FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas General Obligation Refunding & Improvement Bonds, Series 2009 (HOT Portion) Callable on 2/15/2018 @ par

Annual Debt Service

Period Ending

Principal

Coupon 4.000%

Interest

Debt Service

2/15/2017 8/15/2017 9/30/2017 2/15/2018 8/15/2018 9/30/2018 2/15/2019 9/30/2019

50,000

3,100 2,100

53,100

2,100

55,200

50,000

4.000%

2,100 1,100

52,100

1,100

53,200

55,000

4.000%

1,100

56,100

56,100 164,500

155,000

9,500

164,500

Proceeds from the sale of the Bonds were used to refund a portion of the Series 1999 Certificates of Obligations that were used to pay (i) Contractual obligations incurred for improvements to the Grimes Park Exhibition Facility and (ii) professional services rendered in connection therewith.

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