Page 167 - CITY OF AZLE, TEXAS
P. 167
City of Azle
Utility Fund Debt Schedule and Description of Accounts
Revenue Bonds and General Obligation Refunding Bonds
Bonds
Description, Interest Date of Original Outstanding
& Maturity Date Issue Issue 10/1/2024
Tax & Surplus Revenue Certificates of Obligation 3/1/2017 $ 1,335,000 $ 435,000
Series 2017 2.159% to 2.159%
Series Due 2/15/2018 to 2/15/2027
Purpose: Acquisition and installation of an automated meter reading system
Bond Ratings:
Standard & Poor's: AA
Tax & Utility System Revenue Certificates of Obligation 11/21/2017 $ 1,350,000 $ 920,000
Series 2017A 0.58% to 2.29%
Series Due 2/1/2018 to 2/1/2037
Purpose: Water line rehab and upgrade on Main Street in Azle
Bond Ratings:
Standard & Poor's: AA
General Obligation Refunding Bonds 8/6/2020 $ 7,685,000 $ 4,715,000
Series 2020 1.09% to 1.09%
Series Due 2/1/2021 to 2/1/2030
Purpose: Refunding of previously issued debt to upgrade the City's wastewater treatment plant
Bond Ratings:
Standard & Poor's: AA
City of Azle FY 2024-2025 Budget 156
