Sarasota County, Florida Notes to Financial Statements September 30, 2023 The Limited Ad Valorem Tax Refunding Bond (Bank Term Loan), which is secured by a pledge of the Limited Ad Valorem Tax Revenues, outstanding at year-end was as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Infrastructure Sales Surtax Revenue Note, Series 2020 (Bank Term Loan) To finance the acquisition, construction and equipping of improvements to the South County Courts and R.L. Anderson Building Remodel. 2024 0.82% $3,045,000 $ 9,070,000 $ 3,045,000 Total Infrastructure Sales Surtax Revenue Notes - Governmental Activities $ 3,045,000 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Limited Ad Valorem Tax Refunding Bond (Environmentally Sensitive Lands and Parkland Program), Series 2014 (Bank Term Loan) To advance refund a portion of the Countys Limited Ad Valorem Tax Bonds (Environmentally Sensitive Lands and Parkland Program), Series 2008, maturing on or after October 1, 2019 2029 2.70% $6,445,000 to 7,345,000 $ 70,740,000 41,340,000 $ Total Limited Ad Valorem Tax Bonds - Governmental Activities $ 41,340,000 124
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