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Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2017 <br />NOTE 9 - LONG-TERM LIABILITIES - Continued <br />A. Governmental Long -Term Debt — Continued <br />Spring Training Facility Revenue Bonds - Continued <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, 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 />Term Bonds due April 1, 2027 <br />Date <br />Principal Amount <br />April 1, 2022 <br />$ 305,000 <br />April 1, 2023 <br />320,000 <br />April 1, 2024 <br />340,000 <br />April 1, 2025 <br />355,000 <br />April 1, 2026 <br />375,000 <br />April 1, 2027 <br />390,000 <br />Term Bonds due April 1, 2031 <br />Date Principal Amount <br />April 1, 2028 $ 410,000 <br />April 1, 2029 430,000 <br />April 1, 2030 455,000 <br />April 1, 2031 435,000 <br />Limited General Obligation Refunding Note, Series 2015 <br />Purpose - On April 7, 2015, the Board voted to redeem $19,075,000 of outstanding 2006 Limited <br />General Obligation Bonds with a 7 year note from Regions Capital Advantage, Inc. The refunding <br />ultimately saved the Board $1.2 million over the 7 year remaining life of the bonds. <br />285 <br />