preliminary fy 2011-12 city of glendale, az annual budget book

Schedule Seven – DETAIL
Long-Term Debt Service
$33,250,000
City of Glendale, Arizona
Municipal Property Corporation
Excise Tax Revenue Bonds, Series 2006A – GRPSTC/Zanjero
Date: June, 1, 2006, maturing in 2026.
Interest: Semi‐annual each January and July, commencing January 1, 2007.
Interest accrues at rates ranging from 4.000% to 5.000%
Rating:
Purpose:
Moody’s “Aaa”
Standard and Poor’s “AAA”
The Series 2006A bonds were issued to pay for a portion of the cost of
developing, constructing and equipping a public safety training facility and
constructing infrastructure improvement within the City of Glendale.
Debt Service:
Fiscal Year Principal Interest Total
Prior Years 4,880,000 5,891,782 10,771,782
2012 1,315,000 1,431,525 2,746,525
2013 1,380,000 1,365,775 2,745,775
2014 1,450,000 1,296,775 2,746,775
2015 1,520,000 1,224,275 2,744,275
2016‐2020 8,830,000 4,900,875 13,730,875
2021‐2025 11,270,000 2,461,875 13,731,875
2026 2,605,000 143,275 2,748,275
Total 33,250,000 18,716,157 51,966,157
586
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