Annual debt service has held roughly flat across the years we have data for.
Payment history
Annual debt service across every fiscal year column the source budget doc carries. Stack segments separate principal (the part that pays down the loan), interest (the cost of borrowing), and reserve (where applicable, contractually required set-aside).
| FY | Principal | Interest | Reserve | Total |
|---|---|---|---|---|
| FY 26/27 | $205,430 | $0 | $0 | $205,430 |
| Total to date | $0 | $0 | $0 | $205,430 |
Authorizing resolutions
The village board actions that authorized this instrument, in chronological order. The latest sets the active face value used in the outstanding-balance estimate.
- 2021-04-01amendment_of_bond$8,500,000BOND RESOLUTION OF THE VILLAGE OF RED HOOK, NEW YORK, ADOPTED JUNE 13, 2016 AND AMENDED APRIL 1, 2021, AUTHORIZING THE ESTABLISHMENT AND CONSTRUCTION OF A SEWER SYSTEM, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $8,500,000 TO FINANCE SAID APPROPRIATION
Establishment and construction of a sewer system, including wastewater treatment plant acquisition and expansion, collection and lateral pipe construction, and acquisition of easements.
Amends: June 13, 2016 bond resolution
- 2023-11-02refunding$3,673,000active face valueREFUNDING BOND RESOLUTION OF THE VILLAGE OF RED HOOK, NEW YORK, ADOPTED NOVEMBER 2, 2023, AUTHORIZING THE REFUNDING OF CERTAIN OUTSTANDING BONDS OF SAID VILLAGE, STATING THE PLAN OF REFUNDING, APPROPRIATING AN AMOUNT NOT TO EXCEED $3,673,000 FOR SUCH PURPOSE, AUTHORIZING THE ISSUANCE OF REFUNDING BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $3,673,000 TO FINANCE SAID APPROPRIATION, AND MAKING CERTAIN OTHER DETERMINATIONS RELATIVE THERETO
To refund certain outstanding bonds previously issued for the establishment and construction of a sewer system to achieve present value debt service savings.
Amends: June 13, 2016 and amended April 1, 2021 bond resolution