1. City of Palm Coast, Florida
Mark P. Galvin Director 450 S. Orange Avenue, Suite 460 Orlando, Florida Tel
December 13, 2016
CRA and Wastewater SRF Loan Refunding Summary
City of Palm Coast, Florida

2. Redevelopment Refunding Revenue Note,
State Road 100 Corridor Community Redevelopment Agency (CRA) Debt Profile
CRA
Redevelopment Refunding Revenue Note,
Series 2012
Series 2014 (Taxable)
Original Amount
$5,448,000
$5,839,000
Par Outstanding
$3,795,000
$5,230,000
Interest Rates
2.29%
4.44%
Final Maturity
10/1/2024
10/1/2028
Max Annual Debt Service
$527,639
$876,004
Callable
Payment 101%
101%
Debt Service Reserve
None
Purpose
Refunding of Series 2009 Note and
New Money
Refund Certain Outstanding Promissory Notes
Security
CRA Revenues
Lead Underwriter / Lender
BB&T
Ameris Bank
Credit
N/A
Underlying Rating

3. Revenue Refunding Note, Improvement and Ref. Refunding Bonds,
Utility System Debt Profile – Senior Lien Debt
Utility System
Revenue Refunding Note,
Series 2016
Improvement and Ref. Refunding Bonds,
Series 2013
Original Amount
$40,193,000
$89,600,000
Par Outstanding
$39,347,000
$81,250,000
Interest Rates
2.48%
2.00%-5.00%
Final Maturity
10/1/2036
Max Annual Debt Service
$2,521,887
$6,805,000
Callable
100%
100%
Debt Service Reserve
None
Purpose
Refunding of Series 2007 Bonds
Refunding of Series 2003 Bonds
Security
Net Revenues of the Utility System
Sewer System and Water System Capital Facilities Fees
Lead Underwriter / Lender
Ameris Bank
Barclays
Credit
N/A
Underlying Rating
NR/A+/A+

4. State Revolving Loan Fund
Utility System Debt Profile – Subordinate Debt – Wastewater SRF Loans
SRF Loan #WW903080
2010
SRF Loan #WW903050
2008
SRF Loan #WW90303S
2005
SRF Loan #WW90302S
Original Amount
$5,999,136
$7,668,560
$13,281,775
$2,734,789
Par Outstanding
$3,698,188
$4,871,166
$7,103,524
$1,406,588
Interest Rates
2.54%
2.60%
2.71%
Final Maturity
6/15/2028
6/15/2026
12/15/2025
Max Annual Debt Service
$372,855
$491,116
$848,708
$177,172
Callable
100%
Debt Service Reserve
None
Purpose
New Money
Security
Net Revenues of
Utility System
Lead Underwriter / Lender
State Revolving Loan Fund
Credit
N/A
Underlying Rating
*Source – City of Palm Coast Finance Department