Page 107 - 2019 Budget Detail.xlsx

CITY OF RICHLAND HILLS, TEXAS
FISCAL YEAR 2018-2019

The City has the following General Bonded Debt outstanding:

Public Property Financial Contractual Obligation, Series 2012 ($415,000)

One fully registered contractual obligation, without interest coupons, and payable in
installments was issued on February 1, 2011 for the purchase of patrol vehicles, service
trucks and equipment. The interest rate is 3.66% and the obligation matures in 2019.
The principal and interest are payable from ad valorem taxes.

General Obligation Bonds, Series 2016 ($8,770,000)

These bonds dated February 1, 2016 with interest rates of 2.00%-3.38% mature in
2046. Proceeds from the sale of the bonds were used for financing capital
improvements and parks. The bonds constitute direct obligations of the City payable
from an annual direct and continuing ad valorem tax levied against all taxable property
within the City.

General Obligation Refunding Bonds, Series 2017 ($1,525,000)

The Bonds were issued for the purpose of refunding portions of the outstanding
Combination Tax and Water and Sewer Revenue Certificates of Obligation, Series 2007
and Public Property Finance Contractual Obligations, Series 2007. The Bonds
constitute direct obligations of the City, payable, both as to principal and interest, from a
pledge of ad valorem taxes, levied from taxable property located within the City. The
Bonds dated October 27, 2017, with interest rate of 1.84% mature in 2027.

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