Page 114 - CityofEulessFY26AdoptedBudgetOrdinance2432
P. 114
CITY OF EULESS
DEBT SERVICE REQUIREMENTS
DESCRIPTION: WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 2013
DATED: June 25, 2013
ORIGINAL AMOUNT: 1, 585, 000
INTEREST RATES: BOND YEAR 2012- 2033 @ 2. 00% - 5. 00%
PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
OPTION DATE: July 25, 2023
INTEREST PRINCIPAL TOTAL
YEAR COUPON JANUARY 15 JULY 15 JULY 15 REQUIREMENTS
2026 4. 000% $ 18, 425 $ 18, 425 80, 000 116, 850
2027 4. 500% $ 16, 825 $ 16, 825 85, 000 118, 650
2028 4. 500% $ 14, 913 $ 14, 913 90, 000 119, 825
2029 4. 500% $ 12, 888 $ 12, 888 95, 000 120, 775
2030 5. 000% $ 10, 750 $ 10, 750 100, 000 121, 500
2031 5. 000% $ 8, 250 $ 8, 250 105, 000 121, 500
2032 5. 000% $ 5, 625 $ 5, 625 110, 000 121, 250
2033 5. 000% $ 2, 875 $ 2, 875 115, 000 120, 750
TOTAL 90, 550 $ 90, 550 780, 000 961, 100
Proceeds from the sale of the Bonds will be used for ( i) the construction, acquisition, purchase,
renovation, enlargement, equipment and improvement of waterworks and sewer system properties
and facilities, including the acquisition of land and rights -of -way therefor, and ( ii) paying the costs
associated with the issuance of the Bonds.
3- 16
Ordinance No. 2432, Page 108 of 474
