Page 57 - CityofGrapevineFY26AdoptedBudget

4B Economic Development Corporation

The Bonds are special obligations of the Corporation, payable from and secured by a lien on and pledge of certain Pledged Revenues which include the
gross proceeds of ¼ of the ½ cent sales and use tax levied within the City for the benefit of the Corporation.

FY26
Date Date Issuanc
Intere Revenu FY26 Principal
of of e
Issuance Purpose st e Outstan &
Issua Matu Amoun
Rate(s) Source ding¹ Interest
nce rity t
Due
2018 Sales Tax Revenue 2014 Refunding 3 - 4% 5/15/ 2/15/ Sales 16,930,10,615,0 1,396,56
Refunding Bonds 18 34 Tax 000 00 9

16,930, 10,615,0 1,396,59
TOTAL
000 00 6

¹ Amount presented represents principal due only.

Utility Enterprise Fund

The Utility Enterprise Fund is a business-type fund which pledges its fee-based revenues to pay the debt it has incurred. This debt represents designing,
constructing, renovating, improving and equipping the City's water and wastewater system and facilities, as well as drainage and flood control projects.

FY26
Intere Date Date Issuan FY26 Transf
FY26 Princip
st of of Revenue ce Transf erring

Issuance Purpose Outsta al &
Rate( Issua Matu Source Amou ers
nding¹ Interes
s) nce rity nt Out Funds
t Due
Surplus
2015 Combination Waterworks 3 -
Tax and Revenue and Sewer 4.50 2/16 2/15/ of fee- 11,720 5,640, 651,49 - -
based
000
4
,000
35
/15
COs System %
revenues
Surplus To
2024 Combination Water/Wastewa 6/18 2/15/ of fee- 34,545 18,309 1,432,3 223,4 Debt
Tax and Revenue 3%
COs ter Plants /24 44 based ,000 ,275 83 67 Servic
revenues e

46,265 23,949 2,083,8 223,4
TOTAL
,000 ,275 77 67
¹ Amount presented represents principal due only.

OpenGov

GrapevineTexas.gov
52