Robert Crown Center Debt Service Sale & Projections

Current debt repayment for bonds issued for the Crown project is $69,815,822.

The City has authorized sale of another $12,330,000 in bond sales, which, if issued at current interest rates, would bring the total debt repayment to $91,653,194, or about an additional $1 million per year.

Debt Schedule for the new Robert Crown Center & Library

as of May 15, 2019 bond sale

2016A (CrownCIP) 2017A (Crown CIP) 2018A 2018B (Crown CIP/Lib) 2019A 2019B (Crown Lib)
TOTALS
Period Ending Principal+Interest Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
2017 $67,930 67,930
2018 $67,793 $27,600 $34,445 $16,486 146,324
2019 $67,349 $32,000 $29,790 $998,868 $52,060 $16,169 1,196,236
2020 $67,217 $33,200 $28,510 $998,868 $52,060 $664,250 $51,060 1,895,165
2021 $67,783 $34,800 $27,182 $998,868 $52,060 $664,250 $51,060 1,896,002
2022 $67,928 $36,000 $25,790 $570,000 $998,868 $13,684 $52,060 $345,000 $664,250 $51,060 2,824,640
2023 $67,943 $37,600 $24,350 $595,000 $970,368 $14,064 $51,376 $365,000 $647,000 $13,158 $51,060 2,836,918
2024 $67,885 $39,200 $22,846 $750,000 $940,618 $58,538 $50,674 $380,000 $628,750 $13,523 $50,389 3,002,423
2025 $67,513 $40,800 $21,278 $785,000 $903,118 $61,579 $47,746 $400,000 $609,750 $56,287 $49,699 3,042,769
2026 $67,702 $42,400 $19,646 $825,000 $863,868 $64,620 $44,668 $420,000 $589,750 $59,211 $46,828 3,043,693
2027 $63,794 $44,000 $17,950 $865,000 $822,618 $68,041 $41,436 $440,000 $568,750 $62,135 $43,809 3,037,532
2028 $63,517 $45,600 $16,190 $910,000 $779,368 $71,462 $38,034 $465,000 $546,750 $65,424 $40,640 3,041,985
2029 $63,590 $47,200 $14,822 $955,000 $733,868 $74,883 $34,462 $485,000 $523,500 $68,713 $37,303 3,038,342
2030 $63,575 $48,400 $13,406 $1,005,000 $686,118 $78,684 $30,718 $510,000 $499,250 $72,003 $33,799 3,040,953
2031 $63,405 $50,000 $11,954 $1,055,000 $635,868 $82,485 $26,784 $535,000 $473,750 $75,658 $30,127 3,040,031
2032 $63,938 $51,600 $10,454 $1,105,000 $583,118 $86,667 $22,658 $560,000 $447,000 $79,313 $26,268 3,036,016
2033 $63,628 $53,200 $8,906 $1,140,000 $548,588 $89,327 $19,950 $590,000 $419,000 $83,333 $22,223 3,038,156
2034 $63,584 $54,800 $7,310 $1,175,000 $511,538 $92,368 $17,048 $620,000 $389,500 $85,892 $19,567 3,036,607
2035 $63,502 $56,400 $5,598 $1,215,000 $471,882 $95,409 $13,930 $650,000 $358,500 $88,816 $16,719 3,035,756
2036 $63,306 $58,000 $3,836 $1,260,000 $430,876 $98,450 $10,710 $685,000 $326,000 $91,740 $13,662 3,041,579
2037 $0 $60,000 $1,951 $1,300,000 $386,776 $101,871 $7,264 $715,000 $291,750 $94,664 $10,504 2,969,779
2038 $0 $1,350,000 $341,276 $105,673 $3,698 $755,000 $256,000 $97,953 $7,124 2,916,725
2039 $0 $1,395,000 $294,026 $790,000 $218,250 $101,608 $3,627 2,802,512
2040 $0 $1,445,000 $245,200 $830,000 $178,750 2,698,950
2041 $0 $1,500,000 $187,400 $870,000 $137,250 2,694,650
2042 $0 $1,560,000 $127,400 $915,000 $93,750 2,696,150
2043 $0 $1,625,000 $65,000 $960,000 $48,000 2,698,000
TOTALS $1,312,883 $892,800 $346,214 $24,385,000 $15,524,364 $1,257,805 $685,882 $13,285,000 $10,243,750 $1,209,430 $672,695 $69,815,822
Robert Crown Debt Service Projections
Robert Crown Debt Service Projections
Source: City of Evanston
Click to Enlarge
City of Evanston 2018 Approved Budget
2018 GO Bond Issuance Ordinance, pg. 89
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