Town Accountant
Bond 6-90
| MULTI-PURPOSE BOND ISSUE |
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| ISSUED JUNE 1990 |
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| The proceeds of the bonds together with a privately placed bond for $3,000 due in Nov. 1990 amount to a total issue |
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| of $3,533,000. Debt service of $1,650,000 for Sewer Construction, $815,000 for Cronin Land Acquisition, $608,000 |
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| for Construction of the Highway Garage is exempted from the tax levy limitations; $300,000 for Reconstruction of |
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| Roads, $100,000 for the Purchase of Land for a Public Safety Building are, also, the Town's obligation. The Water |
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| Department has $60,000 for Laying Pipes and Mains to be paid from water rates. |
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| DEBT SERVICE SCHEDULE |
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| Fiscal |
Principal |
Interest |
Interest |
Total |
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Sewer |
Water |
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| Year |
Due Nov 15 |
Due Nov 15 |
Due May 15 |
Payment |
Town |
Deparment |
Department |
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| 1991 |
200,000.00 |
118,726.89 |
123,010.00 |
441,736.89 |
247,544.57 |
187,067.75 |
7,124.57 |
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| 1992 |
200,000.00 |
123,010.00 |
115,710.00 |
438,720.00 |
244,508.25 |
187,106.25 |
7,105.50 |
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| 1993 |
200,000.00 |
115,710.00 |
108,410.00 |
424,120.00 |
235,492.75 |
181,743.75 |
6,883.50 |
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| 1994 |
200,000.00 |
108,410.00 |
42,550.00 |
350,960.00 |
201,884.50 |
143,522.50 |
5,553.00 |
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| 1995 |
200,000.00 |
42,550.00 |
35,150.00 |
277,700.00 |
168,214.50 |
105,264.50 |
4,221.00 |
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| 1996 |
200,000.00 |
35,150.00 |
27,750.00 |
262,900.00 |
159,075.50 |
99,825.50 |
3,999.00 |
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| 1997 |
200,000.00 |
27,750.00 |
20,350.00 |
248,100.00 |
149,936.50 |
94,386.50 |
3,777.00 |
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| 1998 |
200,000.00 |
20,350.00 |
12,950.00 |
233,300.00 |
140,797.50 |
88,947.50 |
3,555.00 |
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| 1999 |
175,000.00 |
12,950.00 |
6,475.00 |
194,425.00 |
95,546.00 |
95,546.00 |
3,333.00 |
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| 2000 |
175,000.00 |
6,475.00 |
0.00 |
181,475.00 |
89,182.00 |
89,182.00 |
3,111.00 |
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1,950,000.00 |
611,081.89 |
492,355.00 |
3,053,436.89 |
1,732,182.07 |
1,272,592.25 |
48,662.57 |
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| Note: |
Balance of this bond refinanced November 1, 1993 and shown as a separate bond issue. |
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