2020 Consolidated Major Revenue and Debt Report

2020 INDEBTEDNESS $16,215,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018B Amount Outstanding: $13,240,000 FY2021 Debt Service: Principal - $1,375,000 Interest - $601,719 Maturity Date: October 1, 2034 Interest Rates: 3.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $16,215,000 Capital Improvement Revenue Refunding Bonds, Series 2018A dated June 12, 2018 were issued to refnance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018B Bonds. Pledge: The Series 2018B Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2018B Bonds are on parity with the Series 2017 and 2018A Bonds. $15,085,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2019A Amount Outstanding: $14,625,000 FY2021 Debt Service: Principal - $480,000 Interest - $688,800 Maturity Date: October 1, 2039 Interest Rates: 4.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $15,085,000 Capital Improvement Revenue Bonds, Series 2019A dated May 7, 2019 were issued to fnance the cost of the construction of a new Sherif’s Ofce Support Services Facility, to provide for Sherif’s vehicle maintenance and administrative support functions, and to pay certain costs and expenses incurred in connection with the issuance of the Series 2019A Bonds. Pledge: The Series 2019A Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2019A Bonds are on parity with the Series 2017, 2018A and 2018B Bonds. $19,385,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2019B Amount Outstanding: $18,335,000 FY2021 Debt Service: Principal - $885,000 Interest - $870,350 Maturity Date: October 1, 2040 Interest Rates: 4.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $19,385,000 Capital Improvement Revenue Refunding Bonds, Series 2019B dated June 5, 2019 were issued to advance refund all of the County’s outstanding Capital Improvement Bonds Series, 2010A, maturing on or after October 1, 2020, and all of the County’s outstanding Communications Services Tax Revenue Bonds, Series 2010, maturing on or after October 1, 2020, and to pay certain costs and expenses incurred in connection with the issuance of 34 Consolidated Major Revenue & Debt Report 2020