Page 129 - CITY OF AZLE, TEXAS

City of Azle
General Obligation Debt Service Fund
Schedule and Description of Accounts
Certificates of Obligation and General Obligation Refunding Bonds

Bonds
Description, Interest Date of Original Outstanding
& Maturity Date Issue Issue 10/1/2024
Certificates of Obligation 10/20/2016 $ 9,390,000 $ 8,490,000
Series 2016 2.0% to 4.0%
Series Due 2/1/2017 to 2/1/2041
Purpose: Construction of new City Hall and Police Station facilities
Bond Ratings:
Standard & Poor's: AA

General Obligation Refunding Bonds 3/1/2017 $ 1,745,000 $ 520,000
Series 2017 2.159% to 2.159%
Series Due 8/15/2017 to 8/15/2027
Purpose: Refunding of previously issued debt for road and bridge construction
Bond Ratings:
Standard & Poor's: AA

General Obligation Refunding Bonds 11/1/2020 $ 1,905,000 $ 1,230,000
Series 2020A 1.19% to 1.19%
Series Due 2/15/2021 to 2/15/2031
Purpose: Refunding of previously issued debt for Fire Station and Animal Shelter construction
Bond Ratings:
Standard & Poor's: AA

Certificates of Obligation 6/4/2024 $ 5,740,000 $ 5,740,000
Series 2024 4.125% to 5.0%
Series Due 2/15/2025 to 2/15/2045
Purpose: Reconstruction and Expansion of Dunaway Lane
Bond Ratings:
Standard & Poor's: AA

City of Azle FY 2024-2025 Budget 118