2020 Consolidated Major Revenue and Debt Report

$33,490,000 INFRASTRUCTURE SALES SURTAX REVENUE REFUNDING BONDS, SERIES 2015 Amount Outstanding: $23,245,000 FY2021 Debt Service: Principal - $5,435,000 Interest - $1,107,900 Maturity Date: October 1, 2024 Interest Rates: 4.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA; Fitch AA+ Purpose: The $33,490,000 Infrastructure Sales Surtax Revenue Bonds, Series 2015 dated March 25, 2015 were issued to advance refund the County’s Infrastructure Sales Surtax Revenue Bonds, Series 2008A maturing on or after October 1, 2019. This transaction had an aggregate diference in debt service of $1,917,286 and a net present value savings to the County of $1,688,755. Pledge: The Series 2015 Bonds are secured by a pledge of the Infrastructure Sales Surtax Revenues. The Series 2015 Bonds are on parity with the Series 2014 Bonds. $21,625,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2017 (Federally Taxable) Amount Outstanding: $20,330,000 FY2021 Debt Service: Principal - $485,000 Interest - $705,273 Maturity Date: October 1, 2047 Interest Rates: 2.47-3.72% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $21,625,000 Capital Improvement Revenue Bonds, Series 2017 dated December 21, 2017 were issued to fnance a portion of the cost of the acquisition and construction of a Major League Baseball spring training Facility, including practice felds and other ancillary facilities and/or to fnance or refnance certain other capital improvements within the County and/or to refnance a loan from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. Pledge: The Series 2017 Bonds are secured by the Half-Cent Sales Tax Revenues. $22,965,000 INFRASTRUCTURE SALES SURTAX REVENUE REFUNDING BONDS, SERIES 2018 Amount Outstanding: $15,075,000 FY2021 Debt Service: Principal - $3,490,000 Interest - $753,750 Maturity Date: October 1, 2024 Interest Rate: 5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $22,965,000 Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2018 dated May 8, 2018 were issued to refnance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission, the proceeds of which fnanced certain projects and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018 Bonds. Pledge: The Series 2018 Bonds are secured by a pledge of the Infrastructure Sales Surtax Revenues. The Series 2018 Bonds are on parity with the Series 2014 and 2015 Bonds. $18,015,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A Amount Outstanding: $17,390,000 FY2021 Debt Service: Principal - $335,000 Interest - $734,400 Maturity Date: October 1, 2047 Interest Rates: 3.50-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $18,015,000 Capital Improvement Revenue Refunding Bonds, Series 2018A dated May 8, 2018 were issued to refnance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission, the proceeds of which were used to fnance the costs of the acquisition, construction and equipping of the Sherif’s Ofce and Administrative Headquarters Facility, and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018A Bonds. Pledge: The Series 2018A Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2018A Bonds are on parity with the Series 2017 Bonds. SarasotaClerk.com 33