 2024 106,000 23,088 129,088 464,600 201,618 666,218
6 2025 111,000 20,484 131,484 479,600 195,714 675,314
7 2026 117,000 17,748 134,748 508,950 175,861 684,811
8 2027 123,000 14,868 137,868 514,400 164,468 678,868
9 2028 129,000 11,844 140,844 529,300 148,544 677,844
10 2029 136,000 8,664 144,664 483,100 36,564 519,664
11 2030 143,000 5,316 148,316 503,450 19,866 523,316
12 2031 150,000 1,800 151,800 519,350 7,450 526,800
13 2032 ‐ ‐ ‐ 375,000 ‐ 375,000
14 2033 ‐ ‐ ‐ 280,350 94,650 375,000
15 2034 ‐ ‐ ‐ 293,700 81,300 375,000
16 2035 ‐ ‐ ‐ 307,050 67,950 375,000
17 2036 ‐ ‐ ‐ 320,400 54,600 375,000
18 2037 ‐ ‐ ‐ 329,300 45,700 375,000
19 2038 ‐ ‐ ‐ 342,650 32,350 375,000
20 2039 ‐ ‐ ‐ 356,000 19,000 375,000
21 2040 ‐ ‐ ‐ 369,350 5,650 375,000
22 2041 ‐ ‐ ‐ 375,000 ‐ 375,000
23 2042 ‐ ‐ ‐ 375,000 ‐ 375,000
24 2043 375,000 ‐ 375,000
TOTAL $ 1,390,000 $ 219,816 $ 1,609,816 $ 9,844,200 $ 2,325,319 $ 12,169,519
Issued By: Independent Bank
Account No: ML‐0000‐90886
Original Issue: $2,095,000
Issue Date: March 2011
End Date: 20 years = 2031
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