mountain-elementary-second-interim-district-certification-report-2024-25_ed1.pdf
General Obligation Bond Debt Serviced by County Property Taxes
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Description
Mountain Elementary School District maintains a 25-year financial obligation supported by property taxes collected by the County of Santa Cruz, with a principal balance of $2,140,000 and an annual debt service payment of $94,406.
Contract Details
Contract Amount
$2,140,000
Vendor
COUNTY OF SC
Agency
Mountain Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 13, 2025
Contract Term
25 years
Renewal Date
2049-06-30
Renewal Info
Annual payments of $94,406 are required each fiscal year through the 25-year term. No increase in payment over prior year.
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