FY27 Proposed Budget

2018A General Obligation Bonds Principal: $8,895,000 Dated: June 1, 2018 Callable: June 1, 2024

Principal Outstanding Beginning of Fiscal Year

Payments

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

2026 2027 2028

940,000 960,000 980,000

86,400 1,026,400 58,200 1,018,200 29,400 1,009,400

1,026,400 1,018,200 1,009,400

2,880,000 2.50% 1,940,000 2.60% 980,000 2.65%

Totals

2,880,000

174,000 3,054,000

3,054,000

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

Project

Amount

$ 150,000

City Hall Remodel for MPOJC Public Works Maintenance Facility West Riverbank Stabilization Riverfront Crossings Park Development

700,000 680,000 200,000 650,000 168,500 205,000 750,000 150,000 241,500 5,000,000

Creekside Park Redevelopment Cardigan Park Development Dubuque Street Reconstruction

Riverside Drive Streetscape Improvements Gilbert Street Intersection Improvements Rochester Ave Sidewalk Infill Project

Issuance Costs

Amount of Issue

$ 8,895,000

383