Page 258 - Southlake FY24 Budget

SUMMARY OF SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
PRINCIPAL AND INTEREST REQUIREMENTS

2024 REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE

2016 Sales Tax Revenue Bonds 1,150,000 589,700 1,739,700 February 2036
2017 Sales Tax Revenue Bonds 470,000 232,856 702,856 February 2036

Net CEDC Debt Service Requirements 1,620,000 822,556 2,442,556

Debt Service
TOTAL REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds $18,625,000 $3,958,525 $22,583,525 February 2036
2017 Sales Tax Revenue Bonds 7,535,000 1,605,416 9,140,416 February 2036
Net CEDC Debt Service Requirements 26,160,000 5,563,941 31,723,941

INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL
REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES

258 FY 2024 City of Southlake | Budget Book