Page 265 - Southlake FY23 Budget
P. 265
DEBT SERVICE FUnDS ExPEnDITURES
SUMMARY OF SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
PRINCIPAL AND INTEREST REQUIREMENTS
2023 REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds 1,090,000 645,700 1,735,700 February 2036
2017 Sales Tax Revenue Bonds 450,000 253,506 703,506 February 2036
Net CEDC Debt Service Requirements 1,540,000 899,206 2,439,206
TOTAL REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds $19,715,000 $4,604,225 $24,319,225 February 2036
2017 Sales Tax Revenue Bonds 7,985,000 1,858,922 9,843,922 February 2036
Net CEDC Debt Service Requirements 27,700,000 6,463,147 34,163,147
INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL
REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES
264 FY 2023 City of Southlake | BUDGET BOOK
WWW.CITYOFSOUTHLAKE.COM
