Page 112 - CityofEulessFY26AdoptedBudgetOrdinance2432

CITY OF EULESS
DEBT SERVICE REQUIREMENTS
TAX & WATERWORKS & SEWER SYSTEM ( LIMITED PLEDGE) REVENUE
DESCRIPTION:
CERTIFICATES OF OBLIGATION, SERIES 2018
DATED: March 1, 2018
ORIGINAL AMOUNT: $ 9, 180, 000
BOND YEARS 2019 @ 4. 00%, 2020- 2023 @ 3. 00%, 2024- 2029 @ 4. 00%, 2030-
INTEREST RATES: 2031 @ 3. 00%, 2032- 2033 @ 3. 125%, 2034- 2035 @ 3. 250%, 2036- 2037 @
3. 3375% and 2038 @ 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% $ 39, 004 $ 35, 586 $ 170, 856 $ 245, 446
2027 4. 000% $ 35, 586 $ 32, 005 $ 179, 090 $ 246, 681
2028 4. 000% $ 32, 005 $ 28, 299 $ 185, 266 $ 245, 570
2029 4. 000% $ 28, 299 $ 24, 429 $ 193, 500 $ 246, 228
2030 3. 000% $ 24, 429 $ 21, 434 $ 199, 675 $ 245, 538
2031 3. 000% $ 21, 434 $ 18, 346 $ 205, 851 $ 245, 631
2032 3. 125% $ 18, 346 $ 15, 034 $ 212, 026 $ 245, 406
2033 3. 125% $ 15, 034 $ 11, 592 $ 220, 260 $ 246, 886
2034 3. 250% $ 11, 592 $ 7, 912 $ 226, 436 $ 245, 940
2035 3. 250% $ 7, 912 $ 4, 099 $ 234, 670 $ 246, 681
2036 3. 375% $ 4, 099 $ 0 $ 242, 904 $ 247, 003
TOTAL $ 237, 740 $ 198, 736 $ 2, 270, 534 $ 2, 707, 010

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.

A portion of this debt is being paid from Tax -Supported General Obligation Debt as is reflected on that summary and section. This
is the portion of the debt paid by TIRZ/ PID sources.

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Ordinance No. 2432, Page 106 of 474