Salinas City Council
December 3, 2024

City of Salinas
2024 Equipment Lease
Photovoltaic & Generator Equipment
**Estimated Debt Service**
Net Debt Service Schedule
Date Principal Cou pon Interest Total P+I CIF Net New D/S 06/01/2025 - - 90,663.41 90,663.41 (90,663.41) -
06/01/2026 52,000.00 4.255% 201,474.26 253,474.26 - 253,474.26 06/01/2027 66,000.00 4.255% 199,261.66 265,261.66 - 265,261.66 06/01/2028 80,000.00 4.255% 196,453.36 276,453.36 - 276,453.36 06/01/2029 97,000.00 4.255% 193,049.36 290,049.36 - 290,049.36 06/01/2030 114,000.00 4.255% 188,922.00 302,922.00 - 302,922.00 06/01/2031 133,000.00 4.255% 184,071.30 317,071.30 - 317,071.30 06/01/2032 153,000.00 4.255% 178,412.16 331,412.16 - 331,412.16 06/01/2033 174,000.00 4.255% 171,902.00 345,902.00 - 345,902.00 06/01/2034 197,000.00 4.255% 164,498.30 361,498.30 - 361,498.30 06/01/2035 222,000.00 4.255% 156,115.96 378,115.96 - 378,115.96 06/01/2036 249,000.00 4.255% 146,669.86 395,669.86 - 395,669.86 06/01/2037 277,000.00 4.255% 136,074.90 413,074.90 - 413,074.90 06/01/2038 308,000.00 4.255% 124,288.56 432,288.56 - 432,288.56 06/01/2039 340,000.00 4.255% 111,183.16 451,183.16 - 451,183.16 06/01/2040 375,000.00 4.255% 96,716.16 471,716.16 - 471,716.16 06/01/2041 412,000.00 4.255% 80,759.90 492,759.90 - 492,759.90 06/01/2042 452,000.00 4.255% 63,229.30 515,229.30 - 515,229.30 06/01/2043 494,000.00 4.255% 43,996.70 537,996.70 - 537,996.70 06/01/2044 540,000.00 4.255% 22,977.00 562,977.00 - 562,977.00 Total $4,735,000.00 - $2,750,719.31 $7,485,719.31 (90,663.41) $7,395,055.90 11/20/2024 | 8:55 AM
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