City of Nowthen · Borrowed in 2011
G.O. Equipment Certificates, 2011A
Paid offSource checked
Borrowed for: Road Grader
The terms
From the audited financial statements' long-term-debt notes. See the source page
Amount borrowed
$247,000
Interest rate
3.10%
Issued
2011
Final payment due
2021
Last recorded balance
$0
as of Friday, December 31, 2021
What will this cost altogether?
The total repayment is the principal plus the scheduled interest. The city's audited statements print scheduled interest for all of its bonds together, not issue by issue, so this page does not compute a total for the 2011A bonds. A rate of 3.10% alone does not give the interest without the yearly principal schedule.
How much remains?
Nothing remains. This issue is paid off. Its final payment was due in 2021.
Part or all of these bonds paid for equipment. The Fleet Funder compares saving for replacements with borrowing for them, machine by machine.
What the money paid for
- Road grader$247,000source p.37
Source description: Road Grader
“During 2011 the City issued $247,000 in Equipment Certificates to Purchase a Road Grader (see Page 17)”
How the repayment is going
Principal still owed at each year-end, from the audits. Where the audit does not print the year's payment, the amount paid down is the drop in the balance from the year before.
In the council record
Council motions that mention these bonds, ai-extracted from meeting records. Follow the links to check each one.
“Meyer made a motion to adopt Resolution 2011-2013, a Resolution Awarding the Sale of General Obligation Certificates of Indebtedness, Series 2011A, in the Aggregate Principal amount of $247,000; Fixing Their Form and Specifications; Directing Their Execution a…”
Passed · All in favor · moved by Meyer, seconded by LeisticoTuesday, July 12, 2011 · City Council Meeting
Read every discussion of these bonds in search.