City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
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<strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>Denver</strong><br />
<strong>Municipal</strong> <strong>Airport</strong> <strong>System</strong><br />
SCHEDULE OF REQUIRED DEPOSITS TO THE BOND ACCOUNT,<br />
BOND RESERVE ACCOUNT, AND THE OPERATION AND MAINTENANCE<br />
RESERVE ACCOUNT AS DEFINED IN THE 1984<br />
AIRPORT SYSTEM GENERAL BOND ORDINANCE (UNAUDITED)<br />
Year ended December 31, 2010<br />
Principal Account<br />
Required deposit monthly to the Bond Principal Account, commencing on the first day <strong>of</strong> the month<br />
immediately succeeding the issuance <strong>of</strong> any Serial Bonds, or commencing one year prior to the first fixed<br />
maturity date <strong>of</strong> such Serial Bonds, whichever date is later, an amount which if made in substantially equal<br />
installments thereafter would be sufficient to pay the next maturing installment <strong>of</strong> principal <strong>of</strong> such Serial<br />
Bonds.<br />
Required<br />
principal<br />
account<br />
Principal Balance balance at<br />
Bond series payment date principal due December 31, 2010<br />
Series 1991D 11/15/11 $ 14,770,651 $ 1,230,888<br />
Series 1992 F, G 11/15/11 1,700,000 141,667<br />
Series 1995C 11/15/11 3,535,000 294,583<br />
Series 1997E 11/15/11 17,558,973 1,463,248<br />
Series 2000A 11/15/11 12,960,000 1,080,000<br />
Series 2001A 11/15/11 11,219,765 934,980<br />
Series 2001D 11/15/11 3,530,000 294,167<br />
Series 2002C 11/15/11 1,600,000 133,333<br />
Series 2002E 11/15/11 12,000,000 1,000,000<br />
Series 2005A 11/15/11 70,000 5,833<br />
Series 2006B 11/15/11 24,675,000 2,056,250<br />
Series 2007F1-F4 11/15/11 500,000 41,667<br />
Series 2007G1-G2 11/15/11 400,000 33,333<br />
Series 2008A 11/15/11 22,335,000 1,861,250<br />
Series 2008B 11/15/11 600,000 50,000<br />
Total principal account requirement $ 10,621,199<br />
(b)<br />
Sinking Account<br />
Required deposit monthly, to the Bond Sinking Account, commencing on the first day <strong>of</strong> the twelfth calendar<br />
month prior to the date on which the <strong>City</strong> is required to pay any Term Bonds, one twelfth <strong>of</strong> the amount<br />
necessary to pay the redemption price or principal <strong>of</strong> such Term Bonds scheduled to be retired in any year by<br />
m<strong>and</strong>atory redemption, at fixed maturity or otherwise, except to the extent any other monies, including without<br />
limitation, monies in any escrow account, are available therefore. The 1991D Series are subject to m<strong>and</strong>atory<br />
sinking fund redemption requirements.<br />
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