Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Utility System Revenue Bond Issues - Descriptions September 30, 2020 Original Authorization Utility System Revenue Refunding Bonds, Series 2011A $ 16,000,000 Utility System Revenue Refunding Bonds, Series 2011B $ 5,500,000 Utility System Revenue Bonds, Series 2013 $ 40,000,000 Utility System Revenue Bonds, Series 2016A $ 22,000,000 Issued 13,425,000 4,435,000 35,600,000 18,590,000 Retirements and Defeasances 1,320,000 3,440,000 4,340,000 - Balance Outstanding on September 30, 2020 $ 12,105,000 $ 995,000 $ 31,260,000 $ 18,590,000 Date of Issue November 3, 2011 November 3, 2011 December 13, 2013 June 21, 2016 Maturity Range 2021-2030 2021-2022 * 2021-2033 ** 2034-2043 2041-2043 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/ Maturities 4.00% / 2021 5.00% / 2022-2027 4.00% / 2028-2029 4.13% / 2030 3.25% / 2021-2022 *5.00% / 2021-2033 **5.00% / 2034-2038 **4.50% / 2039-2043 4.00% / 2041-2043 Call Feature 2022-2030 / 100.00 2022 / 100.00 2024-2043 / 100.00 2026-2043 / 100.00 Paying Agent U.S. Bank National Association New York, NY U.S. Bank National Association New York, NY U.S. Bank National Association New York, NY U.S. Bank National Association New York, NY Principal Repayment Type(s) Serial Bonds Serial Bonds *Serial Bonds **Term Bonds Term Bond 336