Speed of Repayment
The speed of repayment of debt is based upon a number of factors, including:
- Type of project financed
- Useful economic life of the project financed
- Fund source available for repayment
- Prevailing interest rates at the time of borrowing
- Repayment pattern of already existing debt
Balance
The following chart shows the projected outstanding principal balance of existing direct City debt, its intended source of repayment, and the percentage of principal repaid at key points in the future.