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~November 29, 2000
<br />
<br />Report No. 217-II
<br />Cabarrus County
<br />
<br />Bond Requirements (Fiscal year July 1st to June 30th)
<br /> Principal Prin. & Int. Principal Prin. & Int.
<br />2000-01 $4,440,000 $7,977,120 2009-10 $ 4,360,000 $ 6,045,755
<br />2001-02 4,300,000 7,625,175 2010-11 4,075,000 5,529,187
<br />2002-03 4,255,000 7,374,250 2011-12 3,800,000 5,031,800
<br />2003 -04 4,215,000 7,129,410 2012 - 13 3,400,000 4,426,600
<br />2004-05 4,170,000 6,879,025 2013- t 4 3,400,000 4,246,400
<br />2005-06 4,125,000 6,628,400 2014-15 3,400,000 4,066,200
<br />2006-07 4,080,000 6,379,800 2015-16 3,400,000 3,886,000
<br />2007-08 4,035,000 6,131,095 2016-17 3,400,000 3,702,400
<br />2008-09 4,085,000 5,979,460 2017-18 2,200,000 2,318,800
<br /> Total $69,140,000 $101,356,877
<br />
<br />Installment Obligations $42,748,607
<br />
<br />Outstanding Purpose Rate
<br />$ 380,044 Coddle Creek Reservoir 4.580%
<br />5,523,518 School Facilities 4.710%
<br />5,95'9,438 School Facilities 4.290%
<br />1,933,113 Equipment 4.030%
<br />452,494 Water and Sewer Impr. 4.580%
<br />28,500,000 School Facilities 4.625%/5.30%
<br />
<br /> Payable
<br /> 134,875 (p&i) semi-ann.
<br /> 626,391 (p&i) semi-ann.
<br /> 613,956 (p&i) semi-ann.
<br /> 346,690 (p&i) semi-ann.
<br /> 159,789 (p&i) semi-ann.
<br />1,500,000 (.prin.) annually
<br />
<br /> The above agreements are payable in the minimum installments annually as follows:
<br /> Principal Prin. & Int. Prmciml Prin. & Int.
<br />2000-01 $4,622,437 $6,683,155 2010-11 $ 1,500,000 $ 2,208,000
<br />2001-02 4,453,733 6,305,776 2011 - 12 1,500,000 2,131,500
<br />2002-03 4,288,686 5,946,209 2012-13 1,500,000 2,054,250
<br />2003 -04 3,720,965 5,192,320 2013 - 14 1,500,000 1,976,250
<br />2004-05 3,822,112 5,122,945 2014-15. 1,500,000 1,897,500
<br />2005-06 3,301,483 4,427,554 2015-16 1,500,000 1,818,000
<br />2006-07 1,500,000 2,502,750 2016-17 1,500,000 1,738,500
<br />2007-08 1,500,000 2,430,750 2017-18 1,500,000 1,659,000
<br />2008-09 1,500,000 2,357,250 2018-19 1,500~000 1,579,500
<br />2009-10 1,500,000 2,283,000 Total $43,709,416 $60,314,209
<br />
<br />Comparative Debt Statement (County-wide only)
<br /> Nov. 18, 1971 Mar. 2, 1984 Apr. 15, 1992 Aug. 15, 2000
<br />Bonds $ 8,595,000 $ 11,040,000 $ 43,109,000 $ 69,140,000
<br />Notes
<br />Installment Obligations 7,462,840 42,748,607
<br />Gross Debt $ 8,595,000 $ 11,040,000 $ 50,562,840 $111,888,607
<br />Net Debt 8,595,000 11,040,000 50,562,840 111,888,607
<br />
<br />Recent Bond Sales
<br /> On January 22, 1997, Cabarrus County sold $49,000,000 General Obligation Bonds (average
<br />maturity 12.59 years) to First Union Capital Markets; First Winston Securities, Inc.; Carolina Capital
<br />Markets; Edward D. Jones; William R Hough & Company; and associates at a
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<br />-continued-
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