FY2016 CCDOA Financial Report as of 6302016.pdf - page 104

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
Notes to Financial Statements
For the Fiscal Years Ended June 30, 2016 and 2015
91
Series 2013B General Obligation Bonds:
In April 2013, the County issued $32.9 million in the Series 2013B Non-AMT General Obligation (Limited
Tax) Airport Bond at a premium of $4.5 million. The Series 2013B Bond has a fixed interest rate of 5.00
percent. Interest payments are due on January 1 and July 1 of each year, and the repayment of
principal payments ends on July 1, 2033. The County issued the Series 2013B Bond for the purpose of
refunding the Series 2003B General Obligation Airport Bonds and to pay certain costs of issuance. This
refunding provided a net present value savings of $0.9 million.
(i) Schedule of Debt Principal and Interest
A schedule of the principal and interest payments of the Airport System's debt follows.
1...,94,95,96,97,98,99,100,101,102,103 105,106,107,108,109,110,111,112,113,114,...169
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