Debt Service Requirements

Debt Service Requirements 2019 Though 2020

  • Local Government Name: City of Westland
  • Local Unit Code: 822310
  • Current Fiscal Year End Date: 30 June, 2020
  1. 2018 Fire Truck Lease to Purchase
  2. City of Westland Building Authority Refunding Bonds
  3. Michigan Municipal Bond Authority SQWIF 30-14-01
  4. Michigan Municipal Bond Authority SRF 5398-01
  5. City Hall Lease Purchase
  6. TIFA - City Hall & Fire Station Bonds
  7. 2014 DDA - Farmers Market Bonds
  8. 2014 CIP Bonds
  9. 2015 CIP Bonds
  10. Section 108 Loan

2018 Fire Truck Lease to Purchase

  • Issued March 2018
  • $680,000
  • Payments to come from the Capital Improvement Fund
Years EndingPrincipalInterestTotal
30 June 2020$90,600$20,319$110,920
30 June 2021$93,708$17,212$110,920
30 June 2022$96,922$13,998$110,920
30 June 2023$100,247$10,673$110,920
30 June 2024$103,685$7,235$110,920
30 June 2025$107,242$3,678$110,920
Totals$592,404$73,115$665,520