Page 106 - CityofEulessFY26AdoptedBudgetOrdinance2432

CITY OF EULESS
DEBT SERVICE REQUIREMENTS

TAX & WATERWORKS & SEWER SYSTEM ( LIMITED PLEDGE) REVENUE
DESCRIPTION:
CERTIFICATES OF OBLIGATION, SERIES 2020
DATED: January 14, 2020

ORIGINAL AMOUNT: $ 7, 115, 000

BOND YEARS 2020- 2024 @ 3. 50%, 2025- 2031 @ 3. 00%, 2032- 2033 @ 2. 00%,
INTEREST RATES:
2034 @ 2. 125%, 2035 @ 2. 250%, 2036- 2037 @ 2. 375% and 2038- 2040 @ 2. 50%
PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

OPTION DATE: February 15, 2029
INTEREST PRINCIPAL TOTAL
YEAR COUPON FEBRUARY 15 AUGUST 15 FEBRUARY 15 REQUIREMENTS
2026 3. 000% $ 72, 575 $ 67, 850 $ 315, 000 $ 455, 425
2027 3. 000% $ 67, 850 $ 63, 050 $ 320, 000 $ 450, 900
2028 3. 000% $ 63, 050 $ 58, 100 $ 330, 000 $ 451, 150
2029 3. 000% $ 58, 100 $ 53, 000 $ 340, 000 $ 451, 100
2030 3. 000% $ 53, 000 $ 47, 675 $ 355, 000 $ 455, 675
2031 3. 000% $ 47, 675 $ 42, 200 $ 365, 000 $ 454, 875
2032 2. 000% $ 42, 200 $ 38, 500 $ 370, 000 $ 450, 700
2033 2. 000% $ 38, 500 $ 34, 700 $ 380, 000 $ 453, 200
2034 2. 125% $ 34, 700 $ 30, 556 $ 390, 000 $ 455, 256
2035 2. 250% $ 30, 556 $ 26, 113 $ 395, 000 $ 451, 669
2036 2. 375% $ 26, 113 $ 21, 303 $ 405, 000 $ 452, 416
2037 2. 375% $ 21, 303 $ 16, 375 $ 415, 000 $ 452, 678
2038 2. 500% $ 16, 375 $ 11, 063 $ 425, 000 $ 452, 438
2039 2. 500% $ 11, 063 $ 5, 625 $ 435, 000 $ 451, 688
2040 2. 500% $ 5, 625 $ 0 $ 450, 000 $ 455, 625

TOTAL $ 588, 684 $ 516, 109 $ 5, 690, 000 $ 6, 794, 794

Proceeds from the sale of the Certificates will be used for ( i) the construction of public works, to wit: acquiring, designing, constructing,
improving, expanding and equipping one or more fire stations ( including the demolition of existing Fire Station # 1), and ( ii) professional
services rendered in relation to such projects and the financing thereof.

3- 8
Ordinance No. 2432, Page 100 of 474