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Home My WebLink About2010 COIT Bond source and useshttps:llgateway.ifionline.org/debtman/Bond.aspx Basic Debt Information I Code Cite I Debt Limitation Hamilton -Carmel Civil City -City of Carmel Redevelopment Authority,COIT Lease Rental Revenue Bondsof20Jo- (Keystone and Drainage) Scle,; Lln;t > Sdect Deh; This form has been submitted. Basic Debt Information Debt Name: City of Carmel Redevelopment Authority,COIT Lease Rental Revenue Bondsof20 I 0 (Keystone and Drainage) Type of Indebtedness: Lease Base CUSIP Number: 143294 Is this debt exempt from the property tax caps? No Cite -------------------------------------..., Code Cite Under Which Debt is Authorized: 36-7-14.5 Code cite can typically be found in the bond resolution or ordinance. Debt Limitation -------------------------------------, Is this debt subject to the issuer's debt limit? No Information Date of Preliminary Determination: Date of Publication of Preliminary Determination: Newspaper(s): Date of Public I-Iearing: Date of Final Approval/Lease Execution: 1/ I /20 10 Date of Appropriation Resolution: Date of Debt Sale: Date of Debt Closing: 1/28/20 10 / Remonstrance Was this debt subject to petition/remonstrance? No No Was this debt subject to referendum? No Ion 7/16/2015 12:43 PM https://gateway,ifionl ine, org/debtman/80nd,aspx -Debt Rat'tng Type of Rating Insurance Agency Rating Issuer Credit Rating (lCR) 2 Aa3 Issuer Credit Rating (lCR) 3 AA .--- Security on the Debt -Source of Repayment Name of Lessor (Building Corporation/Hold Corporation) Carmel Redevelopment Commission Does this debt refinance or refund any previously outstanding debt? No I 1 Purpose/Cost Purpose of Debt: acquisitionor a portion of the existing Keystone Avenue Total Project Cost: $27,091,603.65 Sources of Funds Amount COlT Tax Lease Rental Revenue Bond of 20 I0 1$25,675,000.00 Reolfering Premium 1$1,416,603,65 SOURCES OF FUNDS: $27,091,603.65 Uses Uses of Funds Amount Purchase Real Estate (Keystone Corridor) $21,560,000.00 Debt Service Reserve Fund $2,567,500.00 Capitalized Interest $2,361,012,50 Underwriter Discount $220,805.00 Estimted Bond Issuance Costs $382,286.15 TOTAL USES OF FUNDS: $27,091,603.65 Date Bids Received: Date Construction Started: Estimated Date or Substantial Completion: 20f3 7/16/2015 12:43 PM https:llgateway.ifionline.org!debtman/Bond.aspx Amortization Schedule --------------------------------; . Federal Date Principal ilnterest Interest Period Capitalized Fiscal Total Trustee Lease Tax Remaining Rate Total Interest Fee Payments Credit Balance 7lJ12010 $521,263 $521,263 $521,263 $25,675,000 lII12011 $613,250 $613,250 $613,250 $0 $25,675,000 7/1/2011 $613,250 $613,250 $613,250 =!f-£.,-{\(\, 25,675,001/112012 $61 3,2'']=i1 3,250 $613,250 $0 711/2012 $613,250 13,250 $615,500 $25.675,000 111/2013 $613,250 13,250 $1,226,500 ~$615,500 $25,675,000 i7/1/2013 ~$613,250 $615,500 $25,675,000 1/112014 $613,250 $1,226,500 $5~5,500 $25,675,00C 7/1/2014 $100,000 .00 $613,250 $713,250 5,000 $25,575,00C ,1/112015 $100,000 .00 $611,750 $711,750 $1,425,000 $5,000 $715,000 $25,475,00C 711/2015 $250,000 13.00 $610,250 $860,250 $860,500 $25,225,000 11/1/2016 $250,000 3.25 $606,500 $856,500 $1,716,750 $5,000 $860,500 $24,975,000 7/1/2016 $250,000 3.25 $602,438 $852,438 $852,500 $24,725,000 i11112017 $250,000 3.50 $598,375 $848,375 $1,700,813 $5,000 $852,500 $24,475,000 71112017 $250,000 3.50 $594,000 $844,000 $844,000 $24,225,000 ~2'OOOO 3.75 $589,625 $839,625 $1,683,625 $5,000 $844,000 $23,975,000 7/1 $550,000 3.75 $584,938 $1,134,938 $1,132,000 $23,425,0001 III $550,000 4.00 $574,625 $1,124,625 1$2,259,563 $5,000 $1,132,000 $22,875,000 i7 550,000 4.00 $563,625 $1,113,625 $1,110,500 $22,3~~ 111/2020 $550,000 4.00 $552,625 $1,102,625 $2,216,250 $5,000 $1,110,500 $21,77 7/1/2020 550,000 4.00 $541,625 $1,091,625 $1,088,500 $21,225,000 1/1/20211550,000 5.00 $530,625 $1,080,625 $2,172,250 $5,000 $1,088,500 $20,675,000 7/1/202\ 5.00 516,875 $1,066,875 1$1,062,500 $20,125,000 111112022 $550,000 5.00 $503,125 $1,053,125 $2,120,000 $5,000 $1,062,500 $19,575,000 1711/2022 $550,000 5.00 $489,375 $1,039 $1,035,000 $19,025,000 1/1/2023 550,000 5.00 $475,625 $1,025 $2,065,000 1$5,000 $1,035,000 $18,475,000 1 7I1a02 1"0'OOO 1'00 $461,875 $1,371,875 1,363,000 1$17,565,000 1/1/202 \0,000 15.00 $439,125 1$1,349,125 $2,721,000 $5,000 \,363,000 1$16,655,000 7/1/202 000 5.00 $416,375 $1,331,375 1,322, $15,740,000 111/2025 5.00 $393,500 $1,308,500 $2,639,875 $5,000 $1,322, $14,825,000 7/1/2025 $920,000 5.00 $370,625 $1,290,625 $1,281,500 $13,905,000 1/1/2026 $920,000 5.00 $347,625 $1,267,625 • $2,558,250 $ 81,500 $12,985,000 71112026 $925,000 5.00 $324,625 $l.249,625 40,500 1$12,060,000 11112027 $925,000 5.00 $301,500 $1,226,500 $2,476,125 $5,000 500 $11,135,000 :7/112027 $1,275,000 5.00 $278,375 $1,553,375 $),554,500 $9,860,000 ' 1/1/2028 $1,305,000 5.00 $246,500 $1,551,500 $3,104,875 $5,000 $1,554,500 $8,555,000 17/1/20281$1,340,000 5.00 $213,875 $1,553,875 $1,554,500 $7,215,000 1/1/2029 1,370,000 5.00 $180,375 $1,550,375 $3,104,250 $5,000 $1,554.500 $5,845,000 7/1/2029 $1,405,000 5.00 $146,125 $1,551,125 $1,553,500 $4,440,000 1/112030 $1,440,000 5.00 $111,000 $1,551,000 $3,102,125 $5,000 $1.553,500 $3,000,000 : 7/1/2030 $1.480,000 5.00 ~ $1,555,000 $1,559,000 $1,520,000 : 11112031 $1,520,000 5.00 $1,558,000 $3,113,000 $5,000 $\,559,000 $0 Total $25,675,000 $19,317,764 $44,992,764 $2,361,013 $42,631,751 $95,000 $42,720,000 This form has been submitted. 30f3 7/16/2015 12:43 PM