City of Chicago
Water Refunding Series 2004 (principal due Nov 1 2026)
Exact amount: $31,035,000.00
Calendar year 2026
Our estimateDerived from printed numbers: 2004 bonds outstanding $64,380,000 before the 2026 deal, less the 2027 maturity ($32,700,000 refunded plus $645,000 tendered) = $31,035,000 left, which is the amount maturing Nov 1 2026. Check: with the 2000 bonds' $5,000,000 interest and 5% interest on $64,380,000, it reproduces the 2016 statement's printed 2026 column ($39,254,000) and 2027 column ($40,012,250) to the dollar. As scheduled BEFORE the 2026 refunding: the November 2026 refunding and May 2026 tender remove the 2027 and later maturities of this series from the 2026 official statement's totals, but the bonds still pay interest until they are redeemed on 11/1/2026 (paid from the refunding escrow). The 2025 budget ordinance was written before that deal.
This is one bond's yearly payment to the people who lent the money, and it is already as small as the bond itself.
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