Sarasota County, Florida Notes to Financial Statements September 30, 2023 The Solid Waste System Revenue notes, which are secured by a lien upon and pledge of net revenues derived from operation of the County’s Solid Waste 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 Subordinate Utility System Revenue Refunding Note, Series 2021 To refinance the County’s loans from the State of Florida Department of Environmental Protection related to the County’s water and sewer Utility System and to refund the outstanding County Subordinate Utility System Revenue Refunding Note, Series 2012. 2036 1.54% 780,000 to 5,010,000 36,740,000 25,000,000 Total Utility System Revenue Notes - Business-type Activities $ 28,415,000 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount Solid Waste System Revenue Note, Series 2021 To finance the acquisition and construction of the County’s Central Solid Waste Phase III Landfill and other improvements to its Solid Waste System. 2040 2.15% $1,580,000 to 2,220,000 $ 31,975,000 $ 31,975,000 Total Solid Waste System Revenue Notes - Business-type Activities $ 31,975,000 Total Notes Payable from Direct Placements - Business-type Activities $ 60,390,000 129
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