2020 Consolidated Major Revenue and Debt Report

2020 INDEBTEDNESS Purpose: The $70,740,000 Limited Ad Valorem Tax Refunding Bond (Environmentally Sensitive Lands and Parkland Program), Series 2014 dated December 18, 2014 was issued for the purpose of refunding the Series 2008 Bonds maturing on or after October 1, 2019. This transaction had an aggregate diference in debt service of $5,901,676 and a net present value savings to the County of $4,899,018. Pledge: The Series 2014 Bonds are secured by a pledge of the Limited Ad Valorem Tax Revenues. $11,430,000 COMMUNICATIONS SERVICES TAX REVENUE REFUNDING NOTE, SERIES 2015 Amount Outstanding: $7,070,000 FY2021 Debt Service: Principal - $1,115,000 Interest - $155,540 Maturity Date: October 1, 2026 Interest Rate: 2.20% Purpose: The $11,430,000 Communications Services Tax Revenue Refunding Note, Series 2015 dated March 12, 2015 was issued to advance refund the Communications Services Tax Revenue Bonds, Series 2006 maturing on or after October 1, 2017. This transaction had an aggregate diference in debt service of $1,001,446 and a net present value savings to the County of $888,521. Pledge: The Series 2015 Note is secured by a pledge of the revenues from the Communications Services Tax. The Series 2015 Note is on parity with the Series 2014 Note. $50,290,000 UTILITY SYSTEM REVENUE REFUNDING NOTE, SERIES 2012 Amount Outstanding: $9,135,000 FY2021 Debt Service: Principal - $4,730,000 Interest - $149,604 Maturity Date: October 1, 2022 Interest Rate: 1.64% Purpose: The $50,290,000 Utility System Revenue Refunding Note, Series 2012 dated August 24, 2012 was issued to refund the Utility System Revenue Refunding Bonds, Series 2011D (Taxable) and refnancing certain loans to the Issuer from the Florida Department of Environmental Protection. Pledge : The Series 2012 Note is secured by a lien upon and pledge of the net revenues derived by the operation of the Utility System and from lawfully available Impact Fees. The Series 2012 Note is on parity with the Series 2011A and 2011B Bonds. $15,720,000 SUBORDINATE UTILITY SYSTEM REVENUE REFUNDING NOTE, SERIES 2012 Amount Outstanding: $6,230,000 FY2021 Debt Service: Principal - $1,320,000 Interest - $137,060 Maturity Date: October 1, 2025 Interest Rate: 2.20% Purpose: The $15,720,000 Subordinate Utility System Revenue Refunding Note, Series 2012 dated November 16, 2012 was issued to refnance all or a portion of certain loans to the County from the State of Florida Department of Environmental Protection or related entities related to the County’s water and sewer utility system. Pledge: The Series 2012 Note is secured by a lien upon and pledge of the net revenues derived by the operation of the Utility System and from lawfully available Impact Fees. $28,000,000 UTILITY SYSTEM REVENUE REFUNDING NOTE, SERIES 2015 Amount Outstanding: $13,230,000 FY2021 Debt Service: Principal - $3,200,000 Interest - $346,626 Maturity Date: October 1, 2024 Interest Rate: 2.62% 42 Consolidated Major Revenue & Debt Report 2020