|
CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (J) Noncurrent Liabilities, continued
<br />Limited Tax Bonds, continued
<br />Annual debt service requirements to maturity for limited tax pension bonds are as follows:
<br />Governmental activitiesBusiness-type activities
<br />Fiscal year
<br />ending June 30PrincipalInterestPrincipalInterest
<br />2011$781,7473,972,62500
<br />2012844,0994,150,27300
<br />2013899,4574,344,91500
<br />2014949,7984,559,57400
<br />2015978,8614,805,51200
<br />2016-20207,164,60626,282,25700
<br />2021-202322,550,00012,057,02700
<br />2024-202823,185,0002,925,63500
<br /> 57,353,56863,097,81800
<br />Total limited tax bonds$57,821,57663,241,0264,810,0001,504,697
<br />Notes Payable
<br />In July 2008, the City borrowed $2,706,000 from the U.S. Department of Housing and Urban Development
<br />(HUD) to finance the purchase of the historic Washburne and Centre Court buildings in the Urban Renewal
<br />Downtown District. The unsecured note pays interest at a variable rate equal to the three-month LIBOR rate
<br />plus 0.2%. The rate adjusts monthly on the first day of each month.
<br />LoanInterestEnding
<br />amountratebalance
<br />Governmental activities
<br />Notes payable:
<br />Housing and Urban Development -
<br />varies
<br />Washburne and Centre Court Building2,706,0002,706,000
<br />2,706,0002,706,000
<br />$
<br />continued
<br />
|