FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas General Obligation Refunding Bonds, Series 2013 (I&S Tax) Callable on 2/15/23 @par

Annual Debt Service

Period Ending

Principal 1,185,000

Coupon 3.000%

Interest 106,400 88,625

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 9/30/2025

1,291,400

88,625

1,380,025

1,025,000

3.000%

88,625 73,250

1,113,625

73,250

1,186,875

1,045,000

3.000%

73,250 57,575

1,118,250

57,575

1,175,825

1,495,000

4.000%

57,575 27,675

1,552,575

27,675

1,580,250

805,000

3.000%

27,675 15,600

832,675 15,600

848,275

450,000

2.000%

15,600 11,100

465,600 11,100

476,700

301,100

290,000

3.000%

11,100

6,750

6,750

307,850

201,750

195,000

3.000%

6,750 3,825

3,825

205,575

258,825

255,000

3.000%

3,825

258,825

6,745,000

675,200

7,420,200

7,420,200

Proceeds from the sale of the Bonds will be used for (i) refund a portion of the City's outstanding debt described in the Schedule of (the "Refunded Obligations") for debt service savings and, (ii) pay the costs of issuance associated with the sale of the bonds.

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