Bonds & contracts payable | Fiscal Years | ||||
| Name | 2023 | 2024 | 2025 | 2026 | |
| 2008 Library Construction Debt Fund: | 1,337,500 | 1,539,688 | 1,486,562 | 1,677,188 | |
| 2014 Ice Arena Refunding Bonds: | 509,120 | 532,480 | |||
| Senior Complex Recreation Facility: | 1,039,388 | 1,129,234 | 1,124,982 | 1,123,650 | |
| Subtotal for Bonds & contracts payable | $2,886,008 | $3,201,401 | $2,611,545 | $2,800,838 | |
Total Principal & Interest | $2,886,008 | $3,201,401 | $2,611,545 | $2,800,838 | |
Issuance Information | ||||||
| Debt Type: | Bonds & contracts payable | |||||
| Activity Type: | Government | |||||
| Repayment Source: | Tax-Backed | |||||
| Issuance Date: | 2008-06-01 | |||||
| Issuance Amount: | $16,000,000 | |||||
| Interest Rate: | 3.5 - 4.5% | |||||
| Maturing Through: | 2027 | |||||
| Principal Maturity Range: | $500,000 - $1,750,000 | |||||
| Internal Number: | NOVILIB08 | |||||
| Registrar / Agent: | The Bank of New York Trust Company | |||||
| Purpose: | New Library | |||||
| Fund Number: | 317 | |||||
| Comments: This general obligation bond issue was approved by the voters in November 2007. Bond issued in June 2008. The new Library is a two-story state-of-the-art facility with approximately 55,000 square feet. | ||||||
Payment Schedule | ||||||
| Date Due | Interest Rate | Principal | Interest | Payment | Balance | |
|---|---|---|---|---|---|---|
| 2022-10-01 | 4.25% | 1,000,000.00 | 179,375.00 | 1,179,375.00 | $7,250,000.00 | |
| 2023-04-01 | 158,125.00 | 158,125.00 | $7,250,000.00 | |||
| 2023-10-01 | 4.25% | 1,250,000.00 | 158,125.00 | 1,408,125.00 | $6,000,000.00 | |
| 2024-04-01 | 131,562.50 | 131,562.50 | $6,000,000.00 | |||
| 2024-10-01 | 4.25% | 1,250,000.00 | 131,562.50 | 1,381,562.50 | $4,750,000.00 | |
| 2025-04-01 | 105,000.00 | 105,000.00 | $4,750,000.00 | |||
| 2025-10-01 | 4.375% | 1,500,000.00 | 105,000.00 | 1,605,000.00 | $3,250,000.00 | |
| 2026-04-01 | 72,187.50 | 72,187.50 | $3,250,000.00 | |||
| 2026-10-01 | 4.375% | 1,500,000.00 | 72,187.50 | 1,572,187.50 | $1,750,000.00 | |
| 2027-04-01 | 39,375.00 | 39,375.00 | $1,750,000.00 | |||
| 2027-10-01 | 4.5% | 1,750,000.00 | 39,375.00 | 1,789,375.00 | ||
Totals | $8,250,000.00 | $1,191,875.00 | $9,441,875.00 | |||
Issuance Information | ||||||
| Debt Type: | Bonds & contracts payable | |||||
| Activity Type: | Business-type/Enterprise | |||||
| Repayment Source: | Revenue | |||||
| Issuance Date: | 2014-10-01 | |||||
| Issuance Amount: | $4,905,000 | |||||
| Interest Rate: | 2.4 | |||||
| Maturing Through: | 2024 | |||||
| Principal Maturity Range: | $450,000 - $520,000 | |||||
| Purpose: | Refund of 2004 ice Arena Refunding Bonds | |||||
| Fund Number: | 590 | |||||
| Comments: Repayment source revenues include ice rental fees, skating lessons, and tournaments. | ||||||
Payment Schedule | ||||||
| Date Due | Interest Rate | Principal | Interest | Payment | Balance | |
|---|---|---|---|---|---|---|
| 2022-12-01 | 2.4% | 12,060.00 | 12,060.00 | $1,005,000.00 | ||
| 2023-06-01 | 2.4% | 485,000.00 | 12,060.00 | 497,060.00 | $520,000.00 | |
| 2023-12-01 | 2.4% | 6,240.00 | 6,240.00 | $520,000.00 | ||
| 2024-06-01 | 2.4% | 520,000.00 | 6,240.00 | 526,240.00 | $0.00 | |
Totals | $1,005,000.00 | $36,600.00 | $1,041,600.00 | |||
Issuance Information | ||||||
| Debt Type: | Bonds & contracts payable | |||||
| Activity Type: | Business-type/Enterprise | |||||
| Repayment Source: | General Obligation | |||||
| Issuance Date: | 2005-06-09 | |||||
| Issuance Amount: | $9,920,000 | |||||
| Maturing Through: | 2025 | |||||
| Principal Maturity Range: | $65,000 - $1,100,000 | |||||
| Internal Number: | NOVBAREF05 | |||||
Payment Schedule | ||||||
| Date Due | Interest Rate | Principal | Interest | Payment | Balance | |
|---|---|---|---|---|---|---|
| 2022-10-01 | 4.2% | 885,000.00 | 86,486.25 | 971,486.25 | $3,170,000.00 | |
| 2023-04-01 | 67,901.25 | 67,901.25 | $3,170,000.00 | |||
| 2023-10-01 | 4.25% | 1,015,000.00 | 67,901.25 | 1,082,901.25 | $2,155,000.00 | |
| 2024-04-01 | 46,332.50 | 46,332.50 | $2,155,000.00 | |||
| 2024-10-01 | 4.3% | 1,055,000.00 | 46,332.50 | 1,101,332.50 | $1,100,000.00 | |
| 2025-04-01 | 23,650.00 | 23,650.00 | $1,100,000.00 | |||
| 2025-10-01 | 4.3% | 1,100,000.00 | 23,650.00 | 1,123,650.00 | ||
Totals | $4,055,000.00 | $362,253.75 | $4,417,253.75 | |||