Riverside City Council
November 14, 2023

Airport Loan Est. Annual
Issue Title: Airport Loan: California Dept of Transportation Debt Category: Loans
Issue Date: 11/1/2023
First Payment Date: 2/1/2023
Loan Amount $2,000,000.00
Annual Interest Rate 5.00%
Years 17
Payments per Year 1
Insuranc
e: None
Res
erve Account: None
Notes: 17 Year Term - 5% Projected Interest Rate
Principal Payment Due
Date Fiscal Year Principal Interest
Total Debt Service
Per CY
Total Debt Service
Per Fiscal Year
2/1/2024 2024 77,398.28 100,000.00 177,398.28 177,398.28 1 2/1/2025 2025 81,268.20 96,130.09 177,398.28 177,398.28 2 2/1/2026 2026 85,331.61 92,066.68 177,398.28 177,398.28 3 2/1/2027 2027 89,598.19 87,800.10 177,398.28 177,398.28 4 2/1/2028 2028 94,078.10 83,320.19 177,398.28 177,398.28 5 2/1/2029 2029 98,782.00 78,616.28 177,398.28 177,398.28 6 2/1/2030 2030 103,721.10 73,677.18 177,398.28 177,398.28 7 2/1/2031 2031 108,907.16 68,491.13 177,398.28 177,398.28 8 2/1/2032 2032 114,352.52 63,045.77 177,398.28 177,398.28 9 2/1/2033 2033 120,070.14 57,328.14 177,398.28 177,398.28 10 2/1/2034 2034 126,073.65 51,324.64 177,398.28 177,398.28 11 2/1/2035 2035 132,377.33 45,020.95 177,398.28 177,398.28 12 2/1/2036 2036 138,996.20 38,402.09 177,398.28 177,398.28 13 2/1/2037 2037 145,946.01 31,452.28 177,398.28 177,398.28 14 2/1/2038 2038 153,243.31 24,154.98 177,398.28 177,398.28 15 2/1/2039 2039 160,905.47 16,492.81 177,398.28 177,398.28 16 2/1/2040 2040 168,950.75 8,447.54 177,398.28 177,398.28 17 2,000,000.00 1,015,770.82 3,015,770.82 3,015,770.82