64-KKRESOLUTION NO. 64-!K K
...... ~ .... as follows. ~,.a~:
~ ~,,~ ~eF-
- ~-u,"j~ 31,: u~.o :_':~0~` ~2 ' ' '
o:c. d'~,r 30 1°x.~ ,%uthoPiz .... ~ c ....
~" ~ ii:-?Pl~Ovexle!t -' :{~aPJ_e s ,T ..... e _ ~'
lt,s re i:tc. ft er
~ - - ............ ~ .... ~xe.'~ .'u,. 0~ :3:lC; 2.3eF i~evell~e
lo,.., s~ -,-¢-.,. ~ .s.,_.2.~.u, eP called ?'()uZSt&:~dltt
,. ~,,;.p~,'}.ii.-; ~/ater and qel-~eP" ~
~- CSL~2,%,~, "k~Ll~, d4 , .....
"- .... ~ ' -- ~ '~'-
On: :~, ?~0,,~- . ,
....... ~ S% -:':0'~ ~
~.S:~ ) ~-~
' ' i's: 2'1'5 3ifad l:.'ll O .
- '5:1&'5 T2le :,~.-~~; o ;_ ...... ~ .... ,0 b_t 3
PA~ED AND ADOPTED this
day of September° A.D. 1964.
...... -
oNeS
.....
PASSED AND ADOPTED this ~.,I ~__r day of September, A.D. 1964.
(CORPORATE SEAL}
ATT]~T- ~ityClerk ~
~.CITY' OF BOYNTON BEACH,...FLORIDA
TABLE I
Retirement Schedule 1961 Issue - Series A & B
December 1, 1964 to June 1, 1972
Principal Payments
Interest Payments
Call Premium 6/1/72
Totals
Series A Series B Totals
$1,745,000 $1,630,000 $3,375,000
525,800 501,400 1,027,200
73,350 66,150 139,500
$2,344,150 $2,197,550 $4,541,700
Cash Needed for Complete Retirement - $4,541,700
Investment of $4,541,700 Cash
Purchase
$3,352,000 U.S. Treasury 4's - 2/1/72 @ 99
Accrued Interest From 8/1/64 to 10/1/64
Total Cost
4% Time Deposit (C.D.'s) Maturing Variously to 6/1/72
Total Net Income on Invested Funds to 6/1/71 $1,210,224:
$3,318,480
22,347
$3,340,827
1,201,873
$4,541,700
NOTE: After the retirement of the 1960 Issue on June 1, 1971, the invested
income to 6/1/72 will result in a surplus of $128,397.
TABLE II
Retirement Schedule 1960 Issue
December 1~ 1964 to June 1~ 1971
~rincipal Interest Call Premium
$1,345,000 $377,500 $56,475
Principal to Invest
Cash from Bond Proceeds 1964 Issue
Cash on Hand 1960 Issue Trustee
Cash in Transfer to Contingency Fund for 1961 Trustee
Total Cash to Invest
Purchase
$475,000 U.S. Treasury 4's due 8/1/71 @ 99
Accrued Interest from 8/1/64 to 10/1/64
Total
Cash Balance
Income
Invested Income $475,000 Treasuries for period held
Invested Income from 1961 Retirement Fund
Sale $475,000 Treasuries due 8/1/61 on 6/1/61
Total Receipts
Total Requirements
Surplus 6/1/71
Total Requirements
$1,778,975
$ 400,000
67,859
7,100
$ 474,959
$ 470,250
3,167
$ 473,417
$ 1,792
$ 235,065
1,210,224
475,000
$1,920,289
1~7~8,975
$ 141,314
CITY OF BOYNTON BEACH,' FLORIDA
TABLE III
Retirement Schedule $148,000 5% Bonds
(Non Callable) Maturing 6./1/65 - 76
Cash on Hand Cash From
with Trustee Bond Proceeds
$17,600 $148,000
Invest $165,000 in 4% Time Deposits
Net Loss of Income - 4% C.D.'s versus 5% Cpm.
Principal Payments
Total Needed to Retire Issue
Total Cash Available to Retire Issue
Surplus
Total Cash
with Trustee
$165,600
11,010
148~000
159,010
165~600
6,590
TABLE IV
S D'I~RY
Disposition of Bond Proceed~
Cash to Deposit with Trustee - 1950 Issue
Cash to Deposit with Trustee - 1960 Issue
Cash to Deposit with Trustee - 1961 Issues
Construction Costs
Construction Contingencies
Engineering and Inspection
Fiscal Agent Fee - Legal, Printing, and Financial
Interest Reserved during Construction
Total
$ '148,000
400,000
4,541,700
614,000
56,300
50,000
90,000
100,000
6,ooo,o o
:
............................................ ~ olR
i
~/,W?
M~/7o
i '77.~ q 10
~ I
i"6301o
7zl3~o
70o 3
P7~1~o :~6
70 :~' 9 o
c/7.x-go /-//~ro :T~//o
2g tS'o
840
_L.jo~f_ 6 1¢
~.~o
3.~"o
!
~.31
,i
~5
/z -, 7
/oT woe,
........ A%Z ,.3_ 8.
33 ga'/
3.5 33c~
'.3 3o 3 ~5'
s:z "73 c~
,32.4-37
32-/37
/o7 ~ o o 32-/3£
.3 '~ 73 7
~7
37_ va 7
3/ E37
2%0
/Ol 0.55
a3/37
q~
/ol - B
¢¢'-/'/"/ i vo
// q¢ , i ,.--,--.
/"/'. 9.~ 0
~¢ "/'Z..- "?- ~-
hi q q ~I~ L: 3
...... ¢'/_'_'t-/
! ct'qq
/~,o q.6q
I
lOI 7/~