A. THE

City Commission · 2026-05-13 · agenda_item

This item concerns the City of Winter Park's electric revenue bonds, which are planned for repayment through 2037. The bonds were originally issued to finance the acquisition and improvement of the electric utility, including undergrounding major feeder lines. The total outstanding principal and interest remaining on these bonds is $47,435,140. Annual payments are expected to use less than half of the net revenues from electric customers. While this item is financial in nature and not a direct construction project, it indicates ongoing financial commitments related to the city's electric utility infrastructure. Businesses involved in utility construction, maintenance, or supply may find opportunities as the city manages its electrical system and associated debt. Early engagement could provide insights into future infrastructure needs.

Electric Revenue Bonds, Series 2010 Original Amount

5,245,000 $

Electric Revenue Bonds, Series 2010 Outstanding

1,950,000 $

Electric Revenue Bonds, Series 2014 Original Amount

7,680,000 $

Electric Revenue Bonds, Series 2014 Outstanding

4,075,000 $

Electric Revenue Bonds, Series 2014A Original Amount

5,900,000 $

Electric Revenue Bonds, Series 2014A Outstanding

3,210,000 $

Electric Revenue Bonds, Series 2016 Original Amount

18,260,000 $

Electric Revenue Bonds, Series 2016 Outstanding

13,310,000 $

Electric Revenue Bond, Series 2019 Original Amount

25,405,000 $

Electric Revenue Bond, Series 2019 Outstanding

17,785,000 $

Total principal and interest remaining on the bonds

47,435,140 $

Principal and interest paid for the current year

4,680,803 $

Total customer net revenues

18,026,106 $