FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas

General Obligation Refunding & Improvement Bonds, Series 2009 (Drainage 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

7,865

492 335

8,358

335

8,693

8,200

4.000%

335 171

8,535

171

8,706

8,544

4.000%

171

8,715

8,715

24,609

1,504

26,113

26,113

Proceeds from the sale of the Bonds will be used for (i) constructing and improving streets within the City, including related storm drainage improvements, traffic signalization and lighting, sidewalk improvements, streetscape and median improvements, (ii) refunding a portion of the City's outstanding debt, and (iii) paying costs of issuing the Bonds.

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