FY2016-17 Budget Final

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

Annual Debt Service

Period Ending

Principal 125,000

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

7,900 5,400

132,900

5,400

138,300

130,000

4.000%

5,400 2,800

135,400

2,800

138,200

140,000

4.000%

2,800

142,800

142,800 419,300

395,000

24,300

419,300

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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