Laserfiche WebLink
COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA <br />Notes to the Basic Financial Statements (Continued) <br />Year Ended June 30, 2011 <br />The debt service requirements to maturity (including interest) on the bonds are as follows: <br />Series A <br />Year Ending June 30 <br />Principal <br />Interest <br />Total <br />2012 <br />$ <br />5451000 <br />$ <br />7291566 <br />$ 112741566 <br />2013 <br />5601000 <br />7111260 <br />112711260 <br />2014 <br />5801000 <br />6911660 <br />112711660 <br />2015 <br />6051000 <br />6701620 <br />112751620 <br />2016 <br />6251000 <br />6481168 <br />112731168 <br />2017 -2021 <br />315151000 <br />218461520 <br />613611520 <br />2022 -2026 <br />413551000 <br />210121948 <br />613671948 <br />2027 -2031 <br />514551000 <br />9151863 <br />613701863 <br />2032 <br />112451000 <br />281013 <br />112731013 <br />Total <br />$ <br />1714851000 <br />$ <br />912541618 <br />$ 2617391618 <br />Series B <br />Year Ending June 30 <br />Principal <br />Interest <br />Total <br />2012 <br />$ <br />118901000 <br />$ <br />110001750 <br />218901750 <br />2013 <br />119901000 <br />9031750 <br />218931750 <br />2014 <br />210851000 <br />8011875 <br />218861875 <br />2015 <br />212001000 <br />6941750 <br />218941750 <br />2016 <br />213101000 <br />5821000 <br />218921000 <br />2017 -2020 <br />1014851000 <br />110811125 <br />1115661125 <br />Total <br />$ <br />2019601000 <br />$ <br />510641250 <br />$ 2610241250 <br />2011 Series A Tax Allocation Refunding Bonds <br />The 2011 Series A Tax Allocation Refunding Bonds were issued in the amount of $66,790,000 for the <br />defeasance and refinancing of the 1998 Santa Ana Financing Authority Refunding Revenue Bonds <br />Series A, B, C and D (SAFA), and for the financing of $6.1 million in redevelopment activities, <br />including certain public parking and infrastructure improvements. The SAFA bonds were an obligation <br />of the City, the proceeds from which were used to purchase the 1989 Tax Allocation Refunding Bonds <br />Series A, B, C and E (1989). The 1989 bonds were an obligation of the Agency, and this transaction <br />resulted in the retirement of those bonds. The bonds mature serially starting on September 1, 2017 <br />through 2028, in amounts ranging from $ 805,000 to $10,820,000, and pay interest at rates varying <br />from 5% to 6.75 %. The outstanding principal balance at June 30, 2011, is $66,790,000. <br />35 <br />