FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas General Obligation Bonds, Series 2015 (I&S Tax) Callable on 2/15/2025 @par

Annual Debt Service

Period Ending

Principal 200,000

Coupon 4.000%

Interest 63,394 59,394

Debt Service

2/15/2017 8/15/2017 9/30/2017 2/15/2018 8/15/2018 9/30/2018 2/15/2019 8/15/2019 9/30/2019 2/15/2020 8/15/2020 9/30/2020 2/15/2021 8/15/2021 9/30/2021 2/15/2022 8/15/2022 9/30/2022 2/15/2023 8/15/2023 9/30/2023 2/15/2024 8/15/2024 9/30/2024 2/15/2025 8/15/2025 9/30/2025 2/15/2026 8/15/2026 9/30/2026 2/15/2027 8/15/2027 9/30/2027 2/15/2028 8/15/2028 9/30/2028 2/15/2029 8/15/2029 9/30/2029 2/15/2030 9/30/2030

263,394 59,394

322,788

205,000

4.000%

59,394 55,294

264,394 55,294

319,688

220,000

4.000%

55,294 50,894

275,294 50,894

326,188

220,000

4.000%

50,894 46,494

270,894 46,494

317,388

235,000

4.000%

46,494 41,794

281,494 41,794

323,288

240,000

4.000%

41,794 36,994

281,794 36,994

318,788

250,000

4.000%

36,994 31,994

286,994 31,994

318,988

260,000

4.000%

31,994 26,794

291,994 26,794

318,788

275,000

4.000%

26,794 21,294

301,794 21,294

323,088

280,000

21,294 17,794

2.500%

301,294 17,794

319,088

285,000

17,794 13,875

2.750%

302,794 13,875

316,669

300,000

13,875

3.000%

313,875

9,375

9,375

323,250

305,000

9,375 4,800

3.000%

314,375

4,800

319,175

320,000

4,800

3.000%

324,800

324,800

3,595,000

896,969

4,491,969

4,491,969

Proceeds from the sale of the Bonds will be used for (i) constructing and improving streets, including sidewalks, railroad crossings, signalization, street lighting, public streetscaping, landscaping, curb and gutter replacement and the acquisition of lands and rights-of-way therefor; (ii) constructing, improving and equipping firefighting facilities; (iii) constructing, improving and equipping park and recreation facilities; (iv) economic development within the area described in the Hampton Road Corridor Redevelopment Plan, including the acquisition of land threfor; and (v)paying costs of professional services including the costs of issuance of the Bonds.

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