F. Long-Term Debt and Liabilities (Continued)

City Council · 2026-04-21 · agenda_item

This item concerns the City of West Melbourne's long-term debt obligations related to its water and sewer revenue bonds. Specifically, it details the annual debt service requirements for the Water and Sewer Revenue Refunding Bonds, Series 2014, and the Water and Sewer Revenue Bonds, Series 2024D, through September 30, 2025. The information includes principal and interest payments due for upcoming years, as well as pledged revenues supporting these bonds. This is a financial review item, not a new project initiation. Therefore, there is no direct construction work or new development described at this time. Local contractors, suppliers, and service providers should monitor future city financial reports and agenda items for potential infrastructure projects or bond issuances that may arise from these financial obligations.

principal

515,300

interest

8,334

principal

54,055,000

interest

45,836,150

principal

105,904

interest

7,614,024

principal

417,730

percentage

5 %