Page 121 - CityofEulessFY26AdoptedBudgetOrdinance2432

CITY OF EULESS
DEBT SERVICE REQUIREMENTS
EULESS DEVELOPMENT CORPORATION, SALES TAX REVENUE
DESCRIPTION:
BONDS, SERIES 2019
DATED: 12/ 12/ 19
ORIGINAL AMOUNT: 4, 120, 000
YEARS 2020- 2029 @ 4. 00%, 2030 @ 3. 00%, YEARS 2031- 2032 @2. 5%,
INTEREST RATE:
YEARS 2033- 2039 @ 3. 00%
PAYING AGENT: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
OPTION DATE: 9/ 15/ 2030
INTEREST PRINCIPAL TOTAL
YEAR COUPON MARCH 15 SEPTEMBER 15 SEPTEMBER 15 REQUIREMENTS
2026 4. 00% $ 49, 888 $ 49, 888 $ 180, 000 $ 279, 775
2027 4. 00% $ 46, 288 $ 46, 288 $ 185, 000 $ 277, 575
2028 4. 00% $ 42, 588 $ 42, 588 $ 195, 000 $ 280, 175
2029 4. 00% $ 38, 688 $ 38, 688 $ 200, 000 $ 277, 375
2030 3. 00% $ 34, 688 $ 34, 688 $ 210, 000 $ 279, 375
2031 2. 50% $ 31, 538 $ 31, 538 $ 215, 000 $ 278, 075
2032 2. 50% $ 28, 850 $ 28, 850 $ 220, 000 $ 277, 700
2033 3. 00% $ 26, 100 $ 26, 100 $ 225, 000 $ 277, 200
2034 3. 00% $ 22, 725 $ 22, 725 $ 235, 000 $ 280, 450
2035 3. 00% $ 19, 200 $ 19, 200 $ 240, 000 $ 278, 400
2036 3. 00% $ 15, 600 $ 15, 600 $ 250, 000 $ 281, 200
2037 3. 00% $ 11, 850 $ 11, 850 $ 255, 000 $ 278, 700
2038 3. 00% $ 8, 025 $ 8, 025 $ 265, 000 $ 281, 050
2039 3. 00% $ 4, 050 $ 4, 050 $ 270, 000 $ 278, 100
TOTAL $ 380, 075 $ 380, 075 $ 3, 145, 000 $ 3, 905, 150

Proceeds from the sale of the Bonds will be used to ( i) pay contractual obligations of the City to be
incurred for improvements to parks and park facilities located at the Parks at Texas Star, including
softball facilities, and ( ii) pay the costs associated with the issuance of the Bonds.

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Ordinance No. 2432, Page 115 of 474