RE: airport bonds (2)The final payment on the 2005B bonds will be July 1, 2010. Optional redemption on the 2005A bonds is after January 1, 2013. The debt service was structured so that the annual payments
remain the same, about $180,000 a year. The previous payments of principal were all applied to the 2005B bonds of $555,000. The Principal remaining on the 2005A bonds is $1,445,000.
Average coupon is 3.8274255%. Currently we have about $600,000 in the Airport TIF district. My recollection is Council considered early redemption if and when we received FAA reimbursements
for the projects completed with the bonds. Final debt service payment is July 1, 2020.
Amy
-----Original Message-----
From: Jane Howington
Sent: Wednesday, March 24, 2010 8:34 AM
To: Amy Robertson
Subject: FW: airport bonds
Amy Could you provide me with this information?
Thanks.
Jane
-----Original Message-----
From: Robert Hafferman [mailto:roberthafferman@centurytel.net]
Sent: Wednesday, March 24, 2010 8:32 AM
To: Jane Howington
Cc: Tammi Fisher
Subject: airport bonds
Janr
Can the Series 2005A bonds of $1,445,000 for the airport be fully redeemed at any time? Is there a penalty for early redemption, and if so, how much?
Will the Series 2005B bonds be fully paid by July 1, 2010?
Bob Hafferman