SarasotaClerk.com 35 Pledge: The Series 2019B Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2019B Bonds are on parity with the Series 2017, 2018A, 2018B and 2019A Bonds. $10,215,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2019C Amount Outstanding: $10,205,000 FY2022 Debt Service: Principal - $5,000 Interest - $353,800 Maturity Date: October 1, 2040 Interest Rates: 3.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $10,215,000 Capital Improvement Revenue Refunding Bonds, Series 2019C dated August 22, 2019 were issued to advance refund all of the County’s outstanding Capital Improvement Revenue Bonds, Series 2010B, maturing on or after October 1, 2020. The refunding resulted in an economic gain in present value savings of $1,000,941 over the life of the issue. Pledge: The Series 2019C Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2019C Bonds are on parity with the Series 2017, 2018A, 2018B, 2019A and 2019B Bonds. $18,785,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2020 Amount Outstanding: $18,560,000 FY2022 Debt Service: Principal - $230,000 Interest - $809,850 Maturity Date: October 1, 2040 Interest Rates: 2.00-5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $18,785,000 Capital Improvement Revenue Bonds, Series 2020 dated May 7, 2020 were issued to finance the cost of the design and construction of the Downtown Cooling Plant, Facilities Energy Conservation Measures Upgrades, East Jail Controls Upgrade. Pledge: The Series 2020 Bonds are secured by the Half-Cent Sales Tax Revenues. The Series 2020 Bonds are on parity with the Series 2017, 2018A, 2018B, 2019A, 2019B and 2019C Bonds.
RkJQdWJsaXNoZXIy MzM3Mjg=