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Indian River County , Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30 , 2007
<br /> NOTE 12 - LONG-TERM LIABILITIES - Continued
<br /> A. Primary Government - Continued
<br /> Annual Debt Service Payments — Business-type Activities
<br /> The annual debt service payments for bonds outstanding at September 30 , 2007 are as follows :
<br /> FISCAL YEARS RECREATIONAL WATER AND SEWER WATER AND SEWER
<br /> ENDING REVENUE REFUNDING REVENUE BONDS REVENUE REFUNDING
<br /> SEPTEMBER 30 SERIFS 2003 SERIES 1993 BONDS SERIES 2005
<br /> Principal Interest Principal Interest Principal Interest
<br /> 2008 $ 4859000 $ 160,764 $ 1 , 310, 000 $ 1 ,830,500 $ 1,310,000 $ 1 ,092,450
<br /> 2009 4905000 148,639 095, 000 1 ,745 ,350 1, 350,000 1 ,0531150
<br /> 2010 5105000 135, 164 1 ,475 , 000 1 ,6689625 19395,000 15012, 650
<br /> 2011 520, 000 119,864 1, 5551000 1 ,587,500 13435,000 970, 800
<br /> 2012 5359000 102,964 1 , 640, 000 1 ,501 ,975 1 ,4803000 925,250
<br /> 2013-2017 211205000 201 ,287 956459000 69058,825 8,3959000 39632, 650
<br /> 2018-2022 - - 12,495, 000 35213 ,525 10, 615,000 1 ,405,250
<br /> 2023 -2027 - - 454905000 318 ,938 - -
<br /> Tatal 49660, 000 8689682 345005, 000 173925 ,238 25, 980,000 10,092,200
<br /> Less:
<br /> -� Current portion 485, 000 - 1 , 310, 000 - 010,000 -
<br /> Unamortized
<br /> bond discount 41, 272 - 995, 087 - - -
<br /> „� Add:
<br /> Unamortized
<br /> bond premium - - - - 918, 184 -
<br /> Total $ 4, 133, 728 $ 868,682 $ 315699, 913 $ 175925238 $ 25, 588, 184 $ 10,092,200
<br /> Governmental Activities
<br /> Limited General Obligation Bonds
<br /> Purpose — On July 6 , 2006 , the Board issued $ 48 , 600 , 000 of Limited General Obligation Bonds Series
<br /> 2006 . The issuance of the Series 2006 bonds was approved by a majority of votes cast in a bond
<br /> ,. referendum held on November 2 , 2004 , by the qualified electors of the County . The referendum
<br /> authorized a total of $ 50 , 000 , 000 aggregate principal amount of limited general obligation bonds . The
<br /> proceeds of this issue will provide funds to acquire by purchase , interest in lands to protect water
<br /> resources and/or drinking water sources , environmentally sensitive lands , historic sites , and/or
<br /> agricultural lands together with the necessary restoration, remediation and reclamation activities to
<br /> preserve and enhance such property and customary and necessary costs incurred in the acquisition .
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