FY2024 Proposed Budget
Interest 2016A General Obligation Bond Issue Principal: $8,795,000 Dated: June 16, 2016 Callable: June 1, 2024 Payments Property Tax Revenue Total
Principal Outstanding Beginning of Fiscal Year
Coupon Rate
Fiscal Year
Principal
-
2023 2024 2025 2026
965,000 985,000 1,010,000 1,035,000
89,550 60,600 40,900 20,700
1,054,550 1,045,600 1,050,900 1,055,700
1,054,550 1,045,600 1,050,900 1,055,700
3,995,000 3,030,000 2,045,000 1,035,000
3.00% 2.00% 2.00% 2.00%
Totals
3,995,000
320,300
5,265,300
5,265,300
Principal payable June 1. Interest payable June 1 and December 1.
Project
Amount
Riverfront Crossings Redevelopment
$
150,000 500,000 130,000 65,000 25,000 150,000 200,000 118,000 53,000 650,000
Riverfront Crossings Riverbank/Park Development
City Park Cabin Restoration City Park Pool Cabana Shelters Pheasant Hill Park Renovation
Happy Hollow Park Shelter & Bathroom Upgrades Hickory Hill Park & Trail Development Upgrade Building BAS Controls Mercer Aquatic & Scanlon Gym Improvements Mormon Trek Right Turn Lane & Three Lane Conversion 1st Ave/IAIS RR Crossing Grade Separation
1,546,222 275,000 4,133,666 700,000
First Ave Three Lane Conversion Washington Street Reconstruction Fire/Police Storage Facility Relocation
Issuance Costs
99,112
8,795,000 $
429
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