FY27 Proposed Budget

2019A General Obligation Bonds Principal: $12,535,000 Dated: June 4, 2019 Callable: June 1, 2025

Principal Outstanding Beginning of Fiscal Year

Payments

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

2026 2027 2028 2029

905,000 940,000 960,000 960,000

80,100

985,100

985,100

3,765,000 2.00% 2,860,000 2.00% 1,920,000 2.25% 960,000 2.25%

62,000 1,002,000 43,200 1,003,200

1,002,000 1,003,200

21,600

981,600

981,600

Totals

3,765,000

206,900 3,971,900

3,971,900

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

Project

Amount

$ 400,000

City Hall boiler and controls replacement

270,000 950,000 477,000 800,000

West Riverbank Stabilization

Riverfront Crossings Park Development

Highway 1 Sidewalk/Trail

Willow Creek/Kiwanis Park Improvements

3,650,000

Pedestrian Mall Reconstruction

850,000

Lower City Park Adventure Playground McCollister Blvd - Gilbert to Sycamore Prentiss Street Bridge Replacement

4,410,000

555,000 173,000

Issuance Costs

Amount of Issue

$ 12,535,000

384