Page 109 - CityofEulessFY26AdoptedBudgetOrdinance2432

CITY OF EULESS
DEBT SERVICE REQUIREMENTS

TAX AND WATERWORKS AND SEWER SYSTEM ( LIMITED PLEDGE) REVENUE
DESCRIPTION:
CERTIFICATES OF OBLIGATION, SERIES 2023

DATED: September 7, 2023
ORIGINAL AMOUNT: $ 20, 620, 000

INTEREST RATES: BOND YEARS 2024-2038 @ 4.000% - 5. 000%

PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
OPTION DATE: February 15, 2034
INTEREST PRINCIPAL TOTAL
YEAR COUPON FEBRUARY 15 AUGUST 15 FEBRUARY 15 REQUIREMENTS
2026 5. 000% $ 449, 275 417, 775 $ 1, 260, 000 2, 127, 050
2027 5. 000% $ 417, 775 387, 275 $ 1, 220, 000 2, 025, 050
2028 5. 000% $ 387, 275 358, 900 $ 1, 135, 000 1, 881, 175
2029 5. 000% $ 358, 900 329, 025 $ 1, 195, 000 1, 882, 925
2030 5. 000% $ 329, 025 297, 650 $ 1, 255, 000 1, 881, 675
2031 5. 000% $ 297, 650 264, 650 $ 1, 320, 000 1, 882, 300
2032 5. 000% $ 264, 650 229, 900 $ 1, 390, 000 1, 884, 550
2033 5. 000% $ 229, 900 193, 400 $ 1, 460, 000 1, 883, 300
2034 5. 000% $ 193, 400 155, 025 $ 1, 535, 000 1, 883, 425
2035 5. 000% $ 155, 025 114, 775 $ 1, 610, 000 1, 879, 800
2036 5. 000% $ 114, 775 72, 400 $ 1, 695, 000 1, 882, 175
2037 4. 000% $ 72, 400 36, 900 $ 1, 775, 000 1, 884, 300
2038 4. 000% $ 36, 900 0 $ 1, 845, 000 1, 881, 900
TOTAL $ 3, 306, 950 2, 857, 675 $ 18, 695, 000 24, 859, 625

Proceeds from the sale of the Certificates will be used for ( i) construction of public works, to wit: designing constructing, renovating,
improving, and equipping the City Police and Courts Building and, ( ii) professional services rendered in relation to such projects and
the financing thereof.

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Ordinance No. 2432, Page 103 of 474