FY27 Proposed Budget

2016A General Obligation Bond Issue Principal: $8,795,000 Dated: June 16, 2016 Callable: June 1, 2024

Principal Outstanding Beginning of Fiscal Year

Payments

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

-

2026

1,035,000

20,700 1,055,700

1,055,700

1,035,000 2.00%

Totals

1,035,000

20,700 1,055,700

1,055,700

1,035,000

Principal payable June 1. Interest payable June 1 and December 1.

Project

Amount

Riverfront Crossings Redevelopment

$ 150,000

Riverfront Crossings Riverbank/Park Development

500,000 130,000 65,000 25,000 150,000 200,000 118,000 53,000 650,000

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 First Ave Three Lane Conversion Washington Street Reconstruction Fire/Police Storage Facility Relocation

1,546,222

275,000

4,133,666

700,000 99,112

Issuance Costs

$ 8,795,000

380