FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas Combination Tax & Revenue Certificates of Obligation, Series 2008 (I&S Tax)

Callable on 2/15/2018 @ par

Annual Debt Service

Period Ending

Principal

Coupon 3.375%

Interest 10,891 10,300

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 9/30/2028

35,000

45,891 10,300

56,191

40,000

4.000%

10,300

50,300

9,500

9,500

59,800

40,000

4.000%

9,500 8,700

49,500

8,700

58,200

40,000

4.000%

8,700 7,900

48,700

7,900

56,600

45,000

4.000%

7,900 7,000

52,900

7,000

59,900

45,000

4.000%

7,000 6,100

52,000

6,100

58,100

45,000

4.000%

6,100 5,200

51,100

5,200

56,300

50,000

4.000%

5,200 4,200

55,200

4,200

59,400

50,000

4.000%

4,200 3,200

54,200

3,200

57,400

50,000

4.000%

3,200 2,200

53,200

2,200

55,400

55,000

4.000%

2,200 1,100

57,200

1,100

58,300

55,000

4.000%

1,100

56,100

56,100 691,691

550,000

141,691

691,691

Proceeds from the sale of the Certificates will be used for (i) constructing a municipal parking garage, including equipment related thereto, (ii)constructing and improving streets within the City, (iii) improving and extending the City's waterworks and sewer system, and (iv) paying the costs associated with the issuance of the Certificates.

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