TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 3, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on payment of interest for outstanding District bonds due on June 1, 2010
Body
Dear Sir:
In accordance with the Rules of the Board and the various bond ordinances, the District transferred $50,999,797.92 to the paying agents for the District's bond issues for payment of interest on outstanding bonds due on June 1, 2010. The attached Schedule A indicates the amount paid on each outstanding bond issue.
Amalgamated Bank, as Escrow Agent, transferred $13,841,950.00 for interest due to the paying agent for six partially and fully refunded issues of District bonds. (See attached Schedule B.)
The total District debt service payment on June 1, 2010, was therefore $64,841,747.92.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
Attachment