TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 9, 2009
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on payment of principal and interest for outstanding District bonds on July 1, 2009
Body
Dear Sir:
In accordance with the Rules of the Board and the various bond ordinances, on July 1, 2009, the District transferred $18,130,023.91 to the Treasurer of the State of Illinois for payment due on twenty-nine loans from the Illinois Environmental Protection Agency Revolving Loan Fund. This payment included $13,642,736.75 in principal and $4,487,287.16 in interest, due on July 1, 2009. The attached Schedule C indicates the amount paid on each outstanding loan.
Amalgamated Bank, as Escrow Agent, transferred $1,242,500.00 for interest due to the paying agent for one refunded issue of District bonds. (See attached Schedule B.)
The total District debt service payment on July 1, 2009, was therefore $19,372,523.91.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
Attachment