2009 Annual Operating and Capital Budget - Village of Huntley

B. Tax Increment Financing Bond
VILLAGE OF HUNTLEY
The Village issues bonds and notes where the Village pledges incremental tax income
derived from a separately created tax increment financing district. These bonds and
notes are not general obligations of the Village and are secured only by the incremental
revenues generated by the tax increment financing district. Tax increment financing
bonds and notes currently outstanding are as follows:
1. $7,000,000 Tax Increment Financing Bonds, Series 1995A, dated December
1, 1995, due in annual installments with interest through December 1, 2015.
VILLAGE OF HUNTLEY
DEBT SERVICE REQUIREMENTS
TAX INCREMENT REVENUE BONDS - SERIES A
DUE
ANNUAL
DATE PRINCIPAL INTEREST TOTAL
6/1/2009 202,937.50
12/1/2009 450,000.00 202,937.50 855,875.00
6/1/2010 183,812.50
12/1/2010 490,000.00 183,812.50 857,625.00
6/1/2011 162,987.50
12/1/2011 540,000.00 162,987.50 865,975.00
6/1/2012 140,037.50
12/1/2012 650,000.00 140,037.50 930,075.00
6/1/2013 112,412.50
12/1/2013 715,000.00 112,412.50 939,825.00
6/1/2014 82,025.00
12/1/2014 780,000.00 82,025.00 944,050.00
6/1/2015 48,875.00
12/1/2015 1,150,000.00 48,875.00 1,247,750.00
$ 4,775,000.00 $ 1,866,175.00 $ 6,641,175.00
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