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Debt - Liability Summary
City of Otsego Debt Service Fund Budget ‐ 2020 Summary of Bonds Outstanding Original 2020 Maturity Issue Balance Due Principal Balance Due Date Amount 12/31/2019 Payment 12/31/2020 Improvement Bonds 2010B General Obligation Improvement Refunding 12/1/2021 3,705,000$ 950,000$ 470,000$ 480,000$ 2010D General Obligation Improvement Refunding 2/1/2028 1,220,000 890,000 85,000 805,000 2011A General Obligation Improvement Refunding 2/1/2028 4,640,000 2,765,000 400,000 2,365,000 2012A General Obligation Improvement Refunding 12/1/2021 1,400,000 400,000 205,000 195,000 2018A General Obligation Improvement 2/1/2034 2,305,000 2,305,000 170,000 2,135,000 Subtotal 13,270,000 7,310,000 1,330,000 5,980,000 Revenue Bonds 2009A General Obligation Revenue Refunding 12/1/2027 6,360,000 6,360,000 ‐ 6,360,000 2010C General Obligation Revenue Refunding 12/1/2026 21,300,000 12,915,000 2,335,000 10,580,000 Subtotal 27,660,000 19,275,000 2,335,000 16,940,000 Grand Total 40,930,000$ 26,585,000$ 3,665,000$ 22,920,000$ Description of Bond Issue ‐ 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 ‐ 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Principal Payments Bonds Outstanding