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4,2/2013 <br /> 1 2-.G. 1 . <br /> Report on Outstanding Report on Outstanding <br /> County Debt Issues County Debt Issues <br /> V�411 0110E Ewer Refg .R '3.Nil;IN <br /> o Recreational Rev. Refdg. Bonds, Series 2005 <br /> Bonds, Series 2003 o Issued to refund Series 1996 bonds <br /> o Issued to refinance previous bonds o 1996 last "new money" issue for <br /> used to build courses utilities (Sebastian, North R.O. WTP, <br /> o Original principal amount = $6.5 million assessments) <br /> o Outstanding @ 9/30/12 = $2.1 million o Original principal amount= $27.7 <br /> o Secured by net income, racetrack &jai million <br /> alai funds, portion of Half-Cent Sales o Outstanding @ 9/30/12 = $19.0 million <br /> Tax o Average interest rate— 3.94% (TIC) <br /> a Net income supports debt(FY 11/12 = o Final maturity in 2022 <br /> $762k) o Secured by system revs. (2.50x <br /> a 1.61x coverage coverage in FY 11/12) <br /> o Final maturity in 2016 o Plans to potentially pay off in 2015 <br /> o Potential to pay off early (9/1/13) ($14.2 million) <br /> Report on Outstanding Report on Outstanding <br /> County Debt Issues County Debt Issues <br /> !i!i <br /> I.� V i'. I�wn o IilY4e� lE�e:�eileEfidi�IN�iiRllll v1 :'eieilaPiNd'oe�?idR� <br /> o Water & Sewer Refg. Rev. o gummary <br /> g o Total debt outstanding @ 9/30/12 = <br /> Bonds, Series 2009 $89.4 million <br /> o Issued to refund Series 1993A bonds o Low overall debt levels ($644 per <br /> 01993 issue to expand South R.O., capita) <br /> water tanks, dist. Exp. o Longest term of current debt is 2024 <br /> o Original principal amount= $26.4 o Half of debt will be repaid by fye <br /> million 2017/18 <br /> a Outstanding @ 9/30/12 = $24.7 million o Conservative use of debt <br /> o Average interest rate— 3.68% (TIC) o Restrictive debt policies <br /> o Final maturity in 2024 a Revenue streams to fund <br /> o Secured by system revs. (2.50x infrastructure (impact fees, One Cent <br /> coverage in FY 11/12) Sales Tax) <br /> o Call date September 1, 2019 o Proj. payoff of 2 out of 5 remaining <br /> issues by 2015 <br /> Zi 7. 2 <br />