Page 624 - Bedford-FY24-25 Budget

CITY OF BEDFORD
SCHEDULE OF DEBT REQUIREMENTS
COMBINATION TAX & REVENUE CERTIFICATES OF OBLIGATION, SERIES 2023
STREETS IMPROVEMENTS

AMOUNT ISSUED: $2,470,000 DATED: June 22, 2023

YEAR
ENDED PRINCIPAL OUTSTANDING INTEREST TOTAL DEBT
9-30 PAYMENT DEBT PAYMENT PAYMENT

2024 $ 2,405,000

2025 80,000 2,325,000 107,831 187,831
2026 85,000 2,240,000 104,531 189,531
2027 90,000 2,150,000 101,031 191,031
2028 90,000 2,060,000 96,981 186,981
2029 95,000 1,965,000 92,356 187,356
2030 100,000 1,865,000 87,481 187,481
2031 105,000 1,760,000 82,356 187,356
2032 110,000 1,650,000 76,981 186,981
2033 115,000 1,535,000 71,356 186,356
2034 125,000 1,410,000 65,356 190,356
2035 130,000 1,280,000 58,981 188,981
2036 135,000 1,145,000 52,356 187,356
2037 145,000 1,000,000 45,356 190,356
2038 150,000 850,000 37,981 187,981
2039 155,000 695,000 31,131 186,131
2040 165,000 530,000 24,731 189,731
2041 170,000 360,000 18,031 188,031
2042 175,000 185,000 11,131 186,131
2043 185,000 - 3,816 188,816
2044 - - - -
2045 - - - -
2046 - - - -
2047 - - - -
2048 - - - -

$ 2,405,000 $ 1,169,778 $ 3,574,778