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City of Ypsilanti
Local Code: 81-2040
Debt Service Summary Report

Bonds & contracts payable

Fiscal Years

Name
2025
2026
2027
2028
2004-B WATER & SEWER SYSTEM: 389,091
2007 WATER & SEWER SYSTEM: 21,24725,76923,954
2008 WATER & SEWER SYSTEM: 27,79427,16926,54425,919
2009 WATER & SEWER SYSTEM: 11,10110,85110,60110,351
2012 FACTORY STREET PUMP STATION SRF: 183,938185,250186,438182,562
2013 WATER & SEWER REFUNDING BONDS: 2013203,100191,100196,300193,800
2015 DRINKING WATER PROGRAM: 25,11624,61629,05428,429
2016 WATER SUPPLY AND SEWAGE DISPOSAL SYSTEM: 20161,275,7001,269,5001,251,900581,400
SERIES 2016A(TAXABLE) LTGO REFUNDING BONDS: SERIES A719,696723,232730,310740,708
SERIES 2016B(TAXABLE) LTGO REFUNDING BONDS: SERIES B190,387185,977186,342186,320




Subtotal for Bonds & contracts payable$3,047,169$2,643,464$2,641,441$1,949,488

Other contractual debt

Fiscal Years

Name
2025
2026
2027
2028
BITMORE AGREEMENT:




Subtotal for Other contractual debt

Total Principal & Interest

$3,047,169

$2,643,464

$2,641,441

$1,949,488

City of Ypsilanti
Complete Debt Report for
2004-B WATER & SEWER SYSTEM:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2004-06-24
Issuance Amount: $6,330,000
Interest Rate: 2.13%
Maturing Through: 2024
Principal Maturity Range: $305,000 - $385,000
Internal Number: 474
Fund Number: 474
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.125%385,000.004,090.63389,090.63

Totals


$385,000.00


$4,090.63


$389,090.63

City of Ypsilanti
Complete Debt Report for
2007 WATER & SEWER SYSTEM:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2007-03-29
Issuance Amount: $298,702
Interest Rate: 2.13%
Maturing Through: 2026
Principal Maturity Range: $15,000 - $25,000
Internal Number: 479
Fund Number: 479
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.125%20,000.00729.9620,729.96$48,702.00
2025-04-012.125%517.46517.46$48,702.00
2025-10-012.125%25,000.00517.4625,517.46$23,702.00
2026-04-012.125%251.83251.83$23,702.00
2026-10-012.125%23,702.00251.8323,953.83

Totals


$68,702.00


$2,268.54


$70,970.54

City of Ypsilanti
Complete Debt Report for
2008 WATER & SEWER SYSTEM:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2008-06-23
Issuance Amount: $434,253
Interest Rate: 2.50%
Maturing Through: 2028
Principal Maturity Range: $20,000 - $25,000
Internal Number: 480
Fund Number: 480
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.5%25,000.001,553.1626,553.16$99,253.00
2025-04-012.5%1,240.661,240.66$99,253.00
2025-10-012.5%25,000.001,240.6626,240.66$74,253.00
2026-04-012.5%928.16928.16$74,253.00
2026-10-012.5%25,000.00928.1625,928.16$49,253.00
2027-04-012.5%615.66615.66$49,253.00
2027-10-012.5%25,000.00615.6625,615.66$24,253.00
2028-04-012.5%303.16303.16$24,253.00
2028-10-012.5%24,253.00303.1624,556.16

Totals


$124,253.00


$7,728.44


$131,981.44

City of Ypsilanti
Complete Debt Report for
2009 WATER & SEWER SYSTEM:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2009-06-29
Issuance Amount: $260,000
Interest Rate: 2.50%
Maturing Through: 2028
Principal Maturity Range: $5,000 - $10,000
Internal Number: 481
Fund Number: 481
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.5%10,000.00612.8610,612.86$39,029.00
2025-04-012.5%487.86487.86$39,029.00
2025-10-012.5%10,000.00487.8610,487.86$29,029.00
2026-04-012.5%362.86362.86$29,029.00
2026-10-012.5%10,000.00362.8610,362.86$19,029.00
2027-04-012.5%237.86237.86$19,029.00
2027-10-012.5%10,000.00237.8610,237.86$9,029.00
2028-04-012.5%112.86112.86$9,029.00
2028-10-012.5%9,029.00112.869,141.86

Totals


$49,029.00


$3,015.74


$52,044.74

City of Ypsilanti
Complete Debt Report for
2012 FACTORY STREET PUMP STATION SRF:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2012-09-18
Issuance Amount: $2,900,000
Interest Rate: 2.50%
Maturing Through: 2033
Principal Maturity Range: $115,000 - $180,000
Internal Number: 482
Fund Number: 482
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.5%145,000.0020,375.00165,375.00$1,485,000.00
2025-04-012.5%18,562.5018,562.50$1,485,000.00
2025-10-012.5%150,000.0018,562.50168,562.50$1,335,000.00
2026-04-012.5%16,687.5016,687.50$1,335,000.00
2026-10-012.5%155,000.0016,687.50171,687.50$1,180,000.00
2027-04-012.5%14,750.0014,750.00$1,180,000.00
2027-10-012.5%155,000.0014,750.00169,750.00$1,025,000.00
2028-04-012.5%12,812.5012,812.50$1,025,000.00
2028-10-012.5%160,000.0012,812.50172,812.50$865,000.00
2029-04-012.5%10,812.5010,812.50$865,000.00
2029-10-012.5%165,000.0010,812.50175,812.50$700,000.00
2030-04-012.5%8,750.008,750.00$700,000.00
2030-10-012.5%170,000.008,750.00178,750.00$530,000.00
2031-04-012.5%6,625.006,625.00$530,000.00
2031-10-012.5%175,000.006,625.00181,625.00$355,000.00
2032-04-012.5%4,437.504,437.50$355,000.00
2032-10-012.5%175,000.004,437.50179,437.50$180,000.00
2033-04-012.5%2,250.002,250.00$180,000.00
2033-10-012.5%180,000.002,250.00182,250.00

Totals


$1,630,000.00


$211,750.00


$1,841,750.00

City of Ypsilanti
Complete Debt Report for
2013 WATER & SEWER REFUNDING BONDS: 2013


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Sewer
Issuance Date: 2013-08-01
Issuance Amount: $7,490,000
Interest Rate: 2 .0-4.0%
Maturing Through: 2027
Principal Maturity Range: $170,000 - $1,050,000
Internal Number: 483
Series: 2013
Fund Number: 483
Comments: WATER & SEWER REPLACEMENT

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-09-014%170,000.0014,500.00184,500.00$555,000.00
2025-03-014%11,100.0011,100.00$555,000.00
2025-03-014%7,500.007,500.00$555,000.00
2025-09-014%180,000.0011,100.00191,100.00$375,000.00
2026-09-014%185,000.007,500.00192,500.00$190,000.00
2027-03-014%3,800.003,800.00$190,000.00
2027-09-014%190,000.003,800.00193,800.00

Totals


$725,000.00


$59,300.00


$784,300.00

City of Ypsilanti
Complete Debt Report for
2015 DRINKING WATER PROGRAM:


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Water
Issuance Date: 2015-04-01
Issuance Amount: $450,000
Interest Rate: 2.5
Maturing Through: 2035
Principal Maturity Range: $20,000 - $30,000
Internal Number: 485
Fund Number: 485

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-10-012.5%20,000.002,683.1122,683.11$250,000.00
2025-04-012.5%2,433.112,433.11$250,000.00
2025-10-012.5%20,000.002,433.1122,433.11$230,000.00
2026-04-012.5%2,183.112,183.11$230,000.00
2026-10-012.5%25,000.002,183.1127,183.11$205,000.00
2027-04-012.5%1,870.611,870.61$205,000.00
2027-10-012.5%25,000.001,870.6126,870.61$180,000.00
2028-04-012.5%1,558.111,558.11$180,000.00
2028-10-012.5%25,000.001,558.1126,558.11$155,000.00
2029-04-012.5%1,245.611,245.61$155,000.00
2029-10-012.5%25,000.001,245.6126,245.61$130,000.00
2030-04-012.5%933.11933.11$130,000.00
2030-10-012.5%25,000.00933.1125,933.11$105,000.00
2031-04-012.5%620.61620.61$105,000.00
2031-10-012.5%25,000.00620.6125,620.61$80,000.00
2032-04-012.5%308.11308.11$80,000.00
2032-10-012.5%25,000.00308.1125,308.11$55,000.00
2033-04-012.5%-4.39-4.39$55,000.00
2033-10-012.5%25,000.00-4.3924,995.61$30,000.00
2034-04-012.5%-316.89-316.89$30,000.00
2035-10-012.5%30,000.00-316.8929,683.11

Totals


$270,000.00


$24,345.31


$294,345.31

City of Ypsilanti
Complete Debt Report for
2016 WATER SUPPLY AND SEWAGE DISPOSAL SYSTEM: 2016


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: Revenue - Water & Sewer
Issuance Date: 2016-08-26
Issuance Amount: $8,455,000
Interest Rate: 1.91328%
Maturing Through: 2027
Principal Maturity Range: $535,000 - $1,205,000
Internal Number: 486
Registrar / Agent: HUNTINGTON
Series: 2016
Fund Number: 486

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-09-014%%1,135,000.0081,700.001,216,700.00$2,950,000.00
2025-03-014%%59,000.0059,000.00$2,950,000.00
2025-09-014%%1,175,000.0059,000.001,234,000.00$1,775,000.00
2026-03-014%%35,500.0035,500.00$1,775,000.00
2026-09-014%%1,205,000.0035,500.001,240,500.00$570,000.00
2027-03-014%%11,400.0011,400.00$570,000.00
2027-09-014%%570,000.0011,400.00581,400.00

Totals


$4,085,000.00


$293,500.00


$4,378,500.00

City of Ypsilanti
Complete Debt Report for
SERIES 2016A(TAXABLE) LTGO REFUNDING BONDS: SERIES A


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: General Obligation
Issuance Date: 2016-03-29
Issuance Amount: $8,240,000
Interest Rate: 3.34039
Maturing Through: 2031
Principal Maturity Range: $400,000 - $735,000
Internal Number: 304
Registrar / Agent: Huntington
Series: SERIES A
Purpose: REFUND 2006 LTGO BONDS(477)
Fund Number: 304

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-11-012.94%%79,847.7579,847.75$4,475,000.00
2025-05-012.94%%560,000.0079,847.75639,847.75$3,915,000.00
2025-11-013.09%%71,615.7571,615.75$3,915,000.00
2026-05-013.09%%580,000.0071,615.75651,615.75$3,335,000.00
2026-11-013.24%%62,654.7562,654.75$3,335,000.00
2027-05-013.24%%605,000.0062,654.75667,654.75$2,730,000.00
2027-11-013.45%%52,853.7552,853.75$2,730,000.00
2028-05-013.45%%635,000.0052,853.75687,853.75$2,095,000.00
2028-11-014.00%%41,900.0041,900.00$2,095,000.00
2029-05-014.00%%665,000.0041,900.00706,900.00$1,430,000.00
2029-11-014.00%%28,600.0028,600.00$1,430,000.00
2030-05-014.00%%695,000.0028,600.00723,600.00$735,000.00
2030-11-014.00%%14,700.0014,700.00$735,000.00
2031-05-014.00%%735,000.0014,700.00749,700.00$0.00

Totals


$4,475,000.00


$704,344.00


$5,179,344.00

City of Ypsilanti
Complete Debt Report for
SERIES 2016B(TAXABLE) LTGO REFUNDING BONDS: SERIES B


Issuance Information

Debt Type: Bonds & contracts payable
Activity Type: Government
Repayment Source: General Obligation
Issuance Date: 2016-03-29
Issuance Amount: $2,200,000
Interest Rate: 3.31275
Maturing Through: 2031
Principal Maturity Range: $120,000 - $180,000
Internal Number: 304
Registrar / Agent: Huntington
Series: SERIES B
Fund Number: 304

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2024-11-012.94%%20,193.5020,193.50$1,135,000.00
2025-05-012.94%%150,000.0020,193.50170,193.50$985,000.00
2025-11-013.09%%17,988.5017,988.50$985,000.00
2026-05-013.09%%150,000.0017,988.50167,988.50$835,000.00
2026-11-013.24%%15,671.0015,671.00$835,000.00
2027-05-013.24%%155,000.0015,671.00170,671.00$680,000.00
2027-11-013.45%%13,160.0013,160.00$680,000.00
2028-05-013.45%%160,000.0013,160.00173,160.00$520,000.00
2028-11-014.00%%10,400.0010,400.00$520,000.00
2029-05-014.00%%165,000.0010,400.00175,400.00$355,000.00
2029-11-014.00%%7,100.007,100.00$355,000.00
2030-05-014.00%%175,000.007,100.00182,100.00$180,000.00
2030-11-014.00%%3,600.003,600.00$180,000.00
2031-05-014.00%%180,000.003,600.00183,600.00$0.00

Totals


$1,135,000.00


$176,226.00


$1,311,226.00

City of Ypsilanti
Complete Debt Report for
BITMORE AGREEMENT:


Issuance Information

Debt Type: Other contractual debt
Activity Type: Government
Repayment Source: General Obligation
Issuance Date: 2009-10-10
Issuance Amount: $340,000
Maturing Through: 2039
Principal Maturity Range: $340,000 - $340,000
Internal Number: 412
Comments: Maturing Oct 2009

Payment Schedule

Date DueInterest RatePrincipalInterestPaymentBalance
2039-12-31340,000.00340,000.00

Totals


$340,000.00


$0.00


$340,000.00