34 Consolidated Major Revenue & Debt Report 2021 $16,215,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018B Amount Outstanding: $11,865,000 FY2022 Debt Service: Principal - $1,450,000 Interest - $532,969 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 refinance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. 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: $14,145,000 FY2022 Debt Service: Principal - $505,000 Interest - $664,800 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 finance the cost of the construction of a new Sheriff’s Office Support Services Facility, to provide for Sheriff’s vehicle maintenance and administrative support functions. 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: $17,450,000 FY2022 Debt Service: Principal - $925,000 Interest - $826,100 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 the Series 2019B Bonds. The refunding resulted in an economic gain in present value savings of $2,647,241 over the life of the issue. 2021 INDEBTEDNESS
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