On July 15, 2012, the County issued $8,660,000 of general obligation refunding bonds to provide resources to purchase U.S. Government State and Local Government Series securities that were placed in an irrevocable trust for the purpose of generating resources for all future debt service payments of $5,390,000 for the General Obligation Bonds, Series 2005 and $2,735,000 for the Certificates of Obligations, Series 2003.
Fiscal
Year |
Principal
Due 2/1 |
Interest
Rate |
Interest
Due 2/1 |
Interest
Due 8/1 |
Total |
2023 |
1,070,000.00 |
2.50% |
13,375.00 |
- |
1,083,375.00 |
|
$ 1,070,000.00 |
|
$ 13,375.00 |
$ - |
$ 1,083,375.00 |
|
|
|
|
|
|