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E - 1 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 <br />APPENDIX E <br />Bonded Debt Summary as of 6/30/2024 and of 6/30/2025 <br />Issue Issuer Purpose Security Date of Issue <br />Original <br />Amount <br />Projected <br />Princ. Amt. <br />Outstanding <br />at 6/30/24 <br />Projected <br />Princ. Amt. <br />Outstanding <br />at 6/30/25 Payoff Date <br />REVENUE BONDS: <br />2017 PJPFA Water Revenue <br />Bonds <br />PJPFA <br />City <br />DERWA facilities <br />expansion project <br />Water <br />Revenues 2/16/17 $7,100,000 $960,000 $0 2/1/2025 <br />2015 State Revolving Fund Loan City Recycled water <br />project <br />Water <br />Revenues 6/17/2015 $17,359,925 $8,896,132 $8,550,198 10/31/2046 <br />2016-2021 Golf Course <br />Financed Purchase Agreement City <br />Golf course <br />maintenance <br />equipment <br />Golf Course <br />Revenues 2016-2021 $604,562 $77,465 $46,928 9/16/2026 <br />2019A HUD Section 108 Loan City <br />Construction of a <br />community health <br />clinic <br />CDBG 3/28/2019 $736,000 $536,000 $486,000 8/1/2034 <br />Issue Issuer Purpose Security Date of Issue <br />Original <br />Amount Responsibility Payoff Date <br />HOME MORTGAGE REVENUE <br />BONDS: <br />2005 - Variable Rate Demand <br />Certificates - Pleasanton <br />Assisted Living Facility <br />City Construction of Parkview <br />Assisted Living Center <br />Citibank <br />Irrevocable <br />Letter of <br />Credit <br />9/28/2005 19,700,000 Owner's 11/1/2040 <br />In addition, we have the following Mortgage Revenue Bonds. The City has no obligation but acts as the <br />conduit agency. <br />The City and its related entities are projected to have a combined outstanding debt principal of $10.5 million <br />at June 30, 2024. <br />In addition, the City has outstanding Home Mortgage Revenue Bonds the proceeds of which were used to <br />fund mortgage loans to finance the acquisition and construction of multi-family rental housing facilities <br />located in the City. The bonds are repaid solely from payments received on the underlying mortgage loans. <br />The City is not obligated in any manner for repayment of the bonds. <br />Debt Limit <br />The City’s debt limit as defined under California Government Code, Section 43605 as 15 percent of assessed <br />valuation of all real and personal property of the City is $1.0 billion as of June 30, 2022. Within the meaning of <br />Section 43605 “indebtedness” means bonded indebtedness of the city payable from the proceeds of taxes <br />levied upon taxable property in the City. <br />Debt Policy <br />The City’s Debt Policy is defined in the Financial Policies section of the budget book. <br />Debt Overview and Summary