Sarasota County, Florida Notes to Financial Statements September 30, 2023 Notes Payable from Direct Placements Business-type Activities There were two types of self-supporting revenue notes payable from direct placements outstanding at year-end: Utility System Revenue Refunding Notes and Solid Waste System Revenue and Refunding Notes. The Utility System Revenue Refunding notes, which are secured by a lien upon and pledge of net revenues derived from operation of the Countys Utility System and lawfully available impact fees, outstanding at year-end were as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount Utility System Revenue Bonds, Series 2023 To finance the design, acquisition, and construction of certain water utility assets of the Utility System 2053 5.00% 1,140,000 to 2,615,000 39,020,000 43,460,205 Total Self- Supporting Revenue Bonds - Business-type Activities $421,227,756 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount Utility System Revenue Refunding Note, Series 2015 To refund the Countys Utility System Revenue Refunding Bonds, Series 2005A, maturing on or after October 1, 2016 2024 2.62% $ 3,415,000 $ 28,000,000 $ 3,415,000 128
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