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Principal
Outstanding
Interest
Outstanding
Total
Outstanding
11,400,000 1,534,313 12,934,313
1,640,000 48,918 1,688,918
2019 Series 6,195,000 3,179,880 9,374,880
2021 Series 19,015,000 3,878,350 22,893,350
38,250,000 8,641,461 46,891,461
Summary of Debt Obligations
Revenue Bond
Date of Final
Payment
As of June 30, 2024, the City will have approximately $46.9M in outstanding revenue bond debt
(principal and interest). The breakdown of this General Fund and SPLOST debt is shown in the charts
below:
2021 Series Bonds - Bonds in the amount of $24,735,000 were issued through the Downtown
Development Authority to cover both General Fund and 2022 SPLOST projects. General Fund revenue
and 2022 SPLOST revenue will amortize this debt.
2005 Series
Totals
2016 Series SG
2/1/2028
2/1/2027
2/1/2040
2/1/2040
2005 Series Revenue Bonds – Bonds totaling $22,000,000 were issued through the Downtown
Development Authority to acquire, construct and renovate parks and recreation facilities.
2016 Series Smyrna Grove Revenue Bonds – Bonds totaling $6,175,000 were issued through the
Downtown Development Authority for public infrastructure and other improvements necessary for
site development at the former Hickory Lake Apartment complex. These were refinanced in 2016.
2019 Series Smyrna TAD Bonds – Bonds in the amount of $12,725,000 were issued through the
Downtown Development Authority to satisfy payments owed for infrastructure reimbursements in
the Tax Allocation District. The tax increment from the redevelopment will amortize this debt.
0
1M
2M
3M
4M
5M
6M
7M
8M
9M
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
FY 2030
FY 2034
FY 2035
FY 2036
FY 2037
FY 2038
FY 2039
Series 2021 Bonds
Series 2019 Bonds
Series 2016 Bonds SG
Series 2005 Bonds
48
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