2a - GENERAL OBLIGATION DEBT $32,455,000 GENERAL OBLIGATION BONDS, SERIES 2019 Amount Outstanding: $30,475,000 FY2022 Debt Service: Principal - $1,240,000 Interest - $1,180,825 Maturity Date: October 1, 2038 Interest Rates: 2.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AAA; Fitch AAA Purpose: The $32,455,000 General Obligation Bonds, Series 2019 dated June 25, 2019 were issued to finance a portion of the costs of the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County. Pledge: The Series 2019 Bonds are secured by the full faith, credit and taxing power of the County. $24,925,000 GENERAL OBLIGATION BONDS, SERIES 2020 Amount Outstanding: $24,260,000 FY2022 Debt Service: Principal - $915,000 Interest - $840,875 Maturity Date: October 1, 2039 Interest Rates: 1.50-5.00% Insured: No Underlying Ratings: Standard & Poor’s AAA; Fitch AAA Purpose: The $24,925,000 General Obligation Bonds, Series 2020 dated July 2, 2020 were issued to finance a portion of the costs of the improvement of the Legacy Trail Extension railroad corridor within the County. Pledge: The Series 2020 Bonds are secured by the full faith, credit and taxing power of the County. The Series 2020 Bonds are on parity with the Series 2019 Bonds. 2b - NON-SELF-SUPPORTING REVENUE DEBT $17,245,000 SECOND GUARANTEED ENTITLEMENT REVENUE BONDS, SERIES 2013 Amount Outstanding: $14,375,000 FY2022 Debt Service: Principal - $410,000 Interest - $667,400 Maturity Date: October 1, 2043 Interest Rates: 3.00-5.00% Insured: No Underlying Ratings: Fitch AA+ Purpose: The $17,245,000 Second Guaranteed Entitlement Revenue Bonds, Series 2013 dated October 2, 2013 were issued to finance the planning, engineering, constructing, reconstructing and equipping of an emergency operations center for the County. Pledge: The Series 2013 Second Guaranteed Entitlement Revenue Bonds are secured by the Second Guaranteed Entitlement funds portion of the Revenue Sharing Trust Fund. $37,355,000 INFRASTRUCTURE SALES SURTAX REVENUE REFUNDING BONDS, SERIES 2014 Amount Outstanding: $17,585,000 FY2022 Debt Service: Principal - $5,580,000 Interest - $879,250 Maturity Date: October 1, 2024 Interest Rate: 5.00% Insured: No Underlying Ratings: Standard & Poor’s AA; Fitch AA+ Purpose: The $37,355,000 Infrastructure Sales Surtax Revenue Bonds, Series 2014 dated October 16, 2014 were issued to advance refund all or a portion of the County’s Infrastructure Sales Surtax Revenue Bonds, Series 2008B maturing on or after October 1, 2018. This transaction had an aggregate difference in debt service of $3,854,873 and a net present value savings to the County of $3,448,340. Pledge: The Series 2014 Bonds are secured by a pledge of the Infrastructure Sales Surtax Revenues. 32 Consolidated Major Revenue & Debt Report 2021 2021 INDEBTEDNESS
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