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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2013
<br />NOTE 13 - LONG-TERM LIABILITIES - Continued
<br />B. Primary Government - Continued
<br />Spring Training Facility Revenue Bonds - Continued
<br />Optional Redemption - The Series 2001 bonds maturing on or after April 1, 2012, were subject to
<br />redemption at the option of the County in whole or in part, on April 1, 2011, or on any date thereafter at
<br />par plus accrued interest and plus a premium ranging between 0% to 1% depending on the year of the
<br />redemption.
<br />The County redeemed the following amounts and maturity dates on September 30, 2013:
<br />Maturity Date Amount
<br />April 1, 2014 $ 240,000
<br />April 1, 2015 255,000
<br />April 1, 2016 265,000
<br />April 1, 2017 275,000
<br />April 1, 2018 290,000
<br />April 1, 2019 305,000
<br />April 1, 2020 315,000
<br />April 2, 2021 330,000
<br />Total Optional Redemption $2,275,000
<br />Remaining Mandatory Redemption - The Series 2001 Term Bonds are subject to mandatory redemption
<br />prior to maturity, by lot, at par plus accrued interest, according to the following schedule:
<br />Term Bonds due April 1, 2015
<br />Date Principal Amount
<br />April 1, 2014 $ 445,000
<br />April 1, 2015 470,000
<br />Term Bonds due April 1, 2017
<br />Date Principal Amount
<br />April 1, 2016 $ 495,000
<br />April 1, 2017 520,000
<br />Term Bonds due April 1, 2021
<br />Date Principal Amount
<br />April 1, 2018 $ 550,000
<br />April 1, 2019 585,000
<br />April 1, 2020 615,000
<br />April 1, 2021 650,000
<br />80
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