SarasotaClerk.com 33 $21,625,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2017 (FEDERALLY TAXABLE) Amount Outstanding: $18,840,000 FY2024 Debt Service: Principal – $525,000 Interest – $666,452 Maturity Date: October 1, 2047 Interest Rates: 2.72‑3.72% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $21,625,000 Capital Improvement Revenue Bonds, Series 2017 dated December 21, 2017 were issued to finance a portion of the cost of the acquisition and construction of a Major League Baseball spring training Facility, including practice fields and other ancillary facilities and/or to finance or refinance certain other capital improvements within the County and/or to refinance a loan from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. Pledge: The Series 2017 Bonds are secured by the Half‑Cent Sales Tax Revenues. $22,965,000 INFRASTRUCTURE SALES SURTAX REVENUE REFUNDING BONDS, SERIES 2018 Amount Outstanding: $4,050,000 FY2024 Debt Service: Principal – $4,050,000 Interest – $202,500 Maturity Date: October 1, 2024 Interest Rate: 5.00% Insured: No Underlying Ratings: Standard & Poor’s AA; Fitch AA+ Purpose: The $22,965,000 Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2018 dated May 8, 2018 were issued to refinance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission, the proceeds to finance certain projects and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018 Bonds. Pledge: The Series 2018 Bonds are secured by a pledge of the Infrastructure Sales Surtax Revenues. The Series 2018 Bonds are on parity with the Series 2014 and 2015 Bonds. $18,015,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A Amount Outstanding: $16,335,000 FY2024 Debt Service: Principal – $390,000 Interest – $681,650 Maturity Date: October 1, 2047 Interest Rates: 3.50‑5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $18,015,000 Capital Improvement Revenue Refunding Bonds, Series 2018A dated May 8, 2018 were issued to refinance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission, the proceeds of which were used to finance the costs of the acquisition, construction and equipping of the Sheriff’s Office and Administrative Headquarters Facility, and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018A Bonds. Pledge: The Series 2018A Bonds are secured by the Half‑Cent Sales Tax Revenues. The Series 2018A Bonds are on parity with the Series 2017 Bonds. $16,215,000 CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018B Amount Outstanding: $8,890,000 FY2024 Debt Service: Principal – $1,350,000 Interest – $384,218 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 and to pay certain costs and expenses incurred in connection with the issuance of the Series 2018B Bonds. 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. 2023 INDEBTEDNESS
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