Page 10 - Moreno Valley 2025 Bonded Debt Summary

2020 TOTAL ROAD IMPROVEMENT PROGRAM

CER TIFICATES OF PAR TICIPATION (COP s )

ORIGINAL ISSUE ISSUANCE MATURITY INTEREST
AMOUNT DA TE DA TE RA TES

$20,970,000 10/08/2020 6/01/2039 0.435% - 3.238%

DESCRIPTION
The 2020 Total Road Improvement Program Certificates of Participation (COPs) were issued in August 2020 to refund the
2013 Total Road Improvement Program Certificates of Participation (COPs). The original bonds funded the construction of
certain roadway improvements, including the extension of Nason Street between Cactus Avenue and Fir Avenue and the
Perris Boulevard widening between Ironwood Avenue and Manzanita Avenue.

REPAYMENT SOURCE
The repayment source for these bonds is the Measure A Fund.

PREPAYMENT PROVISIONS
Optional prepayment continuously after 6/1/30.

SECURITY
The bonds are secured by the pledge of future Measure A revenues.

DEBT SERVICE SCHEDULE
The annual debt service requirements for the 2020 Total Road Improvement Program COPs outstanding on June 30, 2025, are as
follows:

2020 TOTAL ROAD IMPROVEMENT PROGRAM
CERTIFICATES OF PARTICIPATION

YEAR ENDING PRINCIPAL INTEREST INTEREST RATE
JUNE 30,
2026 990,000 404,695 1.402%
2027 1,005,000 390,815 1.602%
2028 1,015,000 374,715 1.919%
2029 1,040,000 355,238 2.019%
2030 1,060,000 334,240 2.119%
2031-2035* 5,685,000 1,290,909 2.269%-2.769%
2036-2039* 5,160,000 424,664 2.769%-3.238%

$15,955,000 $3,575,276

*Represents the total amount due during the specified period.