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NOTES TO THE FINANCIAL STATEMENTS (Continued)
<br /> Outstanding
<br /> Balance
<br /> June 30. 1993
<br /> The 1989 Series A Bonds were issued in the amount of$8,985,000 to retire the 1985 Series
<br /> A Tax Allocation Bonds Santa Ma Inter-City Commuter Station Project. $1,160,000 of the
<br /> bonds mature serially through September 1, 1999 in annual installments ranging from
<br /> $95,000 to $170,000; $2,555,000 are term bonds maturing September 1, 2009 in annual
<br /> installments ranging from$180,000 to$345,000; and $5,270,000 are term bonds maturing
<br /> on September 1, 2019 in annual installments ranging from$370,000 to $715,000. Bonds
<br /> maturing on September 1 in the years 2009 and 2019 respectively are subject to mandatory
<br /> redemption from sinking account payments. Per terms of the bond indenture, $750,130
<br /> was held in reserve for debt service. $ 8,785,000
<br /> The 1989 Series B Bonds were issued in the amount of$70,000,000 to retire the 1985 Series
<br /> B Tax Allocation Bonds Redevelopment Project Area. $10,325,000 of the bonds mature
<br /> serially through September 1, 2000 in annual installments ranging from, $750,1300 to
<br /> $1,385,000; $18,335,000 are term bonds maturing September 1,2009 in annual installments
<br /> ranging from$1,490,000 to$2,685,000; $25,670,000 are term bonds maturing September
<br /> 1, 2016 in annual installments ranging from $2,895,000 to $4,540,000; and$15,670,000
<br /> are term bonds maturing September 1,2019 in annual installments ranging from$4,875,000
<br /> to$5,580,000. Bonds maturing on September 1 in the years 2009, 2016, 2017 and 2019,
<br /> respectively are subject to mandatory redemption from sinking account payments. Per
<br /> terms of the bond indenture, $6,999,507 was held in reserve for debt service. 68,450,000
<br /> The 1989 Series C Bonds were issued in the amount of$15,425,000 to retire the 1985 Series
<br /> C Tax Allocation Bonds South Harbor Redevelopment Project. $1,995,000 of the bonds
<br /> mature serially through September 1, 2009 in annual installments ranging from$165,000 to
<br /> $285,000; $4,385,000 are term bonds maturing September 1, 2009 in annual installments
<br /> ranging from $310,000 to $595,000; $6,685,000 are term bonds maturing September 1,
<br /> 2017 in annual installments ranging from$640,000 to$1,060,000;and$2,360,000 are term
<br /> bonds maturing September 1, 2019 in annual installments ranging from $1,140,000 to
<br /> $1,220,000. Bonds maturing on September 1 in the years 2009,2017 and 2019,respectively
<br /> are subject to mandatory redemption from sinking account payments. Per terms of the
<br /> bond indenture, $1,273,962 was held in reserve for debt service. 15,080,000
<br /> The 1989 Series D Bonds were issued in the amount of$14,735,000 to retire the 1985 Series
<br /> D Tax Allocation Bonds South Main Street Redevelopment Project. $1,910,000 of the bonds
<br /> mature serially through September 1, 1999 in annual installments ranging from$160,000 to
<br /> $275,000; $10,570,000 are term bonds maturing September 1, 2017 in annual installments
<br /> ranging from$295,000 to$1,015,000; and$2,255,000 are term bonds maturing September
<br /> 1, 2019 in annual installments ranging from$1,090,000 to$1,165,000; Bonds maturing on
<br /> September 1 in the years 2017 and 2019, respectively are subject to mandatory' redemption
<br /> from sinking account payments. Per terms of the bond indenture, $1,217,019 was held
<br /> in reserve for debt service.
<br /> 14,405,000
<br />
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