District Debt Structure
Potomac Farms Metro District
In 2002, the District issued bonds totaling approximately $4.3 million and used the net cash proceeds to fund the construction of the infrastructure (e.g. streets, sidewalks, open spaces, utility lines, etc) within the Potomac Farms neighborhoods.
On January 13, 2021, the District borrowed $7,032,000 from BBVA Bank for the purpose of refinancing its existing debt and funding $2.2 million for a new capital project. The Series 2021 Bank Loan is due December 1, 2040, with a fixed stated annual interest rate of 2.35%, paid semiannually on June 1 and December 1. The Series 2021 Bank Loan may be prepaid prior to maturity at the option of the District beginning December 01, 2025 subject to prepayment penalties and may be prepaid without prepayment penalties beginning on December 01, 2030.
The repayment schedule for the District's Series 2021 Bank Loan is as follows:
| Year Ended December 31 | Principal | Interest | Total Payment Due |
| 2021 | $ 249,000 | $ 145,973 | $ 394,973 |
| 2022 | 287,000 | 159,401 | 446,401 |
| 2023 | 294,000 | 152,656 | 446,656 |
| 2024 | 301,000 | 145,747 | 446,747 |
| 2025 | 308,000 | 138,674 | 446,674 |
| 2026 | 315,000 | 131,436 | 446,436 |
| 2027 | 323,000 | 124,033 | 447,033 |
| 2028 | 330,000 | 116,443 | 446,443 |
| 2029 | 338,000 | 108,688 | 446,688 |
| 2030 | 346,000 | 100,745 | 446,745 |
| 2031 | 354,000 | 92,614 | 446,614 |
| 2032 | 362,000 | 84,295 | 446,295 |
| 2033 | 371,000 | 75,788 | 446,788 |
| 2034 | 380,000 | 67,069 | 447,069 |
| 2035 | 389,000 | 58,139 | 447,139 |
| 2036 | 398,000 | 48,998 | 446,998 |
| 2037 | 407,000 | 39,645 | 446,645 |
| 2038 | 417,000 | 30,080 | 447,080 |
| 2039 | 426,000 | 20,281 | 446,281 |
| 2040 | 437,000 | 10,270 | 447,270 |
| $ 7,032,000 | $ 1,850,273 | $ 8,882,969 |
Interest is payable each year on June 1st and December 1st, and principal payments are due each year on December 1st.