TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 8, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on payment of principal and interest for outstanding District bonds due on July 1, 2010
Body
Dear Sir:
In accordance with the Rules of the Board and the various bond ordinances, the District transferred $19,898,745.14 to the Treasurer of the State of Illinois for payment due on July 1, 2010, on thirty loans from the Illinois Environmental Protection Agency Revolving Loan Fund. Payment was made on July 1, 2010, and included $15,111,384.99 in principal and $4,787,360.15 in interest. The attached schedule C indicates the amount paid on each outstanding loan.
Amalgamated Bank, as Escrow Agent, transferred $642,250.00 to the paying agent for one fully refunded issue of District bonds, for payment on interest due. See attached Schedule B detailing the payment.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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