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CITY OF MYRTLE BEACH, SOUTH CAROLINA NOTES TO FINANCIAL STATEMENTS June 30, 2010

General Obligation Bonds (continued): Series 2006B Series 2006C Series 2008A Series 2009A

2,730,000

4.00 - 5.00%

2,500,000

4.00 - 6.00

12,300,000

4.50 - 5.13

625,000

3.41

$

Original Issue Amount

Interest Rates

03/01/31 03/01/26 03/01/33 03/01/17

$

2,585,000 2,165,000 10,035,000

$

560,000 45,780,000

Final Maturity Date

Amount

Certificates of Participation: Series 2002 Refunding Series 2010

4,130,000 9,820,000

3.00 - 4.75 2.50 - 4.00

06/01/23 07/01/17

Tax Increment Revenue Bonds: Series 2006A Series 2006B Series 2009

30,795,000 10,050,000 10,065,000

5.25 - 5.30 7.50 3.00 - 5.00

10/01/35 10/01/31 03/01/34

Storm Water Revenue Bonds: Series 2004 Series 2010

10,499,052 2,773,380

3.25 1.67

05/01/27 02/01/30

Hospitality Fee Revenue Bonds: Series 2004A Series 2004B

44,260,000 5,400,000

4.00 - 5.38 5.38 - 5.75

06/01/36 06/01/19

Note Payable: 2006

2,897,500

4.88

11/07/10

$

9,323,165

2,730,060

$

12,053,225

$

44,260,000

5,400,000

$

49,660,000

$

1,947,500

$

3,020,000

9,820,000

$

12,840,000

$

$

30,795,000 9,574,821 10,065,000 50,434,821

985,936

4.05

04/01/12

$

499,592

257,174

4.82

08/15/11

135,121

3,712,713

4.15

08/01/18

3,538,318

370,487

5.00

05/22/13

229,632

685,000

3.19

10/01/14

685,000

General Obligation Bonds

General obligation bonds are direct obligations and pledge the full faith and credit of the City. The City issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. The general obligation bonds are to be repaid with property tax revenues. Annual debt service requirements to maturity for the general obligation bonds are as follows:

  • -

    56 -

Capital Lease Obligations: 2004 2007 2007 2009 2010

$

5,087,663

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