2020 Consolidated Major Revenue and Debt Report

Purpose: The $28,000,000 Utility System Revenue Refunding Note, Series 2015 dated July 7, 2015 was issued to refund the Utility System Revenue Refunding Bonds, Series 2005A. This transaction had an aggregate diference in debt service of $17,289,747 and a net present value savings to the County of $4,743,974. Pledge: The Series 2015 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 2015 Note is on parity with the Series 2011A, 2011B and 2013 Bonds and Series 2012 Note. $21,690,000 SOLID WASTE SYSTEM REVENUE REFUNDING NOTE, SERIES 2015 Amount Outstanding: $8,640,000 FY2021 Debt Service: Principal - $2,810,000 Interest - $216,000 Maturity Date: October 1, 2023 Interest Rate: 2.50% Purpose: The $21,690,000 Solid Waste System Revenue Refunding Note, Series 2015 dated July 7, 2015 was issued to refund the Solid Waste System Revenue Refunding Bond, Series 2005. This transaction had an aggregate diference in debt service of $2,451,258 and a net present value savings to the County of $1,640,897. Pledge: The Series 2015 Note is secured by a pledge on the net revenues derived from the ownership and operation of the Solid Waste System. $9,070,000 INFRASTRUCTURE SALES SURTAX REVENUE NOTE, SERIES 2020 Amount Outstanding: $9,070,000 FY2021 Debt Service: Principal - $0 Interest - $79,952 Maturity Date: October 1, 2024 Interest Rate: 0.82% Purpose: The $9,070,000 Infrastructure Sales Surtax Revenue Note, Series 2020 dated September 4, 2020 was issued to fnance the acquisition, construction and equipping of the improvements to the South County Courts and R.L. Anderson Building Remodel. Pledge: The Series 2020 Note is secured by a pledge on the Infrastructure Sales Surtax Revenues. The Series 2020 Note is on parity with the Series 2014, 2015 and 2018 Bonds. SarasotaClerk.com 43