Debt Service
- Current Fiscal Year End Date: June 30, 2017
- Local Government Name: City of Marlette
- Local Unit Code: 762025
Click on the headings below to view additional information and payment schedule information for the City of Marlette's outstanding debt.
Wastewater Treatment Plant 2016 Refunding Bonds
- 2016 Refunding Bonds of 1994 and 2006 Wastewater Treatment Plant Bonds
- Loan Amount: $5,480,000
- Loan Date: January 26, 2016
- Debt Instrument: Bond
- Repayment Source: Debt Service Charge Revenue
| Years Ending |
Principal |
Interest |
Total |
|---|---|---|---|
| 2017 |
$100,000 |
$168,249 |
$268,249 |
| 2018 |
$85,000 |
$179,030 |
$264,030 |
| 2019 |
$85,000 |
$177,330 |
$262,330 |
| 2020 |
$80,000 |
$175,680 |
$255,680 |
| 2021 |
$85,000 |
$174,030 |
$259,030 |
| 2022 |
$95,000 |
$172,230 |
$267,230 |
| 2023 |
$105,000 |
$170,230 |
$275,230 |
| 2024 |
$105,000 |
$168,130 |
$273,130 |
| 2025 |
$110,000 |
$165,430 |
$275,430 |
| 2026 |
$110,000 |
$162,130 |
$272,130 |
| 2027 |
$110,000 |
$158,280 |
$262,280 |
| 2028 |
$115,000 |
$153,780 |
$268,780 |
| 2029 |
$200,000 |
$147,480 |
$347,480 |
| 2030 |
$205,000 |
$139,380 |
$344,380 |
| 2031 |
$245,000 |
$130,380 |
$375,380 |
| 2032 |
$250,000 |
$120,480 |
$370,480 |
| 2033 |
$250,000 |
$110,480 |
$360,480 |
| 2034 |
$250,000 |
$101,730 |
$351,730 |
| 2035 |
$245,000 |
$94,183 |
$339,183 |
| 2036 |
$235,000 |
$86,684 |
$321,684 |
| 2037 |
$250,000 |
$78,983 |
$328,983 |
| 2038 |
$255,000 |
$70,775 |
$325,775 |
| 2039 |
$250,000 |
$62,380 |
$312,380 |
| 2040 |
$250,000 |
$53,943 |
$303,943 |
| 2041 |
$240,000 |
$45,553 |
$285,553 |
| 2042 |
$240,000 |
$37,213 |
$277,213 |
| 2043 |
$235,000 |
$28,900 |
$263,900 |
| 2044 |
$235,000 |
$20,616 |
$255,616 |
| 2045 |
$230,000 |
$12,363 |
$242,363 |
| 2046 |
$230,000 |
$4,140 |
$234,140 |
| Totals |
$5,480,000 |
$3,370,189 |
$8,850,189 |
2014 Water System Improvement Bonds - W. Marlette St.
- Loan Amount: $475,000
- Loan Date: September 16, 2014
- Debt Instrument: Bond
- Repayment Source: Water Service Charge Revenue
| Years Ending |
Principal |
Interest |
Total |
|---|---|---|---|
| 2016 |
$41,464 |
$13,550 |
$55,014 |
| 2017 |
$43,103 |
$11,911 |
$55,014 |
| 2018 |
$44,316 |
$10,698 |
$55,014 |
| 2019 |
$45,531 |
$9,484 |
$55,015 |
| 2020 |
$46,778 |
$8,236 |
$55,014 |
| 2021 |
$48,041 |
$6,973 |
$55,014 |
| 2022 |
$49,376 |
$5,638 |
$55,014 |
| 2023 |
$50,729 |
$4,285 |
$55,014 |
| 2024 |
$52,119 |
$2,895 |
$55,014 |
| 2025 |
$53,544 |
$1,471 |
$55,015 |
| Totals |
$475,000 |
$75,142 |
$550.142 |
Wastewater Treatment Plant Loan 92-11 Refunding
- 2013 Refunding of 2006 Wastewater Treatment Plant Bonds
- Loan Amount: $1,410,000
- Loan Date: September 24, 2013
- LTGORB - 2013 Loan
- Debt Instrument: Bond
- Repayment Source: Debt Service Charge Revenue
| Years Ending |
Principal |
Interest |
Total |
|---|---|---|---|
| 2014 |
$80,000 |
$42,360 |
$122,360 |
| 2015 |
$85,000 |
$40,625 |
$125,625 |
| 2016 |
$85,000 |
$38,733 |
$123,733 |
| 2017 |
$90,000 |
$36,652 |
$126,652 |
| 2018 |
$95,000 |
$34,221 |
$129,221 |
| 2019 |
$100,000 |
$31,215 |
$131,215 |
| 2020 |
$100,000 |
$28,290 |
$128,290 |
| 2021 |
$100,000 |
$25,040 |
$125,040 |
| 2022 |
$105,000 |
$21,630 |
$126,630 |
| 2023 |
$105,000 |
$18,060 |
$123,060 |
| 2024 |
$95,000 |
$14,612 |
$109,612 |
| 2025 |
$95,000 |
$11,287 |
$106,287 |
| 2026 |
$90,000 |
$8,050 |
$98,050 |
| 2027 |
$90,000 |
$4,900 |
$94,900 |
| 2028 |
$95,000 |
$1,662 |
$96,662 |
| Totals |
$1,410,000 |
$357,337 |
$1,767,337 |
2001 MI Transportation Fund Bonds
- Loan Amount: $700,000
- Loan Date: September 1, 2001
- Debt Instrument: Bond
- Repayment Source: Street Funds
| Years Ending |
Principal |
Interest |
Total |
|---|---|---|---|
| 2017 |
$65,000 |
$1,479 |
$66,479 |
| Totals |
$65,000 |
$1,479 |
$66,479 |