Town Debt & Financing Information

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Long Term Debt Policy - At its meeting of May 20, 2008, the Yountville Town Council, through Resolution No. 2674-08, adopted a policy pertaining to the use of long-term debt. The use of debt is for financing capital infrastructure or unusual equipment purchases, and annual debt service payments may not exceed 25 percent of General Fund operating revenues.         

General Obligation Debt - At this time, the Town has issued no debt that is a general obligation of the property owners of Yountville.

Current Debt Service Obligations Issued by the Town

Yountville Finance Authority 2013 Lease Revenue Bonds - Associated with the seismic improvements of the town hall and acquisition, construction and installation of other capital projects within the town boundaries. The bonds are secured by a pledge of and lien on revenues, consisting primarily of Lease Payments. Principal and interest will be paid from 2013 to 2027, interest rates on the bonds range from 2.00% to 3.00%.  

Yountville Finance Authority 2017 Lease Revenue Bonds - Issued to refund the outstanding Yountville Finance Authority 2008 Lease Revenue Bonds - Associated with construction of the Yountville Community Center Project.  The bonds are secured by a pledge of and lien on revenues, consisting primarily of Lease Payments.  Principal and interest to be paid from 2018 to 2039, interest rates on the bonds range from 2.00% to 5.00%.

Fitch A+ Rating Report 2016 - Fitch Ratings issued a report and credit analysis of the Town's financial statements and financial management system, and assigned an A+ rating to the Town for its lease revenue bond offering (6/23/2016).

 

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