Laserfiche WebLink
19 <br />Existing and Proposed Debt <br />Inputs 37 <br />•The City has no existing debt <br />•The City is proposing new debt depending on the CIP scenario chosen <br />based on the following assumptions: <br />•Proposed debt will be subject to a debt coverage requirement of 125% <br />which means that net operating revenues divided by annual debt service <br />must be greater than 125% in each year of the study period <br />FY 2030FY 2029FY 2028FY 2027FY 2026Key Assumptions <br />Proposed Debt Terms <br />6.0%6.0%6.0%6.0%6.0%Interest Rate <br />3030303030Term (years) <br />2.0%2.0%2.0%2.0%2.0%Issuance Costs <br />Proposed Debt –Maintain Scenario <br />Projections 38 <br />FY 2030FY 2029FY 2028FY 2027FY 2026Proposed Debt <br />$6,500,000$10,500,000$11,000,000$0$0Debt Proceeds for CIP <br />$6,632,653$10,714,286$11,224,490$0$0Debt Issuance <br />$481,855$778,381$815,447$0$0Annual Debt Service Payment <br />Proposed Debt <br />$0$0$0$0$0Debt Issuance - FY 2026 <br />$0$0$0$0Debt Issuance - FY 2027 <br />$815,447$815,447$815,447Debt Issuance - FY 2028 <br />$778,381$778,381Debt Issuance - FY 2029 <br />$481,855Debt Issuance - FY 2030 <br />Debt Issuance - FY 2031 <br />Debt Issuance - FY 2032 <br />Debt Issuance - FY 2033 <br />Debt Issuance - FY 2034 <br />Debt Issuance - FY 2035 <br />$2,075,683$1,593,828$815,447$0$0Total - Proposed Debt <br />Page 125 of 144