D. Long-term debt and liabilities (continued)

City Council Meeting · 2026-04-28 · agenda_item

This agenda item concerns long-term debt and liabilities for the City of Clermont. Specifically, it details outstanding revenue notes from September 30, 2022, where city revenues are pledged for repayment. The notes include the Capital Improvement Revenue Refunding Note, Series 2021A, and Series 2021B, both maturing in 2041, and the Capital Improvement Revenue Note, Series 2021C, maturing in 2029. These notes were issued to refinance previous notes, reimburse costs for a public safety complex, acquire land, and finance a road project. The pledged revenues for these obligations are Non-Ad Valorem Revenues. This item is under review as part of ongoing financial reporting. The project scope involves the repayment of these notes, which are tied to past capital improvements and a road project. While no new construction is detailed, the financing itself supports past and planned infrastructure. Contractors, suppliers, and service providers involved in road construction, public safety facilities, and land acquisition may find opportunities by understanding the city's financial commitments and future needs. Early engagement could provide insights into upcoming municipal projects.

Principal and Interest

4,407,033 $

Current Year Pledged Principal and Interest

17,452,806 $

Percentage of Revenue

1.3 %

Principal and Interest

5,429,130 $

Percentage of Revenue

1.6 %

Principal and Interest

11,376,148 $

Percentage of Revenue

1.1 %

Future Amount Issued

3,706,000 $

Future Amount Issued

4,300,000 $

Future Amount Issued

9,986,000 $