Page 111 - CityofEulessFY26AdoptedBudgetOrdinance2432
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CITY OF EULESS
DEBT SERVICE REQUIREMENTS
TAX & WATERWORKS & SEWER SYSTEM ( LIMITED PLEDGE)
DESCRIPTION: REVENUE CERTIFICATES OF OBLIGATION, SERIES 2016
MIDTOWN DEVELOPMENT)
DATED: January 12, 2016
ORIGINAL AMOUNT: $ 16, 450, 000
INTEREST RATES: BOND YEARS 2016-2041 @2. 000% - 4. 000%
PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
OPTION DATE: August 15, 2026
INTEREST PRINCIPAL TOTAL
YEAR COUPON FEBRUARY 15 AUGUST 15 AUGUST 15 REQUIREMENTS
2026 3. 000% $ 187, 231 $ 187, 231 $ 620, 000 $ 994, 463
2027 3. 000% $ 177, 931 $ 177, 931 $ 640, 000 $ 995, 863
2028 3. 000% $ 168, 331 $ 168, 331 $ 660, 000 $ 996, 663
2029 3. 000% $ 158, 431 $ 158, 431 $ 680, 000 $ 996, 863
2030 3. 000% $ 148, 231 $ 148, 231 $ 700, 000 $ 996, 463
2031 3. 000% $ 137, 731 $ 137, 731 $ 720, 000 $ 995, 463
2032 3. 000% $ 126, 931 $ 126, 931 $ 745, 000 $ 998, 863
2033 3. 000% $ 115, 756 $ 115, 756 $ 765, 000 $ 996, 513
2034 3. 000% $ 104, 281 $ 104, 281 $ 790, 000 $ 998, 563
2035 3. 000% $ 92, 431 $ 92, 431 $ 810, 000 $ 994, 863
2036 3. 125% $ 80, 281 $ 80, 281 $ 835, 000 $ 995, 563
2037 3. 125% $ 67, 234 $ 67, 234 $ 865, 000 $ 999, 469
2038 3. 125% $ 53, 719 $ 53, 719 $ 890, 000 $ 997, 438
2039 3. 250% $ 39, 813 $ 39, 813 $ 920, 000 $ 999, 625
2040 3. 250% $ 24, 863 $ 24, 863 $ 950, 000 $ 999, 725
2041* 3. 250% $ 9, 425 $ 0 $ 580, 000 $ 589, 425
TOTAL $ 1, 692, 622 $ 1, 683, 197 $ 12, 170, 000 $ 15, 545, 819
Proceeds from the sale of the Certificates will be used for ( i) public infrastructure including demolishing dangerous
structures, streets, street improvements, water and wastewater, drainage, curbs, gutters, sidewalks, entryways,
signage, lighting, traffic signalization and other public improvements thereto and the acquisition of land and rights -of -
way therefor and ( ii) professional services rendered in relation to such projects and the financing thereof.
In 2041, Principal payment and final maturity is February 15, 2041.
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Ordinance No. 2432, Page 105 of 474
