Sarasota County Consolidated Major Revenue and Debt Report 2019

$10,044,000 BANK TERM REVENUE NOTE, SERIES 2014A Amount Outstanding: $5,010,000 FY2020 Debt Service: Principal - $959,000 Interest - $132,765 Maturity Date: October 1, 2024 Interest Rate: 2.55% Purpose: The $10,044,000 Bank Term Revenue Note, Series 2014A dated February 14, 2014 was issued to finance or refinance all or a portion of the costs of the acquisition and construction of certain improvements to Bee Ridge Road. Pledge: The Series 2014A Note is secured by a lien upon and a pledge of the Non-Ad Valorem Revenues actually budgeted and appropriated, including income from investment of net revenues. $17,690,000 COMMUNICATION SERVICES TAX REVENUE REFUNDING NOTE, SERIES 2014 Amount Outstanding: $11,010,000 FY2020 Debt Service: Principal - $1,730,000 Interest - $299,472 Maturity Date: October 1, 2025 Interest Rate: 2.72% Purpose: The $17,690,000 Communication Services Tax Revenue Refunding Note, Series 2014 dated July 17, 2014 was issued to advance refund a portion of the County’s Communications Services Tax Revenue Bonds, Series 2005A and 2005B. Pledge: The Series 2014 Note is secured by a pledge of the revenues from the Communications Services Tax. 40 Consolidated Major Revenue & Debt Report 2019 2019 INDEBTEDNESS