mountain-elementary-2023-24-budget-report_d84.pdf
General Obligation Bonds Serviced Through County of Santa Cruz
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Description
Mountain Elementary School District continues to service its general obligation bonds, with a remaining principal of $2,140,000 and annual payments of $94,406 funded through property taxes collected by the County of Santa Cruz.
Contract Details
Contract Amount
$2,140,000 (principal balance), $94,406 annual payment
Vendor
COUNTY OF SC
Agency
Mountain Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
July 1, 2023
Contract Term
26 years, annual payments through at least 2049
Renewal Date
2049-06-30
Renewal Info
Obligation ongoing until principal retired; no auto-renewal, governed by bond terms.
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