Page 323 - CityofSouthlakeFY26AdoptedBudget
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Debt Service
SUMMARY OF SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
PRINCIPAL AND INTEREST REQUIREMENTS
2026 REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds 1,260,000 475,500 1,735,500 February 2036
2017 Sales Tax Revenue Bonds 510,000 191,306 701,306 February 2036
Net CEDC Debt Service Requirements 1,770,000 666,806 2,436,806
TOTAL REQUIREMENTS
MATURITY
PRINCIPAL INTEREST TOTAL DATE
2016 Sales Tax Revenue Bonds $16,270,000 $2,838,000 $19,108,000 February 2036
2017 Sales Tax Revenue Bonds 6,575,000 1,161,353 7,736,353 February 2036
Net CEDC Debt Service Requirements 22,845,000 3,999,353 26,844,353
INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL
REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES
FY 2026 City of Southlake | Budget Book 323
