Page 105 - CityofEulessFY26AdoptedBudgetOrdinance2432
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CITY OF EULESS
DEBT SERVICE REQUIREMENTS
TAX & WATERWORKS & SEWER SYSTEM ( LIMITED PLEDGE) REVENUE
DESCRIPTION:
CERTIFICATES OF OBLIGATION, SERIES 2019
DATED: January 15, 2019
ORIGINAL AMOUNT: $ 11, 785, 000
BOND YEARS 2020- 2024 @ 3. 00%, 2025- 2028 @ 4. 00%, 2029- 2031 @ 5. 00%,
INTEREST RATES:
2032- 2035 @ 4. 00%, 2036 @ 3. 250%, 2037- 2038 @ 3. 3375% and 2039 @ 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% $ 185, 728 $ 175, 728 $ 500, 000 $ 861, 456
2027 4. 000% $ 175, 728 $ 165, 328 $ 520, 000 $ 861, 056
2028 4. 000% $ 165, 328 $ 154, 528 $ 540, 000 $ 859, 856
2029 5. 000% $ 154, 528 $ 140, 403 $ 565, 000 $ 859, 931
2030 5. 000% $ 140, 403 $ 125, 528 $ 595, 000 $ 860, 931
2031 5. 000% $ 125, 528 $ 109, 903 $ 625, 000 $ 860, 431
2032 4. 000% $ 109, 903 $ 96, 803 $ 655, 000 $ 861, 706
2033 4. 000% $ 96, 803 $ 83, 203 $ 680, 000 $ 860, 006
2034 4. 000% $ 83, 203 $ 69, 003 $ 710, 000 $ 862, 206
2035 4. 000% $ 69, 003 $ 54, 303 $ 735, 000 $ 858, 306
2036 3. 250% $ 54, 303 $ 41, 872 $ 765, 000 $ 861, 175
2037 3. 375% $ 41, 872 $ 28, 541 $ 790, 000 $ 860, 413
2038 3. 375% $ 28, 541 $ 14, 788 $ 815, 000 $ 858, 328
2039 3. 500% $ 14, 788 $ 0 $ 845, 000 $ 859, 788
TOTAL $ 1, 445, 659 $ 1, 259, 931 $ 9, 340, 000 $ 12, 045, 591
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.
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Ordinance No. 2432, Page 99 of 474
