2009 Annual Operating and Capital Budget - Village of Huntley

VILLAGE OF HUNTLEY
The bonds were refinanced in 2008 due to favorable market conditions at a lower
rate of 3.80%. The debt will be repaid over 8 years using a portion of the Village’s
total telecommunications tax revenues.
The annual debt service requirements to retire these outstanding obligations at
December 31, 2009:
VILLAGE OF HUNTLEY
DEBT SERVICE SCHEDULE
Municipal Complex Building
$2,450,000 3.80%
Annual Debt Service
Payments Principal Interest Balance
2009 383,310 300,000 83,310 2,000,000
2010 371,751 300,000 71,751 1,700,000
2011 360,193 300,000 60,193 1,400,000
2012 348,777 300,000 48,777 1,100,000
2013 337,076 300,000 37,076 800,000
2014 325,518 300,000 25,518 500,000
2015 313,960 300,000 13,960 200,000
2016 302,898 300,000 2,898 -
$ 2,743,483 $ 2,400,000 $ 343,483
2.) Sewer Interceptor and Water Main Project
In July 2008, the Village of Huntley issued $2,550,000 General Obligation Limited Tax
Certificates with an interest rate of 3.80% to fund the sewer interceptor line and water
main lines along Route 47 to the south end of the Village under the I-90 tollway. The
debt will be repaid over 10 years using water and sewer revenues as the payment
source.
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