Page 12 - 2017 Bonded Debt Summary
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2014 REFUNDING LEASE REVENUE BONDS



               Original Issue Amount:  $25,325,000
               Issuance Date:           11/6/2014
               Maturity Date:           5/1/2036
               Interest Rates:          2% - 5%

               Description: The 2014 Refunding Lease Revenue Bonds were issued in November 2014 to refund
               the remaining portion of the 2005 Lease Revenue Bonds. The 2005 Lease Revenue Bonds were
               issued to fund the construction of improvements to various roadways, expansion of the Public Safety
               building, construction of electric utility infrastructure and construction of Fire Station 58.

               Repayment Source: The  repayment  source  is  the  General  Fund. The  General  Fund  may  seek
               reimbursement from the Arterial Streets, Police and Fire Department Impact Fee Funds or from the
               Moreno Valley Utility as funds are available.

               Security: These bonds are secured by city-owned property. This asset pool consists of the City Hall,
               Public Safety Building/Emergency Operations Center, Fire Station 99 (Morrison Park), Sunnymead
               Park, John F. Kennedy Park. (Note: The 2013 Refunding Bonds and the 2014 Refunding Bonds share
               the same security asset pool.)


               Debt Service Schedule:  The annual debt service requirements for the 2014 Refunding Lease
               Revenue Bonds payable outstanding at June 30, 2016, are as follows:



          YEAR ENDING JUNE 30,    GOVERNMENTAL ACTIVITIES   MORENO VALLEY UTILITY   TOTAL DEBT SERVICE   INTEREST RATE
                              PRINCIPAL   INTEREST   PRINCIPAL    INTEREST      PRINCIPAL   INTEREST
          2017                      $0   $1,009,332        $0     $118,918            $0  $1,128,250       5%
          2018                       0    1,009,332         0     118,918              0   1,128,250       5%
          2019                       0    1,009,332         0     118,918              0   1,128,250       5%
          2020                       0    1,009,332         0     118,918              0   1,128,250       5%
          2021                       0    1,009,332         0     118,918              0   1,128,250       5%
          2022-2026*           4,079,376  4,747,195    480,624    559,305        4,560,000  5,306,500      5%
          2027-2031*           8,266,104  3,043,586    973,896    358,589        9,240,000  3,402,175      5%
          2032-2036*          10,256,589  1,057,865   1,208,411   124,636       11,465,000  1,182,501     4-5%
                             $22,602,069  $13,895,306  $2,662,931  $1,637,120  $25,265,000  $15,532,426
          *Represents the total amount due during the specified period.
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