Page 103 - CityofEulessFY26AdoptedBudgetOrdinance2432

CITY OF EULESS
DEBT SERVICE REQUIREMENTS

TAX & WATERWORKS & SEWER SYSTEM ( LIMITED PLEDGE) REVENUE
DESCRIPTION:
CERTIFICATES OF OBLIGATION, SERIES 2018
DATED: March 1, 2018

ORIGINAL AMOUNT: $ 9, 180, 000
BOND YEARS 2019 @ 4. 00%, 2020- 2023 @ 3. 00%, 2024- 2029 @ 4. 00%, 2030-
INTEREST RATES: 2031 @ 3. 00%, 2032- 2033 @ 3. 125%, 2034- 2035 @ 3. 250%, 2036- 2037 @
3. 3375% and 2038 @ 3. 50%
PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

OPTION DATE: February 15, 2028
INTEREST PRINCIPAL TOTAL
YEAR COUPON FEBRUARY 15 AUGUST 15 FEBRUARY 15 REQUIREMENTS
2026 4. 000% $ 77, 052 $ 72, 170 $ 244, 144 $ 393, 367
2027 4. 000% $ 72, 170 $ 67, 051 $ 255, 910 $ 395, 132
2028 4. 000% $ 67, 051 $ 61, 757 $ 264, 734 $ 393, 543
2029 4. 000% $ 61, 757 $ 56, 227 $ 276, 500 $ 394, 485
2030 3. 000% $ 56, 227 $ 51, 948 $ 285, 325 $ 393, 501
2031 3. 000% $ 51, 948 $ 47, 535 $ 294, 149 $ 393, 633
2032 3. 125% $ 47, 535 $ 42, 800 $ 302, 974 $ 393, 310
2033 3. 125% $ 42, 800 $ 37, 883 $ 314, 740 $ 395, 423
2034 3. 250% $ 37, 883 $ 32, 626 $ 323, 564 $ 394, 073
2035 3. 250% $ 32, 626 $ 27, 176 $ 335, 330 $ 395, 132
2036 3. 375% $ 27, 176 $ 21, 319 $ 347, 096 $ 395, 591
2037 3. 375% $ 21, 319 $ 11, 025 $ 610, 000 $ 642, 344
2038 3. 500% $ 11, 025 $ 0 $ 630, 000 $ 641, 025

TOTAL $ 606, 570 $ 529, 518 $ 4, 484, 466 $ 5, 620, 555

Proceeds from the sale of the Certificates will be used for ( i) the construction of public works, to wit: ( a) constructing, renovating,
enlarging, equipping and improving various streets, roads, bridges, overpasses, alleyways, thoroughfares, sidewalks, pathways and
related municipal facilities within the City, including lane markings, signage, street, drainage, curbs, gutters, ADA accessibility, traffic
signals, lighting and landscaping related thereto and the acquisition of necessary rights -of -way and land in connection therewith; ( b)
constructing, renovating, enlarging, equipping, and improving water and wastewater facilities for the City and the acquisition of
necessary rights - of -way and land in connection therewith; and ( c) renovating, improving and equipping existing City buildings and
facilities for police, fire and other City departments, including HVAC system and lighting improvements, and ( ii) professional services
rendered in relation to such projects and the financing thereof.
A portion of this debt is being paid from TIRZ/ PID- Supported General Obligation Debt as is reflected on that summary and section.
This is the portion of the debt paid by taxes.

3- 5
Ordinance No. 2432, Page 97 of 474