Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Revenue Bond Issues - Descriptions September 30, 2020 Second Guaranteed Infrastructure Sales Infrastructure Sales Capital Entitlement Surtax Revenue Surtax Revenue Improvement Revenue Bonds, Refunding Bonds, Refunding Bonds, Revenue Bonds, Series 2013 Series 2014 Series 2015 Series 2017 Original Authorization $ 19,000,000 $ 46,000,000 $ 42,000,000 $ 22,000,000 Issued 17,245,000 37,355,000 33,490,000 21,625,000 Retirements and Defeasements 2,475,000 14,460,000 10,245,000 1,295,000 Balance Outstanding on September 30, 2020 $ 14,770,000 $ 22,895,000 $ 23,245,000 $ 20,330,000 Date of Issue October 2, 2013 October 16, 2014 March 25, 2015 December 21, 2017 Maturity Range *2021-2034 2021-2024 2021-2024 *2021-2032 **2035-2043 **2033-2047 Principal Payment Dates October 1 October 1 October 1 October 1 Interest Payment Dates April-October April-October April-October April-October Denominations $5,000 $5,000 $5,000 $5,000 Interest Rates/ *3.00% / 2021-2022 5.00% / 2021-2024 4.00% / 2021 *2.47% / 2021 Maturities *3.25% / 2023 5.00% / 2022-2024 *2.62% / 2022 *3.50% / 2024 *2.72% / 2023 *3.75% / 2025 *2.82% / 2024 *4.00% / 2026 *2.90% / 2025 *4.25% / 2027-2028 *3.00% / 2026 *4.50% / 2029-2030 *3.10% / 2027 *4.75% / 2031-2034 *3.20% / 2028 **5.00% / 2038 *3.30% / 2029 **5.00% / 2043 *3.37% / 2030 *3.45% / 2031 *3.50% / 2032 **3.60% / 2037 **3.67% / 2042 **3.72% / 2047 Call Feature 2024-2043 / 100.00 - - 2028-2047 / 100.00 Paying Agent US Bank Trust U.S. Bank U.S. Bank U.S. Bank National Association National Association National Association National Association New York, NY New York, NY New York, NY New York, NY Principal Repayment Type(s) *Serial Bonds Serial Bonds Serial Bonds *Serial Bonds **Term Bonds **Term Bonds 332