Page 336 - Southlake FY22 Budget
P. 336
DEBT SErVICE FUnDS EXPEnDITUrES
SUMMARY OF SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
PRINCIPAL AND INTEREST REQUIREMENTS
2022 REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds 1,040,000 698,950 1,738,950 February 2036
2017 Sales Tax Revenue Bonds 435,000 269,106 704,106 February 2036
Net CEDC Debt Service Requirements 1,475,000 968,056 2,443,056
TOTAL REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds $20,755,000 $5,303,175 $26,058,175 February 2036
2017 Sales Tax Revenue Bonds 8,420,000 2,128,028 10,548,028 February 2036
Net CEDC Debt Service Requirements 29,175,000 7,431,203 36,606,203
INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL
REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES
BUDGET BOOK | FY 2022 City of Southlake 335
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