Page 108 - CityofEulessFY26AdoptedBudgetOrdinance2432
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CITY OF EULESS
DEBT SERVICE REQUIREMENTS
DESCRIPTION: TAX NOTES, SERIES 2022
DATED: September 20, 2022
ORIGINAL AMOUNT: $ 7, 660, 000
INTEREST RATES: 2. 89%
PAYING AGENT: ZIONS BANC
OPTION DATE: N/ A
INTE REST PRINCIPAL TOTAL
YEAR INTEREST FEBRUARY 15 AUGUST 15 FEBRUARY 15 REQUIREMENTS
2026 2. 890% $ 65, 386 $ 49, 708 $ 1, 085, 000 $ 1, 200, 094
2027 2. 890% $ 49, 708 $ 33, 596 $ 1, 115, 000 $ 1, 198, 304
2028 2. 890% $ 33, 596 $ 17, 051 $ 1, 145, 000 $ 1, 195, 647
2029 2. 890% $ 17, 051 $ 0 $ 1, 180, 000 $ 1, 197, 051
TOTAL 165, 742 $ 100, 355 $ 4, 525, 000 $ 4, 791, 097
Proceeds from the sale of the Notes will be used for: ( i) acquiring, designing, constructing, improving, expanding and equipping one or more fire
stations, and ( ii) the costs of professional services rendered in connection with the financing thereof.
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Ordinance No. 2432, Page 102 of 474
