HomeMy WebLinkAbout03-10-1983
NC)Y'1C1i Uf' i Ultl~ SkiS5iUN - 11ZkiGlll tli~~ S11 I A L CAL1,b 1;s~ 1:IZG NC1' ~~lEli'I'I PiG
' W 'I•llh ..a.L..Zrr-C..~...
C(TY OF 1)`k;N'I'UN, TEXAS. l;
Notice is hvrVby v,ivell that 0.•1 t'ho / ':I ,
the / y _ a<7y oE'
l.
cti'l iy--oft 1)enton, ! xaa tiv 1 lto ( a worl\ session reF,tti r=- $peclr l
~ttWled - emerge icy mee tIrig at o'clock,
r m., ire
of^the Winici al 13 ui` ocuted at
215 Last +'cl\inn, y, erit` on, exas. 'Fiie subjects to be considered are
listed on the Agenda which is attached hereto and rr.ake a part of this
notico.
If during the course of the meeting covered by this notice the
Board/Umrnission should determine that air cxecutive meeting of the
Iloard/Commission, or a consul tatIon with the City's attorney should
be held or is required, there such executive meeting or consultation
with the C: ty's attorney as author.E7cc! try Article 62S2-17 Revised
Civil Statutes of 'T'exas tvill be held i>y the Board/Commission at the
(late, hour, and place given in this notice or as soon after the
commencement OF. the meeting covered by this notice as the
Board/Commission may conveniently meet in such executive meeting, or
consult with the City's attorney concerning any and all subjects and
for any and all purposes permitted by Suction 2(b) through Section
2(p),_..inclusivo, of said Article 6252.17, inclUdinr„ but not limited
to:- Section 2(c), Section 2(e), Sec t. ion 2(f), Section 2(g), and
Section 2(j) and as marked in the t!ttached Agenda,
Should any final action, final decision, or final vote be
t,e(lLi irod in the op1nion of ~hc 13oarci/Comm ission with regard to any
mattor considered in such exe:"eltive MOCting Or CUnSelltat;ion with the
City's attorney, th(:,t such f..inal action, final decision, ur- final
vote: small be at either:
(a) the public meeting covered by this notice upon the
reconvening of this public meeting, or
(b) tit a subsequent pulllic meeting of the hoard/Commission upon
notice thereof, ;:rs tiro. lrotird/Commission shall determine.
U n t tr i s u (l a) of -,4G 1 > t fl e original of
this instrum(;nt was f.`Uod r~monS the ot'f.1cial records of the City of
Denton, 'Texas, and an origi,tal copy ,,as posted on the bulletin board
1n the main lobby of the Municipal Building; of the City -of Denton
at 0 c10c,k ~..1....;a': on said date.
(:tlARt(SI"I'h AI.LI N c,t r S~l:lil-TT\ l'
CITY oil D1:N'1'UN, '1EXAS
021~1C
r
AGE NUA
CITY OF U£NTON CITY COUNCIL
March 10, 1983
Joint Meeting of the City of Denton City Council and the Putlic
Utility Board on Thursday, March 10, 1983 at 2;U0 p,m, in the
Civil Defense Room if the Municipal Building at which the
following items will be considered.
2:00 ) m.
1. Adoption of an ordinance authorizing the issuarir,e of
City of Denton utility system revenue refunding bonds,
series 1983
2. Executive Session;
A. Legal Matters Unaer Sec, 2(eArt. 6252-17
V . A . T . S .
6. Real Estate Under Sec, 2(fArt, 6252-17
V, A.T.S,
C. Personnel Under Sec, 2(g), Art 6252-17 V, A, T, S.
0. Board Appointments Under Sec. 2(gArt
6252-17 V.A.T.S.
0709C
"I'1Ch OF IWKK S88SIUN - kUGUI.AI( SITICIAI. CALLIID 7)EIME UL"NICY MEBTING
OF THE
OF THE
C(TY OF 0ENTUN, ThXAS,
iotico is hereby given that ort the the da 06 _ y y
City at llentan, laxas w 1 to d a work session = ra ular - iecIal
al~lad-' gengy me rting at
~rner o'clock, ~~z_.....'in
the.,t.,.(
of tale Euniclpal Bu l. c rig orated at
215 East M
Ic!\an ey,; Den ton, l' xaas. The subjects 'to be considered are
listed on the Agenda which is attached hereto and make a part of this
notico.
If during the course oC the meetin;l covered by this notice the
Board/Commission should determine that an executive meeting of the
Board/Commission, or a consultation with the City's attorney should
be held or is required, then such exaCUtive meetictg or consultation
with the Cityts attorney as authorized by Article 6252-17 Revised
Civil Statutes of 'T'exas will be field by 'le Board/Commission at the
date, hour, and place given lit this notice or as soon after the
commencement of the meeting covered by this notice as the
Board/Commission nlny conveniently meet in such executive meetirio or
consult with the City's attorney concerning tiny and all subjects and
for any and all pur•pases-permitted by Section 2(b) through Section
2(p).,. inclusive, of said Article 6252-17, 1nclud1nc;, but not limited
to,.. Section 2(c), Section 2(e), Soction 2(f), Section 2(gand
Section 2(j) and as marked in the attached Agenda.
Should any final action, final decision, or final vote be
require,,d in the opinion OF the Board/Commissions with regard to any
matter considered in such executive mnating or consultation with, the
Clty's attarney, there such final action, finial decision, or- final
vote shall be at either:
(a) the public meeting covered by this itotAco upon the
reconvening of this public meeting, or
lb) at a subsequent public meeting of the Board/Commission upon
notice thereof, as the Board/Comi:llssion shall de',ermine.
Un tilis clay of the original of
this instrument was among' the oFficlal records of the City oC
Denton, Texas, and an original copy was posted on the bulletin board
in the main lobby, of the Morlicipal Bui Wing of the City -of Denton
at J; `0' clock) i4 111. Oil Said Clete.
(fi~1;...UCI1, 111,1,E,N, CI'T'Y SECIZL"I'AR1'
CITY 01- DENTON, 'T'EXAS
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1
AGE NUA
CITY OF OENTON CITY COUNCIL
March 100 1983
Joint Meeting of the City of Denton City Council and the Public
Utility board on Thursday, March 1U, 1983 at 2.,UO p,m, in the
Civil Defense Room of the Municipal Building at which the
following items will be considered,
2;UO p.m.
1, Adoption of an ordinance authorizing the issuance of
City of Denton utility system revenue refunding bonds,
series 1983
2. Executive Session;
A. Legal Matters Under Sec. 2(ej, Art, 625'2-i1
V.A.T,S.
B, Real Estate Under Sec, 2(fArt, 6252-11
V, A, T, S.
C. Personnel Under Sec. 2(g), Art 6252-17 V,A.T.S.
D, Board Appointments Under Sec, 2(g) , Art
6252-17 V.A.T.S.
0109C
ACENUA
CITY Of UENTON CITY OUNCIL
March IU, 1983
Joint Meeting of the City of Denton City Council and the Public
Utility board on Thursday, March IU, 1983 at 2:00 p.in, in the
Civil Defense Room of the Municipal buiIdiny at which the
following items will be considered.
2:00 p.m.
1. Adoption of an ordinance authorizing the issuance of
City of Denton utility system revenue refunding bonds,
series 1983
2. Executive Session:
11. Legal Matters - Under Sec. 2(eArt. 62b2-17
V.A.'f . S .
13. Real Estate Under Sec. 2(fArt. 62b2-17
V.A.T.S.
C. Personnel Under Sec. 2(g), Art 6252-17 V.A.T.S.
D, Board Appoilrtments Under Sec. 2(gArt
62b2-11 V.A;T.S.
U709C
F
FIRST OOlGM& ' ' COMPANY
INVESTMENT HANKIERS
MERCANTILE DALLAS sUILDINO
DALLAS, TEXAS 75201
FRANK J MCOANICH March 1, 1983 1214> 742,6461
6CNIOR VICE VN611D[NT
Honorable Mayor and City Council
City of Denton
Denton, Texas
Gentlemen;
RE;
PROPOSED CITY OF OENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDING BONDS, SERIFS 1983
In accord with our agreement with you we have developed, and present
herewith for your consideration, a preliminary plan of finance to refund
all of the City's presently outstanding Electric System and Water and Sewer
System Revenue Bonds, and to combine the Systems into a single operating
entity. Combining the Systems would accomplish the following basic
advantages;
a. Allow the adoption of a new Bond ordinance which would remove
onerous and somewhat restrictive bond coverage requirements which in
times past have not given the City the flexibility needed to accommodate
future funding programs.
b. Create a security which should command wider sceptance in the
marketplace which, in turn, should result in lower bore, 1ng costs on
future bond sales for the Utility System,
C. Provide better debt service coverage for additional bonds to be
issued in the future, which would also enhance the market value.
d. Provide immediate cash in the amount of $1,500,000 for needed
capital improvements, and $250,000 to create an Emergency Fund to be
used to pay unexpected or extraordinary expenses of repair, replace-
ment, operation and maintenance of the system for which funds are not
otherwise available,
Under the proposed plan all outstanding revenue bonds would be defeased and
ordinances authorizing and securing the Outstanding Bonds would be
released and discharged. Funds necessary to accomplish the refunding and
"defeasance" are to be provided from the sale of approximately $24,380,000
Utility System Revenue Bonds, Series 1983. Plate A, attached, outlines in
preliminary form "Sources and Applications of Funds",
1
rlIRST 4101 1 IL!' QOM PAT(1'
Honorable Mayor and City Council
March 1, 1983
Page 2
Schedules 1 through 4 show, respectively, preliminary Refunding Bonds Debt
Service, Proposed Debt Service, Existing Net Debt Service and Net Debt
Service Comparison of Existing vsl Proposed Debt Service.
The adoption of the program contemplated herein is, in our Judgment, in the
best interests of the City of Denton, and if it can be completed within the
parameters indicated, we recommend it for your approval, The ultimate size
of the proposed issue, 'average interest rates, gross and net dollar costs
and other pertinent details will be finalized and presented to you for your
consideration not later than March 10, 1983.
Please so advise if you desire us to proceed with development of a final
and formalized plan of finance relative to this matter.
Yours very truly,
Frank J, Me Inich
I
c
PLATE A
Sources and Applicatlom of Fundso
SOURCES OF FUNDS
Serles 1983 Bond Proceeds $24,380,000
Funds on Hand 1 130J000
2 5301 00
USES OF FUNDS
DepoSlt to ElectriC Syste• Escrow Fund $13,331,000
Deposit to Water and Sewer System Escrow Fund 81327,000
Deposit to Debt Service Reserve Fund 31000,000
Deposit to Emergency Fund 230 000
Underwrlter's Discoum and Costs of Issuance 602000
' 25330 00
Prellminary, sub)ect to change.
1
l,t
"H
REFUNDING BONDS PEST SERVICE'
SOLww S" i CO, Fkl Fa 2br f963 15159149
GEN1ONr TEXAS - KFUNUIW OW
tt WO PUT SERVICE 6C1iEG C Wu 3/ 1/83 sGE1.IKku 3/29/81
PD GATE WE PRIMCIPAL INII.31ES1 DEBT SERVICE
fu 1/g8~3 51 4 yt;►995, sir ~r1414137 s33r0t44~3541 p1
4 1 f/~~ 6`~~A lal~ 000 ti+~1i)" , s3''~117''S'~0
~JJppjj pj /6~ ~~lM~y/~y/A,+ (1 ~Q$ /~y,~y{ {1 j6 ` ~{jT~J/M(/'~rJ,1I t 13, 1 ,
5 iL/ 1/V~ /1~W tir600r IW tJrq/pr~l'~I ~ 1X11 ~I ~QI~Q
s~r1~e,~7016'~
6 1 71 s1►140, 1 r194o7 .00 s 43407010
1 1 71 t r r ~i 1 ,
/I l9 }'i i r 1 ,4►
1 12/ /92 I s r 7r I rf 6r
tfr~, ,
G9~r1,
II 12/ 1193 94040 $it 1000100 08980 0100 W946r60 100
12 121% 1/1121/45 11:0 tit r
143 g~~ sl'r ?$r'p00p/A eni6~~g9ggg% i2ppp0ppp0~ ti i ~3)i ~ 0
15 S2/ 1/2~ 18:x$$ t~lY►VW1W N63i625o ~1i r 1
1 , 10b
16 121 1199 101500 $8201
100 1400050+00 t1,220►050,00
L ► 1/~ 4 2 t r 1 s 4h1
01rgg~r, $441152~00 ~q
ii!2/ 1/ 2 1 11 ~pp i 21p r 1~y0{ $2Sl, 144r4751
20 1 . 500 2401 : 4751
Y
2~1 fi22/ 1/ {33 11$15 t25~, 104 ;1~ ii25~ s4~Sr~25/
23 12% f% 5 1 ~ 431 i s4 r ,
25 12! 1/ 7 10500 'd00r 1 93' 0 442 i 1
s r t66~,~8,08
.~.acsac:xataacza a.tsts as~aaama:aa~:
TOTAL 42413801004100 s24r206►639,37 s44r586r639,37
PAR M"T s24r380►pppppp100
UN11EB~ ITas ppI s6 2,QQ¢,
Nif I#~fERE'TII s20ritE, 131449,690607
ACCA{~11 INfERESM 1) t ,704,31
(,1,C1fTAROU 0111) 120311704,31 9,5)9984
THE AVERAGE LIFE EQUALS 8 YEARSr 9 MONTHS, 20 I1AY5,
§IIEDULE
PROPQ5E D NET D T SERVICE
E.quaIs:
Proposed Less: Less: Accrued Proposed
Debt Restricted Unrestricted Interest Net Debt
Pd, Ending Service Raserve FSj rve & Earnings Service
x49¢14 1 % 4r 44 r 2150 11107 ,7 r ~144
/ 4 rS7 r , r ~1 ► 6 r 8, V 4
/ , , , , rqtqr b, 1518++
11yy 11 gg~~ ~4 pp 44~~4,% , ,y I r801r 258
12J i%89 i~1bi 1 ~ 0 22Sr I ,562, 2+ '
33 1/ p►4b4 , O rp~q~0
gg 1i010,9e
i851
19 1 / 1~ 2i 9Gi rs101~ ,
► 41 9 , 0. ,T r
11/ ► qr ~ r 66 ~ r t
3 / 111/ 1, ► ~ ' ~ , r 4J
21 1/ 2 1r ,70 5 x 10,80
, 1 , 2 r~~Q37.40
4141,2 93,24
4345 1~~i 40 4,4,
1~y2/ 1/ ~ X00 ~~2► ~6 pp 1 2~
7:211
12/ i% 5 4 Sib 1~~i9'5~2p2 p i ~p :9 1~1pHal?
ft 21 'tt 12r ► 66 '4jr 1,00 -2,8466 66,,,,~~ 0 J7 1,1'i4r~~,5c?
/ i// 4.1►r440,
1 7 ~s
T014L M ,586►639,37 M0480.12 3,41442,59 164477,73 53,503,686,02
SCHED 3
'XISTING N C7 DE T RV1CE
Less; Equals:
Existing Sinking Fund Less: Less: Existing
Debt Revenues Electric Water Net Debt
Pd, Endin Service (Installments) Re_ e, rve Reer a Srvi~~e,
1 f 1/83 13 1 -j + 4 145 + 40017
1/R4r¢,5, - , 4 r + 0+ 100
l / 1185 .4 31 1 1 , 0 r5 ,48 000 ^,000 1 ~¢0 ,41 1 ,50
x pp + 00
4 K/ 1/84 311 34.,5p 10, 6 r 1 4 + 17 1 ,
0
b~ 6+ 7~00 r 0 r + +
i ;b 01
g ,7 ,pp 1 ► ~4g ' i;6 ; gib
It 1., 1/a. +,+7, 0 t,r 70 00 3 4r 4,10
10
1i 1:! 1+SJ ~t~'t60;,,dd1^ SppO 6Z~1 ~p0p0~0,61 400 ,Q4 1r,675~50
44,
S j~+' ~t;4)4+81~ ~f 6~ i7f X04 1 + 67, r+
S{ 1. 1!46 11f 14r,50 6, f070,00 13b1 43,00 981 100 1r132r124,54
I/a' 1969 A.I2t1 150 6,211p 0,00 lObrv90,10 90,008,00 (;iW 0
1~ It 1/4[~ 1,t 10+700 00 6~r+070,00 104, :8,40 90,000,00 79 , '
IK 95~,~¢6,10 901008,OJ 4
1~ 1; 1/4S 1~2J X77°~ V b +070 990
1F 1:. 1/ P 1120146.,5. 6. +070,00 4 11 1,~0 +000,00 -5001788 4C
10 1. i. 1 7a51cg7 S0 6" 107 , 11 b'OS,o
11! : 7441b00 Ot 6 ,0pp700ppp0p ?92 bo
I'., 1 3 ' 'Q~ g ;070,00 11
00
l! , 6x,070,00 9 1964,00 0.00 2y+4'0,00
5 7411 00
, pppp 5►3~4 00
2+ f''! 1f b 721+475,00 bfi3+Q7¢, 824,94,0 000 -3r00815b4,40
1;V 1/ 7 6+151+000,00 B,SrSr 7
SG
T01r: „ 5715451467.50 20+534+32100 44621994,00 2,505,000,00 29►043+652,
:x
SCH~ 4
NET DEBT SERVICE OMPARISON; XISTING VS. PROPOS 0
Lew
Existing Proposnd
Period Net Debt Net Del Egvaisc
Ending Service service Difference
i~/ /g 3 °188 14 )~9,9~ •2'Q5:~3Q14i
1[/ 184 IP1'I~r$'t d1 1301:4 •i ~ 4217n r`I
3 1 / 1/85 6n90004' 75,06 ~ -111 412;
j / r 1 1 t t
~J r7 t 1 r t 1 16~
4t t 1 x t 1 - 1 1
1 1
1 4/91 r7 r , d S r 4 1 g'' • t '04
1 / }/P2 },6 ►9 Il0 ,7/[~ 198 •22,79. 1S
} % 11 }163 ►
i y1.14
- lei 2~~8
-tta 6
it 1/ 1 98 43;1 7y9131 5 3;16 ~p4 1
17
I 1. /99 k
j 8190x13'/146 1 t0 , 0
x14 Q/ I/ 0 )x81i2;gp 1362 91;24 -11 Iin~p:14
20 1 1/ 12i~4,00 i4 4t 3144 -1 x219144
f/ 3 9x9944,0p 300 7,M -120x73``144
4 -5129'2100 1141503126 -119x'195126
24 12/ 1/ 5 22x920100 142x227128 -1!,1)3 pp7.28
24 12/ It 6 St384,00 124/180176 11gt796176
25 12/ 1/ 7 -3x0081569,40 -2t890t439,87 -1181129153
T014l 29 149 1152,50 3315031686,02 -316451533,51
ORDINANCE
AUTHORIZING THE ISSUANCE OF CITY OF DENTON, TEXAS
UTTGIn SY~9JEM REVENUE REMMINO BONDS, SERIES 1983
THE STATE 05' TEXAS i
COUNTY Of DENTON i
CITY OS DENTON i
WHEREAS, the City of Penton, Texas (the "city") has duly
issued, and there are now outstanding, pursuant to Vernon's
Ann, Tax. Civ, St. Articles 11'1 through 1119 and other appli-
cable laws, the following series or issues of revenue bonds
which are secured solely by a Civet lien on and pledge of the
not revenues of the City's entire water:orke and sewer systami
City of Denton Water and Sewer System Revenue
Bonds, Series 1960, dated July 15, 1960, now
outstanding in the aggregate principal amount
of - - - - - - - - - - - - - - - - - - - - - $ 730,000
City of Denton Water and Sewer System Revenue
Bonds, Series 1962, dated January 15, 1962,
now outstanding in the aggregate principal
amount of - - - - - - - - - - - - - - - - - - 390,000
City of Denton Water and Sewer System Revenue
Bonds, Series 1964, dated July 15, 1964, now
outstanding in the aggregate principal amount
of . . - . . . . . . . . . . . . _ . 20,00r;
City of Denton Water and Sewer System Revenue
Sonde, Series 1966, dated January 15, 1966,
now outstanding !,n the aggregate principal
amount of - - - - - - - - - - - - - - - - - - 200, OCG
City of Denton Water and Sewer System Revenue
Bonds, Series 1969, dated April 15, 1969,
now outstanding in the aggregate principal
amount of - - - - - - - - - - - - - - - - - - 370,OCC
City of Denton Water and Sewer System Revenue
Bonds, Series 1972, dated July 15, 1972, now
outstanding in the aggregate principal amount
of - - - - - - - - - - - - - - - - - - - - - - 970,00:
City of Denton Water and Sewer System Revenue
Bonds, Series 1974, dated July 15, 1974, now
outstanding in the aggregate principal amount
of - - - - - - - - - - - - - - - - - - - - - - 1,525,00:
City of Denton Water and Sewer System Revenue
Bonds, SaA ea 1977, dated June 15, 1977, now
outstanding in the aggregate principal amount
cf - - - - - - - - - - - - - - - - - - - - - - 450,OCC
City of Denton Water and Sewer System Revenue
Bonds, Series 1979, dated March 15, 1979, now
outstanding in the aggregate principal amount
of - - - - - - - - - - - - - - - - - - - - - - 3, 800,CIX
City of Denton Water and Sewer System Revenue
Bonds, Series 1982, dated May 15, 1982, now
outstanding in the aggregate principal amount
of - - - - - - - - - - - - - - - - - - - - - - 1, Soo, 00,
(collectively the "Water and Sewer System Bonds") 1 and
WHEREAS, the City has duly issued, and there now outstar.,:-
ing, pursuant to Vernon's Ann. Tax. Civ. St. Articles 11:.
through 1118 and other applicable laws, the following series :r
issues of revenue bonds which are secured solely by a fLrst
1
lien on and pledge of the not revenues of the city's electric
light a^:t r.-ower eyotems
CaCy rf Denton Electric System Rovenue Refund-
ing Bonds, series 1978, dated April 1, 1978, x}11
now outstanding in the aggregate principal ~~)A ~1' 1 1
amount of • • • • • $19,255,000
City of Denton Sloctrio System Revenue Bonds,
Series 1982, dated April 1, 1982, now out
standing in the aggregate principal amount
of • . • • 31000,000
(collectively the "Electric System Revenue Bonds")) and
WHEREAA, the above Water and Sower System Revenue Bonds
and Electric System Rovenue Bonds hereinafter collectively are
nailed the "Outstanding Bonds") and
WIiEREAS, the Outstanding Bonds are the only bonds or other
obligationa secured by or payable from a first Lien on and
pledge of the not revenues of the City's wacerworks and sewer
system and the City's electric light and power eystemt and
WHEREAS, the City Council of the City is the governing
body of the City) and
WHEREAS, the refunding bonds hereinafter authorized are to
be issued and delivered pursuant to Vernon's Ann. Tex. Civ. St.
Article 717k, as amended, and other applicable laws, for the
purpose of refunding all of the Outstanding Bonds.
THEREFORE, THE COUNCIL OF THE CITY OF DENTON HER£3Y
ORDAINS i
Section 1. BONDS AUTHORIZED. That the City's bonds are
hereby authorized to be issued in the principal amount of
$ , FOR THE PURPOSE OF REFUNDING ALL OF T1a
OUTSTANDING CITY OF DENTON WATER AND SEWER SYSTEM REVENUE BONO$
AND ELECTRIC SYSTEM REVENUE BONDS.
Section 2. BONDS DESIGNATED. That said bonds shall be
designated as thei "CITY OF DENTON, TEXAS UTILITY StSTEX
REVENUE REFUNDING BONDS, SERIES 1983" (the "Bonds").
Section 3. DATE AND MATURITIES. That the Bonds shall be
dated March 1, 1983, shall be in the denomination of $S,000
each, shall be numbered oonseeutivoly from one upward, and
shall mature serially on December 1 of each of the years, and
in the amounts, respectively, unless redeemed prior to maturity
as required or permitted in the FORM OF BOND set forth in
Section b of this Ordinance, as set forth in the following
schedules
YEARS AMOUNTS
Section 4. INTEREST. That the Bonds scheduled to mature
during the years, respoetively, set forth as follows shall 'nee;
interAst from the date thereof to maturity or redemption at the
following rates per annum,
2
Said interest shall be evidenced by interest p3na w 01shall appertain to the bonds, and which shall be payablo In the
manner provided and on the dates stated in the FORM OF BOND sat
forth in Section 6 of this Ordinance,
Segtion S. QVNERAL CHARACTERISTICS, That the Bonds and
interest ooupons shall be issued, shall be payable, shall and
may be redeemed prior to their scheduled maturities, shall 'n Ave
the eharacteristios, and shall be signed and executed (and the
Bonds shall be sealed), All as provided, and in the manner
indicated, in the FORM OF BOND set forth in Section 6 of this
Ordinance,
Section 6, FORMS, That the form of the Bonds, including
the form of Registration Certificate of the Comptroller of
Public Acejunts of the State of Texas to be printed and en-
dorsed oti each of the Bonds, and the form of the aforesaid
intsres•o coupons which shall appertain and be attached initial-
ly to etch of the Bonds, shall be, respectively, substantially
as followsi
€ORM OF BOND,
NO, $5,000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDINO BOND
SERIES 1983
ON DECEMBER 1 THE CITY OF DENTON, in Denton County,
Texas, hereby promises to pay to bearer hereof the principal
amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon from the date of this Bond, at the
rate of per annum, evidenced by interest coupons payable
December 1,""i983, and semiannually on each June I and December
1 thereafter while this Bond is outstanding,
THE PRINCIPAL of this Bond and the interest coupons ap-
pertaining hereto shall be payable to bearer, in lawful money
of the United States of America, without exchange or collection
charges to the bearer, upon presentation and surrender of this
Bond or proper interest coupon, at the following, which shall
constitute and be defined as the "Paying Agent" for this Series
of Bondsi
Texas American Bank/Fort Worth, N.A.,
Fort Worth, Texas
THIS BOND is one of a Series dated as of March 1, 1983,
authorized and issued in the principal amount of
$ FOR THE PURPOSE OF REFUNDINO ALL OF THE
OUTHANDIN6 CITY OF DENTON WATER AND SEWER SYSTEM AND ELECTRIC
SYSTEM REVENUE BONDS,
ON DECEMBER 1, 1992,
or on any interest payment date thereafter, the outstanding
Bonds of this Series may be redeemed prior to their scheduled
maturities, at the option of said City, with funds derived from
any source, in whole, or in part (and if in part, the City
shall select the maturity or maturities to be redeemed and
within a maturity the particular Bonds to be redeemed shall be
chosen at random, by lot, or other customary method by the
City) at the Redemption Price equal to the principal amount of
the Bonds to be so redeemed, plus accrued interest to the date
of redemption.
3
~U
THE BONDS maturing in the year are subject to
mandatory redemption prior to maturity wah funds from 0,,*
interest and Sinking Fund" established in the Ordinance
authorizing the Series of Bonds of which this is one, and shat;
be redeemed in part prior to maturity with funds from the
"Intereot and Sinking Pund'l, for the principal amount thereof
and accrued intmreet thereon to the date of redemption, and
without premium, on the dates and in the amounts set forth
below with this Bond being subject; to mandatory redemption om
December 1, and annually thereafter on each December 1
through December 1, 20061
L?_Q~ Date Principal Amour
The particular Bonds to be redeemed on each such data shall be
chosen at random, by lot, or other customary method, by •r,*
City provided, however, that the principal amount of the Bonds
required to be redeemed pursuant to the operation of such
mandatory redemption provisions shall be reduced at the option
of the City, by the principal amount of any Bonds which, at
least 45 days prior to the mandatory redemption data, (1) shall
have been raquirad by .he City at a price not exceeding the
principal amount of such Bonds plus accrued interest to t:he
data of purchase thereof and delivered to the Paying Agent for
eaneelletion, or (2) have been redeemed pursuant to t:.s
optional redemption provisions set forth above and not
theretofore credited against a mandatory redemption
requirement.
AT LEAST thirty days prior to the date fixed for any prior
redemption a written notice of such redemption shall be pub-
lished at least once in a financial publication of general
circulation in The City of New York, New York and in a
newspaper of general circulation in the City of Denton, Texas.
By the date fixed for any such redemption due provision shall
ue made with the Paying Agent for the payment of the principal
amount of the Bonds which are to be so redeemed and accrued
interest thereon to the date fixed for redemption. If such
writtan notice of redemption is published and if due provision
for such payment is made, all as provided above, the Bonds
which are to be so redeemed thereby automatically shall be
redeemed prior to their scheduled maturities, and they shall
not bear interest after the date fixed for redemption, and they
shall not be regarded as being outstanding except for the right
of the bearer to receive the redemption price from the Paying
Agent out of the funds provided for such payment,
IT IS HEREBY certified, recited, and covenanted that this
Bond has been duly and validly authorized, issued, and de-
livered pursuant to the applicable laws of the ,state of Texas,
including particularly Vernon's Ann, Tex, Civ. St. Article
717k, as amended; that all acts, conditions, and things re-
quired or proper to be performed, exist, and be done precedent
to or in the authorization, issuance, and delivery of this Bond
and the Series of which it is a part have been performed,
existed, and been done in accordance with law; that this Bond
and the Series of which it is a part constitute special obliga-
tions of said City, secured by and payable from a first lien on
and pledge of the "Pledged Revenues", as defined in the
ordinance authorizing the Bonds (the "Bond Ordinance' , which
Pledged Revenues include initially the "Nat Revenues' of the
"System", as such terms are defined in the Bond Ordinance, with
the "System" initially consisting of the City's entire existing
waterworks and sanitary sewer system and the City's entire
existing electric light and power system.
THE CITY has reserved the right, subject to the reatrie-
tions stated in the Bond Ordinance, and without obtain,,ng the
consent of the holder of this Bond, to issue "Additional Bonds"
4
r, r~r 7
~!;l~ f lJ+ a Ls 1
also to be recurad by and payable from a first lien on and
pledge of the Pledged Revenues in the same manner and to the
same extent as this Bond and the Series oi' which it is it part.
THE CITY ham leeerved the right, subject to the rest.1c -
tions stated in the Bond Ordinance, to amend the Bond Ordinance
with the approval of the holders of 51% of this outstanding
principal amount of all Bonds and Additional Bonds,
BY ACCEPTINO THIS BOND the holder hereof acknowledges the
terms and provisions of the Bond Ordinance, agrees to be bound
by such terms and provisions, and acknowledges that the bond
Ordinance is duly recorded in the official minutes and records
of the City.
THE HOLDER HEREOF shall never have the right to demand
payment of this obligation out of any funds raised or to be
raised by taxation, or from any source whatsoever other thaz
the Pledged Revenues and other sources described in the aond
ordinance.
IN WITNESS WHEREOF, this Bond and the interest coupon3
appertaining hereto have been signed with the facsimile signa-
ture of the Mayor of said City and countarsignAd with the
facsimile signature of the City Secretary of said City, and the
official seal of said City has been duly impressed, or placed
in facsimile, on this Bond.
City Secratary, City of Denton Mayor, City of Denton
FORM OF REOISTRATION CERTIICATEi
COMPTROLLERS REJISTRATI ON CERTIFICATE, REOISTER NO,
I hereby certify that this Bond has been examined, certi-
fied as to validity, and approved by the Attorney Oeneral of
the State of Taxes, and that this Bond has boon registered b7 -
the Comptroller of Public Accounts of the State of Texas,
Witness my signature and seal this
Comptro let of Pul~lio Accounts
of the State of Texas
FORM OF INTEREST COUPONi
NO. $
ON 1, ,
THE CITY OF DENTON, in Denton County, Texas, promises to pay
bearer the amount shown on this interest coupon, in lawful
money of the United States of America, without exchange or
collection charges to the bearer, unless due provision has beta
made for the redemption prior to maturity of the Bond to whicl:
,.his interest coupon appertains, upon preeentatton and surren-
der of this interest coupon, at the
Texas American Bank/Fort Worth, N.A.,
' Fort Worth, Texas
spid amount being interest due that day on the Bond, bearing
the number hereinafter designated, of th,.t issue of CITY of
DENTON, TEXAS UTILITY SYSTEM REVENUE REFUNDING BONDS, SER!z-$
1983, DATED March 1, 1983, The holder hereof shall never have
the right to demand payment of this obligation out of any funds
raised or to be raised by taxation, or from any source whatso-
ever other than the Pledged Reve miss and other sources de-
scribed in the Bond to which this coupon appertains. Bond Nc.
5
Cy aoretarY ayor
Section 7, DETINITIONS, That ae used in this Ordinance
the following terms shall have the meanings act forth belov,
unless the text hereof specifically indicates otherwisat
(a) The term "City" shall mean the City of Denton, in
Denton County, Texas,
(b) The term "City Council" or "Council" shall mean the
govern!;;1 body of the City,
(c) The term "Outstanding Bonds" shall mean collectively
the preeen_s1y outstanding Water and Sower System Revenue Bonds
and Electric System Revenue Bonds of the City described in the
preamble to this Ordinance,
(d) The term "Bonds" shall mean the city of Denton
Utility System Revenue Refundin, Bonds, Series 1483, authorized
by this Ordinance.
(s) The term "Additional Bonds" shall mean the additional
parity revenue bonds which the city reserves the right to issue
in the future, in accordance with Section 24 of this Ordinance,
(f) The term "System" shall mean (1) the City's entire
existing waterworks and sewer system and the City's entire
existing electric light and power system, together with all
future extensions, improvements, enlargements, and additions
thereto, and all replacements thereof, and (2) any other
related facilitien, all or any part of the revenues or intone
from which do, in the future, at the option of the City, and In
socordanca with law, become "Pledged Revenues" as hereinafter
defined; provided that, notwithstanding the foregoing, and to
the extent now or hereafter authorized or permitted by law, the
term System shall not mean any water, sewer, electric, or other
facilities of any kind which are declared not to be a part of
the System, and which are acquired or constructed by the City
with the proceeds from the issuance of "Special Facilities
Bonds", which are hereby defined as being special revenue
obligations of the City which are not payable from or secured
by any Pledged Revenues, but which are secured by and payable
from liens on and pledges of any other revenues, sources, or
payments, including, but not limited to, special contract
revenues or payments received from any other legal entity in
connection with such facilities; and such revenues, sources, or
payments shall not be considered as or constitute Cross Rev-
enues of the System, unless and to the extent otherwise pro-
vided in the ordinance or ordinances authorizing the issuance
of such "Special Facilities Bonds".
(g) The terms "0)088 Revenues of the System" and "Cross
Revenues" shall mean all revenues and income of every nature
derived or received by the City from the operation and owner-
ohip of the System, including the interest income from the
invest.nent or deposit of money in any Fund created by this
Ordinance.
(h) The terms "Net Revenues of the System", and "Net
Revenues" shall mean all Gross Revenues after deducting
therefrom an amount equal to the current expenses of operation
and maintenance of the System, including all salaries, labor,
materials, repairs, and extensions necessary to render effi-
cient service, provided, however, that only such repairs and
extensions, as in the judgment of the City Council, reasonably
and fairly exercised by the adoption of appropriate resolu-
tions, are necessary to keep the System in operation and render
adequate service to said City and the inhabitants thereof, or
such as might be necessary to meet some physical accident or
condition which would otherwise impair the Bonds or Additional
Bonds, shall be deducted in determining "Net Revenues".
Payments required to be made by the city for water supply or
6
FFN 7n
water facilities, sewor services or sewer facilities, fueI
supply, and for the purchase of electric power, which payments
under law constitute operation and maintenance expan84a of any
part of the System, shall constit.uts and be regarded as
expenses of operation and maintenance of the system under this
ordinance, Depreciation and amortiaation shall not constitute
or be regarded as expenses of operation and maintenance of the
9ystam,
(i) The term "Pledged revenues" shall mean
(1) the Net ReVemlOS, plus
(2) any additional revenues, income, or other
resources which are expected to be available to the
City on a regular periodic basis, including, without
limitation, any grants, donations, or income received
or to be received from the United States Government, or
any other public or private source, whether pursuant
to an agreement or otherwise, which in the future may, at
the option of the City, hs pledged to the payment of the
Bonds or Additional Bonds,
(J) The term "year" or "fiscal year" shall mean the
fiscal year used by the City in connection with the operation
of the System,
(k) The term "government Obligations" shall mean, dirroct
obligations of the United States of America, including obliga-
tions the principal of and interest on which are uncondition-
ally guaranteed by the United States of America, which may ba
United States Treasury obligations such as its State and Local
Government Series, and which may be in book-entry form,
Section S. PLEDOE, That the Bonds and aoy Additional
Bonds, and the interest thereon, including interest coupons
appertaining thereto, are and shall be secured by and payable
from a first lien on and pledge of the Pledged Revenuee, and
the Pledged Revenues are further pledged to the establishment
and maintenance of the Funds created by this Ordinance, and any
Funds created by any ordinance authorizing the iasuance of any
Additional Bonds. The Bonds and any Additional Bonds are not
and willlnot be secured by or payable from a mortgage or deed
of trust on any real, personal, or mixed properties
constituting the System.
Section 9. SYSTEM FUND, That there is hereby created and
there shall be established and maintained on the books of the
City, and accounted for separate and apart from all other funds
of the City, a spacial fund to be entitled the "City of Denton
Utility System Fund" (the "System Fund"). All Oross Revenues
shall be credited to the System Fund immediately upon receipt,
unless otherwise provided in this Ordinance. All current
expensea of operation and maintenance of the System shall be
paid from such Gross Revenues credited to the System Fund as a
first charge against same, Before making any deposits herein-
after required to be made from the System Fund, the City shall
retain in the System Fund at all times an amount at least equal
to one-sixth of the amount budgeted for the then current fiscal
year for the current operation and maintenance expenses of the
system.
Section 10, INTEREST AND SINKING FUND, That for the sole
purpose of paying the principal of and interest on all Bonds
apd Additional Bonds, there is hereby created and there shall
be established and maintained on the books of the City, and
accounted for separate anti apart from all other funds of the
City, a separate fund to be entitled the "City of Denton
Utility System Revenue Bonds Interest and Sinking Fund" (the
"Interest and Sinking Fund")
Section 11. RESERVE' FUND. That there is hereby created
+ind there shall be established and maintained initially at
7
ran F - r
Texas American dank/Sort Worth, N.A., Fort worth, Texas, an-i
thereafter, at the option of the city, established and
maintained at any time at any national bank having a capita?.
and surplus in excess of $25,000,000, a separate fund to be
entitled the "City of Denton Utility, System Bonds and
Additional Bonds Reserve Fund" (the Reserve Fund"). The
Reserve Fund shall be used to pay the principal of and interest
on any Bonds or Additional Bonds when and to the extent the
amounts in the Interest and Sinking Fund available for such
payment are insufficient for such purpose, and may be used for
the purpose of finally retiring the last of any Bonds or
Additional Bonds.
section 12, EXTENSION AND IMPROVEMENT FUND That there
is hereby created and there shall be established and maintained
on the books of the City, and accounted for separate and apart
from all other funds of the City, a separate fund to be en-
titled the "city of Denton Utility System Extension and
Improvement Fund" (the "Extension and Improvement Fund"), The
Ext-insion and Improvement Fund shall be used for the purpose of
paying the costs of improvements, enlargements, extensions,
additions, replacements, or other capital expenditures related
to the System, or for paying the coats of unexpected or
extraordinary repairs or replacer nts of the System for which
system funds are not available, or for paying unexpected n:
extraordinary expenses of operation and maintenance of the
System for which System funds are not otherwise available, or
for any other lawful purpose,
Section 13. EMERGENCY r"UND. That there is hereby created
and there shall be established and maintained on the books of
the City, and accounted f:r separate and apart from all other
funds of the City, a separate fund to be entitled the "City o!
Denton Utility System Emergency r -,d" (the "Emergency Fund").
The Emergency Fund shall be used for the purpose of paying
unexpected or extraordinary expenses of repair, replacement,
operation, and maintenance of the System for which neither
system funds nor the moneys in the Extension and' Improvement
Fund are available, There shall be deposited in the Emergency
Fund simultaneously with the delivery of the Bonds to the
initial purchasers thereof from lawfully available funds of the
City the amount of .$2$0,000. All investment interest income
from the Emergency Fund shall be transferred to the System Fund
as received,
Section 14. DEPOSITS OF PLEDGED REVENUES, That Pledge
Revenues shall be credited to or deposited in the Interest and
Sinking Fund, the Reserve Fund, the Extension and Improvement
Fund, and other funds when and as required by this Ordinance
and any ordinance authorizing the issuance of Additional Bonds,
Section 1S. INVESTMENTS, That money in any Fund estab-
lished pursuant to this Ordinance or any ordinance authorizinq
the issuance of Additional Bonds, may, at the option of tha
city, be placed in time deposits or certificates of deposit
secured by obligations of the type hereinafter described, or b-a
invested in Government Obligations (as defined in Section
hereof) or obligations guaranteed or insured by the United
States of America, which, in the opinion of the Attorney
General of the United States, are backed by its full faith and
credit or represent its general obligations, or invested in
obligations of instrumentalities of the United States o;
America, including, but not limited to, evidences of indebted-
ness issued, insured, or guaranteed by such governmental
agencies as the Federal Land Banks, Federal Intermediate Credit
Banks, Banks for Cooperatives, Federal Home Loan Banks, Govern-
ment National Mortgage Association, United States Posta.
Service, Farmers Home Administration, Federal Home Loan Mort-
gage Association, Small Business Administration, Federa:
Housing Association, or Participation Certificates in the
Federal Assets Financing Trust; provided that all such deposits
and investments shall be made in such manner as will, in the
opinion of the City, permit the money required to be expended
B
r,
l ~"r'1 1 rr~~7 ,
from any Fund to be available at the proper time or times as
expected to oe needed, $ugh investments (except United Stataa
Treasury, State and Local 0overnment Series investments held to
book entry form, which shall at all times be valued at cons,
shall be valued in terms of current market valuk ab of the lan;
day of each fiscal year. Unless otherwise set forth herein.
all interest and income derived from ouch deposits and
investments immediately shall be credited to, and any losae:s
debited to, the Fund from which the deposit or investment was
made, and surpluses in any Fund shall or may be disposed of as
hereinafter provided. Such investments shall bo sold promptl-
when necessary to prevent any default in connection with the
Bonds or Additional Bonds consistent with the ordinances,
respectively, authorizing their issuance,
section 16, FUNDS SECURED, That money in all Funds
created by this Ordinanoe, to the extent not invested, shall be
secured in the manner prescribed by law,
Section 17, PRIORITY OF DEPOSITS AM PAYMENTS FROM SYSTEM
FUND, That the City shall make the deposits and payments from
Pledged Revenues in the System Fund when and as required ',j
this Ordinance and any ordinance authorizing any Additions.:
Bonds, and such deposits shall be made in the followingq manna:
and with the following irrevocable priorities, respectively
First, to the interest and Sinking fund, when and in
the amounts required by this Ordinance and
any ordinance authorizing any Additional Sonde
Second, to the Reserve Fund, when and in the amounts
required by this Ordinance and any ordinance
authorizing any Additional Bonds; and
Third, to the Extension and Improvement Fund, when
and as required by Section 20 of this Ordinance,
Section 18, INTEREST AND SINRINC FUND REQUIREMENTS.
City shall cause to be deposited to the credit of the lnteres:
and Sinking Fund any accrued interest received from the sale ~f
the Bonds, and on or before April 25, 1983 and on or before tl,,,&
25th day of each month thereafter the City shall cause to `'a
deposited to the credit of the Interest and Sinking Fund, iz,
approximately equal monthly payments, amounts sufficient„
together with any other funds on hand therein, to pay al,; o
the interest or principal and interest coming due, or required
to be redeemed prior to maturity pursuant to any mandator•3~
redemption requirements, on the Bonds and any Additional Bondi
on the next succeeding interest payment date. Any moneys 4k:
deposited in the Interest and Sinking Fund with respect to i
mandatory redemption requirement, together with other lawfull;.,
available funds of the City, may be used by the City,
purchase, in advance of a mandatory r^eemption date and at i
price not exceeding the principal amount thereof plus accruw.i
interest thereon to the date of purchase, Bonds which would bk
subject to being chosen for mandatory redemption on suc'~
mandatory redemption date, The Paying Agent shall cancel an-.r
Bonds so purchased.
Section 19, RESERVE FUND REQUIREMENTS, That prompt.;
after the delivery of the Bonds the City shall cause to
deposited in the Reserve Fund, from funds on hand and lawfull•r
available for such purpose, and from the proceeds from the sate 4
and delivery of the Sonde, an amount of money and Oovernmer.:
Obligations equal to $3,000,000, The City shall maintain im
the Reserve Fund an amount of money and investments equal
the lesser of $3,000,000 or the maximum annual principal any`.
Interest requirements of the Bonds (the "Required Reser-r4
Amount"). Following the issuance of Additional Bonds, if =he
maximum annual principal and interest requirements on all Bonds
and Additional Bonds outstanding decreases to less tha-
$3,000,000, the Required Reserve Amount shall be equal to the
average annual principal and interest requirements of all Bonds
9
it~lyl.1 and Additional Bonds then outstanding, After the delivery of
any Additional Bonds the City shall cause the Reserve Fund ac
be increased, it and to "he extent necessary, so that such fund
will contain an amount of money and investments aqual to the
Required Reserve Amoun'., Any increase in the Required Reserve
Amount may be funded from Pledged Revenues, or from prooeeds
from the sale of any Additional Bonds, or any other available
source or combination of sources, All or any part of the
Required Reserve Amount not funded initially and immediately
after the delivery of any installment or issue of Additiona.
Bonds shall be funded, within not more than five years from t)),o
date of such delivery, by deposits of Pledged Revenues iu
approximately equal monthly installments on or before the 25t.
day of each month. Principal amounts of the Bonds and any
Additional Bonds which must be redeemed pursuant to any
applicable mandatory redemption requirements shall be deemed to
be maturing amounts of principal for the purpose of calculatinq
prinoipal and interest requirements on such bonds. When and YG
long as the amount in the Reserve Fund is not lees than the
Required Resorve Amount no deposits shall be made to the credit
of the Reserve Fundf but when and if the Reserve Fund at anF
time contains lose than the Required Reserve Amount, then the
City shall transfer from Pledged Revenues in the System Fund.
and deposit to the credit of the Reserve Fund, monthly on or.
before the 25th day of each month, a sum equal to 1/60th of the
Required Reserve Amount, until the Reserve Fund is restored to
the, Required Reserve Amount, The City specifically covenants
that when and so long ae the Reserve Fund contains the Required
Reserve Amount, the City shall cause a1I :ntereat and income
derived from the deposit or investment of the Reserve Fund tc
be deposited to the credit of the Interest and Sinking Fund,
Section 20. EXTENSION AND IMPROVEMENT FUND REQUIREMENTS.
That during each year, subject and subordinate to making the
required deposits to the credit of the interest and Sinking
Fund and the Reserve Fund, the City shall be required
deposit to the credit of the Extension and Improvemen': Fund
from Pledged Revenuea in the System Fund an amount equal to 3,
of the "Adjusted Cross Revenues of the System", which term is
hereby defined to mean the followings
the Cross Revenues of the system for such year after
deducting from such Cross Revenues an amount equal to
the current expenses of operation and maintenance of
the System for such year which are directly attribut-
able to (i) all fuel coats related to the production
of electric energy by the City and/or (ii) the pur-
chase of electric energy by the City.
Additional excess Pledged Revenues may, at the option of the
City Council, be deposited to the credit of the Improvement
Fund as permitted by Section 21 (b) hereof, but no such addi-
tional deposit is required. All investment interest income
from the Extension and Improvement Fund shall be retained in
and remain a part of such Fund.
Section 21. DEFICIENCIESI EXCESS PLEDGED REVENUES. (a:
That if on any occasion there shall not be sufficient Pledged
Revenues to make the required deposits into the Interest and
Sinking Fund or the Reserve Fund, such deficiency shall be made
up as soon as potrsible from the next available Pledged Rev-
enues,
(b) That, subject to making the required deposits to the
credit of the various funds when and as required by this
Ordinance or any ordinance a therixing the issuance of Add.-
tional Bonds, any surplus Pledged Revenues may be used by the
City for any lawful purpose.
Section 22, PAYMENT OF BONDS AND ADDITIONAL BONDS. On or
before Decembor 1983, and semiannually on or before eac
June 1 and December 1 thereafter while any of the Bonds or
Additional Bonds are outstanding and unpaid the City shall make
10
availabla to the Paying Agents therefor, out of the Interest
and Sinking Fund, or if necessary, out of the Rosarve rund,
money sufficient to pay, on each of such dates, the principal
of and interest on the Bonds and Additional Bonds tie the same
matures and comes due, or to redeem the Bonds or Additional
Sonde prior to maturity, either upon mandatory redemption or at
the option if the City. At the direction of the vity the
Paying Agents shall either deliver paid Sonde and Additional
Bonds, and the ooupons appertaining thereto, to the City or
destroy all paid Bonds and Additional Sonds, and the coupons
appertaining thereto, and furnish the City with an appropriate
certificate of cancellation or destruction.
Section 22, FINA4 DEPOSITS, (a) That any Bond or
Additional Bond shall be deemed to be paid, retired, and na
longer outstanding within the meaning of this Ordinance whets
payment of the principal of, cudemption premium, if any, on
such aond or Additional Bond, plus interest thareon to the due
date thereof (whether such due date be by reason of maturity,
upon redemption, or otherwise) either (1) shall have been mad:
or caused to be made in accordance with the terms thereof
(including the giving of any required notice of, redemption or
provision for the proper giving of such notice having beer.
made), or (ii) shall have been provided by irrevocably
depositing w.itil or making available to a Paying Agent therefor,
in trust and irrevocably met aside exclusively for such
payment, (1) money sufficient to make such payment or (7,
oovernment Obligations which mature as to principal anI
interest in such amounts and at such times as will insttrs the
ava~.lability, without reinvestment, of sufficient money to make
such payment, and all necessary and proper fees, compensation,
and expenses of such Paying Agent pertaining to the Bond.o and
Additional Bonds with respect to which such deposit is made
shall have been paid or the payment thereof provided for t:d thA
satisfaction of such paying agent, At much time as a Bond or
Additional Bond shall be deemed to be paid hereunder, as
aforesaid, it shall no longer be secured by or entitled to the
benefits of this Ordinance or a lion on and pledge of the
Pledged Revenues, and shall be entitled to payment solely from
such money or Oovernment Obligations,
(b) That any moneys so deposited with a paying agent may
at the direction of the City also be invested in Oovernment
Obligations, maturing in the amounts and times as hereinbefore
set forth, and all income from all Oovernment Obligations irk
the hands of the paying agent pursuant to this section which is
not required for the payment of the Bonds and Additional Bonds,
the redemption premium, if any, and interest thareon, with
respect to which such money hake been so deposited, shall ty
turned over to the City or deposited na directed by the City,
section 24, ADDITIONAL BONDS, (a) That the City shall
have the right and power at any time and from time to time, and
in one or more series or issues, to authorize, issue, and
deliver additional parity revenue bonds (herein called "Addi-
tional Bonds"), in accordance with law, in any amounts, for any
lawful purpose, including the refunding of any Bonds or Addi-
tional Bonds, or other obligations, Such Additional Bonds, if
and when authorized, issued, and delivered in accordance with
this Ordinance, shall be payable from and secured by an irrev-
ocable first lien or. and pledge of the Pledged Revenues,
equally and ratably on a parity in all respects with the Bonds
and any other outstanding Additional Bonds,
(b) That the principal of all Additional Bonds must be
scheduled to be paid or mature on December 1 of the years 1%
which such principal and interest are scheduled to be paid or
mature.
Section 25. FURTHER REQUIREMENTS FOR ADDITIONAL BONDS.
That Additional Bonds shall be issued only in accordance with
this Ordinance, and no installment, Series, or issue cf Addi-
tional Bonds shall be issued or delivered unlessc
I1
LE
fa) The Mayor of the City and the City Secretary sign a
written certificate to the effect that the City is not in
default as to any covenant, condition, or obligation in connec-
tion with all then outstanding Bonds and Additional Bonds, and
the ordinances authorizing same, and that the Interest and
Sinking Fund and the Reserve Fund each contains the amount then
required to be therein.
(b) An indspendent cartified public accountant, or in-
dependent firm of certified public accountants, acting by arad
through a certified public accountant, signs a written csrtifi-
cate to the affect that, in his or its opinion, during either
the next preceding fiscal year, or any twelve consecutive
calendar month period out of the 10-month period immediately
preceding the month in which the ordinance authorizinv the
issuance of the then proposed Additional Bonds is passed, the
Pledged Revenues were at least (1) 1,2$ times an amount equal
to the average annual principal and interest requirements, and
(11) 1,10 times an amount equal to the principal and interest.
requirements during the fiscal year during which such require-
manta are scheduled to be the greatest, of all sonde and
Additional Bonds which are scheduled to be outstanding alter
the delivery of the then proposed Additional Bonds, It is
specifically provided, howaver, that in calculating the amount
of Pledged Revenues for the purposes of this subsection (b), if
there )%as bean any increase in the rates or charges for ser-
vices <,f the system which is then in affect, but which was not
in ot,fact during all or any part of the entire period for whic:t
the )'lodged Revenues are being calculated (hereinafter referred
to aii the "entire period") then the certified public account-
ant, or in lieu of the certified public accountant a firm )f
contulting engineers, shall determine and certify the amount of
Pledged Revenues as being the total of (i) the actual Pledged
Revenues for the entire period, plus (ii) a sum equal to t2he
aggregate amount by which the actual billings to customers of
the System during the entire period would have boon increased
if such increased rates or charges had been in effect during
the entire period,
(c) Provision shall be made in the ordinance authorizing
their issuance for increasing the Reserve Fund to the Requirsi
Reserve Amount as required by Section 19 hereof.
(e) That all calculations of average annual principal and
interest requirements of any bonds made in connection with the
issuance of any then proposed Additional Bonds shall be made as
of the date of such Additional Bonds; and also in making
calculations for such purpose, and for any other purpose under
this Ordinance, principal amounts of any bonds which must to
redeemed prior to maturity pursuant to any applicable mandatory
redemption requirements shall be deemed to be maturing amounts
of principal of such bonds.
Section 26, GENERAL COVLOANTS. The City further cove-
nants and agrees that in accordance with and to the extant
required or permitted by laws
(a) Performance. It will faithfully perform at, all times
any and all oovanants, undertakings, stipulations, and provi-
sions contained in this Ordinance, and each ordinance authoriz-
ing the issuance of Additional, Bonds, and in each and avery
Bond and Additional Bond; that it will promptly pay or cav.se to
be paid the principal of and interest on every Bond and Addi-
tional Bond, on the dates and in the places and manner pre-
scribed in such ordinances and Bonds or Additional Bonds; and
that it will, at the times and in the manner prescribed,
deposit or cause to be deposited the amounts required to ne
deposited into the Interest and ::.inking Fund and the Reserve
Fund; and any holder of the Bnr;ds or Additional Bonds may
require the City, its officials, and employees, to carry out,
respect, or enforce the covenants and obligations of this
Ordinance, or any ordinance authorizeing the issuance of Addi-
ti~nal Bonds, by all. legal and equitable means, including
12
specifically, but without limitation, the use and filing of
mandamus proceedings, in any court of competent jurisdiction,
against the City, its officials, and employees,
(b) Citv'a~lecal Authority. The City is a duly ereate-i
and existing home rule city of t ho State of Texas, and is dull
authorized under the laws of the State of Texas to t:-:sate and
issue the Bonds and A:-:tditional Bondsi that all action on its
part "or the creation and issuance of the said obligations has
been or will be duly and effectively taken, and that said
obligations in the hands of the holders and owners thereof are
and will be valid and enforQeabls special obligations of the
City in accordance with their toms.
(c) ~1~ql The City has or will obtain lawful title tc
the lands, liu#ldings, structures, and facilities eonstitutin,;
the System, that It warrants that it will defend the title tc
all the aforesaid lands, buildings, structures, and facilities,
and every part thereof, for the benefit of the holders and
owners of the Bonds and Additional aonds, against the claims
and demands of all persons whomsoever, that it is lawfully
qualified to pledge the Pledged Revenues to the payment of the
Bonds and Additional Sonde in the manner prescribed herein, and
has lawfully exercised such rights.
(d) ions, The City will from time to time and before
the same become delinquent pay and discharge all taxes, assess-
ments, and governmental charges, if any, which shall be lav-
fully imposed upon it, or the System, that it will pay al:
lawful claims for rents, royalties, labor, materials, and
supplies which if unpaid might by law become a lien or charge
thereon, the lien of which would be prior to or interfere wi*W
the liens hereof, so that the priority of the liens granted
hereunder shall be fully preserved in the manner provided
herein, and that it will not create or suffer to be created oa~-
meehante's, laborer's, natsrialman's, or other lien or charge
which might or could be prior to the liens hereof, or do or
suffer any matter or thing whereby the liens hereof might or
could be impairedr provided, however, that no such tax, assess-
ment, or charge, and that no such claims which might be used as
the basis of a mechanic's, laborer's, materialman's, or other
lien or charge, shall be required to be paid so long as tae
validity of the same shall be contested in good faith by tre
City.
(el) Operation of Systems No ree service. While Q% e
Bonds or any Additional Bonds are outstanding and unpaid t:e
city shall continuously and efficiently operate the System, is-d
shall maintain the System in good condition, repair, 4,nd
working order, all at reasonable cost. No free service of tZ%e
System shall be allowed, and should the City or any of its
agencies, instrumentalities, lessors, or concessionaires make
use of the services and facilities of the System, payme::t
monthly of the standard retail price of the services providedi
shall be made by the City or any of its agencies, instrumen-
talities, lessors, or concessionaires out of funds from sources
other than the revenues of the System, unless made from surp:us
Pledged Revenues as permitted by Section 21(b) hereof.
(f) Further Encumbrance, While the Bonds or any Add;-
tional Banda are outstanding and unpaid, the City shall not
additionally encumber the Pledged Revenues in any manner,
axcept as permitted ir, this Ordinance in connection wit_y
Additional Bonds, unless said encumbrance is made junior anal
subordinate in all respects to the liens, pledges, covenants,
and agreements of this Ordinance and any ordinance authorizing
the issuance of Additional Bonds; but the right of the City to
issue revenue bonds payable from a subordinate lien on surpl%as
Pledged Revenues is specifically recognized and retained, as
permitted under Section'21(b) hereof).
(g) Sale or Disposal of Property. While the Bonds or an),
Additional Bonds are outstanding and unpaid, the city shall not
13
bu "
sell, convey, mortgage, encumber, lease, or in any manna:
transfer title to, or dedicate to other use, or otherwise
dispose of, the Sy,.tem, or any significant or substantial par.
ahereofi provided that whenever the City deems it necessary %c
dinppose of any property, machinery, fixtures, or equipment, o:
dedioate such property to other use, it may do so either when
it has made arrangements to replace the same or provide
substitutes therefor, or it is determined by resolution of the
City Council that no such replacement or substitute iI
necessary.
(h) insurance, (1) The City shall cause to be insured
such parts a e stem as would usually be insued by aorpo:-
atione operating lie properties, with a responsible insuranc*
company or companies, against risks, aooidents, or casualties
against which and to the extent insurance is usually carried b p
corporations operating like properties, including,, to the
extent reasonably obtainable, fire and extended ooveragre
inevranca, insurance against damage by floods, and use and
occupancy insurance. Public liability and property damage
insurance also shall be carried unlese the City Attorney gives
a written opinion to the effect that the City is not liable for
claims which would be protected by such insurance. All insuz-
once premiums shall be paid as an expense of operation of t,e
Syystem, At any time while any contractor engaged in oonstruo
tion work shall be fully responsible therefor, the City shalt.
not be required to carry insurance on the work being con-
structed if the contractor is required to carry Appropriate
insurance, All such policies shall be open to the inspectic-
of the Bondholders and their, representatives at all reasonable
times. Upon the happening of any loss or damage covered cy
insurance from one or more of said causes, the City shall ma:ae
due proof of loss and shall do all things necessary or deaiz-
able to cause the insuring companies to make payment in ful*.
directly to the City, The proceeds of insurance covering sue'.t
property, together with any other funds necessary and availah v
for such purpose, shall be used forthwith by the City for
repairing the property damaged or replacing the property
destroyyedi provided, however, that if said insurance proceeds
and othtty funds are insufficient for such purpose, then said
insurance proceeds pertaining to the System shall be deposit.ord
in a special and separate trust fund, at an official deposito n.
of the City, to be designated the insurance Account, "'e
Tneurance Account shall be held until such time as other funds
become. available which, together with the Tneurance Account,
will be sufficient to make the repairi or replacements origlr.-
ally required.
(2) The annual audit hereinafter required may contain a
section commenting on whether or not the City has complied with,
the requirements of this Section with respect to the maJnte-
nance of insurance, and shall state whether or not all insur-
ance premiums upon the insurance policies to which reference i's
made have been paid,
W Annual Budget and Rate Covenant, The City shat:
prepare, pr or to the eg nn nq o each scat year, an annual
budget, in accordance with law, reflecting an estimate of cas*,
receipts and disbursements for the ensuing fisoal year is
sufficient detail to indicate the probable Gross Revenues a,n:!
Pledged Revenues "or such fiscal year, The City shall fix,
establish, mdintain, and collect, such rates, charges, and fees
for the use and availability of the System at all times as are
necessary (1) to produce Gross Revenues sufficient, together
with any other Pledged Revenues, to pay all current operatic
and maintenance expenses of the System, and (2) produce in
amount of Pledged Revenues during each fiscal year at least
equal to the greator of 1,25 times the average annual principal
and interest requirements of all then outstanding Bonds ar.J
Additional Bonds or 1,25 times the succeeding fiscal year's
principal and interest requirements of all than outstanding
Bonds and Additional Bonds.
14
77
)U`d J
(J) Rgcotd The City shall keep proper books of rscor:
and account in which full, true, proper, and correct entries
will be made of all dealings, activities, and transactions
relating to the System, the Pledged Revenues, and the runds
created pursuant to this Ordinance, and all books, documents
and vouchers relating thereto shall at all reasonable times bR
made available for inspection upon request of any Bondholder a:
citizen of the City. To the extent consistent with the provi-
sions of this Ordinance, the City shall keep its books and
records in a manner conforming to standard accounting practicaa
as usually would be followed by private corporations owning and
operating a similar system, with appropriate recognition beinit
given to essential differences between municipal and eorporati
accounting practices,
(k) Audits, After the close of each fiscal year while
any of the Bons or any Additional Bonds are outstanding, am
audit will be made of the books and accounts relating to tI%d
System and the Pledged Revenues by an independant certified
public accountant or an independent firm of certified public
accountants, As soon as praeticab.le after the close of Baca.
such year, and when said audit has been completed and made
available to the City, a copy of such audit for the preeadin,;
year shall be mailed to the Municipal Advisory Council if
Texas, to each paying agent for any bonds payable from Pledqe,4
Revenues, and to any Bondholders who shall so request
writing, The annual audit sports shall be open to the inspac•
Lion of the Bondholders and their agents and representatives ax.
all reasonable times.
(1) Oovernmental Agencies. It will comply with all :f
the terms and conditions of any and all franchises, p%~rmla:s,
and authorizati.>ns applicable to or necessary with respect
the System, and which have been obtained from .*.ny governmenta.
agency; and the City has or will obtain and keep in full for:,e
and effect all frshc+A sss, permits, authorization, and othax
requirements applicable to or necessary with respect to t:ae
acquisition, construction, equipment, operation, *and maints-•
nnnce of the System.
(m) No Competition. It will not operate, or grant =:-y
franchise or, to the extent it legally may, permit ~,zt
acquisition, construction, or operation of, any facilit.es
which would be in competition with the System, and to ::te
extent that it legally may, the City will prohibit any su,4h
competing facilities.
(n) No Arbitrage. That the City covenants to and w: W*.
the purchasers of the Bonds and any Additional Bonds that a)
use will be made of the proceeds of any of such bonds at az.,,
time throughout the term of any of such bonds which, if su_:.
use had been reasonably expected on the date of delivery of x::y
of such bonds to and payment therefor by the purchasers, woe:z
have caused any of such bonds to be arbitrage bonds within e
meaning of Section 103(c) of the internal Revenue Code of 19:4,
as amended, or any regulations or rulings pertaining they:t,;;
and by this covenant the City is obligated to comply with .~,e
requirements of the aforesaid Section 103(e) and all applicable
and pertinent Department of the Treasury regulations relat::p
to arbitrage bonds. The City further covenants that
proceeds of all such bonds will not otherwipd he used direet:y
or indirectly so as to cause all or any 1,art of such bonds to
be or become arbitrage bonds within tha meaning of the afore-
said Section 103(c), or any regulations pertaining thereto.
Section 27, A14ENDMENT OF ORDINANCE. (a) The holders :f
Bonds and Additional Bonds aggregating in principal amount
of the aggregate principal amount of then outstanding Bonds ago
Additional Bonds shall have the right from time to time co
approve any amendment to this Ordinance which may be deemed
neceasary or desirable by the City, provided, however, that
notbinq herein contained shall permit or be construed to Per.",
IS
if F71
l~
the amendment of the terms and conditions in this ordinance or
in the Bonds or Additional Bonds so as toi
l) Make any change in the maturity of the out-
standing Bonds or Additional Bondsr
2) Reduce the :ate of interest borne by any of
the -!,utstanding Bondi or Additional Bonds;
I) Reduce the amount of the principal payable
on the outstanding Bonds or Additional Bonds;
4) Modify the terms of payment of principal
of or interest ~)n the outstanding Bonds or Additional
Bonds, or impose any conditions with
respect to such payment;
(5) Affect the rights of the holders of less
than all of the Bonds and Additional Bonds then out-
standing;
(6) Change the minimum percentage of the prin-
cipal amount of Bonds and Additional Bonds necessary
for consent to such amendment.
(b) If at any time the City shall dmaire to amend the
Ordinance under this Section, the City shall cause notice of
the proposed amendment to be published in a financial
publication of general circulation in The City of New York, Nov
York, once during each calendar week for at least two succe-
saive calendar weeks. Such notice shall briefly set forth tie
nature of the proposed amendment and shall state that a copy
thereof is on file at the principal office of the Paying Agents
for inspection by all holders of Bonds and Additional Bonds.
Such publication is not required, however, if notice in writiaq
is given to Bach holder of Bonds and Additional Bonds.
(c) whenever at any time not less than thirty days, an•
within one year, from the date of the first publication of said
notice or other service of written notice the City shall
receive an instrument or instruments executed by the holders of
at least Sly, in aggregate principal amount of all Bonds an.4
Additional Bonds then outstanding, which instrurcbnt or instru-
ments shall refer to the proposed Amendment described in said
notice and which specifically consent to and approve
amendment in substantially the form of the copy thereof on five
with the Paying Agents, the City Counc.il may pass the amenda-
tory ordinance in substantially the same form,
(d) Upon the passage of any amendatory ordinance pursuant.
to the provisions of this Section, this Ordinance shall tv
deemed to be amended in accordance with such amendatory ordi-
nance, and the respective rights, duties, and obligations under
this Ordinance of the City, and all the holders of then out-
standing Bonds and Additional Bonds and all future Bonds and
Additional Bonds shall thereafter be determined, exercised, and
enforced hereunder, subject in all respects to such amendments.
(a) Any consent given by the holder of a Bond or P,ddi -
tional Bond pur-4gant to the provisions of this Section shall .e
irrevocable for a period of six months from the date of the
first publication of the notice provided for in this Section,
and shall be conclusive and binding upon all future holders oe
the same Bond or Additional Bond during such period. Su:h
consent may be revoked at any time after six, months frow the
date of the first publication of such notice by the holder whc
gave such consent, or by a successor in title, by filing notice
thereof with the paying agents and the City, but such revoca-
tion shall not be effective if the holders of 51% in aggreqate
principal amount of the then outstanding Bonds and Additions.
Bonds as in this Section defined have, prior to the attempted
revocation, consented to, and approved the amendment,
16
e
(f) Fir the purpose of this Section, this fact of the
holding of Bonds or Additional Bonds by any bondholder and the
amount and numbers of such Bonds or Additional Bonds and the
date of their holding same, may be proved by the affidavit of
the person claiming to be such holder, or by a certificate
executed by any trust company, bank banker, or any other
depository wherever situated showing C31at at the -date therein
mentioned such person had on deposit with such trust company,
bank, banker, or other depository, the Bonds and Additsonal
Bonds described in such certificate, The City may conclusively
assume that such ownership continues until written notice to
the contrary is served upon the City
Section 2a, APPROVAL AND R£OISTRATION OF BONDS, That the
Mayor of the City is hereby authorized to have control of the
Bonds and all necessary records and proceedings pertaining to
the Bonds pending their delivery and their investigation,
examination, and approval by the Attorney General of the state
of Texas, and their registration by the comptroller of Public
Accounts of the statue Of Texas, Upon registration of the
Bonds, said Comptroller of Public Accounts (or a deputy desig-
nated in writing to act for said Comptroller) shall manually
sign the Comptroller's Registration Certificate printed and
endorsed on the Bonds, and the seal of said Comptroller shall
be impressed, or placed in facsimile, on each of the Bonds,
Section 29, SALE OF BONDS, That the Bonds are hereby
sold and shall be delivered 3o an underwriting syndicate
managed by Ooldman, Sachs & Co,, Dillon, Read & Co, Inc., and
kidder, Peabody & Co., Incorporated, in accordance with a Bond
Purchase Contract, dated the date of this meeting, in form and
substance presented to the City Council at this meeting. Said
Bond Purchase Contract is hereby approved, and the Mayor of the
City is hereby authorized and directed, for and on behalf of
the City, to sign, execute, and deliver said Bond Purchas+
Contract,
Section 30, APPROVAL OF OFFERING MEMORANDUM. That an
Offering Memorandum relating to the Bonds, dated the date of
this meeting, in form and substance presented to the City
Council at this meeting, is hereby approved, and its distribu-
tion is hereby authorized to prospective investors, including
all ultimate purchasers, and other interested parties in
connection with the sale and resale of the Bonds, pith such
changes therein as shall be approved by the Mayor of the City,
It is further officially found, determined, and declared that
the statements and representations contained in said Offerinq
Memorandum are true and eorrmct in all material respects to the
best knowledge and belief of the City Council,
Section 31. PROCEEDS OF SP,LE That promptly after the
delivery of the Bonds all of the proceeds from the sale and
delivery of the Bonds shall be deposited with
Texas, (the "Escrow Agent),
which is a place of payment (paying agent) for the Outstanding
Bonds, and such proceeds shall be used for the purpose of
refunding, discharging, and retiring all of the Outstanding
Bonds, for the deposit of accrued interest to the credit of the
Interest and Sinking Fund, for the deposit of the amount
required by Section 19 hereof to the credit of the Reserve
Fund, and for paying all costs and expenses of issuing the
Bonds. By a resolution of the City Council of even date
herewith the City Council has authorized the execution of an
"Escrow Agreement" between the City and the Escrow Agent, which
providos for the disposition of said bond proceeds as afore-
said
Section 32, REASONS FOR REFUNDING, That it is specific-
ally found and determined by the City that the underlying
ordinances authoril,ing the Outstanding Bonds contain restric-
tive covenants which prevent the adequate and economi:L.
financing of projects which are expected to be required for
various parts of tha system in the near future, and require the
17
~n
maintenance of unnecessarily high utility rates. Such restric-
tive covenants also require unnecessary, cumbersome, and
onerous procedures with respect to operation and maintenance of
various parts of the System and the issuance of bonds there-
under, The refunding will permit the oombination, for finatsc-
ing purposes, of the presently separated (1) City waterworks
and sewer system and (2) City electric light and power system,
giving an improved cash flow between the syetsm,Y and enabling
the City to finance needed projects which otherwtse could not
be undertaken, Therefore, for the reasons stated in this
Section, the C,ty and the City Council have found it to be
necessary and eesantial in the best interest of the City that
such refunding be accomplished, end the Outstanding Bonds be
refunded, dir-Charged, and ratired thereby.
Section 33. rURTl1ER PROCEDURES. That the Mayor, City
Secretary, and all other officerr, employees, and agents of the
City, and each of them, shall be and they are hereby expressly
authorized, empowered, and directed from time to time and at
any time to do and perform all such acts and things and to
execute, acknowledge and deliver in the name and under t-he
corporate seal and on behalf of the City all such instruments,
whether or not herein msntioned, as may be necessary or desir-
able in order to carry out the terms and provisions of this
Ordinance and the Bonds, and the Bond Purchase Contract and
Offering Memorandum pertaining thereto, in case any officer
whose facsimile signature shall appear on any Bond or interest
coupon appertaining thereto shall cease to be such officer
before the delivery of the Bonds, such facsimile signature
shall nevertheless be valid and sufficient for all purposes the
same as if he or she had remained in cffice until such de-
livery.
Section 34. SEVERABILiTY. That the previsions of this
Ordinance are severable; and in case any one or more of Gist
provisions of this Ordinance or the application thereof to any
person or ciroum"tance should be held to be invalid, unconsti-
tutional, or ineffective as to any person or circumstance, the
remainder of this Ordinance nevertheless shall be valid, and
the application of any such invalid provision to persons ar
circumstances other than those as to which it Is hold inva id
shall not be affected thereby.
18
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w
March 9, 1983
Goldman, Sachs Co,
+ 25 28_0„_,000
CITY OF DEN._LEXA$
UTILfTY YSTEM R~ EVE REFUND_ I_ N_ _.G-BONDS SERIES 1983
FINAL ADVANCED REFUNDING ANALYSIS
Application _tion of Bond Proceeds
Escrow Deposit (Water) $ 81509,000
Escrow Deposit (Electric) 12,844,000
1,538,350
Funds to Purchase 1:`78 Bonds 000
Debt Service Reserve 2,100100,440
Underwriters' Discount ($10.50) , 353,920
Other Costs of Issuance ($14.00) 58,990
Bond Purchase Expenses 10,300
Original Issue Discount
Total Bond Proceeds $25,280,000
Assum_ _ ptions
Dated Date 3/ 1/83
Delivered Date 3/29/83
Settlement Dates for All Securities 3/29/83
Transactions
12/ 1/83
First Interest 12/ 1/83
First Principal 12/ 1/2007
Final Principal
1978 Bond Purchase Amount $2,000,000
:crued Interest
$75 + A,1978 Bond Purchase Price
Earnings Rate on Existing Water Reserve lON
Earnings Rate on Maturing Reserve Principal 10%
8
Earnings Rate on 1983 Bonds Accrued Interest
AA1
w w
Securities Transaction,
I, Sell $70022,rat 0 a of 7.875% Treasuries due 11/15/2007, callable price of I
Price $6,112,020.00
Accrued Interest -230 --X6-3-
Sale Price $6$42,659.11
2, Buy $2,399,000 of 11,625% Treasuries due 11/15/2002 at a price of 105-28/32
(first issued 9/29/82);
$2,539,941.25
Price 138851,52
Accrued Interest
Purchase Price $2,678,792,77
3. Buy $1,354,000 of 7,875 Treasuries due 11/15/2007, callable 11/15/2007,
at a price of 77.8/32;
Price $1,045,965.00
Accrued Interest 391469.85
Purchase Price $1,085,434.85
Sinking Fund Securities
$6,342,659.17 Sale Price of Treasuries in Sinking Fund
21678,792.77 Purchase Price of Treasuries Used in Electric Escrow
3,663,866.40 Remaining Cash from Sinking Fund
765,000,00 Cashfrom I)ebt Service Funds
41428,866.40 Total Cash Available
(2,600,000,00) Payment to Bank for Remaining Securities
( 77,802.83) Payment to Bank for Accrued Interest on Remaining $2,669,Uj
(1,500,000.00) Payment to City
(_250,000. 00) Payment to Emergency Fund
$ 1,063.57 Cash Remaining
ti
. 3
Unresi;riced Reserve Fund securiti_qs
$ 900,000,00 Water Unrestricted Reserve (from existing water reserve)
186,200.0 Electric Unrestricted Reserve (from bond proceeds)
1,086,200.00 Total Unrestricted Reserve Cash
(1j085,4;4.§0 Purchase Price of Treasuries in Unrestricted Reserve
765,15 Cash Remaining
Reserve Fund CalSulations
$3,000,000.00 Total Reserve 9,955 000. Outstandin Water Princial-
30.90655M' Water Portion Ratio 3~3 000 ota utstan ng rincipal
927,196,52 Water Portion of Reserve
(900,000.00) Unrestricted Water Portion of Reserve (buy Treasuries)
27,200,00* Restricted Water Portion of Reserve (buy SLGs)
(21100,000,00) Reserve from Bond Proceeds
2,072,800.00 Electric Portion of Reserve 20 255 000 Un)urchased Electric Principal
91.0132555 Unpurchased Principal Ratio utstand ng ectrit r ncipa
11886,600,00* Restricted Electric Portion of Reserve (buy SLGs)
186,200.00 Unrestricted Electric Portion of Reserve (buy Treasuries)
* These amounts are rounded for SLG denominations i, hundreds. ;
Funds Used in Escrows
1. 1978 Electric Reserve ($21500,000 of SLGs)
2. $2,399,000 of 11,625% Treasuries due 11/15/2002
3, SLGs purchased by 1983 Refunding Bonds
1
w w
4
Joint Yiel t;a~14t►n on Restricted Investments
$ 81609,OOA.00 SLG Purchase PricR (Water Escrow)
12,444,000,00 SLG Purchase Price (Electric Escrow)
11913,800.00 SLG Purchase Price (Restricted Reserve)
277,637,13 Transferred Proceeds Adjustment (1978 Electric Escrow)
1691886.69 Transferred Proceeds Adjustment (1978 Electric Reserve)
#23,314,323.82 Total Present Valuer Target for Joint Yield Calculation
Revenue Streams for Joint Yield Calculation:
1. Revenues from SLGs (Water Escrow)
2, Revenues from SLGs (Electric Escrow)
3, Revenues from SLGs (RestrictedlRe3erve)
Yield Calculation on Bonds
$25,280,000,00 Par Amount
148,438.89 Plus: Accrued Interest
(619,360,00) Less: Costs of Issuance
(10,300.00) Less: Original Issue Discount
$24,798,778,89 Total Present Value Target for Yield Calculation
Revenue Stream for Yield Calculation;
1, Debt Service Payments
Yield Comparison
8,8415% Yield on Bonds ,
8,8329% Yield on Restricted Investments
,0086% Difference
ry'
ATTACHED SCHEDUUS„
IA, Refunding Bonds Debt Service
18, Refunding Bonds Pricing Schedule
2, Proposed Net Debt Service
3, Existing Net Debt Service
4, Net Debt Service Comparison; Proposed vs, Existing
5, Amounts to Defeasse (Electric)
6, Amounts to Defease (Water)
7, SIGs Purchased for 1983 Escrow (Electric)
8, SLGs Purchased for 1983 Escrow (Water)
9, 1983 Restructured Restricted Escrow Receipts (Electric)
10, 1983 Restructured Restricted Escrow Receipts (Water)
11. Computation of Transferred Proceeds Adjustment - 1978 Escrow Receipts (Electric)
12. Computation of Transferred Proceeds Adjustment - 1978 Restricted Reserve
Receipts (Electric)
13. 1978 Electric Reserve Revenues (SLGs)
14, Proof of Joint Yield Calculation on Restricted Investments
15, Proof of Yield Calculation on Bonds
16A Through 16L, Outstanding Issues to be Defeased
17. (Deleted)
18, Retirement of 1978 Electric Principal Amounts
19, 1978 Electric Debt Service Adjusted for Calls and Purchases
(Amounts to be provided for in the escrow.)
20A, Retirement of Principal on Refunded Water Issues
20B. Retirement of Principal on Refunded Electric Issues
21A, Principal Amounts of Restricted Reserve Becoming Unrestricted (Water)
21B. Principal Amounts of Restricted Reserve Becoming Unrestricted (Electric)
22, Restricted Reserve Revenues for Arbitrage Purposes (SIGs)
23, Earnings from Reinvestment of Maturing Reserve SLGs
24, Total Revenues from Restricted Reserve
SCHEDULE I
REFUNDING BONDS DEBT SERVICE
80LDW 8ACH8 I CO, TUE NAR 08+ 1963 19151126
DENTONI TEXAS - REFUNDING BONDS
It 00 DEBT SERVICE SCt1EW /DATED 3/ 1/113 ML1VERED 3/29183
PO DATE RATE PRINCIPAL INTEREST DEBT SERVICE
1 `2/ 11x3 4,1 1210641 ,00 f 1 4310375:00 faa1491075 00
l/ 1/64 $15 1117300.00 11,8101b50 00 1315451550 045150,00
1J/ 1/85 1,2 01159 r0 O,Og 11+719042,50 110141 6',50
12/ 1186 ~ 0 1105701 ,0 6116270 5000 $ ,197185100
5 12/ 1/87 6 500 1106651000000 $111r527025,00 13 04025 00
50 ~00 1i
6 12l 61sq0 f4x8+ O 111r31► 4 O 244037M
,
$ 1 1 ~000~00
7 1/11 / 0 71 50 111+7 r O~ 1111 ,1,7, 9 11/ 1/91 88,000 $1,1251 $1003115) $21156,575100
10 1/ 1/92 8,250 611140+ 0,0 1941,5 COQ f2,081,515M
11 12/ 1/93 80500 $111001000,00 6847152500 111947,525,00
12 1 / 1/94 4. 0 (110601 ,00 6754,0 $40 61,8191025100
131/ 1/95 9, ~0 $11 , 01$0 fb~i208501~~~ 11,132,jjQ,~
4 ` / 196 91 0 fl, 51 0. 0 f , ► $01 f 15551 . 0
15 1 / 1/97 7.~5p00 18401 0 00 $4540 7785100 1112940775100
17 1
12/ 2/ 1/99 1/98 9500 $550i000:00 1295i175~00 11$a1$)17500
11 20 g// 1/ 916 5 1250; onol $14P o 448~275,0g
21 12/ 1/ 3 9,625 $2600000.00 6174121240 64340212.50
22 l2/ 1/ 4 9,625 2z700 1100 61491187,50 1419rt 7,50
23 12/ 1/ 5 9,625 1325 100 $1231200,00 444812 0 00
24 12/ 1/ 6 91625 1335, 0,00 691,9 175 $4261918,75
25 12/ 1/ 7 9,625 $6201000100 $59,675100 $6790675140
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TOTAL $2502801000,00 119,1711093,75 144+4510093,75
PAR AMOUNT $2502180►00p0,p0Q0
UUNNDEIRW TERS D1SCOLINNT $619i360:00
NET INTERESTII AND %1 1191800053175 8,909027
ACCRUED INTEREST $1481430,89
T1I,C1iTARp~T AND %1 $2407980 0B9 1841509
THE AVERAGE LIFE EQUALS 8 YEARSO 9 WTHS0 14 YS,
of man
a s
S„ CHEps
REFUNDING .,BONDS PRICING SCHEDULE
SOLDW SACKS I CO, TUX MAR 080 1903 19151126
DENTONO TEXAS • REMIND WNDS
10110 MIC:N0 sc11EDULE swel ST /1111/TEREB 83 PAYE' ~ 11%29%13
FD DATE PRINCIPAL no YEAR COt1PON PRICE YIELD
q0
I/L 1, 4 0386 S.
1 /
5 1 / 187 1166 11906 65 0 1 OO.000 6500
6 / 1/ $10gQQ 50 6J 10 7250
7 1119 111775 11,'3 8 43 8~
119$1 I,, 70 1 0 6004
n' 0
10 12/ 1/42 $10140 110115 8.250 100,000 8.250
11 10/ 1/93 110100 110825 M too, too, 0 8 500
12 122/ 1/444g 1110006650 120513p 9,500 110000,0/0 99q 50000
14 12% 1/9d 4tib45 151618 9,500 188. 4~5$$
15 12/ 1/97 1840 120390 91500 100.000 91500
16 12/ 1/98 $640 13,230 Moo 110000,000 41550000
tj 11,1 1,10 ! ~i417 9~5 100~~ 9 500
20 121 1/ 2 1~ 4031 4,625 49,500 9.674
21 12/ 1/ 3 1260 50395 9,625 90.500 9,678
22 12/ 1/ 4 $227700 50872 4,6225 519yy.55110 4,678
24 12/ 1% 6 1335 7i~5 9,625 94+500 :676
25 12/ 1/ 7 1620 150345 91625 99,500 9,676
,eaonasas s"saxfae
ppTT~OOpTTA~AL $25,280 2220235 22 228gQp pppppp pp~~
PRP OAMIN 12 i269r700~00 94,459256
1wring R11RITERS DISCOUNT 661N6000 2,450000
124x65000140, 0 97,504256
p D18COUAT 1140b110i300:00
Y INT61 TRt3S 1 $1918 i4 0~8 8,409827
ppCR{{~pp 1Ng AND X) $240798,7,~ 80841509
T.I.C~lTARBET
THE AVERAGE LIFE EQUALS 8 YEARSO 4 MONTH81 14 DAYS,
ail Man
:I Coll s
SCHEDULE 2
PROPOSED NELDEBT SERVICE
Equals,
Proposed Less. Less; Accrued Proposed
Debt Restricted Unrestricted Interest Net Debt
Pd, ndin9 Service Re,erva _ Reserve b Earnings Service_
1,Q~
121 1/ 3 14 N75' 1 1 ,936,45 ,6271 i:; 4701 , !1,,
5 jjj 4 ~ +¢7'
'
L7II 27, ►b ,1 57 11,// 11
I 1' q4t M 7, ;
, 441 1 1 14 1 64 71 bb / / t ,291, 7, ,20
8 1 / !90 '111 , 7
, ,
9 / 1 + 'y t 17,, 64
9 `
4
1 / 1/94
)
2
7
, 11 ,
11 4, 146
+ 7, 91,8
1 / 9"5 , 1
17 / 1j" 1/90 11 ,;41975,°° 1941 b6 g;: ),5
E 144,1 4
/ , 94,. , 34
17 / 1// 1 43,E 1941 1 1 4,7~ o
143094 447001
b6 7, 9 , 2 1+1t, 4 ,
1 1 44 44 ~~pp 19 ,72796
1 / 1/ S 48,,00 , ) ly)
,40
24 6 12b i11B,75 4,4b 1,~ 127 50 54 ~,00 -2,087,43 ,79
25 1 / t! 7 474+675,04 211 61 46190
TOTAL 4045109375 6,706,751 94 41019,68740 15020,00 33,568,234,29
()1(~tlltl
!l( 1S
SCHED,,,~,„ U~3
EXISTING MET DEBT S R~ V1CE
Less; Equals:
Existing Sinking Fund Less; Less: Existing
Debt Revenues Electric Water Net Debt
Pd. Ending Service (installments? Reserve Reservepp Service
1, ji ,75'450 •71564~0'80 4~, 0.0 4 ~ ~ 0 ;84b,76~ g0
7 11 5 r~ 0 bb~ 00 , 90~ QO
~~,00 50 000 0 174:'1 :p 55b0pp
3 1 ~0 4 ' 1 0 IV 11 b 0 73 o34,:10
~ , '~4b~~ ' 8'50
t; l/ c ,7 ,947. b 7 ^ i0 40 9 81~ 9 10
40,04 6 ,p7 , p, 0 9 , 0
e 1. 1. 0 4 0 0 0~ 05
4 1,0 IPI :W¢, : 7,50 1661 :7,4 9 i 0 16 6, X14
1f I/off0iP~0,OS~ b~l,p?~ ~ O X40 4 0 ,S 9, 34 1
4 4
b~ 7 40 670
I+ 1 01 109e1043?05^ 623,070100 1360243000 401 O 000 1,1320124050
1069202e7050 621070.00 106079040 000,00 9720427010
1it 100700000 62M`70100 1040529040 90,000 00 7910101060
!7 I'~' 10231077500(. 62 0 p70 00 95,1 6040 400000000 420 390
It, 1: 1/ 0 102 90462050 6231 070000 970e11040 9900000000 •S0o~77 8,4 800
!a 1' 1 7 50697050 61 0070000 94,050 10 0 0 400
7 4166000n0 84, ' 0 7 00 Q 0 460 $ v
4 i500V~ V 00)0000 q9 ` g ' 00
1~ i 7 40 0 0 7 i71' 0;00 .00 2 o 10000
^1 12' l/ 5 741;9i ppA 6,t ,0 p0p0p0 pp
4 :2/ 1 6 )2104 5000 i0~0'GO 8241 ~,i0 4,00 •3000 ; 4,40
25 12~ I/ / 7 603510000000 9, .0007
1pi 5705450467050 M530321,00 06620994000 26050000000 29443,652050
cilc man
~~c~ s
SCHEDULE
Nl<T p-bT_SERVICE C02ARIS N; CXISTL A- PR D
Less;
Existing Proposed
Period Net Debt Net Debt Equals:
Ending Service Service Difference
i'MA
0491•~ 0
I I ~7r
17
17 1
% l%91 1s s r - i i
17
t / ! 2 to Ilk 1 11
f / / + 1r ~pr r r i ~4
1t5b 1I2/ / 7 B720 4 7.t 3r46 2 -1 rO'a64~
t7 1 % ~9 ~q
e
•500p 0 142 170 -694, '60
~
l~8q l` l 1tl 0 17 1
20 1 % 1/ 2 s,: 14 t'16115bb:'S3 •~`H:4 4:Q4
i
21 1 / l/ ,9, 2~ ~~9i f3~18 •125i 8
22 1 / 529 3
5 22,1M1401 4454 .1 ,11 2W
i4 1 / 1/ 6 5,384~OQ -20471 7rS16~79 r2Q279
25 l / / 7 •3~0081569~ 4 4 40 ` 113500
TOTAL 2918581152150 331568123449 -3010r081+79
i
~j0ll~ill9ill
M, IS
' S 'H D l.E 5
HMO Nt~TS TO DEFEASE (ELECTRIC
Adjusted Less: Less;
Debt Debt Open £quals,
Service Service 1978 Market NetAmounts
Period Series Series Electric Revenues toefease
Endin 19781982 Reserve
1711060 118 4'!' i7 1,57
1 / 1/83 45915721513 to 1156125 720010 44 1 1
2 1/ 1%84 1 9i 7 r 1'71'11 7'r1 44117
rt 1
7Rr111, 144 1 7 1 ,
41
1/ / 4 4 1 1 2
I f05 4Or 3 7 r
491411 7 Sr 34,62
5 113141 g72150 24 1 0, 0 1g9131 1:10 0
62 1441 r6 19
5
11 1 1i42495 616 ; l ill 19 l 7 1
]21 1
1 7
8 g 111,111; 1 1 ll
2 13 2,20 1 91441187 114 12 191
b
l 1211 1/61107 1157135,00 X175 1 6 sp 1 144 17
O(1 3 2 i3 1A 134144}}~1 11 17
`i
1 11 ~1 ( 711! 9120 134r44S,B7 84157 1
1. 73 G
1 b/ 1J8 517 ~QJ{.0) 3t+41+411 5 so 2 19 91 r44 1 7 ll 6 179 ~l
0 ~
30144;
13 14/ 5194 110 {I'\A J 1'
4 01
' 11 1447 1 10!b 111 1190 1r' 0 2411067 34+141' 1 2 1 b/ 1/41 2935,00 181 1341141187 9 0+116112
1 8451375104 318175 ,00 124067A 18 12/ 1/91 441913170 134+441191 4 5x5~y}9142
20 L21 1192 8801275 00 301130 X00 14215% ,70 1J91441107 1701831142
961 0400 gg
21 b/ 1/93 2g641 25,00 1
22 121 1143 R94 100 2911 ¢010¢ ` i3 t 4,~0 91441167 1~ 174~~4
2 / 1/44 9r. 1 r P p 1$ 918144111 7 6
91411; 7 12113 9 1a2
24 l2/ 1/94 841,,10 00 2 412081$8 $ 33.50
25 6/ 1/95 23316201042
26 12/ 1/95 03316275-0p0p 276 1;15000: 00 136+77150 1391141,87 850134! 161 196 ~D'4: 5000 01 1 144 , 1
o j S q ` 6
r , 13184`„0 13;14117 Si9~4
13012/1/17 3041750100 247150100 3284;11200 139,441,87 151 1
519151814.
3~ 6! 1/48 19519) 100 341750100 2 b g ~g g q
s + 495197 00 234r10Q100 71+761 2 1341441167
gg38r1bbgg24,9
1./ 1/48 V
3333 61 1/914 1~y8~y71p2p~~0iploo ?2210pQ ,00 331x63333 220 113904147
35 1b 1190 1j4i881 50 211i000~00 3016401,70 11441'8g7 4211754,93
36 12/ 0 441881150 2111000/ too b51150'SO 139 441187 4321749 37
1 ,
37 6/ l/ 1 41264
11141 3,7, 0 00 281b2ss0 13914411897 2121249,8)
3e 121 l/ l 44 1 1, 7 «8g7
39 b/ 2 1631 00100 0 670622 334 21538144y11,8
1538144l0164,9381
40 121 1/ 2 218431830,00 v
00
41 6/ 1/ 3 21450.00 P1 0 b ~~ye7^ p~p(1 0;00 71143
2 121 1 1175
4 / 3 1371430/00 10 o &5130 26d191 0 tSI7S2175
43 6/ J 4 1 1 1)5 'is
49 12/ 1/ 4 1 1 l 175 0'88 25'2 UP
5 17 ¢4121,75
0 0'~ b66 +
46 121 11 5 1331911s o m 66qt to
4 5~
7g 16111 6bb 410,1131325 ' ~ i X95
49 4/ 1/ 1715 60100 801,894,70 0100 21264+114146
so 12/ 11 7 31062x016
TOTAL 30+010,457,50 619081312,50 4r662r944100 x10121293131 2412731482169
«f man
roc is
Ah100TS,_ fI] ilC TAC SC .(WATCR),
Period So rios SorIv s Series Series so l'les series Series
I: nd i ng S 9f 9 _ _19G21964 19fiG . _ 1.969 1472 197
~ t ~ 14471y(j~ , , , 691 , { 1 1 I
1 , SVIJ,Y, ~~IL I bb7sp 155 ,p~0~ ` , ztI I
/ ! t 1 0 1, Qj5 17~iXjQX,, 54i9 ~~00 ~ 991 ~tll 1
1 1 1 1 ~Aj,Q[ 40 5151 41 1 I ,
7JQ~y~1 Il,14,W , 5o QQQQQQQQQQQQ 71f
,
71 I t 1 3 I
01
?/1 7 122 1 140 on ~f
1 5 1 on 70 I f
S,
,
1 9
a11~y , it
8 1 ~ 49,1
77 618 9
x90 t1♦ ~ 1 ,
j, 011 00 00 I 0
8 010p 0o
b
131
0
10 )C 91 8e i 00
93164(41(yM~y j1{ 14
1 4 81 81Y Y17Y Jer1 I
1AA
` 7 /9 ' 0 00 0 00 pppp R
71 ~ 01 0D~00 r,
Q i 1 y1 1
gAAy1,1
~M71J a,
$0,00 g. ~VV o,
71 /99 iii 4 0,00 glee
e i
TMK 854,000100 4451897150 201680,00 ?141000,00 4311445100 111600,00 213031500100
Series Serles Series Amounts
1977_ 1979_ n 9x2__ to Defuse
61 75100 2 91 t 125 ss 1~~¢gg 7~ :97: 7yp
5r 1 3,1Bi337~50 1+ 22 ~~50
917, 4 1 1 l6 13 115Q ~i229i27r~50
17141~1100 41411 16813 7, ,
, 2431 11 10 7125,00
` 3991487~~
7 p0pp pp 7331 71 rl~ fW.
P7075i 3d8923b'~~'1
3571525100 141 71 1 5 , 0,
5512251 34516001x0 TOM N 871188 150
521b25100 33311 155,00 0637150 '3'0; 5 375,
1 a 242+~i1715 ,63715$ 15,7x162150
00 6 30 17,50
g,~0
0000 297425000 223187150 646,042150
0100 284+850100 ?05108?150 608+b8115Q
121250100 166+037,5pp 5701787,04
g,~0 ~5903t2150 1bb+d8715Q 5321250,00 1
000 246x375100 0,pp0 2461375,00
01000 2359687450 0O o 2351687150
5720975100 5,781+968175 303531111,25 1502040197,50
,~CH~OI 7
SIGs PIIRCHASED. rOR 498 CROW f CC'fRIC
pppp WT f&hYKr CONOITIC4
`O~1NO PRINCIPAL RAIf X INTEREST TOTAL OATS INTRST 1ST IN7 x COEF
2 16~ y~1` j /2071000000 86400 +`14Id ;70 $3 193 p0p 3 1 % 1%8 i 11144
1/ 3/31 ! i ,7t ~329i ;7Q I % / 1/ 1F
0 1529105170
11
5 6/ I/1935 88 pp
6 12/ (/1985 1119,000,00 9,340 0291, 2:p 11308:052:40
77 6/ 1/1986 $5081 0 9 1E/ IMP 18161000100 9,530 N i11~iON?
10 12/ 111987 1921,000,00 8,550 $467, 71: ,50 $113 11770,50
11 6/1/1958 $4281269,50 $4261y6950
1112b/ 1I~1yMI 111072,000,00 8550 y1y428i4A 1g0p $105000'4~'9,5y44
13 11112
15 126/ 11 4r9o 1110841000000 8 530 4~~68615 I1$33g5~~WS 1/19 17 16/ 3%14441 1111441000,00 6,550 1551 0175 $11488+6915
18 I2/ 1/1991 16011000,00 8 590 $288, 90,75 1564,690,75
14 b/ 1/1992 18621 9 ,00 1gb^194g100
20 12/ 1/1992 16031000,00 81550 1262, 98,00 184 1998,00
21 6/ 1/17' 12237,2191555 1237,21`97555
~2 14/ /1993 14051000,00 8,550 1211i3i6.iOQ 1 1411 359:00
~3 t/ 1/1941
24 12/ 1/1994 16071000100 81550 12111356100 1185,106,75
25 b/ 1/1995
26 12/ 1/1915 16081000,00 8,550 11851106 75 4793,10605
27 6/ 1/1996 1159011,75 1154``,111,7$
24 16/ 1%1443 15221000,00 81550 $1371Q14,25 $137109MWI
9025
3012/1/1997 13451000,00 8550 113710x99,25 118:,049,25
31 6/ 1/1998 11221350,50 1122135040
3 122/ 1/1 p?8 $3331000,00 8550 $1 135$,370~ $411050]
3 12/ 1%1949 12781000,00 8 550 13 i131~75 13 di111~
35 6/ 1/2000 1961230,25 1441230125
36 12/ 1/2000 42861000,00 81550 196123045 13841230125
37 6/ 112001 1831918 25 $831918123
38 12/ V 8401 177,000,00 8,550 / 192215,s20o5 101118125
40 12/ 1%002 1 1P6 tS4 16 6,50
41 6/ 1/2003 18016260, s„ ,F2b,50
1801626,''') .50
4e 12/ 1/2003 1841626,5` et d° S0
43 6/ 1/2g4 180,626, G
15 6/ 1/24 @dB, :'„,~0
41 12/ 1/2000145 18016241 i0 15, ,+a ,50
46 12/ 1/2005 180,626,50 16.'.:75.50
47 6/ 1/2006 80426,50 $84,626150
48 12/ 1/200!, 1801426/50 1801626,50
49 6/ 1/20011 $801626,90 $801626,50
SO 12/ 1/2007 11,886,000,00 8,550 1801626,~i0 11,9661626,54
sssssaasan:aasa aearsaaaaraaatls asaarsassaasar=
TOTAL 1121410000,00 $1118321206,31 12112761206,31
cilmiin
ii(' S
S~dEDM
$GAPRC0SED F R 982 SCROW WATER
I~INRIAL KIT REPAYIIEMT COI+01 I f OILS
E~M10p1~ 11# M11 C1PAL R YE Y i1 ISST TOTAL MTE IWT"T 131 111 X COEF
"If//11 $4521000,00 #010 7/15/13 1 02951
, 1 `/15 t 7 16
1WI00 6,710 7$6
1497r"Mo 9,250 i . i % % 7l(5~ X5$67
tied
9,660 !2 4~ 44/ id t~
gg7% %
1A 1% % {567x000,00 9,620
~ l 7/1 /1 16021000,00 M20
= ► x ► :
' 73/ %1 16200000,00 9,610 1 i) 1 17~ 1
13 7%1 1593x000,00 9,920 21, 1 1 1 13090
s6 1/ li 1 x y ► 618 /1tt 146dr000,00 10410 1 7x 2 x 61q~
1 % %S 11#6x000,00 10,110 1 791 1 Sr , .95
i0 1/1 /1993 1 SSr OS6S 1 551 165
2 M % 14' $447x000 00 10,174 24 ' X70
Y2t 04191000,00 10,210 1 ,10 ^ / $42400040 1 ~ . ~ 44 $I if 426 )`%l 17
9M$4'301000,00 10,260 ``1~~89i 76 to qq9~~5 1~i 7
1,147 M37r004i0010310 /6111:1 7174: 30 1/15/1998 1441 7,60 $4054760
Si %1 %1 444310,1400 10350 2}11 119 1i21)12YI' S
7/45/ 1203x000,00 10360 1 11 035 1224, ^ ,3
35 7/15% 0 4213►000,0010,410 2141 .65 /2241 X65
trrsasssnastra uusnretsrns nrsrrsasssatn
TOTAL 16►509rooo,oo I6r695r2S2m 115120402,73
%I man
cs
SCHwpUH: 9
198? RGSTRUCTURFO USTRICTC_U CSCROW kGCH.P. S._(_GCCCTRIC~
RESIRUCIUKO RESIRICIEI ISM RECEIPTS FCR ARIIIRASE A*POSES
III SIRICIIP E5CR011 RECEIPTS RESIRICIEI ESCROII RECEIPTS RESIMIMP RESIRICIEI (111" RECEIPTS
}}pp~~ ..................................gg............ .(..yy.AA.~~......................... ,.gg.....C..t...........................................................,.
h UNIMI 1 l as WWIS CIEI OVER CIED gq~lr{IIS 8iSEI ~ AEI plan 111 ON Mil", m11 gir
/ 131 1 1 1 1 11 I IS1 I 1V1 11) 1 1 I 7 1 1 +
I J / I 1 I 1 1 I I t 1 1 I 1 ~I 1 1 1 1 f 1
J/ I1 1 1 1 ! 18 I 1~ I I I I I I 1 + f 1
I r / 1 1 1 1 I I I 1 1 11 ~ II 1 1 1 1 I
I 1 1 1 1 1 I I 11 1 1 pp7i7i7i I 1 7{M`j I 1 1 + f 1
1 J J ll ! 1 f I i II 1 1 I 11 I 1 / 1 1 1 7 1 1 to I /
1
r ! 1 1 1 1 J4 1 I I f 1 1 1 1`/11 1 1 1 1 if
I
I J / ll 1 1 I! l1 I If f I I 1 1611 him
/ r 1 1 1 1 1 I 1 I 1 1 1 K•71 1 1 1 1 f 1
I J J If 1 1 1 II If 11 1 {I 1 I I `1 ~}1 S {f 1 1
/ J 1 1 I I 1 I 1 f 1 I 1 1 1 1 I 1 1 I 1
1! / If f + I 1 7 1 {1 I 1 If 1 1 • I 1 1 1 1 1 7 17 1 II f 11
/ 1 I r 1 1 `y 1 I 1 f / 1 + 1 •7 1 1 1 1•
1 / 11 f 1
+ 1 1 / 1 II I! 1 ll INII • 1 1 II 1 ~1 1 11~ ]
1 YI n~1
~ 7 I 71i ~ ~ ?37~ it O
S Y I % 11 ~ ~ ~ II t ~ 11 i ~ I i
b 1 1 1 1 ( 1 7 1 I 1 YII 1 1 •T 1 1 I 1
1 ■ I 1 1 1 1 1
If 11 1 I 1 1 ! 1 I . 1 1 10
1/ 71 1 f 1 7 1 1 rl I 1 II 1 7 8 1 1 I i + 1 I 1
1/ / I! I) 1 1 1 1 1 I 111 I 1{[gM(j1 I 1 18/ 1 1 1 11 1 I 1
/ I 1) 1 1 I 1 I 1(~ 1 + Sil 1 1 1 , 1 1 1 1
1
If 11 I I 1 1 11 f 91 //a~ 11 II 1 S 1 1 + 1 1.
I 1 I1) 1 I 1 1 1 1 1 1 11 r I 1 s I 1 1 1
11 7 1 1 11 I I 1 1 I 1 1 1 7 1
It
/ / 1 71 1 1 r f 1 1 • 1 7 I 1 I 1 1 2 1 1 1 +
If 11 ~ 11 I) 1 b 1 I 1 i~ I I lll[1 1
r 1 12 1 + 1 d I 11 I 5 1 I I 11
I/ ! ) I IT 1/ ~1/1 1 4+ 1 1 5 1 S .I 1 Ir
I1 1 I 1 I 1 I 1 1 1
/ 1 1 I 1 7 r 11 1 1 If
I J / f I 1~ I I 1 )Ir 1 ~ll , 1 1
/ 1 1 I 1 + ! 1 I I i dll 1 8 1' 1 I 1 1 1 1 1
I/ / r 11 S 15 11 1 1 1 • 11 i 1 I I 1 5 1
/ I 1 I rjO/ 1 ♦ 4 Sj 1 1 1+ 1 1 1 I 1 1 1 1 1 I 11
I r I 1 I 1/ 1 1 I 11~ 1 1I I ~I 1 7 I 1 : 1 1 I 11
I I 1 1 I I 11 1 4 1 1 1 1 1 I 1 1 1 1 1
J 1 1 I (1 3 1 1 I I 1 i 1 1 1 lIl 1 ' 11 1 I 1
/ / I 1 I 1 1 1 1I 1 1 1 I 1 f 1 1 1 1 1 I 1
1/ / I I t 11 7 1 41{1 I11 l 1 1 1 1 11 1
11 1 1 1 1 11 {d r 111
/ J l I I I 11p` 11 1 1~ 14 1 I 1 1 1 1 1 r 1 1 1 1 l , ~1
1/ J )1 I 1 11 1 / 815tf1 I■ 1 I 1 4s+ 1 / J 1 !I
1 / / I 1 II I 4 ~11 1 16 I 1 } 1 1 I 1 1 I 1 ~1 •I
1 1/ r 1 11 1 1 / 81It I I`` 01 I 1 T f 1f I~ `~1
1 / I 1 I r 1 r 171 1 I 1 I 1 1 1 1 1 I 1 I 1
I/ J I 1 1 1 11 1 (((t 7 1 I 11 1 I
I / / 1~ Ir 1 1 61 8111 175 16 ``rr ~JI I I I{ 1 I 1 {I
I+/ If I /1 ! 1 81121 115 16?61 VIII 1 1 n 1 ~11 8 1 dl
1 lt% % 8 l i : 6 i 8bb411}701)S I61616:S0 1 105 . 11) 1 1 1
71 1 .4 1 S`Ai ifi {
q1p~ gp 1yp 2Spp ~p • +71 + N +y~
tt~ l! ]r01i i 212b0i1~1 05 114d6i6~}6 50 .;111, i117.5 81 2111 21161. 21771 2128li1 1.51
man
ID1Al8 38111111701q 1h8151211,31 2112)11112189 ?112781708131 2t123,85 11110170000 111101100140 21771185 )111)8r2M131 , 1
111 1NESE MOUNTS RRE TO K HIMSTED IN )FRO Cal" SIK "IN SEES
sCIiGln~l.l.__ Q
19Et2 R(STRUCTURED_114 S1RIC1.11)_E SGn(1W, RECF,IhTS,,(WATTIR)
RESTRUCTURED RESTRICTED ESCROW RECEIPTS FOR 011TRAOE PURPOSES
UNNtESTRICT11 ESCROW RECEIPTS RESTRICTED ESCROW RECEIPTS RESTRUCTUREP RESTRICUP ESCROW RECEIPTS
»-...w.............w.MHY.,.....N..w..N..... w-Y...........................•.....M,..w... •M.YgV.P. w......... 0............ M......
MA" RICTED A 011,8 ED TR CED M1 w
gg~~ F ITS
ps rail ~18 MIS AC um 0~1m8 RE1 D l1? 9~9T ~
r 01 1x50 I 173 ► 1 1 i'Si,, f 1
! ~ r 8 r + - 60,,1 1 1
r 1 1 r 1 17`1 ~ ~ b~1~,, r 1
6 / / 1 , O,QO , 4M1 + 3 ► 913 I rip r B f 'N148 I
7 / / t , O,vV , r i ► 9,35 r ,40 r
pp , 22440 145 -71t 1 t r • , ` 1 '
3,
7% %B r .50 8,88 r jil r 145 7 1 15~p 0 + ` 27.,93 r 1
► 0p31 ,75 1'77123 -69124 1801 701 93
p e 0,00 tZ 9 IN 175 -7 6116,23 1 ,
4 r 6r M 33 b r42 + 839 ,
1 175 01 11 2b88211 2► , 5 - 63020~1 62 bW! ,53 943, ,
gg , f
/ / 75 62 1 578,70 31;
W 9431299 58 ! ,
3 7/ x175 01 o 01
5 t94 1 551pp Nip 3 I 1, H p5 53138 1~s ~r ~f~~ 11Tfi,b3 8719 1
`4 19451 00, , pp 78 7g+91 02 943 309
,00 ,00 1 -5316~3sp,93 + , 6110,}~, 1 r +
i6 ;115~~ 8~ .88 ;14 075 55 189 1 1 547~ 440 441 - 4 1 321u1¢,l 1
7 / / 1 + 01 111 ,75 957 ,95 ' 3►
72x .03 7p~+ +4
1 ,95 .33p33~1 4~2 409 g~ 401 7 $20
7S 100 7 4t ,75 ~y5y157
1 ~p r 602; ;b5 -31;:60 34+60$1 340 : -8 X40 5777 T?,83 Igo I +
'~~yy pp 1 f 0 1
2 ,70 281269,45 2899001 0, -530,55 x,/,28 103,475,70
222 71%1 %94 104i006~2~5 4. 000 104, 125 1320 75
23 r/ /94 37g9~0 1 01 gp~ 5g7~9fS 125 55 02 5M -2 1 1 ~01 1 f + 1 ,
121,12,111 7 8m'13 i
121,12,111 `'f'9S 560' '~1 8; 6;00 560;5 S
1
6644305 89,178195 220333120 231! 0, •7 4N i,43 r 4,9
26 1/15/98 66:431 11, 0100 0100 231100 4 W2,13 5 121:4
27 7/15/98 841984 175 O,~ Q1 5~~149j:7.221666180 0, 33 y~
471 "+73 01 9 175 7f 74,95 S9►r81120 1418001 i :115 , 5 SJi
I ~ ~~45
175 0,00 0100 5220893 J5 5040074195 -580818180 0, 191 1 jo
1 '17113 7x947+
VAA 30 (/16/41 1625, 0600 0100 280625100 44►547160 151922,80 16t70~1 1
7/ / 0 25 1~p 0p+ 01~p ~~1625710~0p 407#14,7 ``7p160 •16PO7s7140 pp1 1697 1 6 ,b0 b ~1 r ,
' 0~ .00 235;750 21;25 -1;0615 1116 0~ IIt 3111 33 ` 479663
11 $00 50343175 11t0881 5 65 -65007287421+10 40 6x300,00 br +
1/`S% 0 2 51343,75 01 U0p 00 42,90 fs<123 230t38616~
7/kS/ 0 2300343,7) , 0,00 0: 00 230+343,75 224t0861d 0000
TOTALS 1502041147150 0100 151204+197,50 15t204r252,73 55123 777+500104 7771500100 55123 M2002%7
111 THESE MOMS ARE 70 SE REINVESTED IM 1ER0 COUPON SIX MONTH SLOS
CQMpUTATiQN OF TR11NSf'. RREP._PROP DS ,ARJUSTMGNT-19,713 CSCROW_RCCffPTS(GI&CTRIC.)_
WERREDH46 COL4T'UTATION
CITY OF DENION, TEXAS (ESCROW RECEIPTS - 1978 ELECTRIC)
CLOSING DATE r 3/29/83 TOTAL PRESENT VALUE BENEFIT (DETRIMENT) OF TRANSFERRED PROCEEDS= 2770637113
TRANSFER DATEI 3/29/83 12/ 1/83 12/ 1184 l2/ 1/85 12/ 1/86 12/ 1/B7 12/ 1/86 12/ 1/69 113TOTAL
RETITLED PRINCIPALI 20000000,00 0100 0,00 8551000,00 111351000,00 10165x000100 10200x000,00 112001000100 7,ST(l1,000100
PtD co INGG 2p9P9R E~Dp$ 14, 94((,4
2 af~
1g1551/ IT 116: 16s~0~4 1j33o, 1 ~~gg 8 1.11}41 _114
i 11/ 1/~1 13g411 ;,SQ3 1J4Z1 144
1MB~i6 1Q;
,69
6 117 178g~5 1x130; 113 17;0g64198 1 xt),,4454$4,
69
246446
9 117 1786 l►132;4"~5166 117;78193 0 052121 1 135,16
7 2457 1101352,21 4.TiB1
7
S/ /87 , r OS 1119 111 3 3 14,~ 171 3 3 , 2 12
14 117 7~ 11 07 1a$ 1 2; ,S4 4 2i7 69;472134 ~r7; 1
` s g ~ 8b,1B 6 16 3 107,4
!211/ /88 111112153 19►26i "1 '91 1t41340,30
3 / 19 74x)95127 161§75,18 719 3164 101547r8,!776 3:J07 ,,29 1 112 ,11 7 05
00 2 0 7,49 r S4 81bx 1 ,O
4 44 0 1 / 110 1r 910 J:4 1 1 51~g 76 4991 ►1 8, 7 : 1 66107,53 1+7 0,45 8 S4 bl':71 1190 40
0►17 2 ,43 41 1 r 614 7 ,7
b it/ 111 3 1 br4 P 1 b 2, 1 ,54 6 11 ,
17 5/ 119! 105x725,35 10081s60 41694,63 6123°,06 61396,78 61586,96 61588,96 4!,482,99
l8 1l/ 1/91 98,825,35 51x812,55 22x149,87 29x40,6.2 301180,81 311087153 311087153 t`~J021192
!4 5/ 1/92 90x394,45 91389,19 410!3188 51328,'171 50469120 51&33,52 51633,52 2(5,467,67
28059,119 291519,45 30406,30 301406130 1'41,433,01
20 11/ 02 4871694,45 501677117 21t6609
2 S/ 1/93 746872105 71776,90 231846162 4x442129 05 ,04 4o ,14 41¢66,14 "9,377, 3
11/ 1/93 477x17810 491563,45 37 a ►1 6 x8 171 290 ,07 29x//38,07 ",712251 2
2'6 5/ /44 59►Jp1,93 6x138681 1024137 1x463,81x5 x64 31683,32 3x693,32 '13x182157
24 11/ 1/94 46911301,93 481745,98 2~1 38191 2714683,34 281394,53 290247159 29x247,59 te4,13 194
25 51 1/95 43104168 49466154 11909,44 21534,76 2160106 21679192 21679192 161872634
26 11/ 1195 4641501,58 481247137 201625,75 27x390,39 280504109 28x948,42 281946,42 32,2505
27 5/ /96 2 ,1115 5155 2x743 )6 11172,46 16557108 11598124 1x646,26 16646,26 )0x364,55
22p9 9q 11/ I/N6 3201g,55 3312261128 1416227,75 18x9877,13 191386,335 196968,77 19x9668,77 A'251720105
30 117 1/9477 31yy7i23I'M 3219916161 14x01961160 !806541~7 19011 3173 1911)7013633 !917`)0136 X1744701y1
32 117 1%49 75188 15 7x882133 3x364,70 41 73122 41391116 107291 0 41724 4 0 182
TOTAL 141997x767144 1+5560609 0,00 0100 4551454,89 5210088,87 480x516164 3791040,92 298015,36 3r,ib1,582,97
PV OLD(t) 111601324,38 0100 0,00 2791613189 2991034,06 2419211,96 188055,04 137408,52 213066147,85
PV HEW(2) 16015x144,91 0100 0,00 248057,46 267624,51 217x438,03 1711186,14 125x482,02 .0,1441833,07
PV BENT;FIT 1451179,47 0100 0100 3106,44 31009,55 23073,93 17068,89 121326,50 A101408
(1) PRESENT VALUE AT OLD YIE0 ( 51804530X) TO TRANSFER DATE THEN AT NEW YIELD TO CLOSING DATE
(2) PRESENT VALUE AT NEW YIELD( 8441500x) TO CLOSING BATE
UU4 f-_.l. l„_(_pf+--2.I
Mir
COMP ITATJQN OF tR(~NSFGRfIf.ll i'IZOCf IpS_hUJl1 TMCNT-_~,.1~37Q._C5CROW RE CE IPT_S_~RECTRIC)
600 MA SACHS I Ch s PROCEEDS CQ4IPUTA1IOk
CITY OP DENTONI TEXAS (ESCROW RECEIPTS - 1978 ELECTRIC)
CLOSINB DATE t 3/29/83 TOTAL PRESENT VALVE IENEFtT IDETRIIIE#IT) OF TRANSFERREO PROCEEDSs 2M637,13
TRANSFER DATEI 121 1/40 12/ 1/91 12/ 1/42 12/ 1/93 12/ 1/94 12/ 05 12/ 1/96 12/ 1197 TOTAL
RETIRED PRINCIPALI 1,2001000,00 600100040 6001000,00 6001000,40 6001000,00 6001000,00 5001000,00 300100040 121551>,000,00
PD ENDING PR EEDS
1,1n 199, 4
; 111 , 1311+, ,
ll~ IAA 11 141 1i 11~ f N
1 1/ 1/86 1 1 5
5 36 ltiiF+ ,
T5/ , b 135 16
p4 1`5/ 1/07 111 0'sl 6,46 ~i1iT861,12
11 1%~ It 1318 1 146 *~6~ ,2~Jdd
12 It/ 1/88 lit W3 ,53 IV 407,
13 5/ 1/89 179178q5,27 1410 340 ,3B
14 1t/ 1/09p 111091095127 4660050140
16 1t% 1%90 111 r438:2 4;IW~R17~70
17 5/ 1/91 30 1 ,35 61588,96 +i1107f,95
18 1l/ 1/91 490) 35 311081, S3 2:M.B09,45
19 5/ 1/92 9013y4,45 51633,52 q1 16,76 %,X,917 95
20 It/ 1/92 487x1194,45 301446,30 151203,15 4'r 042,46
21 5/ /9 741 7:4 41 4 1:J6191:07 21 331 7 1111709, 51
2 11/ I/41 477172,08 291 33 :~7 141064,03 141869,03 24161702,
2 51 194 SS41`~11.93 1b x,32 1841,66 1184`166 11841,66 312,397 86
2 1t/ 1/94 4b91393 4:97),59 1 1623,79 141623,79 141623,79 WI 256+91
25 5/ 1/93 43001158 21674,92 11339,96 11339,96 1,339,96 11339196 :'4,912111
2 61 1 , 16 , 141474,21 14,474,21 141474,2 2ats1044,72
2¢ 1j/ 1/93 4b41Q, 201911,42 141474,21
/ 1/96 2 5 126 823,13 823,13 823+13 823,11 623,13 x6,126,45
28 11/ 1/96 320x41565 191968177 91984438 91984,38 91984138 91984138 91484,38 Vrt, 610,74
20 5/ 1/97 1418 1,95 924,35 462,17 462,17 462,17 462,17 467117 385,15 ~'1434191
3 1/ 1/97 3171 1, 19x770,36 91885,16 9186,18 91885118 91885,18 9186 18 81237165 :1111,904,83
31 / /98 21 7,1 9,43 89,97 8 97 89,97 89,97 B + 7 74,97 44498 11682153
32 It/ 1/48 751 7,15 4,729,40 21364,70 2064,70 206400 21364,70 21364,70 t►970,58 11182635 x91481,34
TOTAL 1419871767 44 219+89644 911111,17 731091,26 551889,16 391423,71 231604,53 101668,35 11227,33 411.'!61502,33
PV OLD(1) 421918,16 361133,83 271213,41 191535,38 12025112 71230,33 31072,50 327,61 2,711161104,19
PV NEW(2) 841394199 331170,37 251255.32 181331,99 121240,72 61919,26 21977,23 319,11 21='!8►467,06
FV BENEFIT W18,17 21963,45 11958409 11203,39 664,40 311,07 95,27 8150 "11637613
(1) PRESENT VALVE AT OLD YIELD ( 5,804530%) TO TRANSFER DATE THEN AT WW YIELD TO C00.1N0 DATE
(2) PRESENT VALUE AT NEW YIELD( 84841500X) 1O CLOSING DATE
SCItCpUI;~_22 ~1 of_a) ~ ,
COMPUTATION_pf TRANSrGRRLD.PRQCF.rDS ADJUSTMFNT_ 1978 RESTRICTED RESERVE
I MSISIMCPNPFOC k OGIr111A1I0M
MY OF KNION1 T Af (KSIRICIID Rfum CUM ' 191111,10110
U1614 Mt( 1 YOM 1'1 A4 PKSEMI VAEIIf. KIKfll IKIRIM[NI) Of RAMIRO CROCEEDSI 14916NI69
100vto M1t4 024183 12/ 013 Q/ 1184 121 1185 IN 1/66 I2/ U81 121 1181 12/ 1184 IN 1190 171 1191 121 IM 121 IN3 WI101A6
'IIIBID ,IIMOIPAEI/A E[ 710001000.00 0100 0100 855100000 111351000,00 111651000100 117001000,00 112001000100 117001000100 6001000,00 4001010,64
600+00,08 31-M1000
11
1 / / 1 f ' ~ll 1
111 1i , ll ,
/ r : ~1 711¢ 1
1r 1 2 I 2. i1' '
q pp b' ' 1 .i9 `
~7' t 1 2 i? i a s ~~~~gg aI ~fi
1 13i088~1i
I 1 % 2 i i. 2 i ~ 7s ~`:68 I ;
14
1 f / I 4. rQ 14 q~19109;6g7 1~49I b1 i 1130 IIg6 Ig,
I I ! 1 ? I e 97 EBBS 1 ,S Vgg i 611
04
` pp pQ~~ ~ )t~0 9.91 141. pill
717. 5,1441 ,31 1:0 Q 3114 , 31+ 3 I 17 ,}1
I`I b /165 1 1 1 16 771 1 14 • ± 45
7 ltl 1 14 },41239, `
0 l 1 14 12 1 1
/ 193 4 1 1 41 4 A 1 14 1 115 1 1 1 1y7 ,A5 I 1 1 , 1 .41 1 191 2
1 1 1
" d l 1 ` b+
I/ 191 12 + 1 $21 1 98 31 1 1 4, 1 1 1 1 1 N
22 any 1 2131, 41 1 4 1 11Itt{{' 1 9 I 1 I 1 1 41 : µ ? 1 1
,76 .II 16. I ,
. I / 1/71 11 I ,7$ 1~13l5,~ JI~ 41 40,01 3111~1~ 31~~~~5 00
1 ; i 1 , 717`19 31 4 ,!1 31 31 31I ,i 1S 115 1115'I% 2Q1
7 1 1 1
+i I 1 16 9, 1 7 , I , 1 , 1 1 I , Ii/1 ,63 Illyls
2s 1 1 i I , 1 41 I 4.JT I
1 IF l 1 1 111 1 I 110/1 71'451 !411 3 {I 6. I 1 1 ~7 11,T7I f
! J1 I 1 I 1 1144997, I »QQQ 1777~~9~~ 1 71 1.
11 J 7 1 , 112 1 11 b, 46l hl ,,b$ I 1 43 1,4{ Al 4 1 1 , I 4 1 11,11, 1
.41
b 16Y tld !1 I , I , ill 9 ~1 . I 11•{~1 , I ,?~7[M..fl , J
1,E 17 . 3 1 I
yy} li~8aZb, I !1 3 , i~
' 1 l lii + 3111511 11101 64 1Q01N 111 3,43 111771,y1~3 1f1 ,43 r911 11 J y141 "S." 171 035
I 1 1 ft 411 1 416¢p~, 71Q111j'14141 11 !1 1'80''' 1'10 Yi ~i 101 ~i07; 3s
1 1 7 611 , 1e , b I I I 1 t 94444 931,54 1
3 5y 33 0e, 21 I 4 1 I II I
It ,94 11 4 , + 1.0 024,3 I +
40 04
SB I ! iS 8'#13'3 1] 9 111,1189 111911 + }1 41
0 1 1187,$7 2,u ) !1 40 11010,0 !1 p. 71 20 ?I lOT J '0 ?1430,.9 I ~q
11 U1.0 1 q 3 DO 110 J,411091,,131,5 4 410 11214784,,) 8 II 11 »3,~ s 41 21 J,3B) 21 fl 1r `:11 h 1.71: ~1 75
40 I / i! i 101 3: 91 P 11 00 1 d 04 41{1 11,10 , 131 10897,1fl 3 I ,BS
41 b1 Y! ??h I, pQ 2~g55 57 112 ,76 Idd2 154 11713,11 l13lJ,~1 11113, 1 1 1 67 85A.+~ 15~19 ?
43' 111 I1 ibdbl{1 ,p0pp0p 314036g1p41} 21 ,53 3191 1{? 1:831112 ,1143,x1 110 ]1e0µ18 41!13, h 4 ?11}++343 21g0~7[114
1411 )
11 1 i 1 1 6Si .00 421188 4f II 1 ' 7 1g1 A 111471Q¢ 1183'31 !1 1~, 21 56 TO 2110J86i.lr ~4
1 219 X34 1195 1#5 ~145l154 1C4131e+rr IC 1 1 131 21 1
445 / I/ 5 I 31620, 11 GG,33 146 ,2p 1 21,51 '117 , 1 [15122213331 I1) 1 1 4 ~f I
3 [ i i S 2 ~4 13 1 310 070 ~11 yy, a3 !1 19,17 111QQ, 11;00 11 21 7 7, 1 541p00 ?120135.Ja 1?
p yp p I1 6 11{ 4. 2 11461 9 1r1 b 111 'bJ ?1 7573 2113y.~t 0705
4 79 ,1013,)7 {1[01, {1 41301,0 11 {Ib 4b
48 f / d 4911 050 114 3186 ,7
49 dr 1 / 7 215 9,1p r 1' " 11003,52 11)12116 11341,)1 11408,45 1+40145 1110/11 1011 1Q4,3 104,E 3315]
SO 121 It 1 11144110 8113 ,1 J 16 216 4 1269156 4 {511,95 441915,57 {41975,51 191915153 ?114111 24+ 1, 211M 1 1)6,10
TOTAL 41662144440 484+341,11 0,00 0,00 1021811121 7251014.76 214+782,10 201+4)5,61 1071211,31 1711114110 01761131 741"11}1
6910921.°6 119451276 34
CV OU M 264140,72 000 0,00 8411%09 961142,99 04 397,21 131709,63 621124,31 S? 1042 165 221131 09 141)95,03 17119'1.54•
7161941,01
CV ME0121 2071493,51 0,00 0,00 611665.93 121434,49 61003,59 591318435 49013.72 111523141 181202151 !51}13,64 131011,ii
614110,4)
IV KKF11 M190,15 0,00 000 161488 96 11 100,51 161393,61 14M1,29 121310,60 101539,17 415211,51 3101,39 3011,A6 157IU7,04
111 PKS(NT VALUE At OID TIM 1 5.061011 TO IIANSIER DATE 1NEN Al NEW YIELD 10 CLOSING DAIS
12) PRESEMI VALUE Al NEW YIELD( 8.114150011 10 CLOSING DAIS
SCttF_Ul1l~C_12 (2-_p-f __3~_ ,
COM~?~ITAJION__OP -TftAH.SF RRFp.I'I~(}Cl f;i?S. A~,IUSTMfN1 _1.9'It3 RCSTf?ICTEb R[S~RVC-_(ELECTRIC 1R1msl 1. Kilt ICRO,s EON OIAllON
my OC OENIONI iElA9 IRESi81tlC0 Rm Ayt RFCLIPIB - 1478 EUCIRI01
CL081NO MIE 1 304/83 TOTAL PRt5[NI YAWL PENEEII (KiRIN(MIl or iRARSIEARED PROElEl9- 1691606169
[POWER DAIEI W 1/94 W I/9S 12/ 1146 12/ 1141 I2! 1198 IN 1/94 IN 11 0 1?/ 1/ 1 1?/ 11 7 121 1/ 3 I?7 I/ 4 I2! Ir $"TOTAL
P IIR~ NC1►AL 6001000100 6001000100 $000000.00 30:000 000 300 000100 :501000.00 M1000,00 2t51000,00 ?1410 000100 01000.00 0100-00
50i00o, rk U1 2 34 1 000 4 00
r Y T)Ji , Ti ,ttI
II'f )i ~ 3i .j
f11 ,
I I! I+ ~ ]f 1 i4~
11,
1611 1$
1 / !9 1 /i
! r flly4
4 47 .17
r7 1 17 Eli 61492
/ 1~ 1 ~ 1 p pp~~y~~j1 1]1('('((724y7J
C J % i74 .
174~1 1 423 e2 i~S 11DOJ.52 71!78.18 i 1 6 $i
I / 36i13 420 119 11 OIL 82143 441 86 4P7-8b ?1,118 42
14 1r 4 11665436 49 42'2 999,22 1 1 815
I l 1+ ; /
I r7 ?6 164 1 IrOJS 941 . l5 7 1 291A
1 I 11 )0 ti 2i 1~6551~5 BbJ 1J
/ 1 ~ ~ 9 4 1 9119 46 100 1 4 8 4 ,50 ? 16 406
21 210 fO 114 ~~dd3 li +555 y160 Ii0g5g 660b IS )Ni 93 SI ?ipT 16
121 J i 21 20 07 1 1175.?, IrIlut 1165359 944 96.19 In: r3 1 ifs .96
4 / / 711 1 + O 1 7 1 31 1 A4J1 128 51 P40?. 495 397461 3414 W:2
I I I 1 1 921 h i0 I, I3I ,9) Sl 4191 4 63199,7
1 / 1 21 ~11 3} 10B3at 439.49 9J) 19 NO .S? 4
4 / 1 4 393.9 J 4 J 45 380453 6 4 33 31 9hi 9 ?14 1 1
38 0 91 :SS OIO IJ fi C 17 Bi A? 0 Idj S±$.9~ a` rF 91 1,~1
I ! % ; . 21 21 11 . I1 7. 11 . 89 3 445 1II4 9 11 4 ~1 49 55 d p y I
) pp 207'!0e 52~ 21 553 X73 11 g~ sI 110s76y47!I 11y7p6p I7I 11 31 480r1,01 8 01+S}}t,ggJl Iybb}I BSSS?ttt 115 9Sq~~J L~. u, B 7Q 3,10
50 I / % ? N3~ 11? 21rM{;» 24,18174 241823.1 121143.89 121443.64 10, 11.98 111{S?.II 3111 .)i IOIib17.00 ?0191 01 11685.85 241)R.
1? 6)5+719.61
10101L 416621994,00 641964134 601163450 46154/419 261295120 24,666,61 191312411 391855438 181501 11 1510961,30 21582492 ?0105474 213!'
M 213311613444
PV OLIII) 141882452 12113)405 90216,43 01144.96 41378466 1 246483 31164478 21801,78 23184848? 355411 217413 '101. It, 855,352481
W NE8I2) 521053462 IOr432123 MUM 41081407 316SG154 M50461 2 020461 24447471 19104446 321478 156,44 :e 4 Ok 61MIJIMS7
PV KNEE11 21828450 21404483 11699446 860184 120412 446422 444417 351407 21413186 33139 20169 tA4 M, 16911?446
III PRESENT W LIE AT OLD YIELD 1 5,11145302) 10 IRANSIER IM1E TIIEM Al NEN YIELD ID CLOSING DATE
12) M UNI 144L11E AT NEY YIELDI 84841500[1 10 (LOSING MIC
SC~IIUULE.,_12_„(3_ of_.3,)
COMPUTATION OF TRANSH._Rk_ O PROCEFOS_ADJUSCMUNTA_1978 RL$TRICl_f.Q RCSCRVC(FLECTRIC),
RI05ff('RAED PROCEti4 cONFVIAUpI
CITY Of KNTON00 TWO IAE:ITAIOIEI If RAW KME'Til - I921 11,100I0
CIOSINI DAIS + $!29113 10104 M UNI V6311 KIWI (1KIRIYKNTI Of IAWEMK) PApEEEre 16f00116,61
IRANNER MITI 1200 I/ 4 121 $1 2 TOTAL
F IIR~M M NCEPAEI E S 3000000,00 21f2S1000 00 IfI2S1i000,00
r r t~
JJ 00
I f/ r 2 ~ Sg7. 1
1 4 ~ % 2 li 4003 ~ 4
0 I ! ~JfY 1~ 00 S,2 ~00 ,3~
/ J4 , , 009 , f
r I1J94d ~ ~ ,
I J l44 l , ~ ,
12/ fob l 0047 , 1SIT 3 11 11
4~1~i
f'i X1,2$3, 8 ' f
00
i1$. ;~j
„
40 1 / If 2 6 0041 12i~S ,48
iss J 3 h49?? 00 g 20
4! 1/I/100492, 001
1 ! IJ 4 2800361, i ,1
15 Ian Iit, 1dy 6~y5i3ll xa`00 2 ,gp
46 12d1 3 100114,59001 ,5!41 1 S`A00 ~,IO
so
s111 I1/ 2 A 008 2,0HT? Ao:ai;+3
TOTAL 40066200f94,00 20014100 0,00 20013400254,45 F I I11i111
PV OLD( II 261.01 0,00 85500613,4 4 ` 1s
PV XV121 253,51 000 68500227416
PV KNp1T 2.43 0,00 16900884069
111 PMSEIIT VXUE AT OLD YIELD I S 804S30I) TO TRANSFER DATE THEN 41 NEW 1ULD 10 CLOSING DATE
(2) PRESENI VALIK Al NEW YIELDI 8.84150011 10 CLOSING DATE
scH o ~ 1~
1978ELfCTRIC REK f R VfNU S 1G5
40LN W SAM I CO. 91, PE6 16, 1983 12151131
OENTON
ii BOi1p DEBT SERVICE SCHEME WED 12/ 1/82 0ELIVERED 12/ 1/82
Pp DATE RATE PRINCIPAL IIyNIMSSpTTp DEBT` SERVpIICEpO
1 / ;I 3 1 ~ i000~Vp 1~;~~~008~00
1 ~ 1`/84
gg~~ 4 ~ ObbQ~00 1 bQOGOGp
3 1 / /05 5 12/ 1%82 118000 11511 100 8 3 X824440 1281;3'4 10
iiill:i0loo ~7 1149,00
2 40 1
00
,
, Ib71b2 0
10 12/ 1/9, 5. 00 47810001 0 1g89itbp4.040 1 3
I~ I'v 11
1 W I 9/94 3 8QG0 1771900'00 ~8~;574 ~0 115 ;3~~;;0
. 00 ] ~5 po
15 12/ 14 1^1 1/96 IN. 1781 0 17! 0 17115, 2 00 1 3bi243 00
IS l~l 1197 so 0 1 f. 0 7149 IG 1 o~y9 .4G
16 1,211 1/98 51000 139100 .00 16U28b .,00 4105528,{0
1 12/ 1144 OG 13^r 'p0100 1631•
18 321 1/ 0 Q00 ~SSr100 1g,381: 40 lp?11SOO
19 12! 1/ 1 0 35 95 0,00 1305,00 1 4 80 -40
20 12~ 1/ 2 5.0 60(1 1391000:00 1571246 00 1943i24b M
1 I !I 3 0 4" 0 1124;722;00 141;722 00
0 91 p 195,460 00
33 12% 1l d 2~ 111132 4i0~00 147ig4g6yy0]~00 $13102 00
p4 l2/ l/ 414G _ 18241494
45 12/ 1/ 7 51 00 177 .00
a7~12l5001000c00 42 1821994.00 a aai41bd2~994r00
as
TOTAL
~ol%inian
ac s
pROOF OF JOINT YIELD I.I~ATION ON RE. TAE INV TMOTS
1AA6ET OF 125f3t4r323192 A8 All 1NTE11illAL RATE OF A£TL" EQUAL TO 919329M
5tredm 1, Revenues from SIGs Water E5S- r-lwl
91SI~UJIiTED AT p193291 A8 OF 3/29/93
KA P V , F 9 LIT CtNNN A Q}
' f
X17t
1 ~ f r 1
133 ► i 4
S// 1 1 I I I
~ r
b ` ~ r f f 1 f f 1
I I 11 9 ! I ! I f► Ib
SO 1 ►
~1 1 1 f I
/ p b , t , 1
26 ;23 (4 s 4$ 71 171
g ttt 17;
y,i~ 1/ /~4 I 9 0 4 1, 1 1 3 r9
is 7/ / 0 19 7 ! r I s si .n 1
ta / / 1 ' 13 i~b; r r ;
►b 7~ t I
17
i4 I 71 i I
194 1 3 79 1 r9 I1Q r24 i7 f f 144
I i 167
31 A
2 l 196 18¢S Idi dl 6p
I r 19b
2 5 7 4 4 1~; 41 4i ;3 ► 1
1}Sl$1 7 r 31474195 !1 r tlk7 6► ~2B
't 1
/SS/98 1 1S a9s s 71gg~~760 r ► z1 3z +
s i4i471d0 4134►4 710`; I~i4 313
31 1%15%19 +'352,8 r 01 2f3S 62► III 103 $p + 21
j4 171%tt %99 y/(~~X 34~ gP77~gg3 r2o►22 1bb35 0 5 ir 146
35 7/151 V1224?843O l234i15 (sii013i6191S'4S
TOTAL 41Sr2O4►252113 49r013►d19153
%ol%imal
ic s
Qf .3
14
S ream 2 Revenuos from 5l.Gs E ectric Lscr0-wl
D18C011MTED AT 8103297% AS OF 3/29/03
PER DATE8833 lyl FACpT j MQQT CUIM1lAT P V1
1 .10476;
2 1% 18391 5442 1
4 1% % ~ 416 1' r 1
J jezy~ I 1 1 1
/ / ~ Elf I I~V ~ I 1 ! 1If 1
7 1 / l% .78 74 1 , 140 1 ! , ! r 1
9 14 11
4 : ! 9, 1 I r t
ba 3s 4 333 ~ ~ ! I
I $1 , , ! 1
1~i i 6t, ~4 ~ 1 1 r I$
9 4 ` 7 I ,822 f
1ss 1bb~ $1
1626/ /y 54225 9 Ill`` 1 1 `~ff~11i b ;
18 12% %4 ~475i 1 r i 14491
b/1/ 11~p 76b1 { 1 1 691 13 , 14
! I ! 2
12/ 1/ 2 p4~ 143313317 1 I X00 1401! 4 it
7 i X04 { 1 ; X87
2 l2% ~%93 0,3 1155~J 140018 9~75 6$
149
1/94 7 1171i 31 . 1 1 1 3 II
63
4 /9 18 1 1 f 1 f! 1 5
4! , ! 1
5 1ii/9yy4 . 9 64 6 14 1 4, 1
81 1 r I, r
6 S, / 1/951 448 1 04 1
1
27 b/ 1/96 01 ~ b 61 1 14115 2,88 118 1 #340135
28 12/ 1/96 01 73;~d 17 +0}4175 12 ~r371 b f 3rgg1 b8b~B5
24 d/ /9 7,,Al 1 ! 1 17;5 ;42;7235
3pp 12/ /9 1~131Q46 /S r 9
3k 6/ / 1,204406S 1 f 1 16 1 4 3
613
q 5 15. 1
32 12/ /8 013 0~4q417 6 t
9
31~ bl/ 144 81 4~ 7 73 / f~ ' 'SO f1 ' '
3 1~l 199 1 693 11 51 ,7 61 , . I ► 1
35 6/ 1/ p 012 25 12 173025 14x69 18S `1 I I F
3¢
8 12/ l/ 0 0.2 707 9 1242121825 44511930125 199184 X19 1l f ! B,Q
JJ bb/ 1/ 1 p. 7 4 62lg`y~25 1 qt f f i ~q~
l4/ 1/ l 0,1 3 148r X69 I +71{1 151
9 6/ 1/ 2 00 1 2 9 1261 ;~2 ; 4023 7
40 121 1/ 2 8118 11714 -/711 1 q
41 it// / 3 70
N74674 y302 1 ,42 ' /1110 ~N 1111 1;3
42 l/ 3 9560 11926. f 98189 I1S1 111 132
43 6l 1/ 4 0.16041107 16418281 1 1S1 1 7131 11► 11826.63
M 12/ 1/ 1 0115362619 1451726150 4 9y
45 b/ k/ 5 114112029 (64172b N~~pp~~ ii11 4q¢p
46 12/ 1/ 5 0114090524 169,226F~p 150 19115 A l}i911;1~'t!
47 6/ 1l 6 0113494540 6641528,50 181707155 41 1 1811186
48 12/ 1/ b 0152923764 669x32615~~(~0///~~~ /81959154 $11, P771,25
44 6l 11 7 Q112377130 666414 661 171374115 1~2i204;9)3~1~
54 12/ / 7 'Q+111853616 12128218 4. 12681 26119
TOTAL 12412761206,34 6121204072.1B
4j0~~ltliill
tic 5
SCHED I 14 3 Q 3, r
Stream 3Revenues from SIGH Restrict de RA-0-1 y-01
UISCOUMM Al 6,8329n AS OF 3/2943
PER DA/ P V I 18 4 PRE r I CU1R11A I V
kk ► , I I
6 96 1 r 1 i2 i .69
r ; ► ,
141%l%7 167440 1 r ,1 1 1, 1 I
/1/ , r , 1 I 1 f I,
l/ l/ , 17 1 4
/ 2 4v 1►, 1 1 r
14 It
~9 1 i7 ~4~ ~ ~ ~ I ~I 1
1612/
`
17 114 14 4 4 1 if ,
1 if 4~d
11 l/ t/9 ,4 38 1 I 4, 6
55► 1 ► I ,
/ / ,45 411 ,
0 1 ► 1 1
H 4 7 /9 41 ~ A I , I I ,
2 1/ 144 '7 1 It r .48 1R► I I,
P6 /5 its, s 9 64 14 Irr 0 1~f11~ i7
27 l2/
b/~ /9s 34B 112 12; , 0 2
i X06
28 12/ 96 943 114 1 6 1 3i i i .
^q / 1/91 pp, 76581 1 7, 4 t 1t 11 , r r ~4 6 1 t 330}} 1d47 17 7 00o~29bb 3~ 5 i 9 .50 it 71 i 27
31 12// 0,2511 7 Ijtr , r I ,bb
33 6/ ,2471 473 y3 ► 4, 8 I , I ► ,8b
34 12/ 7693 27114, 1i~,p; i `
1 I / I , ► r ,
36 121 i t 0 1 175180b 4
,1
37 7 n4 I~g r 70, ► ,4 I I
4 ,1
3 1/1/1 ,1 1~5~47►), 1 , 1 1 0
3 2/ 1// y 4 $~1 714 12541 1 6 11 t 7
4~ 12/ t
41 6/ 3 ,1 ypy 151 ` i 41 If 7
42 12/ 3 ~A 7 ;t560 1`1691 4 s 7
43 6// 4 41}1t7 1181 t ~4 X75 t rr ~4e
45 181 1/ 5 0, 36th 9 ► , 1 1 1 'e
)12829 1141993,88 1 1 2 1 r1 ,5}
46 12/ 1/ 5 0, 44449405524 114189 , 17 1 r 1 ~ .
47 6/ 1/ 6 Q,134 4540 014147,33 17 57
{21 1 I I
48 12/ 1/ d q,1 3)64 119x447, 5 ,88
49 6/ 1/ 7 p, 12377130 {141500,95 14, 1210AIVA 4Y
50 12/ 1/ 7 0,11853616 12911500,95 1641553,4 1210451732,09
YOYAL 141381421,46 1210951732,09
~jol~man
}i~( S
S HEDUIwE 5
PROOF OF YIELD CALCULAILOAN BONDS
CA1CU~lAT10N STARTt7IE7k8,82/M9S AN EFTECT1Vf. INTEREST RATE OF 5,84150 %
PJSC DATE AS FACTORS /83 ATCell8UR12W PRESENT AUE WMULA71YE
1l / ► 1 1314 ► t 3► 4► ► 4r 41 1
f2$ r 2t 1 ► f iy
5 i?/ / , 35 121 s 119 i ~ ~t i ► 1
161 11 0; 2 91 $d , St 916 r9~ , 7
2 1 f2t t 1 tQ`~ 1 14r i
1 t 0 1 19y
8 / ib o' 9 $ rtr 1
4
026
1 8l I 9~ 1~7 , 1tip l 122/ 1/ ~6 1+ 3k $2r~ r) r~ 1, 71 All Iii 71179,29
1 l2/ 1/ X561 ~p4 f?r~l i .003 tt~ i ~ 3 rli 4171:472
f4 / 1/ / ,554435 g37 7p137 Of 9
15 22 1 11 X75 112141 9 322 181 t6 629
1?/ r
1 b/ 4l 143!f750 ~41001363,87
472 611 X787:'o 274, 7,89 X9118 r}4~:77
1 / /9 143 8 ; 7 121 7t 2 , r : 9
1 / / S ~S Il i 2~S0 1773t 7o i4 i471~45
211 126/ SIM 049719 11$;532'rp)bi2g1 ~50 6MN'tp$715104 051233:.22 3~9 2y1 27 1566,7{0~86,33
q146g8~'71
23 121 1/9; 0;~7 r0 y,
s ~~93 $ 1 r 12, ~ 3
25 12/ 1/95 I/ts 01]WOM 68 Ity406r425~0~000 6bi2?10191 80
26 6/ 1/9b ,3199421 91 $27511 t00 t,r 4:08 221 71
2 74196
8 161 1/91 ;29g3`43 0855 $112841 t00 3 r 6:57 3+ 1 ,53
:SO 999,72~~►j~ t ►`1
p~~4p6`53 f 271 05
14
2916; /9
8 ~2b9106,7O $1t 7,7i 1 1 it X11 1 ds01
30 1
3 12/ / ~ 77 88$ 1110271 T t 2 1747:49
SS b 4~2~4 11 i , ~y,p1 t
3 121/99 48b9711577,86 ~4t rd ~ 1
34 6/ 1/ pp 0:276~ 80904 $12y11462,5 71492/80 40 rl ,22
35 12/ 1/ 0 0,2167654228 $3)11462:5 80620023 241 t6 ,44
36 6/ 1/ 1 0:2075884467 $1 1 7:: 50 220 49,10 2413131378,54
37 12/ 1/ 1 p:1981999869 13 651 1:99 241 17019t 53
38 b/ 1/ 22 OF190383591151 31394:1`3)~:~S~Opp 18rbs7s414~: `q11~ 24r~~9671977~p1169
90 16/ 1/ 3 017g975 $181i106~25 1ii269:16 24i476i639i
41 162/ 1/ 3 0:1672126155 $3471106,25 581pp~~0,54 2415341680:37
412 121 1/ 4 0116Q~3560 1741593:7s 151441,96 241516,32
6 ss p 15~ 7QQ19 1`dM,b9p3p~7p3p 591p ~4~61~
8 24o 1 .A7
~5 12/ 1/ S 00140641681 13861600,40 54r373:a 241662,819:90
4b 1! 6 O.1 N r 9131 ► 9Qt21 24166 r :17
4)12// W7"3 d11147 I3~ 217 r
48 6/ 1 81 ,49 12/ 1/ 7 0,11869 $4491 7, 7611 X95 24: 1 :89
raaarnrraaaxaaxr aaxaaraaarpaaaa _ _
TOTAL $4414511093:75 2417981778089
cs
SCkCDUl,_E 16A
ELECTRIC REFUNDING PONDS, SERIES 1978
BCI.DNAN SACKS 1 CO. TIED FU 141 190 17152143
DENTDN
11 IONP DEBT SERVICE SCHEDULE /DATED 12/ 1182 *DELIVERED 12/ 1/82
PD DATE RATE PRINCIPAL INTEREST DEBT SERVICE
1 61 4 1
1 r I 1 4
0p `i8 51~p ~ I 1 1 1 11 ii 44s
1.% 1%87 4~800 511 5000 $94 141 100 i ,108,4)
/ J/p 4t 00 1112 , 1roo 1 7g6rq00 f17r +0p0
1 N 1 1 17 75100 11~961i7 10
0 $1+2~0 1 V
~ 0 Ib0000$7 115 000 11130 ,150100
9 1
10 1 ! 1/92 5 150 14001000.00 16771550100 {1,277,55000
1 1 / 1/93 S1200 16 ipr 100 164616 000 Ill 461l~5Q,00
1r14 15y/ l/94 $22000 {66600,00000 $61514509 $l1`gS5+~~ 100
1~ l2% 1%4b 5,250 15 E11010004. 00 1ol2~50p't00 11,P52'AU0
15 12/ 1/97 5 850 {3000 00 $5~~26+50000 {826+5 100
`b y"/ 1/4Q "1850 1300,0QQ100 /SQ8r01QQ 1~~e~ OQ;00
11 1~/ l/9qq x1850 1250 0 100 14411 1 ~s
18 12/ t/ 0 51Q0 6275,OQ0 00 1474y',171 0 /75117 .100
1
19 12/ l/ 1 1 0 12751P0o°0,00 1460,6?) 150 f1 s°5+68 50
20 12/ 1/ 2 5 850 13001000100 $4441600,00 17441400100
21 12l 1l 3 5 850 63 1000 00 $4y7105op10G {7'71050100
22 12/ 1/ 4 51850 1300,000.00 1404r500~00 1791500.00
23 1^/ 1/ 5 51850 f OrQQQ:00 1~19t,950100 $)~~r4~,00
24/ 1/ 6 5185 f 01 00 6311,475100 17 14 10
25 12/ 1/ 7 S1850 /b►000 0 100 $3511000000 $613511000100
aaaaaa¢s:x:u ¢ae a¢aae:as¢ara¢as rsaaa¢aaaaasersz
TOTAL 11912551000100 116,1781457150 $35,433,457-50
+
olman
ar s
C O LE 6
EL.ECIRic, SERIES 1982
80LPRAN SACHS I CO W FEP 161 1983 17153142
i DENTQN
i
ri PUMP DEPT SERVICE SCHEME 1PATEP 12/ 1/82 1TEtIVEREP 12/ 1182
PP MTE RATE PRINCIPAL INTEREST DUT SERVICE
1 12/ l/tJ 12,pp~ ((0~~ l7 , 0 00 366 2 50 14411 1,50
J 1! l/ .000 y7 ,00 141
4 1 00 133a7i2500 00 141 i ~
1/ I T ~~1000 17
5 1/ 1/87 13 000 $1 100100 11271500 00 14271 00.00
6 10/ 1/88 13,000 12QQ, 8100 $1189,50 X00
7 l22/ 1/89 111000 i 1 $2882900
8 12/ 1/90 0 f 0Q1 00 126'21r00~00 14621500.00
9 12/ t/91 11,150 0 1 0°, '00 12151 00.00 $4151 0
10 121 1/9 1. 0
pi
1 12/ 1193 1``1750 12pp 1~ ~q(t $1921 1"ll 1392100('00
121 1194 17.000 20Q1 ~0 00 1 68150 3 12/ 1/95 1212150 $ 91 1 0 14415 .00 1 44, 0 1 `I
14 12/ 1196 12 500 120p1 ,00 1120,000100 1 20,000 00
15 12/ 1/97 12,750 12001000 00 $95,000 00 1295,000100
16 12/ 1/90 12 750 15 1000100 1691500100 $2691 O O
17 12/ 1/9 111000 $ 1040100 W000,00 $244,000100
18 12/ 1/ 0 11,000 12001000100 $22,000100 $2,21000,0
aanaaeaasanaxaa: taxsasaaxaaaaaaa rnasnaaaaosaa:aaa
TOTAL $3x000,000 00 $319081312150 $619081312150
gogiman
a( 5
$CHEQU 16C
WATER & SEWERS SERIES 1960
BOIOMAN SACHS i COO 9D F0 lb, 1483 17151 30
KNTON
tt OD DEBT SERVICE SCHEDULE 047E0 IM/83 tK"VEREO 1/15/83
F0 DATE RATE PRINCIPAL INTERE6SSQTTQ DENT SERVICE
` 7/ /8 4~ 47~, 1$1i 40~pQpQOo itllj
91l '
2 7/ 5181 1 ,
/ /g5 t 0~ 11 ,6Q0 11!1,000,00
,
51$6 1 0 ,000,00
116
pp
5 7I0/87 4,000 IR5,00000
1 ppp $21200~~g 11!^,''00'0
5 ¢4 ;188; 8;00 1~r200 0 {10o ;ie0.oo
7 7/15/89 4, 00 1105,00000 w200,OG
8 ]/15/90 1.000 as:sssss::ss:sa: r-s" lis%:g4xxid TOTAL 1130,000,00 1121,000 00
acts
SCHEOI6D
WATER & SEWER, SERIES 1962
am" SO$ I CO, YEP FE$ 16P 1983 18100153
DENTON
It IND MIT SERVICE SCHEXXE /DATED 1/15183 1DELIVERED 1115183
PD DATE RATE PRINCIPAL INTEREST MIT SERVICE
1/ /8 1350 r UP6h7,50 11116 7,5
1 %1 ; '45' :Oa ~l~i^87,50 1^Q7,00
7rl 1S 86 S~ X000 5g0,00 1 169G0.
5 )%15%81 3+;00 stl90;00 $7~220:00 15 ^00,00
6 7/15l 1:450 1$ 00 I$ 11$^g100
1 7/Is/ 44 ISO 5 p'p0 ~133i8rr'No 1 8i84~:g0
8 3/15/40,450 15~ 00
uaa¢aaaasasaaaa aesaaat:aaaraaaa asasaaatanaaaseaa
TOTAL 13901000.00 15$07.9 1115)897,50
6 011
SCNED l ~
WATER & SEWER. SERIL 1964
6OLDNAN SACKS i CO. WED FU 161 1483 1807151
DENTON
tt MINP DEDT SERVICE SCHEDULE JDATED 1/15/83 0EU VERED 1/15/83
PD DATE RATE PRINCIPAL INTEREST DEBT SERVICE
1 7/15/83 3400 1101¢00,00 $340Q0 11Qf 1Q0Q
2 7115/84 3400 1101 100 1310 V0 1 f 4 .0
rtsaara12~f680~~
TOTAL szaaas120fOD0ioQ asssaaassl600i00
olman
ac~ s
SCHEP~F
WATER & jEW£RRa SERIES 1966
801IV1AN SACKS 1 Col WED FE? 161 1983 MOM
MNTON
ff IMP PEI1 SERVICE SCHEME 9MTEP 1/15/03 IPELIVEREP 1/15/0
PP PATE RATE PRINCIPAL INTEREST PERT SERVICE
71} IQ~ f~yr= lMQ(~T/T. 0 f ~ 5
4 7 1 ;~Sp; f511
/15186 3500 fJV1 ;pp 50,00
WY
araaaatsrsraszaa arssttaozaanzara aaeaeaaaataaaerac
IOIAL 42001000,00 110 000.00 $2141000,00
~o~
l
ac s
S HED Ll 16~
WATER & SEWERL SERIES 1969
iMMM SACKS 1 CO, 11ED PEP 16119$3 18116 12
KNTON
0 liW DEIT SERVICE SCFiKkE 1DATED 1/15/83 1DELIVERED Ills/83
PO DATE RATE PRINCIPAL INTEREST DEFT SERVICE
0 1 ! r. 913~"1 1r'
x Q ~ ! 1 I i I i
ptt77 p
77/ /00 i~ 1 f ~ 1 ,1 ~5 9/ /87 .30t 15 10 X00 1113 5.00 1rIJw 00
b 7/15/88 5:s5 1s~f g0~0 p. p0 N Ibb 7~~' +s b 00
7 1/!5/84 1.600 15010 121000~~pp 0 15,00 ,00
eaaxeaesetaxaeaa enseexaeeeetaar teteeeetaatee:ass
TOTAL 13701000.00 1611415.00 1131141S,00
~tilt~rit~n
ac s
SCHt:Q LE 16H
WATER a SEWER, SERIES 1972
.DOL M40 S4CHS 1 CO, WED FEb 16r 1963 16120134
DEN10N
11 IONP DEAT SERVICE SCHEDULE iMMT 1/15/63 /DELIVERED 1115/63
PD WEgg RAbbTEpp PRINCIPAL I{NTEREST Q DEBT SERVICE
~~~3~gg85 4~g7 ~00 ;4 i X00 } ~ ; r11 00
4 1/~ I8 X400 19 r . 0 1 4, , 10,
5 1/1 /P 5,00 0 i9 r .00 1 0%33 .00 1 01330100
b 11 5Ig$ y,1p0 {9 r pp
9 .p0 F503pp,p`0$ $1151130-00
7 1/5/89 5150 14$ 0 00 10'1%210 Il 1r 40 0(~
7/ x190 5~R40 $9Qr pp0 00 1113's. c 1 bi9~ 00
9 1/15/91 3~w0 14 ,~00~00 `
10 7/1502 1000 1901000,00 11,20000 17%200100
11 1/15/43 4,000 190,000 00 13160000 193160000
syaaaaaexaaaaaaa csa tapataatesa s~ agrttiIIasa0i7sAA7
TOTAL $770000.0 1256,600 00 11r226r600 00
;><oic~mn
ar
SCHEDUI,E_. 161
WATER & SEWER# SERIES 1974
WDIMN SACHS 1 CO, YEP FEO 16, 1983 !8124!!9
101 ON
t1 00 DEBT SERVICE SCHEDULE IMTED 111513 1DELIVERED 1/15183
PD DATE RATE PRINCIPAL INTEREST DEPT SERVICE
5 17ts OOgO 14 i p ,112 i2 , 9
4 7%1 / b 17314 17314 , # 0
5 7/ 14/ 7 1100 1 F
b 7/1;/p 5#800 j1:00 I67> 0 1
7/3 01~s#0
pppp ~
7 )/11b# 00 1$1. ,0,
#S
# 00 1
1 .0 1# cr
~rr4o aa #Va pp
7/1'.#4;BE #
10 7/15/9.1 ,00 11431 0#00
1;#06 1431b 0
11 )/4 /93 b#200 {1 '714 0#00 1 117 141, 00
1 $~~pp ~;b0
13 7%15/95 6;950 ;00 014 7/!5148 b
250 (It 0 :00 1181 ?50 # 00 1118050400
15 7/15/97 6#450 110010 0#00 1121500.00 1112500#00
Sd 7/15/99 6#250 atsaastasaeat0aa0at aetsaaaa6xy50100 tsstasaisaaaemeaa
TOTAL /1152500040 1778500#00 1213031500#00
~ ti
SCH RULE 16J
WATER 81 SEWER, SERIES 1977
W MAN SACHS I CO, YEP FO 161 1983 18129 11
DENTON
WNP DEFT SERVICE SCNEPULE 1AATED 1/15!63 !DELIVERED 1/15183
PP DATE RATE PRIKIPAL INTEREST PERT SERVICE
p~
l /83,1 g 0 ! i ,QQ 1071 14 ►~05t
0
7/S / , ~ ; $1 ►777 ~ 1 55 ~;7 0 0 ►4;0 lb5,fJ5 loo
5 7/1 /87 CHO ! 00 5 1251
b 7/15/08 0~8q 115; 1019p0p0 ! ►000100 "2 yy► 74r~1~p 00
8 1%50 f X;00 !l~r771;40 ii cCv
4 1/1 55%90 55i4 5515,li,50 0 l OI OOQ100 1 12 100 ~J 16 J1oo
1G FafiiSilFFC[iij0 a[[T7iaii[sa[[aa aas Ft[R[ii7[~ii[[
TOTAL 11501000,00 1122,975,00 1572►475100
gtir11i51a11
SCHEWLE 16
WATER & SEWER, SERIES 1919
OOLDMAM SACHS 1 CO. WED FE? 161 1983 16134144
DENTON
11 IMP DEPT SERVICE SCHEDULE $DATED 1/15/83 (DELIVERED 1115/83
PD DJA5TEg3 RATE FRIKIFAL INTEREST DEBT SEAYIICE
)/15/81 d 2g
3 l 7/1 61500 Il { ~ { 0 1611: 0 E31t~
9r~1
2 0//- ~ Ik~bl05 5 6750 {2 1 .04 11104,86MO 142918612 50
4 7/1 / 6 6 750 12251 100 {189167500 N 4,475 00
5 7/15/87 6 750 12251 1100 11741487,50 $391487.50
6 5/88 416 12251 .0 {15913 0. ~00 1 14, 100
7/ 1 $14 0
10 71 /91 5 400 151000 00 {Jr?81675 00 {33 3,6700
it 7/15/93 5,400 12251000.00
12 )/15/94 $400 1225101,00 0
13 5/4, 500 { 4 {711 2 { 971"2 100
15 7,~ 10 .$0 :~~;~~~,~g W"'s4 ,00
16 MJY91 5:750 1
18 7//15/ 0 4 50 112,5;00.00 !10;68 50 gii1 ;87~ 0
xYRxasatiaaia9aa axxixaxxiixiaaaR aYAYRRdiRY1iRARSx
TOTAL 1318001000.00 1119811968.75 1517811968.75
~ol~mari
ac S
scHEO ~ s
WATER & SEWER, SERIES 1982
BOLmm SACKS i CO, WED FEP 161 1983 18139101
DEN10N
*0 "NO DEPT SERVICE SCHEME tDATED 1/1513 MLIVERED 1/15/83
PD DATE RATE MINCIPAL INTEREST DEPT SERVICE
2 7)15/13 1,¢00 (dQrOQQ,00 094, 87
3 7/1 / , l ,000 11001000 JO 1 4 4~ ~n
4 7!I / 6 7,
5 7/15/ 7 13,000 175000,40tr 1, 0 1 7,S
6 7/1 1 11: 8 7/1`%01; roo 1905 0)387~711 pppp 33 55J 7 50
pp,CO 1!171637,50 12!71637,50
!0 7/155%9k iJ, 11001
1 7/115/94 12,400 Woo 008:000 0 1/0213750 ail 7
1 51 7/1S/95 11:500 1 1000,00 1730037,50 1 1 ,50
14 7/15/4 1 , 700 1 01 QOQ , 0( 1 ►171.,O 1 1 7, 50
15 7/15/97 12,900 115 1 ,00 Moo 7,550 11 61 37,50
16 7/15/98 11,125 11501000,00 1161687,50 1166+687,50
saasasaasaaaaaaa aaaaoasaaaaexaas aasuaaotaaaae~:a>I
TOTAL 1115001000,00 1118531131025 1313539131,25
U_ 91mall
Ls s
5CNE_ C E 18
RETIREMENT OF 1978E ECTRIC PR1NCiPAI, AMOUNTS
Adjustments Adjusted
Principal Adjustments for Principal
Amounts as for Amounts Amounts
Currently' Amounts Called
Pd. Ending Schedu1e~ Purchased in Escrow
/13 00 too 100 0 1 00
2 1 1/
8I 8 51 i ~0p0 0100 il I 00 11~ 5i00 U
A1lU6 1115100100 ,o° 0'~
1 loo
e ~l 11 0 1 X04
;00 116001 too
q!/ 1/9l 6 1 .00 0
Ito 100 0 I
I/ i M m I I 19Y , 0 i O
4 0 00 6 0
s$ 1s~~,$$ 0100 300;0 g
33J I ~
10 12/ /47
16 12/ 1 10
17 12/ 11+11/99 2° 1~ 100 bo 1 25 10 X00
l~.f / 1/ 0 ` ! 1110 00 1 I 211° 40i i0 10
21 t J100 2114010001 0
7i 12i ii 3 ~ oI g~;oo o.°o -zs51ooo100 4s1oo 100
22 12/ 4 30 1 .00 000 -20 40000104
23 12/ 5 J51000 00 0.00 :3010" 0100 Sa1000100
24 121 1/ 6 35 1 001 0 0.00 3 1000100 501 0 100
25 12/ 1/ 7 610001000 00 -214001000 00 -110251000.00 W75000.00
101AL 1912551000100 -210001000.00 0.00 1712551000.00
ol~Man
tll
SCHEDULE 9
1978 ELECTRIC DEBT SERVICE ADJUSTED FOR PURCHASES AND CALLS
BOLDW SACHS I CO, TUE MAR 081 1983 18138103
DENTON - ELECTRIC REFUNDING BONDS, SERIES 1978 (ADJUSTED DEBT SERVICE
tt BOND DEBT SERVICE SCHEDULE COATED IV 1/82 CDELIVERED 12/ 1/82
PD DATE RATE PRINCIPAL INTEREST DEBT SERVICE
,
12/ 1/83 $94y 0451 O 19 9145 00
2 12/ 1/84 $919x145100 49191145 00
4 12/ 1/86 4700 148135100000 1879 615100 0 007 140M,oo
5 12/ 1/87 4 800 $111165,000100 $8261470100 $119911 7 100
6 12/ 1/88 4,900 $112 1000100 $7701550100 11,970,55 100
7 12/ 1/09 5 000 $112 1 00100 $711175 100 11:911,75 100
1 1251174 ;1 8 "~1 888; 88 x 1 ~ M tl:51; ~ .8$
10 12/ 1/92 51150 4 01000,00 15601550100 $11160,55 0 00
11 12/ 1/93 51200 $6801000100 15291650100 11329 10 0
1 12/ 1/94 51200 $6 10 100 $4 855,4s501O $ 1p901 50: O
113 12/ 5 12% 1/96 $ 850 NO 46 WMW $000+00 1404i500:00 5114 9150000
16 12/ 1/98 $1850 $3001000100 $391x950100 $69119510100
17 12/ 1/99 51850 $2501009/00 $3141400 00 $62414 0,00
IS 12/ 1/ 0 51850 1215rO1~100 1359,775100 $6341775100
19 12/ 1/ 1 51850 $27100 100 $343,68750 $618x687150
20 121 1/ 2 51850 $2144 1000 00 $3271600:00 $2,767,600100
21 12/ 1/ 3 5,850 $45r000100 $184186000 $2290860,00
22 12/ 1/ 4 51850 1401000 00 $182,227150 $2221221150
23 12/ 1/ 5 51850 $500100 $179187150 $2291887150
24 IV I/ 6 51850 0020 100 $1761 62150 $2261962150
25 12/ 1/ 7 51850 $21975,000 00 $1141037150 $31149,037150
::::ns:sss:n:nz sxna:saaasyassn: assnaassnasaassaa
TOTAL 117,255,000100 112,7851457150 13 0 040107150
Van
lc
scHEOUt 2 A
R T1REMENT OF PRINCIPAL NQ RgF'UNDEo WATER ISSQ
Period 1960 1962. 1964 1966 1969 fndin Water water Water water
+ Wd er
! ' 4~~ r
l"1 / ~ ~ 18;00`0n;0 ;88
'lilt 04 0 0
A 1 ; ; ; 8;80 8;8888
/ / 1 1 ~lgggggg, 8; AA.
g 068,88 b08. 888
% % ~~0 01 0 ~ 0
.00
800 8,88 8.88 $;n 4,08
1612/1/98 8.00 000 000
t8 ~9p o0 0.00 0.00 o0.0~~0 ~
2140 1 1 1 2 1 1 qO 1q$ G,00 0.00 OQ .00
2 2/ / J 000 000 000 pppp0 :0000 0 00
24 iii 1/ 5 o;oo 0,00 000 0100 0100 W 1/
5 121 1/ $ 00:9 10: 0.88 0,00 0,08
TOTAL 730100000 3901000,00 201000.00 2001000600 37000000
Total
Period 1972 1974 1977 1979 1982 Retirements
lndin Water Mater Water Water Water of Principal
1 12/ 1/83 801800.0 75► 0 25►000.00 1000000100 601000.00 5801000.00
2 121 I/B4 80► . 751 11i 00 000~00 ~~r000.0 100►00.000 b701°Oo 00
3 12/ U/ 1 1/86 /85 900 1 00 700►L0.0
4
4 12/ 901 :00 .00 ~ SOi004100 22510~d;oo 75100000 735► 0.
5 121 1/87 401 0Q50► .00 2251 .00 750 too 740 000.00
0 I 1 501 ,8 2251.00 7s►Q¢4745108000
~0p0 ~j{ 1 .00 v vv0 1000 000
8 U/ 1 90 90,0 0 00 1i040~00 5010001G0 225 000;00 40 000100 555x000 00
9 12/ 1/4l 9►0 1000 50!000.0 225x08.00 10 1
10 li/ 1/92 otr 'r'^' pp0 10 n .00 ,fls; 00
11 111 1/93 401004.0 1p~ i 0 t p0 0100 000 00 150i000~oo ±75► 0 ±00
13 12 12/ 12/ 1/94 1195 14p0q1p0p ,00 000 2'25': 000.00
0.0 225!880100 '1 1 00 00.0
0,00 1041000.000 475
15 12% 1/96 W O~W 2 5! 0 00 50100 4751
16 12/ 1/98 olo0 tooi004~00 0 00 2251000 00 1501000.00 225x000.0
17 12/ 1/99 000 000 0.00 225!00000 '
18 12/ 1/ 0 0100 000 225100000 oloo 225!00,0
19 12/ 1/ 1 000 0 0 000 000 p000 000
20 12/ 1/ 2 0.00 0.00 0:00 0.00 OUR 0.0
2
22 12/ 1/ 4 1 12/ 1/ 3 0,00 00 O10 0100 000 0.00 000 0.00
0100
2 0100 000
t2/ 1/ 6 0:0 Q .00
25 12/ 1/ 7 000 000 0;00 4.00 0;88 0
TOTAL 970100000 1109000,00 450!000.00 31800000010 115001000.00 91955►o00.00 m~
lll
Ql~
C1S
i
SCNED 1.E '0
RETIREMENT OF PRSNCSPAI. ONREFUNDEA ELECTRIC ISSUE,
1978 Total
Electric 1982 Retirement
Pd, Ending (Ad dusted) Electric of princi)al
12/ 1/83 0100 751 0 75rl2/ 1/54 NO 751 104
0 , . 0
e
5 1 1/17 11
7 Iii I/M 11,P g1 114 1 )1'644
81ii 1S1° '+$88,0 82 ~1 10 1^/ V;I Mi .00 9 II H p~p
!3 l~11 1/45 600 1 +1
s ;500000;04
04
f~ 1;~7 X88,0888:888,0888:88 70
16 12/ 1/98 30010 .00 O+~p 1 0 50Q,T~: $8
17 12/ 1/99 250100 140 2'0 01Q0004 45 +
18 12/ it 0 275+4p .44 2001u0a.00 i151.40
19 12/ 1/ 1 278,00 100 0100 27 +.00
20 12/ 1/ 2 21440,ppp~ 0 . 2144 M MID
12/ 1/ 3 45,00000 0 40 4 1 MID
22 12/ 1/ 4 401050 00 0400 40+00¢.00
44
23 1z2y/ 1/ 5 g$001Q0 b0 00 0.00 5 + R80
^5 121 1/ 7 21975,0 000:00 018 2,975,1TOTAL 17+2551040.00 3000#000,00 2412551000.00
llilll
~jOlbl s
M
SCHEDULE-218
PRINCIPAI._A NTS OF RESTRICTED RESERVE BECOM~NC~NRESTRICTED WATER
Equals:
Principal
Retirement Multiplied by; Amounts of
of Principal Divided by1 Total Restricted
on All Total of Restricted Reserve
Refunded Outstanding Reserve Becoming
Pd. Ending Issues Princi al Principal Unrestricted
12! 1 84 620• 0 88 9 91955 1 ,00 27 27 2 .00 1i7 7 68
y 1 66 pp fg Bbl
712
4 12% 3%8685 10 r 00~Q0 4i9'S3 1 2712 ~;~8 f9 ,6l
1JI l87 7 ! J,00 91911,110 , G 7,2 ,00 2,00 ,24
j~ 991 0 7! , 0 21 2~~56
12% l90 7j00 X00 909S1i, i 8~0p~ 8 80 1i~12,61
g 2 gl9g,00 1;:12 DSO 1,516
4 12/ ~/91gq 555, ~ f 71 , 0 14 (278
! 1~ ~/7 i p(~,f Rgf , QQQfIV1ifTi4
~/J! , T171 i~
pp 12/ /45 9)4 1 , 2j712 jo J;P7:14
15 2/ /~9 1751 5g
i7 B4
16 12//98 g1 9f9S5, O 27i 0 29
419s51
17 121 1/99 27510 ,00 9145514 ,00 27,16 0,00 414 77
18 l2/ 1/ O 2251000,00 9!9551 00,00 2712 pl00 614,77
0,00
14 12! 1/ 1 0,00 914351 271 , 0100
20 12/ 1/ 2 0,00 91455!0 0:0001 2712 0,04
21 12/ 1/ 3 0,00 9195510 0100 27)2 8,00
22 12/ 1/ 4 0,00 91955)¢0000 27)284,00 8 00
23 12/ 1/ 5 0, o 91458g1400,00 27,2 0,80
24 121 1/ 6 0,80 919551000 1000,00 271200, 0 0100
25 12/ 1/ 1 0100 9f9S5000,00 27)200,00 0,00
TOTAL 914551000100 248OB751000,00 680400100 771200,00 f
,olinan
ar s
J
SCH£DU
PRINCIPAL AMOUNTS OF RESTRICTED RESERVE BECOMING UNRESTRICTED (ELECTRI-
Equals:
Principal
Retirement Multiplied by: Amounts of
of Principal Divided bys Total Restricted
on All Total of Restricted Reserve
Refunded Outstanding Reserve Becoming
a
Pd, Ending Issues Principal Princi al_ Unrestricted
1600 40 6+985,68
t l2/ 1/83 751000,00 2012551 00100 lit6
2 1^/ 1`/801 731 00001p000 2y + 551 001 p0 11+ +6 0.00 6169805168
4l1/16 112 i1OQ 21 5i 0~~0 li ib~0t 112,7Q~1~35
1i
12/ 1/87 12 1 5+0 100 2 i 5+ 100 Si VIM 11)+825118
S ~ Q+39911
° ;Og .OS ~ s 16V1 99141
p ,
g 1 / 1/40 1+4 o+0 pp,00 2012551 OO 1~ 6i 1p
9 l2/ 1/91 8101000.00 20+253+ / 0 118 61 101y0 176/13145
10 12/ 1/92 880001 100 2012555+ 0100 11 16 1,/Y 7 7111i5513,45
12 w 1/96 IMUM iG X00 2 12 S1 1 ro 11 ' 1 1 H A
t 13 l2/ 1/45 r0000 251 (1~ 6166 7;15991645
,70
SS 12/ 119i 201r 00 1+ b:b 1 11371,21
p QQ Z ~g° Op l1 ¢ib 1 1
16 121 1/98 50 10 1 0+~ d1 1 411914 10
17 12/ 09 4 0:ho-,o 21266
00 11116 1117
18 12/ 1/ 0 10 000 11 1t6
19 1 / 1/ 7500 23 10 i1 1 1 g
0 22411 1 41
20 1./ 1/ 2 21140~p . 0 0123 + 18Q j$ 10
21 12/ 1/ 3 4510Q ,00 20125 r 100 1183 4160 ,00 31725170
22 12/ 1/ 4 401000100 2012551 0 0,04 f1886160 X00 1+657,12
23 12/ 1/ 5 501000100 201 55+ 0100 118861660
25 IV 1/ 7 219751000,00 201M51000~00 118~Bb1b00,4o 277,098,7'4
TOTAL. 2012551000,00 50613751000.00 171165+000+00 118861600 1600,00
'nl~nr~rn l
irl 1S
S xC4,LL 22
REV RICTED RESERVE REVENUES FOR ARBI'PM E P RPOSE
y P OD 40 PRIIICIPW.ppp RAATE zp IWTEKST TOTAL
1
4 12/ 1%148 s COQ 930 ~12i494,31 /203i144~107
3 22/ 55 t! ► q+~y~40 4}9 i;47~5p0 {i~gg0~p2~7~5p0
s ~2l ~%~487 11 9~~ 4b60 ~17~i52b72 1242,126 22
8 12/ 1/1988 $1321 00 91780 It4p053154 1~93,353 54
7 12/ 1/1489 !1`` ?i,353p0pp0p0 918b60 1148,$938g-30 12726bb0,y5y636164300p
9 12% 1/1441 iS br000~ 10 060 i1 11179172 4192i7B7~72
10 12/ 1/1492 17b,100,00 10 140 1114,151172 1190,251,72
11 121 1/1943 1751 9 100 100190 it 03518 1~02,335118
12 IN 1/1945 `250 220 8704 25 i 7460,121
is 12milmO 11110 241N4,28
16 121 1/1998 14719001 101360 4)1,39100 $119171 ~00
17 12/ 1/ 999 i4 1 1 139 w 1d28,91 012 56t 81 b
1$ 12/ p4gi900i$p1430 1106181281
1/2000 14
l 12% 1/200? 12271200 00 f0.00 154 651445 1281,851 95
20 1~ 1
21 12/ 1/2003 N,2W N 10 520 00818,67 135018,67
22 12/ 1/20 4 1317X00 :510 13 ,37b~83 134107).~~13
168;,4b
23 12/ 1/21056 ll;;~ 00 gIln 1 10500 gg1981966g 1116tool.90
21 470
12lj2 $27100 129i001~40 1 25 121 l
nsaa=r=ar=s==== nsrs7>traa~nn=~= ===x==s=a:=c=aa
TOTAL 1114131800100 $21467005-66 1413811205,66
~O1(~illitll
tic IS
UL
~KDULE 23
EARNINGS FROM REINVESTMENT OF MATURING RESERVE MS
P0` ENDINO RPINVESYEO FARNSN86
2 12/ ' d ~ 4g360t 0
b 12/ %8S 1 i~00~00 8b ;00
7//Sb 1 5'40000 312N9 0~p0~
30 !?1/] 402 ;0 y1~03 00
A,/ 22 3,8188
1~ l/88 47204
13 14 12% 1/ 4 672id00f 0 23;3 0 00
7~;4$
17 16% 1/991 737itoo 361 0,00
g b~ 0 Li: 20 1% 1 92 8iO
1 6/ 1/93 ggyl 4 4 0
2 A/ 1/43 ml 41: 1447 'Ot
2412% 114 , 4M7 .00
25 b/ 1/45 110411200100 531060,p0
26 12/ 1/95 101171000 00 5 196 Q0
27 2/ 1/96 1111710 0 00 SS1 I
28 i / 1/96 11183150000 y~085 X00
29 6/ 1197 111830500,00 590!75. 0
30 12/ 1/97 1023114 0100 $915 0
~j
3l b/ 1/9P !1q` 10,100
32 12/ !/4' 1r2~4r3 6!1 7
33 6/ 1199 1127403 000 63196500
34 121 1194 13p 1 QQ 10Q 8630046
36 12% 0ibbiVV,09 bdiQ9~00
37 b/ t/ 1 1031; 600 00 68133000
38 12/ 1/ 1 1039 ,3Q4Q0 68, 3
39 b/ 1/ 2 1,39213 01 6906b15100
40 12/ 1/ 2 106191 too 691615000
41 6/ 1/ 3 1161915n,00 800975 00
42 12/ 1/ 3 116230700+00 800975 00
10 51
43 6/ 1/ 4 116230 8 18
44 12/ 1/ 4 10627,4 100 !1 S OO
45 b/ 1/ 5 116270400100 8113MO
46 12/ 1/ 5 11632110000 010370 00
47 6/ 1/ b 106U too 1165/00
48 12/ 1/ 6 1163618 000 811685 1
49 b/ 1/ 7 116360800 00 81184000
50 12/ 1/ 7 11413080000 81084000
1
1~C 11111
;CHEDUL 24
lp TOTAL REVENUES FROM RESTRICTED RESERVE
Total
Earnings From Revenues
Earnings From Reinvestment Principal from
Reserve of maturing Amount Restricted
Pd. Ending _ SLGs Reserve SLGs of R__ _eserve Reserve,
1 12/ 1/83 036A .00 0100 130191,445
2 122I 11 4 1499+```` 6 p' 1y i X58
3 12/ 1/85 111171350 113.00 5 0231
g4 1`2/ 1186 y1 144760 101p58 +00 0. 94105271 0
b 1 % aQ8 17 ~9Z3~54 2410242 .$0 00000 9414 1.'10
B .30 4726 100
7 !2/ 1%90 X92 1g pp o 00 "1
g 12 01 j5 731740, 00 Not I4~ii527,60
4 12/ /91 111r70100 931 9 +72
l~~34 ,918
10 15% %9~1 10~i138~SL 68i950~Q0 on
6
2 12/ 1/94 4g>74pp196 96154 .00 l 1 7 120
14 / 1/95 90195420 04112Q 00 0+ 0 y 7
/96 4g31177 1813500 000
1/97 0 1141 84 i 22d
7613341 1
16 12/ 1/98 )1x39`` 0550 1 31 4 4 0 00 119941 8+56
j! 2% %99 6104~9~80 2i60i00 000 1941 H~lb
1 1211 116g~814i 341230+00 000
20 12/ 1/ 2 18 14 1861+94
t
!
36 1b S 11917p1 0 +b
2 12% 1% 4 30,37 82 t6213)0~00 0' 00 11
192'~27,9b
1 23 12/ I/ 5 29198796 1621)40 00 n p
24 lp1 / b 291444:46 1431280 04 1
25 121 1/ 7 24100190 1 316 X00 1413160 004 2r 0614 1.9,0
TOTAL 214d81121,96 213241830+00 Q 11913180000 d1)461751+9d
m~il
$25,280,000
CITY OF DENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDING
BONDS, SERIES 1,83
ADVANCE REFUNDING FEASIBILITY STUDY
MARCH 10, 1983
FIRST SOUTHWEST COMPANY
FIRST COMPANY
Yrvi'r:srrntt~:N'V UANKIA S
MERCANTILE DALLAS SUILDiNC
DALI AS, TEXAS 75201
12141 742.6461
MUNICIPA6 DEPARTMENT March 10, 1953 1
Honorable Mayor and City Council
City of Denton
Denton, Texas
Gentlemem
REi
X25,280,000
CITY OF DENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDING BONDS, SERIES 1983
In accord with our agreement with you we have developed In concert with
Co,
herewith fort yoCo, ur Inc, and a Peaboofdy f nance
Goldman, Sachs Co,,
Incorporated, and present designed to refund all of the City's presently outstanding Electric System an
Water and Sewer System Revenue Bonds, to combine the Systems Into a single
operating entity, and allow the Issuance of a new series of Utility System Revenue
Bonds b I secured and payable
would revenues provideathe following battilc
oposedhe pledged
systems, , if adopted, ted, asprp . t plan
benefits to the Cityi
a, Allow the adoption of a new Bond ordinance which would remove onerous
Issue n bonds llfornnethe ed d capital
the n City's coverage ability to requirements
and
aced severaelimits restrictive
Improvements,
b, Create a security which should command wider acceptance In the
marketplace which, ir, turn, should result In lower borrowing costs on future
bond sales for the Utility System,
the g market y value, bonds to be issued in
,dwhch better would b also service enhance coverage
the future
d, provide Immediate cash in the amount of $1,500,000 for needed capital
Improvements, and $250,000 to create an Emergency Fund to be used to pay r ex
syste n nar forewhich funds m ght,notpbe otherent,
lacem maintenanceoof thtraor
FIRST 3011444-! COMPANY
Honorable Mayor and City Council
March 10, 1983
Page 2
Under the proposed plan all outstanding Electric, Water and Sewer System Revenue
Bonds (a total amount of $32,210,000) would be defeased, and ordinances autho-
rizing and securing.the Outstanding Bonds would be released and discharged, Funds
necessary to accomplish the refunding and "dofeasance" of the outstanding bonds
are to be provided from the sale of $25,280,000 Utility System Revenue Refunding
Bonds, Series 1983 and uncommitted funds In the Utility System. Plate A,
attached, "Sources and Applications of Funds", shoves sources and uses of .funds,
Pursuant to the "Series 1978 Trust Agreement", with the Fort Worth National Bank,
Fort Worth, Texas (now Texas American Bank), created for the benefit and security
of the $19,255,000 Electric System Revenue Bonds, Series 1978, the City has
purchased and owns in Trust $5,243,000 U,S, Treasury 7 7/8% Bonds, due 11-15-
2007. Further, pursuant to said Trust the City is obligated to purchase an
additional $2,669,000 par value of the same styled bonds In semi-annual Install-
ments from June 1, 1983 through June 1, 1985, However, In order to dis-charge the
9,255,000 Series 1978 Bonds the City will be required to purchase the remaining
R1669,000 of bonds simultaneously with the Issuance of the now $25,280,000 Series
1983 Bonds, In order to provide the above mentioned $1,500,000 for capital
Improvements, to discharge the remaining obligation to the Trustee Bank and to
provide funds to purchase U.S, Securities to be deposited to the new Escrow Fund,
the total par amount said securities ($7,912,000) will be liquidated,
Additional data relative to this refinancing plan are as follows
a. PLATE B - Existing Net Debt Service,
b. PLATE C - Federal Securities Required to Defease Outstanding Water
and Sewer Revenue Bonds.
co PLATE D - Federal Securities Required to Defease Outstanding
Electric System Revenue Bonds.
d. PLATE E - Restructured Escrow Receipts (Water)
e. PLATE F - Restructured Escrow Receipts (Electric).
f. PLATT: G - Schedule of New Refunding Bonds.
g. PLATE H - Net Debt Services Existing vs. Proposed.
h. State and Local Government Bond Yields.
i. Schedules of Outstanding Utility Debt.
FI J1ST ,6;Pf4 fiWeat' COMPANY
Honorable Mayor and City Council
March 10, 1983
Page 3
The adoption of the program contemplated herein is, In our Judgment, In the best
interests of the City of Denton, and we recommend It fqr your approval,
Yours very truly,
FIRST SOUTHWEST COMPANY
sy C
t4nl
, A18:a~
a an ch
By ccx ok,
Harold A, Mcinroe
PLATE A,-
CITY OF DENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDING BONDS, SERIES 1983
SOURCES AND APPLICATIONS OF FUNDS
SOURCES OF FUNDSt
Principal Amount of Bonds $25,280,000
Funds on Hand 1 665 000
26,
Lessi Discount and Costs of Issuance(1) 629,660
Total Available Funds ,6,315,Q
USES OF FUNDSt
Deposit to Electric System Escrow Fund 14, 556, 340
Deposit to Water and Sewer System Escrow Find 8,5091000
Deposit to Reserve Fund 31000,000
Deposit to Emergency Fund 2,501000
Total Uses of Funds $26,315,340
(1) Includes underwriters discount, fees for legal, accounting and financial
advisory services, ratings, bond printing, paying agents fees, escrow and verlflca-
tion costs and all travel and miscellaner.us expenses associated with the refunding.
CITY OF DENTON, TEXAS
CALCULATION OF COMPOSITE ACTUARIAL YIELDS
REFUNDING BONDSi
Principal Amount of Bonds $250280000000
Plust Accrued Interest (3-1-83 to 3-29-83) 148,438,89
Lesst Discount and Costs of Issuance 6299660,00
Target Amount $24,7985778.89
Actuarial Yield is 8,8415%
ESCROW YIELDS
Cost of Escrow Securities 20,953,000.00
Cost of Restricted Securities for
Reserve Fund 119130800.00
Benefits of Transferred Proceedst
1978 Electric System Escrow Fund 277,637.13
1978 Electric System Reserve Fund 1693886.69
Target Amount 23 314,323.82
Actuarial Yield Is 8.8329%
PLATE B
AUCT...DT.~, RVS F,
Less Equals;
;
Existing Sinking Fund less; ,leSS; Existing
Net Debt
Debt Revenues Electric Water
pd, End{n Serv1 a (Instal,, ~,►e~ Rss r e Res,: Ser.-
i gg ~ p 11 ~~b ~p 11 Br 1 g 1;
2/ 164'ib9biSS iS0 •b85ib46~00 1' p' 4; 21 q r 7'. 0
3 1"/ 1/ 5 r~17r7 y1'~ '~p 2851 140 01 0, 0 21 1 1~,~4
4 121 1/86 F373'1 «io0pp ~6g~3t07770~ ~ 1 d,DO ~ ' ' '
7 kl '.J +
;o
/ % i4d t 7; ~
t r514+b39;10
M,1 y 15311 l 107 ;00 1 X40 901000;
1 121 1/f 134,'1 }«,.4 b«3 p
1~' 121 1/gr ~ 61 b3~~03 ;00 1~~i 00 Ot000;00 1130?ib7{;54
1 12/ 11,E + 1r 1 ~~0 107 ,pp 13b1 43144DrOPP,4P 11132112
1112/1/46 ,y+13~,5? 623
12/ 1147 198 l+b421281,~r b23~02010P 100521AO 01D0000~00 74 i10l;b0
1! 1.1 116101700,
17 121 1/€€ 112311775,04 6231010, 4~+161~ 0 990~0~OD0'40 "505178 MO
1E< 121 1/ 0 11209r4S ,54 623+4 001 812,50
rQ 121 1/ 1 735rbB7,5G 62Jr070,00 911805/00
$
^p 1~,1l 2 7y1~60s 5000~00c 4731p0p 0ppi0~0 9 i 21~OQ On
i 4z~0
a ;0?~1, pp4Ot' b3100 000 b0,00 NO 7411950,00 W 070100 721147,00 623107 ,00 93+0200 .31OB154;a4
241 25 12/ 1/ 7 b+3511000,00 BIrJ3J107 O B 49 140
101kL $715451917,50. 2P1531+321,40 416621994100 215051000100 291$43rb52,54
PLATE C
CITY OF DENTON TEXAS
FEDERAL SECURITIES REQUAED TO DEFEASE THE
OUTSTANDING WATER & SEWER SYSTEM REVENUE BONDS
PERIOD ANNUAL
ENIIING PRINCIPAL. RATE 9 INTEREST TOTAL
1 7/15/1983 $652100040 8#000 $247125643 $8991256#23
2 1/1$/1984 $3880330120 $3881330020
3 7/15+/1984 $452000#00 8#710 $3881330020 $840x330#20
4 1/15/1985 $3680645#60 $368x645#60
5 7/15/1985 $497x000100 91250 4368#645060 $8651645460
6 1/15/1986 $3451659135 $3451659#35
7 7/15/1986 $5381000000 90460 $3450659#35 $883065+9035
8 1,/15/.1987 $3200211#95 $3201211#95
9 7/35/1987 $587000#00 90620 $3200211195 $9071211095
10 111511988 $291#977.25 4291x977#25
11 7/15/1988 $6021000#00 9#720 $291x977#2!5 $0930977025
12 1/15/1989 $2621720#05 $262x720005
13 7/15/1989 $6200000000 90810 $2621720#45 $88207200'05
14 1/15/1990 $232x309#05 $232x309#05
15 7/15/1990 $593#000#00 91920 $232x309005 $8250309405
16 1/15/1991 $2021896#25 $202t896o25
17 7/15/1991 $4660000000 10,010 $202089645 $6689896'425
18 1/15/1992 $1790572#95 $179x572#95
19 7/15/1992 $4860000400 10#110 $179#572195 $66$0572#95
20 1/15/1993 $1550005065 $155#005#65
21 7/15/1993 $4 470000#00 10#170 f1S5►005#65 $602#005#65
22 1/15/1994 $132x275070 $132#275#70
23 7/15/1994 $4191000.00 10#210 $1320275170 $5510275#70
24 1./15/1995 $110,885#75 $ii0t885,75
25 7/15/1995 $4241000#00 10#240 $1100885175 $5340885#75
26 1/15/1996 $891176#95 $89#17,6095
27 7/15/1996 $430tQ00#00 100280 $891176#95 $519x176195
28 1/1.5/1997 $67,074#95 $670074#95
29 7/15/1997 $4371000000 101310 $679074095 $5041074095
30 1/15/1998 $440547#60 $44x547#60
31 7/15/1998 $4431000000 10#350 $44x547#60 $4879547#60
32 1/15/1999 $21x622#3$ $21x622035
33 7/15/1999 $203#000000 100380 421#622#35 $224#622,35
34 1/15/2000 $111086065 $11x086065
35 7/15/2000 $2131000#00 101410 $i1tA8b06;; $2240086065
QCStlG1C!lCCCtgGCCC tlCGgtlCgl3CCtlCtlCC CCCtltltlgCgttltlCtl:
TOTAL $8x509t000#00 $6,695#752#73 $15#204#252,73
PURCHASED WITH BOND PROCEEDS ON CLOSING DATE OF 3/29/83
CITY OF IfNTON.I TtX $
FEDERAL SE MITIC$ 990VIRED TO DEFEASE. THE PLATE 0
OUTSTANOINQ FL ECTRIC SYSTEM REVENUE BONDS
PERIOD ANNUAL
ENO1NO PRINCIPAL kATE % INT M OT TOTAL
1 6/ 1/1983 . $2070000000 8,000 $188094015A ..$3951935154
2 i2/ 1/1983 45290050170 $5290050170
3 61 1/1984 $529050#70 $529050070
4 12/ 1/1984 $5290050#70 452V050,70
5 6/ 1/1985 $5291050#70 $5291050170
6 12/ I/1985 $4490000100 9,340 $5290450170 $9780050470
7 6/ 1/1986 $5000082140 $500082#40
8 12/ 1/1986 $6460000#00 9#530 $5000002140 4103540082#40
9 6/ 1/1987 $4670770150 $4670770#50
10 12/ 1/1987 $9240000100 80550 $4670770#50 4103910770150
11 6/ 1/1988 $4280269#050 $4x81269150
12 12/ 1/1988 411072000000 81550 $4280269#,50 $10500`1269160
13 6/ 1/1989 $382x441;#50 $38204411190
14 12/ 1/1989 $100890000400 8450 $3020441#50 $10471x441#50
15 1/1990 0350886175 0351886#75
16 12/ 1/1990 $1x1041000#00 8#550 $3350886075 $104390886175
17 6/ 1/1991 $2880690#75 $2880690175
10 12/ 1/1991 $6010000000 0450 4200069005 $699s M 175
19 6/ 1/1992 $2620998#00 $2620990100
20 12/ 1/1992 $6030000400 81550 $262x998#00 $8650998100
21 6/ 1/1993 $2370219175 $237019M
22 12/ 1/1993 $6050000100 81550 $237x219#75 !8421219175
23 6/ 1/1994 $2110 56000 $211x356100
24 12/ 1/1994 $6071000#00 8#550 42110356100 $018+356100
25 6/ 1/1995 $1050406#75 1105x406173
26 12/ 2/1995 $6080000#00 8#550 $1830406 J5 67930406#75
27 6/ 1/1996 $1590414175 $159x41405
20 12/ 111996 $522rU00#00 8#5$0 11591414175 $6810414#75
29 6/ 1/1997 $1370099125 41371099125
30 12/ 1/1997 /345x000#00 04550 $1370099125 $482x099#25
31 6/ 1/1998 $122050#50 $1220350150
32 12/ 1/1998 $3330000#00 81550 $1220350430 $4551350150
33 6/ 1/1999 $1080114175 $1080114175
34 12/ 1/1999 $2780000#00 8#550 $1080114175 $3860114175
35 6/ 1/2000 $961230125 $960230125
36 12/ 1/2000 $2980000000 81550 $96x230125 $3840230125
37 6/ 1/2001 /830918125 $830918#25
36 12/ 1/2001 $770000400 00550 $030 18125 $1600910025
39 6/ 1/2002 $000626#50 1800626150
40 12/ 1/2002 $80x626150 $800626150
Al 61 1/2003 $000626#50 $800626150
42 12/ 1/2003 $800626#50 $801626150
43 6/ 1/2004 !800626150 $BOr626050
44 12/ 1/2004 $801626050 $801626150
45 61 1/2005 $80x626050 $840626150
46 12/ 11?005 $800626150 $800626150
47 6/ 1/7006 $80$626#50 $800626050
48 12/ 1/2006 $BOr626050 $000626150
49 6/ 1/2007 $80x626150 $800626150
50 12/ 1/2007 ti00B6r400000 80550 $80626050 S10966x626#50
■rrrrrrrrrrsrrrr "
000";" serrrrr srrrrrrrsrrrrrrr
TOTAL f12r4440000.00 f11083 r206#34 $2402760206034
e '
PURCHASED WITH BOND PROCEEDS ON CLOSING DATE OF 3/29/83
PLATE E
19E3 RESTRUCTURED REST TED CSCR W RE C IPTS WATT 8j
RESTRUCTURED RESTRICTEI ESCROW RECEIPTS FOR ARDITRAOE PURPOSES
MITRICTEI ESCROW RECEIPTS RESTRICTED ESCROW RECEIPTS RESTRUCTURED RESTRICTED ESCROW MIMI.
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t 1/ 3/4d 66f943115 0104 pp1pp 19 3y1 8x41 76
t I%111S%id Slli6ppyy4T,f 0.00 5+~i~ 3i 3 3 )i 195 .2 r 100 19r600~pp 2J11000i f73;33 5i ~4~
f
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100 2106 41411 151 16 160 1 1 -)1140 17113 27104
t 1/13/49 1475100 01
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4100 6+3001 42140 0123 2301394
7%15/ 230i~1i13 1 100 2301343115 2 If 9 16 - 701,
TOTM.S 151204101150 0100 1500401150 1512041232113 55123 7711500100 7711500,00 53123 1512041252
1 TKSE ARMS ARE TO DE KIWASTEO IN ZERO CO" SIX NQNT'N BIOS
1 p, LATE F
1983 RESTRUCTURED RESTRICTED BSCR W RECO S ELECTRIC
I111A11CI4A11 iillAlcrq tKllw Ata1►II fM OAIUAAOC ►1M►13I1
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it 1114 IEl I 1 I 1 211 I I il, 1 1 1 I~ I 1 I 2114~1 jIrJ~1 ?1? li
MAl3 11i14401010/ I?linl?11111 2111111N24/ ?11?111?61111 hltlll3 IIlNJ00101 111101)0010) ?IT1113 ?117)11?01111
IIM 11[5E NIOIMI$ AK 16 K M1046110 IN ?ii0 aIIIQN IIN WHIN ilia
PLATEl
CITY OF DENTON, TEXAS
UTILITY SYSTEM REFUNDING BONDS
SERIES 1983
DATED: 3/ 1/83 FIRST CPN DUE; 12/ 1/83
PRINCIPAL: 12/ 1 INTEREST DUE1 12/ 1
YEAR
END THIS $25,280,000 ISSUE
-'TOTAL - PRINCIPAL RATE INTEREST 12/31
12/ 1/83 $ 2,060,000.00 4,760 $ 11431,376,00 $ 3,491,375,00
12/ 1/84 1,735y000,00 5,260 1,810,650,00 31646,650.00
12/ 1/85 10695,000,00 5.750 f 1,719,662,50 31314,562,50
12/ 1/86 1470,000,00 6.250 1427,850,00 3,197,850,00
12/ 1/87 11666,000,00 6.500 1,629,726,00 31194,726,00
12/ 1/88 11800400,00 6.760 1,421400,00 +,221,600,00
12/ 1/89 1,805,000.00 7,260 103000000.00 3,105,040,00
12/ 1/90 1,775,000,00 7,750 1,169037,60 21944,137,50
12/ 1/91 1,126,400.00 8,000 1,031,675.00 2066,575,00
12/ 1/92 1,140,000,00 8,260 941,575,00 2,081,575,00
12/ 1/93 11100,000.00 81500 847,626.00 1,9471625,00
12/ 1/94 1,065,000,00 91500 7549025,00 198199025.00
12/ 1/95 1,084,000.00 91500 652,854,00 1,732,850,00
121 1/96 19005,000,00 9.500 5600250.00 11555,250.04
12/ 1/97 840,000.00 9.500 464,775,00 1,294,775,00
12/ 1/98 840,000,00 91500 374,975,00 1,2141975.00
121 1/99 5500000.00 9.500 296,175.00 845,175.00
12/ 1/ 0 250,000.00 9.!)00 242,925,00 492,925,00
12/ 1/ 1 220,000.00 9.500 219,175.00 439,175.00
121 1/ 2 250,000,00 9.625 198,275,00 448,275,00
121 1/ 3 260,000,00 9,625 174,212.50 4349212,60
12/ 1/ 4 270,000.00 9.625 149,187.50 419087,50
12/ 1/ 5 325,000,00 9,625 123,200,00 448,200.00
12/ 1/ 6 336,000,00 9,625 91,918,75 426,918,75
12/ 1/ 7 6209000,00 9,625 59,675.00 679,676,00
TOTAL $ 25,280,400.00 $ 19,171,093,75 $ 44,4511093.75
L
1 '
1".T OCBI,SERVICfi EXISTIHO V$. PROP9S D PLn'f1' H
Proposed Less, Cash FLOW
Existingg Refunding + from Emergency Net Debt
Date Debt SerVlce Oabt orvice pirenca . , Fund Obligations
1 ,12/ 1/83 2,681,401,00 31097,391,06 -215,990.06 16,666,67 •199,323.36
2 12/ 1/84 3,146,760.60 312461663,39 •98,902,09 25,000,00 -13,902.89
3 121 1/85 2,890,176.00 3,014,491.60 -124,316,60 26,000.00 -99,316,60
4 121 1/86 2,774,610,50 2,897,194,90 -1221684,40 26,000,00 -91,684,40
6 121 1187 21768,800.60 21893,631.28 •124,130.68 26,000.00 .99,730.68
6 12/ 1/88 2,798;468.60 2,919,098.96 -121,430.46 26,000,00 -96,430.46
7 12/~-•1/89 2,681,759.10 2,803,081.20 -121,322.10 25,000.00 -96,322,10
8 121 1/90 21616,888.00 2,642,033.20 -126,146.20 25,000.00 -100,146.20
9 12/ 1/91 1,732,633.50 1,864,417,78 «121,784,28 26,000.00 •96,784,28
10 12/ 1192 1,666,690.10 11779,466.78 •122,866.68 26,000.00 -97,865.68
11 12/ 1/93 1,619,639.10 1,646,612.32 •126,873,22 26,000.00 -100,873,22
12 12/ 1194 1,396,613,10 1,617,156,64 -121,643,44 25,000.00 -96,643,44
13 12/ 1/96 1,307,676.60 1,431,148.30 123,472.80 26,000,00 -98,472,80
14 12/ 1/96 1,132,124.50 11263,746.38 -121,620.88 26,000.00 -96,620.88
16 121 1/97 872,427,1^ 993,463.22 -121,036.12 26,000.00 -96,036,12
16 12/ 1/98 793,101.60 913,816.60 -120,714.90 26,000.00 -96,714,90
17 12/ 1/99 422,938.60 644,188.94 -121,260,34 25,000.00 -95,250.34
18 121 1/ 0 •600,788.90 192,104.70 -692,893.60 25,000.00 -667,893.60
19 12/ 1/ 1 17,812,60 138,647.34 -120,734,89 26,000,00 -96,734.84
20 121 1/ 2 26,284.00 147,166.66 -122,481,66 76,000.00 -97,481.56
21 12/ 1/ 3 9,996.00 134,816.34 -124,820.34 26,000.00 -99,820,34
22 12/ 1/ 4 •61292,00 119,813.18 •1261106118 26,000.00 -1001106,18
23 12/ 1/ 6 22,920.00 148,844.64 •126,924.64 25,D00,00 -100,924.54
24 12/ 1/ 6 6,384,00 127,686.79 •122,202,79 26,600.00 -97,202,79
26 12/ 1/ 7 -3,008,669,40 -2,887,434.40 -121,136.00 275,000.00 163,865,00
29,858,162.60 33,668,234.29 -3,710,081,79 866,666.67 .21843,416.12
TTI 'Sol
a
Table No. 93-10 M1IXIMWM In*" ROM Payable an United Stastes
Tmmry Cartlflalirm of Indebtednm, Note and Bond:.»
Stara rind Lout Government Woo Subsodbed for
During Period .M.?...1983...~.,throu
This table of maximum Intor"t rat" Is Issued pursuant to Department Clrcular, Pub(la Debt Seri" No, 3-72, current mislon. Each
certificate, note or band Issued b"ed on subscriptions revolved during the period covered by this table shall bar such rate of Interest
as the government body may d"Ignats, provldtd that It shall not be more then the current'Treasury rats on a pomparabae moturity rt.
ducod by on"Ighth of t percent as shown In this table, For maturities failing between the maturities shown hanin, the applicable rate
will be determined by Interpolation of the rates for the maturhles Immediately preceding and following the desired maturity, The se,
curttles may be redeemed at the owner's option on one week's notice after 46 days from issue date in the case of cortlflcates, and after
one year from the Issue date In the case of not" and banns, Where redemption prior to maturity occurs, the Interest for the entire
period Mali be ad)usted In accordance with terms of the otforirp circular in effect at time of Issue.
PRACIENTAGIS RATU FAYASLA ON MATVRITURS OF
+1. Mee. RM Yrs. Ma. AM YM Mee. Rea Yn. Mp1, P40 Ym., Mace Rea 1' Ma. Rate
U►2 10 30
1% 1 7.85 3- 6 9►ad 4.. 9 .ti 10- 1 13- 6 1
a3.oo 3- a 9: yo a- 10 y• 8d 1OL x t o.17 13- f3 10.26 ' 114- 1o t 104o j
3 6.Ud 3-~ 7 9.51 6. 11 9.88' 10-. 3 10.17 13- 7 10.24 i 16- 11! 10. a0
4 8.13 3-. 8 9.53 7_ 9989 10.. 4 .10► 1 d 13- S 10.29.17_ ! 10940•
6 d.20 3... 9 9.54 7- 1 9.90 10- 5 10.18 13- 9 10029 17'» 1 10.41
6 0.26 3-. 10 ' 9.56 7- 2 9.91 i 10- a 10619 13,,, 10 10.30 17- 2I 10.41
7 d . 30 3- 11 9.57 7- 3 9.92 10- 7 10 *'19 13., 11 10.30 17- 3 ' 10.41
0 d.33 4- 9.38 7- 4 9.93 10- 8 10.19 14- 10.30 17'- 4' 10.41.
9 o.36 4r. 1 9.69 7_ 6 ' . 0 ~ 10- 9 1 0. 19 14- 1 10.31 '17_ a i 10.42
10 ' 4.39 4- 2 1 9.60 7- s Q,-94 10- 10 10620 14- 2 i L04 31 17- g '1 0.42.
11 J.43 4- 3 •9.62 7_ 1 4.95 10- 11 10620 14- 3 10.31 17- 7 10.43
6.47 4- 4 14).63 7'- s 9.96 11- 10.20 14- 4 10.31 17. 8 10.43
1- 1 1 d. :)4 4- s 9.63 7 9 9.97 11- 1 10.21 14- 6 10.32 17- 9 10.4,3
1- 2 8.62 4- 0 9.64 7- 10 9.98 11- 2 10.21 14- a 10.32 17- 10 10.44
1.: 3 6, 71 4- 7 9.65 7.. 11 y• 49 11_ 3 1 0.21 14- 7 10.32 -17- 11 10.44
1- 4 6.78 4~ a 9666 8- 4.99 11-. 4 .10o 22 14- g 10.32 1aa.. 10.43
1- 6 s. t66 4- 9 9.67 a- 1 10.00 11 6 10 .22 14,. 9 10.33 18-' 1 I 10.44
1- s 6.93 4- 10 9.6!3 ,9.. 2 10.00 11' s 10. 22 14- 10 10.33 1S. 2 10. 44
1- 7 d. 9a7 4- 11 9. 68 3 10.0) 11- 7 10022 14- 11 10.34 is.. 3 10.44
t~- 8 + Yew S-• 9.70 13+ 4 10402 11- s .10.22 16= 10,x 34 11111- 4 10.4 5
t= 9 9.Od 1 9.70 8« 6 10.03 11- 9 1 0.23 t9.. 1 .10* 3.4 18, , 10.45
1- 10 ! 12 Ia.. 2 , 9,71 9- 6 10604 11- 1o 10.23 i6- 2 10 .34 16= e . 10.45
1W 11 16 6= 3 1 "9.72 Ag- 7 10.04 11- 11 10.23 16- 3 10.35 16- 7 10.46
2-r a . 1 d 6- 4 9o73 a- a t 0.0a 12-~ 10,,2 4 IS- 4 10435 10.46
2- 1 .~.2 1 6- s 9.73 a- 9 10.06 12-- 1 10.24 is- 6 10.35 1a- 9 ! 10.46
2= 2 9.23 9- 6 -,9. 74 6- 10 10.07 12- 2 a 0.24 16- 6 10.35 18.. 10 E 10. 46
2- 3 q.2, 6- 7 9675 9- 11 10.08 12- 3 10,24. 7 10.35 ter-. 11 k 10.47
2- 4 ; q.27 6-* 8 19.7 6 9r 10009 12,- 4 1 0.2 6 15- 8 10.36 19-- 10o47
2-~ 6 Y.29 fi-- 9 94 77 9-;- 1 ' 10, 09 12;-: 6 10.25 16- 9 10.36 18_ 1 10, 47'
2- 6 g,31 6- 10 9,77 9- 2 10, 10 12- 8 10,23 16- 10 10,37 19- 2 104.48
2- 7 9,32 s-. t1 9618 9,~- 3 10. 11 12- 7 10.26 16- 11 10,37 19_. 3 10.48
2-P 8 y, 34 a-: 9,79 9- 4 10. 11 12- 8 10,26 16- 10.37 19- 4 1 10.48
Z-- 9 q, 3,5 1 4.80 9- 6 10. 12 12- 9 10,26 1s- 1 10.37 is.- 6 1 10.48
2- 10 q, 37 B-- 2 14,d 1 9-' 8 10. 13 12- 10 10,27 18- 2 10 , 3t3 19.- 8 10.49
11 9139 6- 3 9181 9-, 7 10. 14 12- 11 10,27 1G- 3 10.38 IS- 7 ~ .10.49
9.40 6 4 9. d2 9, ' 6 10. 14 13- 10.27 1S. 4 10.38 i9- 8 1 10.49
a-- 1 y, 42 6- 6 y,d3 9- 9 10, 15 13- 1 10.27 16- 6 10.39 19- 9 10.50
3- 2 9, 4,1 6- 8 9, d4 9- 10 10. 15 13- 2 10.2 d 16- a 10.3Q 19- 10 ! 10.50
3 14. 46 6- 7 9085 S- 11 10, 15 13- 3 10.28 16= 7 10.39 19, 11 j 10650
3.. 4 y, 4/ 6-• 8 .9,•d6 10-- 1.0.,16, 13- 4 10.26 16- 8 10,39 20- ! _10,51
1 I ,
$730,000
CITY OF DENTON, TEXAS
WATER AND SEWER REVENUE BONDS
SERIES 1960
DATED: 7/16/82 FIR$T'CPN DUEL 1/16/63
PRINCIPAL. DUE: 7/15 INTEREST DUEL 1/16 ~ 7/16.,
YEAR
END THIS 730,000 ISSUE s
9/30 PRINCIPA REST
1983 $ 16,000 4 000 $ 290200 $ 04,1200
1984 80,000 44000 260200 1061200
1985 88,000 46000 23,000 108,000
1986 90,000 4 000 19,600 109,600
1987 95,000 4.000 160000 x,111,000
1988 100,000 4.000 12,200 112,200
1989 100,000 4,000 8,200 108,200
1990 105,000 4,000 4,200 109,200
S 730,000 $ 138,600 S 868,600
1
$390,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1962
DATED, 7/15/82 FIRST CPN DUE; 1/15/83
PRINCIPAL DUE: 7/15 INTEREST DUE: 1/15 & 7/15
YEAR
END THIS $ 390 000 ISSUE
9/30
1983 $ 45,000 3 350 $ 13,295 S 58,295
1984 46,000 3,360 11,788 66,788
1985 45,400 34400 100280 650280
1986 45,000 3,400 81750 63,760
1987 509000 3,400 7,220 57,220
1948 50,000 3,450 60620 559620
1989 55,000 3,460 3,795 68,795
1990 55,000 3,4"0 11898 56,898
3 3900000 3 62,546 $ 4529546
1
f ,
i
szo, a0o
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1964
DATED: 7/16/82 FIRST CPN DUES 1/15/83
PRINCIPAL DUE; 7/15 INTEREST DUE: 1/15 & 7/15 ,
YEAR
END
99/30 ~A THIS S 0 000 ISSUE
RAM INTERE15T- TOTAL
1983 S 10,000 3.400 3 680 S 10,680
1984 l0,OOO 3.400 340 10,340
$ 200000 S 11020 S. 210020
r
I
I
$200,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1966
DATED; 7/15/82 FIRST CPN DUE: 1/15/83
PRINCIPAL. DUE: 7/16 INTEREST DUE; 1/16 & 7/15
YEAR
END THIS $ 200,000 ISSUE
1983 $ 60,000 34500 S 7,000 S 67,000
1964 $0,000 3400 6,260 65,260
1985 50,000 MOO 31500 63,600
1986 50,000 3.500 1,760 51,750
$ 200,000 $ 17,600 $ 211,500
f
$370,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1969
I fDATED: 7/15/82 FIRST CPN DUO; 1/15/83
PRINCIPAL DUE: 7/15 INTEREST DUE: 1/15 & 7/15
YEAR
END THIS S 370,000 ISSUE
930
1983 $ 600000 54100 S 18,670 S 18,670
1984 $0,000 5,100 150610 7511610
1985 600000 50200 12,550 62,$50
1986 $0,000 51250 90950 59,~l50
1987 $0,000 61300 11325 57,3 5
1988 50,000 54350 4,675 54,675
1989 SOtOOO 4,000 21000 62,000
S 370,000 S 70,780 S 440;780
$970,000
CITY OF OENTON, TEXAS
WATER ANO SEWER SYSTEM REVENUE BONDS
SERIES 1972
,
DATED= 7/16/82 FIRST CPN DUE: 1/15/83
PRINCIPAL. DUE: 7/15 INTEREST DUE: 1/15 & 7/15 ,
YEAR
ENO THIS $ 970,000 ISSUE
9/30 L.
1983 $ 80,000 4,600 $ 46,500 S 126,500
1984 80,000 4,700 42,820 122,820
1985 90,000 4,800 39,060 129,060
1986 90,000 44900 34,740 124,740
1987 90,000 6.000 30,330 1201330
1988 90,000 64100 25,830 115,830
1989 90,000 6.160 21,240 111.9240
1990 90,000 64200 16,605 106,605
1991 90,000 6 250 11,925 101,925
1992 90,000 4,000 7,200 97,200
1993 901000 4.000 31600 93,600
S 970,000 $ 279,850 S 1,249,850
r
• 51,825,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1974
1 1
.l
t DATED: 7/15/82 FIRST CPN OU6 1/15/83
PRINCIPAL DUE: 7/15 INTEREST DUE: 1/15 & 7/15 `
Yf AR
ENO THIS S 1,6261000 ISSUE
9 30 -'M'IAC'3T~AlR7~TE' X)~NTrtR~T 'TQYAL
1983 $ 78,000 6,600 S 91,600 $ x•166,600
1984 759000 5.600 879400 162,400 '
1985 75,000 5,600 83,200 158,200
1986 100,000 66600 79,000 179,000
1987 100,000 54800 73,400 173,400
1988 100,000 5,800 67,600 167,600
1989 100,000 64000 61,800 161,800
1990 100,000 6,000 55,800 155•.1800
1991 100,000 64200 49,800 149,800
1992 100,000 6,200 43,600 143,600
1993 100,000 6,200 37,400 137,400
1994 1000000 6,200 31,200 131,200
1995 100,000 6,250 25,000 125,000
1996 100,000 6,250 18,750 118,750
1997 100,000 6,250 12,500 112,500
1998 1000000 6,250 60250 106,250
S 10525,000 S 824,300 S 2,3499300
1,
$460,000
CITY OF DENTON, "TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1977
DATED; 7/16/82 FIRST CPN DUE; 1/15/83
PRINCIPAL. ME; 7/15 INTEREST DUE; 1/15 & 7/15
YEAR
ENO THI $ 460,000 ISSUE
9/ 30
1983 $ 25,000 5 000 S 22,160 S 47,160
1984 28,000 41500 20,900 45,900
1985 500000 4.6nO 19,775 69,775
1986 50,000 44700 17,475 67,475
1987 50,000 4,800 15,125 65,125
1988 $0,000 4,900 12,125 62,725
1989 80,000 54000 10,275 60,275
1990 50,000 5.100 71775 $7,775
1991 50,000 5,200 59226 651225
1992 509000 54260 21625 52,625
$ 450,000 S 134,050 S 584,050
$3,800,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE 80ND$
SERIES 1979
DATED; 7/15/82 FIRST CPN DUEV 1/15/83
PRINCIPAL DUE: 7/15 INTEREST DUE: 1/15 & 7/16
YEAR
E THIS ~~3 3,800 000 ISSUE
1
1983 S 100,000 6,760 $ 218,363 $ 1 318,363
1984 100,000 6,750 211,613 1311,613
1985 225,000 6.750 204,863 429,863
1986 225,000 6,750 189,675 414,675
1987 226,000 6,150 174,488 399,488
1988 226,000 6,600 169,300 384,300
1989 225,000 5,300 144,450 369,450
1990 226,000 64300 132,526 367:,526
1991 226,400 5,300 120,600 3461600
1992 226,000 5,400 108,676 333;675
1993 226,000 6.400 961526 321,626
1994 226,000 5,400 84,375 309,375
1995 225,000 5.500 72,225 297,225
1996 225,000 6,600 69,850 284,850
1997 226,000 5,750 47,250 272,250
1998 226,000 5,760 349313 269,313
1999 225,000 4,750 21,375 246,375
2000 226,000 4,750 100688 235,688
E 3,800,000 $ 2,091,153 S 5,891,163
$1,600,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1982
DATEDI 7/16/82 FIRST CPN DUES 1/16/83
PRINCIPAL DUE; 7/15 INTEREST DUE; 1/16 b 7/15 '
YEAR THIS 5 1 50 000 ISSUE END ATE TOTAL
1983 S 60,000 134000 S 189,138 S 249,138
19884 100,000 13.000 181,338 281,338
1986 168,338 168$38
1986 168,338 168,338
1987 75,000 13,000 168,338 243,338
1988 75,000 134000 1680588 233,688
1989 76,000 13,000 148,838 223,838
1990 75,000 13 000 1391088 214,088
1991 90,000 13,000 129,338 219,338
1992 100,000 13,000 117,638 217,638
1993 100,000 12 200 104,638 204,638
1994 1600000 12.400 92,438 242,438
1995 150,000 12.500 73,838 223,838
1996 1600000 120700 55,088 205,088
1997 160000 12,0 36oO38 186038
1998 150,000 11.125 16,688 166,688
S 1,5000000 5 1,947,708 S 31447,708
$19,266,000
CITY OF DENTON TEXAS
ELECTRIC SYSTEM REFUNDING
REVENUE BONDS
SERIES 1978
DATED; 6/ 1/82 FIRST CPN DUES. 12/ 1/82
PRINCIPAL DUE: 12/ 1 INTEREST DUE: 12/ 1 & 6/ 1
YEAR
END TH1 $ 19 255 WO ISSUE
9130 '
1983 $ S 1,036,145 $ 4036,146
1984 1,036,145 1,0361145
1985 1,036,145 1,036,145
1986 856,000 4,600 11016,480 1,8719480
1987 11135,000 4.700 470,143 2,105,143
1988 11165,000 4,800 915,610 210800610
1989 11200,000 44900 8580150 200581150
1990 10200,.100 64000 798,750 1,998,,750
1991 10200,000 54050 738,450 1,938,450
1992 600,000 5,100 692,850 10292,850
1993 600,000 6.150 662,x00 1,262,100
1994 600,000 54200 631,050 10231,050
1995 6000000 5,200 699,850 19199,850
1996 600,000 60250 $68,600 1,1681500
'1997 500,000 64250 539,625 1,039,626
1998 300,000 5,850 617,725 817,725
1999 300,000 5.850 500,176 800,176
2000 250,000 50850 484,088 734,088
2001 276,000 5,850 468,731 743,731
2002 275,000 5.850 452,644 727,644
2003 300,000 6.850 435,825 735,825
2004 300,000 6,850 418,276 718,276
2005 300,000 6,850 400,726 700,725
2006 350,000 5,850 381,713 731,713
2007 350,000 5.850 361,238 711,238
2008 6,000,000 5.850 175,500 69175,500
S 19,2550000 S 16,696,532 t 359951,532
$3,000,ooo
CITY OF DENTON, TEXAS
ELECTRIC SYSTEM REVENUE BONDS
SERIES 1982
DATED: 4/ 1/82 FIRST CPN DUE: 12/ 1/82
PRINCIPAL DUE: 12/ 1 INTEREST DUE: 12/ 1 b 6/ 1
YEAR
END THI S 3 000 DOO ISSUE
9 30 _ TOTAL
1983 $ $ 427,366 $ 427,366
1984 75,000 12,760 361,631 436,531
1985 76,000 13,000 351,875 426,876
1986 76,000 13,000 342,126 417,125
1987 76,000 13,000 332,375 401;376
1988 100,0oO 13,000 $21,000 421,000
1989 204,000 13.000 301,600 501,500
1990 200,000 134000 276,600 476,500
1991 2000000 12,600 250,000 450,000
1992 2009000 11,250 226+250 426,250
1993 2009000 11,500 2030600 403,600
1994 200,000 110750 180,260 380,250
1995 2001000 12.000 1660600 356,600
1996 200,000 124260 132,260 332,250
1997 200,000 12,600 107,600 307,500
1998 200,000 12,760 82,260 282,260
1999 2009000 12.760 86,760 266,760
2000 2000000 114000 33,DOO 233,000
2001 200,000 11,000 11,000 211,000
S 3,000,000 S 49152,621 S 7,1521521
1
$23,aso,ooo
CITY OF DENTON, Tp,xAS
UTILITY SYSTEM REVENUE REFUNf ING
BONDS, SERIES 1983
ADVANCE REFUNDING FEASIBILITY STUDY
MARCH 10, 1983
FIRST SOUTHWEST COMPANY
N
F IRSIr ' Clef ,t~~ COMPANY
I4'i•r7s,rmENT 11ANKroRS
MERCANTILE DALLAS 9UILDINU
DAI,I,ASi TEXAS 715801
MUNICIPAL DtPARTMENT March 10, 1983 ~xtiA' ~aa.eael
Honorable Mayor and City Council
City of Denton
Denton, Texas
Gentlemen
REJ
$25,280,000
CITY OF DENTON, TEXAS
UTILITY SYSTEM REVENUE REFUNDING BONDS, SERILS 1983
in accord with our agreement with you we have developed In concert with
Goldman, Sachs do Co., Dillon, Read do Co. Inc. and Kidder, Peabody h Co.
Incorporated, and present herewith for your consideration, a plan of finance
designed to refund all of the City's presently outstanding Electric System and
Water and Sewer System Revenue Bonds, to combine the Systems Into a single
operating entity, and allow the issuance of a new series of Utility System Revenue
Bonds to be secured and payable from pledged revenues generated by the combined
systems, If adopted, as proposed, the plan would provide the following basic
benefits to the Cityi
a, Allow the adoption of a new Bond ordinance which would remove onerous
and somewhat restrlctlve bond coverage requirements which in the past have
placed severe limits on the City's ability to Issue bonds for needed capital
improvements.
b, Create a security which should command wider acceptance In the
marketplace which, In turn, should result In lower borrowing costs on future
bond sales for the Utility System,
c, provide better debt service coverage for additional bond: to tie Issued in
the future, which would also enhance the market value,
d, Provide Immediate cash In the amount of $1,500,000 for needed capital
!mprovements, and $230,000 to create an Emergency Fund to be used to pay
unexpected or extraordinary expenses of repair, replacement, operation and
maintenance of the system for which funds might not be otherwise available.
i
?I ROT s,jcNl~ul~Pe1~ OOMPANY
Honorable Mayor and City Council
March 10, 1983
Page 2
Under the proposed plan all outstanding Electric, Water and Sewer System Revenue
Bonds (a total amount of $32,210,000) would be deftaa;~ed, and ordinances autho-
rizing and securing the Outstanding Bonds would be re!leiased and discharged. funds
necessary to accomplish the refunding and 'Idoleasanr-e" of the outstanding bonds
are to be provided from the sales of $23,2800000 Utility Systern Revenue Refunding
Bonds, Series 1983 and uncommltted funds In the Utility ,System, Plate A,
attached, "Sources and Applications of Funds", shows sources and uses of funds.
Pursuant to the "Series 1978 Trust Agreement", with the Port Worth National Bank,
Fort Worth, Texas (now Texas American Bank), created fo the benefit and security
of the $19,233,000 Electric System Revenue Bonds, Sdrles 1978, the City has
purchased and owns In Trust $3,243,000 U.S, Treasury 7 7/89x1 Bonds, due 11-13-
2007. Further, pursuant to said Trust the City Is obligated •.o purchase an
additional $2,669,000 par value of the same styled bonds in semi-annual lnstaL.
ments froin June 1, 19$3 through June 1, 1985, However, In order to discharge the
9,233,000 Series 1978 Bonds the City will be required to purchase the remaining
41669,000 of bonds simultaneously with the Issuance of the new $23,280,000 Series
1983 Bonds, In order to provide the above mentioned $11,3001000 for capital
Improvements, to discharge the remaining obligation to the Trustee Bank and to
provide funds to purch+ue U,S, Securities to be deposited to the new Escrow Fund,
the total par amount said securities ($7,912,000) will be liquidated,
Additional data relative to this refinancing plan are as followsr
a, PLATE BB - Existing Net Debt Service,
b, PLATE C - Federal Securities Required to Defease Outstanding Water
and Sewer Revenue Bones,
c, PLATE D - Federal Socurltles Required to Defease Outstanding
Electric System Revenue Bonds,
d, PLATE E - Restructured Escrow Receipts (Water)
e, PLATE F - Restructured Escrow Receipts (Electric),
f, PLATE G - Schedule of New Refunding Bonds,
g, PLATE H - Net Deb,, Servicei Existing vs. Proposed.
h, State and Local Government Bond Yields,
i, Schedules of Outs~anding Utility Debt,
FI RST ~,j'Ofl.4A4Vc4 00X PANT
Honorable Mayor and City Council
March 10, 1983
Page 3
The adoption of the program contemplated herein Is, In our judgment, In the best
interests of the City of Denton, and we recommend it for your approval.
Yours very truly,
FIRST SOUTHWEST COMPANY
By ra :)t
n eda`nTch
Harold A, Mc nroe
i'~
PLAT5 8
CITY OF DENTONt TEXAS
UTILITY SYSTEM REVENUE REFUNDING BONDS, SERIES 1983
SOURCES AND APPLICATIONS OF FUNDS "
SOURCES OF FUNDS,
Principal Arrount of Bonds X25,280,000
Funds on Hand
Less: Discount and Costs of Issuance(1) 629,660
Total Avallabie Funds $26,31 ,3~Q
USES OF FUNDS:
Deposit to Electric System Escrow Fund 14, 556, 340
Deposit to Water and Sewer System Escrow Fund 8,509,000
Deposit to Reservo Fund 3,0001000
Deposit to Emerge;icy Fund _.._-250,000.
Total Uses of Funds $260151340
(1) Includes underwriters discount, fees for legal, accounting and financial
advisory services, ratings, bond printing, paying agents fees, escrow and veriflca-
tlon costs ,,-d all travel and miscellaneous expenses associated with the refunding,
CITY OF DENTON, TEXAS
CALCULATION OF COMPOSITE ACTUARIAL YIF.LDS
REFUNDING BONDSt
Principal Amount of Bonds $25,2800000,00
Plus, Accrued Interest (3-1.83 to 3-29-83) 148,438.89
Less, Discount and Costs of Issuance 629,660.00
Target Amount $24,798,778.89
Actuarial Yield is ----------------------------------------------------8,8415%
ESCROW YIELD:
Cost of Escrow Securities 20,953,000.00
Cost of Restricted Securities for
Reserve Fund (,913,800,00
Benefits of Transferred Proceeds:
1978 Electric System Escrow Fund 277,637.13
1978 Electric System Reserve Fund _ 169,886.69
Target Amount 23 314,323.82
Actuarial Yield i, 8.9329%
PLATE 8
1: X S M N KT DIII R!
Less: Equals:
Existing Sinking Fund less: -less; Existing
Debt Revenues Ilectric Water Net Debt
Pd,~nding Ser i e (Installments) es a R„os_erv Service
i1♦♦^^/ 1/13 22 r7sS,oD -7 1214 ,
iL/ 1/14 ^+Vib r `1~4 - ~SrPVD1~ ~Jr I~V ~r1Y~ +11 ~l3~It7~
3 ` / y/852'~4)r 0+00 12~ 1Myy b2 tpp 1 q11 r,
4 l/ 1/1b 313 +32154 13 ^8527 146 9Pi0401D0 ,79 ,514154
247 1yY Q 2414 1 + ,14,6
1 2 1 2Q 1U /1 10 2 1 2461
5, 1 I + 00 ll
$ 1Q~ ,00 2014 1 , 2 1 +
11%90 s i y~4 t D d i440~~jj4pi40 ~ r~'''$p r, 12~ 2b 1
1/ 1/4 1 4 6 +074~OO bid ).44 4r .o 1i65biS~1
9511 2,50 6^31 p7010D 16;11 0 +4 010 DI 25 9+639110
6, '1 1 7 100 42 b 10 r 1 0 1 2b
14 12/ 1 /96 11981143 154 6231074100 116,243100 901000+00 1 11321124 50
11 12/ 1 /97 116921287+50 6231070100 1060"440 901000100 OM 427,10
11. 1?/ 1/98 116101700100 6232070104 1041528+40 901100 7411101160
171^15/94 11231177510¢ 6231070100 951766140 902 0,00. 4 1938+60
1$ 1r.'/ 1/ 0 11209146215``1 6232070100 971181140 9901000400 -5001788190
~Q 2/, 1 / 3 ~33 c 687150 6231070100 41 0510p 01 r Z 1 O
44 1! 2 74p4??rpb0g$1p0~6 00
11 a It r0 1 36, 461p0 $$1 1 41
01 ^b1 4
+ • 1~ +
20 1 1 +04
964+SO4Of~ 200+ 12 X41
23 11/ 5 7412950100 6:31070,00 951960,00 100 22190,00
24 1/ 1/ 6 j21+475,00 623,070144 5+021100'51 4100
25 12/ 1/ 7 6,3351,400100 115351070100 84+499+40 1100
TOIAI 57+5451467150. 2015342521100 416621994100 215051000100 2911432652150
PLATE
CITY OF DENTON TEXAS
FEDERAL SECURITIES ROMED TO DEFEM E THE
OUTSTANDING WATER & SEWER SYSTEM REVENUE BONDS
PERIOD ANNUAL
ENDIND PRINCIPAL RATE 9 INTEREST TOTAL
1 7/15/1983 $652000#00 84060 $247t2!'i6*23 :4899►256o23
2 1/1:/1984 i3880;30~20 $38'8►330#20
3 7/1$/1984 $452000400 8#710 $388r"g30t20 $840030+20
4 1/15/1985 1368x60#60 ,1366r645t60
5 7/i3/1985 $497►000#00 9,250 136$►645.60 $665x645#60
6 1/30/3986 4345P6591,33 1346►6Z94 5
7 7/15/1966 $538►000t00 94460 $345v659s35 1883►6594 5
8 1/15/1987 MOP 211195 $320211,95
9 7/1!5/1987 $58700040 9.620 4320,23,'1#95 $907►211o95
10 1/15/1988 429107.7o25 $291,977.25
11 VIS/1988 460200040 9 720 4291►97745 4893077~25
12 1/1$/1989 4262►72005 4262►720405
13 7/15/1989 4620000o00 9.810 $26202045 4882►720+'05
14 1/15/1990 $23200940 4232009#05
15 7/15/1990 4593000400 9,920 4232►30905 4825►309#05
16 1/15/1991 4202,896425 4202►896o25
V7 7/15/1991 $466000M 10#010 $202096s25 46680896'025
18 1/15/1992 41790572495 41799572495
19 7/15/1992 44860000400 104110 4179957295 46659572#95
20 1/15/1993 41559005065 4155900565
21 7/1$/1993 :447000.00 10#170 41550005465 $6020006665
22 1/15/1994 41320275070 4132P275o70
23 7/iS/1994 44190000#00 10#210 41320275#70 4551r215#70
24 1/15/1995 ii100885#75 4110988575
25 7/15/1995 44249000.00 100240 4i100885 0 5 45340885475
26 1/15/1996 4899176#95 489917,6495
27 7/15/1996 44309QOO#00 10#280 $99Y176 M 45199176495
28 1/3.5/1997 467007495 4670074495
29 7/15/1997 44370OM OO 10x310 4679074695 45040074 95
30 1/15/1998 4440547160 4440547#60
31 7/15/1998 444300 M OO 100350 %449547#60 44879547.60
32 1/15/1999 41"10622.35 4219622,35
33 7/SS/1999 4203►000s00 lof380 421#622#35 $224,622#35
34 1/15/2000 4119086065 4110086465
35 7/15/2000 42139000#00 10#410 4110086,65 42249086,65
nana:dneeRndneox nneananeaezennan eRCxeenRncaeeen
TOTAL 4805099000000 4606959252073 4150204925273
PURCHASED WITH BOND PROCEEDS ON CLOSING DATE OF 3/24/83
ll OF o f-POH TUM
FEDERAL MURITIES REQUIRED TO DEFUM E THE P~Ajj 0
OUTSTANDING ELECTRIC SYSTEM REVENUE BONDS
PERIOD ANNUAL
MIND PRINCIPAL RATE % 1NTR MY TOTAL
1 6/ 1/1983 $2071000400 84000 !1881935404 _ ..4.3950935154
2 121 1/1903 1529050470 4529#050470
3 6/ 1/1484 /5291050470 $5290050470
4 12/ 1/1984 15291050470 $0291050470
5 6/ 1/1985 15291050470 $5291050070
6 12/ 1/1985 {4491000400 94340 $5290050470 {9781050470
7 6/ 1/1986 16081082440 {508►O W 40
e 12/ 1/1986 48460000400 94530 15081082440 $103341082440
9 6/ 1/1987 $467070450 $46707701$0
10 12/ 1/1987 $92000040 84550 14670770450 1113911770450
11 6/ 1/1988 /42812694050 $42802691.70
12 12/ 1/1988 41#0721000400 84550 14281269450 $11500069450
13 6/ 1/1989 43821441450 $382#441150
14 12/ 1/1989 t1►OM OOO 400 80550 $382#441450 $1#4710441450
15 6/ 1/1990 43351896175 43351986475
16 12/ 1/1990 $1#1041000400 84550 13351886475 11►43908640/5
17 6/ 1/1991 1288#690075 12884690475
18 12/ 1/1991 46011000400 84560 42881690475 18891690474
19 6/ 1/1992 12621998400 $2620998400
20 12/ 1/1992 $6030000400 84550 12621998400 18651998400
121 6/ 1/1993 1237#219475 $2371219475
22 12/ 1/1993 16050000400 84550 $2371219475 4842019475
23 6/ 1/1994 $2111356400 $2111356400
24 12/ 1/1994 $6070000400 80550 $2110356400 68181354400
25 6/ 1/1995 $185#406475 $1850406475
26 12/ 1/1995 $608#000400 845110 $1851404475 1793x406475
27 6/ 1/1996 $1590414475 $159#414473
28 12/ 1/1996 4522400400 80550 $169#414475 Sd811414475
29 6/ 1/1997 • 4137099425 41371099425
30 12/ 1/1997 /47450000400 84550 4137x099425 $482#099425
31 6/ 1/1998 $1221350450 412213501$0
32 12/ 1/1998 $3331000000 80530 412213501$0 1455050450
33 6/ 1/1999 $1081114475 $1081114475
34 12/ 1/1999 4278t0004O0 84550 41080114475 43860114475
35 6/ 1/2000 $961230025 $961230025
36 12/ 1/2000 42880000400 94550 4961230425 $384x230025
37 61 L/2001 483#918425 !83#918425
38 12/ 1/2001 $771000000 84550 $830918425 $1600918425
39 6/ 1/2002 4800626050 $001626050
40 12/ 1/2002 $80626450 4800626450
41 6/ 1/2003 !701626450 $80x626450
42 12/ 1/2003 480x626450 $800626450
43 61 1/2004 5800626450 180x626450
44 12/ 1/2004 $800624050 $801626450
45 6/ 1/2005 180#626450 !800626050
46 12/ 1/2005 $80#626050 4800626050
47 6/ 1/2006 4800626050 4800626050
48 12/ 1/2006 $80#626450 $800626050
49 6/ 1/2007 180#626450 {801626450
50 12/ 1/2007 $1#8860000400 84550 480#626450 $14966#62645/#
■rrrrrrrrarrrrr rrrrrrrru rrrsr ■rrrrnrrrrrrrer
YOTAL $12r444r000006 411x8320206034 424#276#206434
0
PURCHASED WITH BOND PROCEEDS ON CLOSING DATE OF 3/29/83
PLATE E
1 , •
1983 S UCT p ST 1CT O ESCROW RECEIPTS (WATER
REIMKTUKP REITRICIEI IICROII REC11M FOR ARNIM WOKS
IJINtEI1AIC1T1 Eti, RECEIlTI REITAICTEI Is" RECIIMS REITRIICTWO RE/TAICTEO Ism RfCE1lTnl
•M►ww~Ify7gwM~'1~►'wwP. f1~w►,pYw,lYw~Nww Tw►w~A^••wrNw•1►M~MwNMwv10►MVM•MwMrM MMO •YYY•1•,M„wN•w"w~wMY\\O•IM"MwY,•wMwwq►►wYwMM,I wM •'Yw ►~Y VwlwnwwwMw\MM~ww wr~~
1 1
11~~pp RIC1E0 {~g~ CIEI UP ma l 111q Emil $TI CARRYf~ 111 Doti 000 IN VC
111 I Tb
I ' / / 1 ► } 1 ! } ! 1 ►7 1 1 173 `i:~Fl, I r
/ ! 1 1 1 ! f ! 1 1 1 ~ 1 1 1 1 1 ~`13/ } 1
I 1 1 1 + ! 1 ! 1 • 1 1 1 + 1 1 1 1 ! 1
( ► + + f 1 1 1 1 1 1 1 t 1 ^ 1 R14 1 + HIT
/ f 1 1 1 ! 1 r 1 I 1 1 1 1 1 1 1 toot ,0 1 1
t 1 1 1 t e f 1 1 1 1 + 1 1 r 1 ! 1
1 I/ t 1 1 + 1 1 1 1 • t 1 t 1 1 1 + i=,1~J 1 1
1 1 1 + f + 1 1 1 r 7 1 1 1 + 1 1A, 43 } r
1 1 1 1 1 1 1+ 1 79# 1 } 4++14,13 } 71
1 1 1 1 1 1 r 1 1 ► 63r 1 + + d4,y 1 1
1 1 1 1 ► 1 1 1 • 1 1 1 631 1 1IIS 14n5'
1 4 1 1 + f 1 I 1 f 1 1141 1 1 • 1 ~u~1*d 1711
l } , , 1 } 1 1 1 • 1 1~+ 1 541 1 i 1t
e / ( + 1 1 1 1 1 ! 1 r 1 fl 441 1 1 . 1 ~Sr
1 / I 1 1 1 7} r 1 1 1 71 1 441 1 + IVZI~,y } 1
1 + 1 1 1 1 1 ► 1 1 401 ► r 1~, 1 1
/ /I } 1 1 1} 1 r / r 1 1 401 1 12+1+ ( 1
4 14
I//j+~7] r 1 + 1 1 1 1 + r, 34r 1 1 1 1,111
l llJ t 1 1 1 1 1 } It 1 1 341
/94 1 1~ 7;77, • ( 1
/ 1 1 1 1 r 1 r J r 1 211 1 1 w 155 X7,21 10314731
/ ~T f 1 1 1 f 1 1 1 • 1 1 s1 1 t 1 Y1 1 ~ 5 1 +
1 1 1 1 ► 1 1 1 ► 1 2+1 1 1 + 1
1 175 01 + IA 1 191 1 2 r 1 2JIi e + - 1 "161! ► e
/ /16
/13/96 S IB 1 1 1 3► 1 5 r , • I 1 1 . 2311 + 4 1 twi: 1 5 r
2 711 r
/ 1 1 1 ~1 1 I 1 lott1 1 ill 1 1 + 33t
1 / 5 t 1 1 + 5 1 1 1 1 1 ` f 1 + I91 1 1 ~Z,541 V 5il1
I yiiyp~/ / f + 01 + I 1 ~I 1 I 1 1617 1 1 0 1 77113 5041
l! 1 1 1 1 f 1 4 It 71 1 1 1 161 1
I 1% % 2 1 2 t ► } i • f 3i 1116 i 111 i ^ a► y 9~ 2361
r 6~ bra 1 01 12133 41
` I/ 210 1 ) p t 3311 S 0
7/I 7
1 + 230t 43473 2 it CIS • 1 11Y 1 H300140 1 x5+23 2301
i / 8 100 00
TOTALS 15004t07+50 0100 15}204119]150 I5120412S2+73 55123 777}540100 7771500100 5x123 IS1200252
I THESE AMOUMIS ARE TO IE KIWAS1E1 IM ZERO CK" IIX WK fills
ATE F,
1983 RESTRUCTURED R STRICTEO ESCR N CE PTS (ELECTRIC)
AtilAUC111K1 KIIRIStI1 tK#011 Afa1111 IM AAIIIAAAI 1111MlIi 11
00111ISI11 ($C NM IKa1111 Kilmull IKAgI Kcutts 09IIAMC1996 KUAII10 ItIpiOM multl7 \Yt.\••..a
\.N•tN.•'4•V\\t•fN1\•\. •,•V\.\ff N\f••1 •Y11 NNNt\\N\ttNtfV V\'1f V.1. •\•\•\.f\MN.YY\ •Yf~M~~ccMqq•"~f\•IH•1\A\`ItVN\..•.f\•VN+Nt•\•\•YMtt•NM1MM.•Y
/1 WIN IIS11
WIN IMII ~lfltltlIi G y~(N'r101 ~~Il ~(Alli ~t1
If I1 UlI1 'MKllt~ 111 1116o `m' I
/ 1 1 16, 1 1 1 f 1 1 I 1 ; I ' 1 1 1
1/ I It 1 1 1 f I f 1 1 1 1 1 r • 1 1 1 r
1 1 I 1 1 f 1 f I I f 1 ~ 1 1 1 1 . ~ i j i
I/ / I I ' 1 1 / 1 I 1 1 1 1 f 1 ~ 1 1
/ 1 1 I I 1 ~ I 1 1 1 1 1 f 1 1 I 1 1 ! 1
1/ ! II 1 1 I 1 1 11 f I 1 I 1 r 1 1 1 1 1 1 If I 1
1
/ ! 1 1 I Ii11 1 I • 1 , It
1/ If 1 , f 1 ~ II 1 1 1 i • i ~ y 1 1111 1 1 1 11 1 1
/ 1 1 1 1 ~ I 1 1 I 1 ! 1 1 1 1 1 I 1 1
11 I 1 II I 1 1 1 1 1 (1 1 I 1 tl !
1 1 1 1 , 1 1
1/ 11 1 i 1 i i 44 1 I f 1 oil
It 1 1 ! 1 , 11 1 (1 11 11 1 it 1 t~ 1 1 II 11
/ 1 1 1 1 1 1 1 1 I I 1 1 1 1 I 1 1
1 / I! 1 1 f 1 1 II t , 11 1 I f l 1 I 1 1 I 1 II 1f 1
I/ 1 1 1 1 1 1 1 f 1 1 , 11 1 1 1 I 1 ,
Ir I't 1
/ / 1 1 1 I I 1 1 1 I 1 1 1 1 1 / 1 1 f 1
I/ 1 If 1 1 ! 1 1 f , I 1 • 1 1 1 t ~ 1 1 1 1 I 1
1 1 1 1 , I I 1 1 ! 1 1 1 1 1 • 1 1 I ,
I/ ! If I 1 I 1 1 7 1 1 1 • I 1 1 1 1 1 • ~ ; 1 i
f I 1 I 1 1 1 f 1 1 I 7 1 1 1 1 • 1
I/ / tl 1 1 1 I 1 1 I r 1 • 7 I 1 , i! 1 • 1 I 1 1
l/! 1 1 I I 1 I , f 1 f 1 1 1 1 1 1 1 1 1
1/ / Ir I I r 1 1 1 1 f 1 • 1 1 I 1 1 1 I 1 1 1
! 1 1 1 1 1 1 I I I I 1 1 1 1 1 1 1 1
1/ / If 1 11 f 1 I 1 I f 1 • t 1 ! 1 f 1 1 1 I 1
/ I , 1 1 1 1 1 ! I 1 / 3 1 1 I 1 ' 1 f
1/ / 1 1 I 1 I 1 , 1 I \ I 1 I I 7 1 I • 1 1 I 1
/ / f 1 1 1 1 1 1 1 I I 1 7 1 1 1 1 ' 1 1
I/ / 1 1 ! 11 1 I 1 f 1 • I I I / 7 1 1 • 1 r 1 1 I
/ 1 , 1 1 I f 1 t l 1 f 1 1 , I 1 1 1 f 1
1! 1 1 1 1 1 7 1 1 f 1 • 1 1 t 1 ~ 1 1 7 f ,
1 1 1 1 1 1 1 1 1 f 1 2 1 1 ' 1 1 / I 1
1!! 1 I 1 1 1 1 1 I I 1 • I 1 1 / 2 1 I : 1 I 1 I 1
/ / 1 1 r 1 1 1 1 1 1 1 1 2 1 t t 1 \ 1 1 1 1
1/ / f 1 1 I 1 1 ► 1 1 1 • f 1 f 1 1 1 1 ~ • 1 1 1 1 1
! / I 1 I 1 , 1 1 1 I 1 I 1 1 1 1 1 ' 21 I 1
1! / 1 1 I 1 1 , ?I I I 1 1 , • I I f 1 1 1 • 1 1
I/ 1 1 1, f, 1 1 1 1 1 1 1 1 1 1 1 '
/ 24 1 I 21 1 , ~f 1 1 1 1 f I 1 1 1 1 • 1 1 I
I/ 1 1 1 1 1 1 1 1 1 t 1 ► , 1 1 1 1 1 I• 1
1/ ! 1 1 1 1 , 1 1 1 1 1 I I 1 , 1 1 r 1 .1 1 I 1
I/ 1 1 1 , 1 1 1 1 1 f I 1 I, 1 1 1 1 I ,
1 1 ! 1 f 1 1 + 1 f 1 1 1 f 1 1 1 1 1 • 1 1 I 1
/ 1 1 1 1 1 I 1 1 1 1 1 1 , 1 , 1 1
1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 f 1
1 / 1 1 1 I I 1 1 1 1 1 1 1 1 I , • I 31 1 1
1u! / 1 1 , 1 1 1 1 / 1 , 1 1 1 , 1 1 1 1 1
21 It 1 t~ 1 1 i 1 11CC1 1 1 1 1 1 1 1 , 1 f 1
212 1 Ii1 I11 11 1 I 1~ 1 1 1 ?111 / 21 ~1411 ?f7 1~ ~1
141At1 444111/14 12IM0211121 2021dINt,/1 ?If?Nr2NIN ?112!117 IIIH11111N 111M12N,N 1f>211i7 2b?1/124131
11111111 A"Ifw1if KA11"110IN ?I"a"six "toKu
PL "TE
CITY OF DENTON, TEXAS
UTILITY SYSTEM REFUNDING BONDS
SERIES 1983
DATED; 3/ 1/83 FIRST CPN DUE; 12/ 1/83
PRINCIPAL! 12/ 1 INTERg$r DUE; 12/ 1
S
YEAR
END THIS $26,280,000 ISSUE
12 31 PRINCIPAL KATE MEREST TOTAL
12/ 1/83 $ 21060,000,00 4,760 S 114311.376,00 $ 3,491,376,00
12/ 1/84 1,736,000,00 64260 1,810',660,00 3,646460.00
12/ 1/86 1,696,000,00 6,760 1,719;662,60 31314,662.50
12/ 1/86 1,670,000,00 66260 1,627,860,00 3097,850,00
12/ 1/87 1,666,000,00 6,600 11629,726.00 31194026,00
12/ 1/88 1,8000000100 6,760 1,4211600,00 3,221,600,00
12/ 1/89 1,8060000,00 7,260 11300,000.00 3,1069000,00
12/ 1/90 1076,000,00 7.760 11169,137,60 2,944,137.60
12/ 1/91 1,126,000.00 8.000 I,0319676,00 2,1669675.00
12/ 1/92 1,140,000,00 8,260 941,67640 2,081,676.00
12/ 1/93 1,100,000.00 84600 847,626.00 11947,526,00
12/ 1/94 1,0669000,00 91600 754,026,00 19819,025.00
12/ 1/95 1,0801000,00 94600 662,860400 1,732,850.00
12/ 1/96 10006,000,00 91500 6609250,00 19565,250.00
12/ 1/97 840,000.00 91600 464,775,00 1,294,775,00
12/ 1/98 840,000,00 91600 374,976.00 1,214,975.00
12/ 1/99 560,000.00 90600 295,175,00 846,176,00
12/ 1/ 0 260,000.00 91600 242,926,00 492,926,00
12/ 1/ 1 220,000,00 90600 219,176,00 4399176.00
12/ 1/ 2 260,000,00 9,626 198,276.00 448,275,00
12/ 1/ 3 260,000.00 9,625 174,212,60 434,212.50
12/ 1/ 4 270,000,00 9.625 1499187,50 419087,60
12/ 1/ 5 326000,00 91626 123,200.00 448,200,00
12/ 1/ 6 3369000400 9.625 91,918,75 426,918,75
12/ 1/ 7 620,000,00 9.626 69,676.00 679,676,00
TOTAL $ 260280,000.00 $ 19,171,093,75 $ 44,451093.75
' 1 1
i 1
1 1 1
ETH M = I WX STI YSL PRQPOSO
PI,i1~ix H
Proposed loisi Cash Row
Existing Ne6undin@ From Ewroency Not DOW
Vii' obi gr+~4cg ^ _Ogba, tlr - -,~ifferenca and _.,QbllyatiQr~
l 121 1/83 218810401,00 3,097,391,05 -216,990106 16,666167 •199,323.38
2 12/ 1/84 3,146,760,60 3,246,663,39 -981902,89 26,000.00 -73,902.89
3 121 1/66 2,890,176100 3,014,401 60 124,316,60 26,000.00 -99,316,60
4 12/ 1/86 2,774,810.50 21897,194.90 •122,604140 26,000.00 -91,684140
6 121 1/87 2,768,800,60 21893,631.28 -124,730.66 26,000.00 •99,730168
6 12/ 1/88 2,798,468.60 2,919,898,96 -121,430,46 26,000,00 -96,430146
7 12/ 1/89 2,681,759,10 2,803,081.20 -121,322.lr 26,000.00 -96,322.10
8 121 1/90 2,616,888,00 2,642,033,20 -126,148,2! 26,000.00 -100,146.20
9 12/ 1/91 1,732,633.60 1,864,417,78 -121,784,',8 25,000,00 •96,784.28
10 12/ x/92 11666,690110 11779,466.78 -122,866.68 26,000.00 -97,865,68
11 121 1/93 1,619,639.10 1,646,512.32 -126,873.22 26,000.00 -100,873.22
12 12/ 1/94 1,396,613,10 1,617,166.64 •121,643.44 26,000.00 -96,643,44
13 12/ 1195 11307,676.50 1,431,148.30 -123,472.80 25,000100 -98,472.80
14 12/ 1/96 1,132,124.60 1,263,746.38 -121,620.88 260000,00 -96,620.88
16 12/ 1/97 872,427.10 993,463.22 -121,036.12 26,000.00 -96,036.12
16 121 1/98 793,101,60 913,816,60 -120,714.90 25,000.00 -95,714.90
17 12/ 1/99 422,938,60 544,188.94 -1211260.34 26,000.00 -96,260.34
18 12/ 1/ 0 -600,788,90 192,104,70 -692,893.60 25,000.00 -667,893.60
19 121 1/ 1 11,812.60 138,641,34 -120,734.84 26,000.00 -96,734184
20 121 1/ 2 26,284,00 147,766166 -122,481.66 26,000.00 -97,481.66
21 121 1/ 3 91996.00 134,816134 .124,820.34 25,000.00 -99,820.34
22 12/ 1/ 4 -6,292,00 119,813.18 -126,106118 26,000.00 -100,105,18
23 12/ 1/ 6 22,920,00 148,844.64 -125,924,64 26,000,00 •100,924.64
24 12/ 1/ 6 6,384,00 127,686.79 -122,202.79 26,000,00 -97,202.79
26 12/ 1/ 7 -3,008,669,40 •2,887,434.40 -121,136.00 276,000.001 163,866.00
29,868,162160 33,668,234.29 -31710,081179 866,666.67 -2,843,416,12
aw
} Tabis No,..8.3.",1R...~..,.Maximum Intst" Rtes Payable M Un1ud Steal
Tromry Cordfloom of indsbadnas, Now and Sonds -
Stats and Looasl Govemmmt Sabrhs Subscribed for
During Perlod-b=t 71 125A through Mk=h 1L ...al.-.r.....,
This table of maximum Interest rata is issued purmnt to Department circular, Public bebt Sorb No, S•72, cvrnm re,rlsWn, Wh
patiftote, note or bond lowed based on subsolpt4m reotrlwd dufing the period cawed by this table wall beer such rate of lntoreart
as the government body may designate, provided that it shall not be mom than the avarrent TreaOxy rate on a pomparaWe nuturlty re-
dual by on"Ighth of 1 pervert as shown in this table, For maturities falling botwNn the rruturttla shown herein, the applitlble rote
will be detwmined by interpolation of the rates for the maturiths Immodlately preceding and folldwing the desired matvrlty, The $a,
curltim may be rsdoemed at the owner's option on ono weok's notice after 46 days frpm Issue Of" In the case of a;e RIcates, and utter
one year from the love date In the use 01 Hotel and bonds, Where redemptlon prior to maturity occurs, the InterMt for the entire
period shall be ocl)usted In accordance with terms of the offering circular In effect at time of Issue,
Popta rAGN RATU FAYAMLE COO MATtJRtTiaa OF
Yee. Mee Rabat Yrs. Ma. Rea Yea. M oo. Rqe Ym Mee. Re" Y$. Meer ft" Yen. MM. Rep
1% 7.E6 3- b 9► 4d 4--, 9 . d 10- 1 0. 1 .13~ 6 10.2 1x11- 9 a 10.
2 S o OO 3- 6 9. 50 a3- 10 9* tad 10~- 2 10.1 7 13- a 10.2 4 18- 1 o i 10.40
10-• 3 10* 1 7 13.. 7 10o29 103- 11 ! 1 0.40
3 d 906 3..: 7 9051 6-. 11 9. W'
4 IL 13 ' 3- 8 9. 53 7- 9.89 10- 4 .10. 16 13., a 10629 17- 1 10.40
5 d.20 3- 9 9.'34 7- 1 9.90 10- S 10. 18 13- p 10629 17,; 1 t 1 0.41
6 o.26 3- 10 ' 9#56 7- 2 9. 91 10- 6 10* 19 13. 10 10.30 17- '21 10.41
7 . d ► 30 3- 11 9.57 7- 3 9.92 10- 7 10'0 'I 9 13- 11 10.30 17- 3 ; 10.41
8 d. 33 4- 9 ► 5d 7- 4 9► R3 10- a 10. 19 44., 10.30 17- 4 10.41.
9 , 0.30 4- 1 9.6 9 7.. S. 9093 i 10- 9 10* 19 14- 1 10 .31 17- S 10.42
10 4.3Y 4_ 2 i 9.60 7-- 6 9.94 110- 10 10020 14- 2 1 10 i 3 l 17- e j '100420
11 4.6+3 4- 3 9.62 7- 7 9,95 ' 10- 11 10.20 14- 3 10.31 17- 7; 10.43
,4.47 4.. 4 ~ 9,63 7- 8 9.96 a 11,. 10.20 14- 4 Y0.31 17- 81 10.43
1••• 1 ! d. 04' 4- S 9.63 ' 7w 9 9.97 11„. 1 10o2 l 14- S 10.32 17_ 8 ~ 10.4,3
1-- 2 t3.62 4- 6 9.64 7- 10' 9.98 11.. 2 10.21 14- 6 10.32 117- 1o' 10.44
1.:. 3 d, 71 4- 7 9.65 7. 11 9# W 11- 3 10.21 14.,, 7 10.32 37- 11 10.44
1~ 4 d. 78 4- 8 9.66 8- 4. 99 ' 11- 4 f 0. 22 14- 8 10932 18- 10.43
66 4- 9 9.67 a.. 1 10.00 11. 6 10.22 14- p 10.33 X18..' 1 10444
1_ 8 I 8. Q 4- 1o 9.68 8_. 2 10.00 11- 6 10.22 14-• 10 10,33 18- 2 10. 44
1- 7 d. YU 4- 11 9.68 8- 3 10601 11- 7 10.22 14- 11 10.34 18- 3 10.44
1•• a 9603 S. 9. 70 iii,•- 4 10.02 11 ~ a .10. 22 16~ 10 p 34 IS. 411 10.45
1~ 9 9►Od 8:= 1 9.70 ar s 10.03 11- 9 10.23 16- 1 .10.34 18- 6 10.45
1-- 1o .0012 6- 2 , 9. 71 8- $ 10.04 11- 10 10.23 18.. 2 10.34 18= 6 , 10.45
1;- 11 4. 16 6- 3 1 "Y * 72 ~ 7 10o04 11- 11 10.23 15.. 3 10.35 1s, 71 10.46
2- 4.16 6. 4 9.73 8r a 10.06 12- 10.24 16- 4 10.35 16., a 10.46
2.- 1 q . 21 s. 6 ! (4.73 a- 9 10.06 12- 1 -10,24 15-• 6 10.3 5 16- p 10.46
2= 2 9.23 6- 11 11 ~9► 74 8- 10 10.07 12- 2 J 0.24 1s- 6 10.35 is. 1o # 10.46
2- 3 14 0 2! 6- 7 1 U.7 5 9- 11 10o 08 12- 3 10.24. 16- 7 10.35 1$- 11 1 10.47
2- 4 , 9.27 5-r a 9o76 9r 10.09 12r 4 10.25 116- 8 10.36 19- 10.47
2--' 6 X1.29 6- 9 f 9.77 9" 1 ' 10.09 12- 6 10.25 16-- 9 10636 19- 1 ~ 10.47
2- 8 9.31 6-= 10 q. 77 e- 2 t 0. 10 17- 6 10.23 16- 10 10.37 tp- 2 i 10..48
2- 7 V, 32 ' 6- 11 9. 78 9=- 3 10. 11 12- 7 1 0.25 1s-' 11 10437 19- 3 1 10.48
2-1 a 9.34 G-4 9.79 9- 4 10, 11 12- a 10.26 16- 10.37 19- 4 10.48
?~i 9 4,36 S= 1 f 4080 9- 6 10.12 12- 9 10,26 16- 1 10.37 19-- s 1 10.48
2- 10 q.37 6- 2 9, 6 1 9-r 6 10613 12- 10 104.27 16- 2 10.313 19-. 6~ 1 0.4 9
I1 9.39. 6- 3 4.81 ar, 7 10. 14 12- 11 10.27 16- 3 10.38 19- 7 10.49
q, 40 a1~ 4 9. d2 8 10, 14 13- 10.27 16- 4 10.38 1p.. s ; 10649
,2•_ 1 J.42 6- s 9.,33 9- 9 10.15 t3- 1 10.27 18r 6 10.39 19- 9. 10.50
3- 2 Y. 44 6- 6 P. d4 9- 10 10. 15 13. 2 10.2d 16- 6 10.3 9 19,- 10 ! 10650
3- 3 q. 46 6- 7 1 v l' 85 9-- 11 1 0. 15 13r 3 10.2 8 103:- 7 10.39 19, 11 1 0, 5 0
3..' 4 y, 41. S. 8 9..dk 10- 10._16 13» 4 1 0.2d 16- a; 10.39 20- 10.51
+ f
$1.~~~, QOO
01'h ' OF DE11TON , TEXAS
WATER AND SEWER REVENUE BONDS
SERIES 1960
DATED: 7/18/82 F'IRST'CPN DUE: 1/16/83
PRINCIPAL. DUE: 7/16 INTEREST DUE: 1/16 & 7/1$
YEAR 4
END TH $ 7 0 00 ISSUE +
9 30
1983 $ 76,000 41000 S 290200 S 04400
1984 80,000 4 000 26400 1060200
1986 85,000 40000 23,000 108,000
1986 90,000 4 000 19,600 f 109,600
1987 96,000 4,000 16,000 X1110000
1988 i00,000 4 000 12,200 112,200
1989 100,000 4,000 81200 108,200
1990 105,000 44000 4,200 109,200
$ 730,000 $ 138,600 S 868,600
' I
5390,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1962
DATED; 7/16/82 FIRST CPN DUE 1/16/83
PRINCIPAL DUE: 7/16 INTEREST DUE= 1/ 5 & 7/16
YEAR
END THIS s 390 000 ISSUE
_j/30
1983 S 4$,400 3 360 $ 13,296 S 68,295
1984 45,000 3,360 11,788 66,788
1985 45,000 3 440 10,280 56,280
1986 4$,000 3,400 8,760 63,760
1987 $0,000 3,400 7,220 67,220
1988 50,000 3 460 6,520 559520
1989 $5,000 3o450 3,795 68,795
1990 66,000 3,450 11898 56,898
$ 390,000 $ 62,546 S 452,546
1
I . s2o,oo0
CITY OF DENTON, TEXAS
.WATER AND SEWER SYSTEM REVENUC BONDS
SERIES 1964
DATED: 7/16/82 FIRST CPN OU6 1/16/83
PRINCIPAL, OUEi 7/15 INTEREST DUE: 1/16 b 7/15
YEAR
END TH S 20,000 ISSUE
9/30 PRINCIPAL k 1) INTERUT TOTAL
1983 S 10,000 31400 S 680 S 10,344
1984 10,000 31400 340
$ 20,000 $ 16020 S 21,020
$200,000
CIT" OF DENTON* TEXAS ;
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1966
DATED: 7/16/82 FIRST CPN DUE; 1/18/83
PRINCIPAL DUE: 7/15 INTEREST WEI 1/16 & 7/15
YEAR
END THIS S 200,000 ISSUE
,-9/30 -
1953 $ 60,000 3,600 5 70000 $ 67,000
IRA 50 000 3,500 5,250 1, 56,250
1985 509000 30500 3,500 53,600
1986 50,000 3.500 11150 51,750
S 200,000 $ 17,SOO S 217,500
$370,000
CITY OF OENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1969
DATED; 7/15/82 FIRST CPN DU6: 1/15/83
PRINCIPAL. DUE: 7/15 INTEREST DUE: 1/16 & 7/15
YEAR -
END THIS $ 370 000 ISSUE
9/30
1983 S $0,000 64100 S 18,670 $ 78,670
1984 600000 50100 150610 ` 76,610
1985 50,000 6,200 120550 62,550
1986 60,000 5,250 90950 $9,950
1987 500000 50300 71325 57,325
1988 50,000 6.350 41675 64,675
1989 '10,000 4.000 2,000 52,000
S 370,000 S 70,780 S 440,780
$970,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1972
DATED; 7/16/82 FIRST CPN DUE: 1/15/83
PRINCIPAL, DUE: 7/15 INTEREST DUE: 1/15 b 7/16
YEAR
END THIS $ 970,000 ISSUE
9
1983 $ 80,000 4,600 S 46,600 S 1260600
1984 80,000 4.700 42,820 122,820
198$ 90,000 4.800 390060 90060
1986 90,000 44900 34,740 124,740
1987 90,000 5.000 30,330 1200330
1988 90,000 6.100 25,830 116,830
1989 90,000 6.160 21,240 111,240
1990 90,000 50200 160605 106,606
1991 900000 5.250 11,926 101025
1992 90,000 4.000 7,200 97,12.00
1993 909000 4.000 31600 93,600
S 970,000 $ 279,850 S 1,249,850
I
51,626,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1974
DATED; 7/15/82 FIRST CPN DUE: 1/15/83
PRINCIPAL, Lx1E: 7/15 INTEREST DUE; 1/15 & 7/15 `
YEAR
END THIS S 1 525 000 ISSUE :
9/30 PRINCIPAL RATE~;) INTERES]
r
1983 S 760000 6.6 0 $ 91,600 S 166,600
1984 75,000 6,600 87,400 162,400
1985 76,000 5,600 83,200 1580200
1986 1OOjuOo 64600 79,000 179,000
1987 100,000 60800 73,400 173,400
1988 100,000 51800 67,600 167,600
1989 1000000 6 *000 61,800 1610800
1990 100,000 6.000 650800 155:,800
1991 1000000 60200 49,800 149,800
1992 100,000 6,200 43,600 143,600
1993 100,000 60200 37,400 1379400
1994 100,000 64200 31,200 131,200
1995 100,000 6,260 26,000 125,000
1996 1000000 6,250 18,760 118,750
1997 100,000 6,250 12,500 112,600
1998 100,000 6 250 60260 106,250
S 115250000 $ 824,300 5 2,349,300
,
$460,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1977
OATEDi 7/16/82 FIRST CPN DUET 1/16/83
PRINCIPAL OUEs 7/1 INTEREST DUE. 1/15 & 7/15
f
YEAR ?
9/30 THIS $ 450 0 A ISSUE
TOTAL
1
1983 $ 260000 6 000 S 220150 S 47,160
1984 260000 MOO 200900 46,900
1986 $0,000 4,600 19,775 69,775
1986 60,000 4,700 17,475 67,475
1987 50,000 4,800 16,125 65,125
1986 500000 4,900 12,725 62,725
1989 500000 54000 10,275 60,275
1990 600000 50100 1,775 57,775
1991 50,000 6,200 5,225 55,225
1992 50,000 6,260 20626 520625
S 4$0,000 S 134,050 S 584,050
r
53,800,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1979
DATED; 7/16/82 FIRST CPN DU6: 1/16/83
PRINCIPAL DUE; 7/15 INTEREST DUE: 1/1$ 6 7/15
YEAR
END THI S $8O0 O00 ISSUE
9/30 PRINCIPAL KATE(%) INTERUT TOTAL
1983 $ 100,000 6 750 $ 218,363 $ (318,363
1984 100,000 6.760 211,613 13110613
1985 2250000 64150 204,863 429,863
1986 225,000 6,150 189,675 414,675
1987 226,000 60750 174,488 $99,488
1988 225,000 6,600 169,300 384,300
1989 2250000 5.300 144,460 369,450
1990 2260000 5,300 132,625 357;,525
1991 2250000 56300 1200600 345,600
1992 225,000 6,400 108,676 333;676
1993 226,000 5,400 96,525 321,525
1994 225,000 6,400 84,375 309,375
1995 225,000 54500 72,225 297,225
19% 225,000 6 600 59,850 284,850
1997 225,000 5.760 47,250 272,250
1998 226,000 6.760 34,313 2590313
1999 225,000 4,750 21,375 246,375
2000 226,000 4.750 100688 235,688
$ 3,800,000 $ 2,091,153 $ 5,8911153
51,500,000
CITY OF OENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1982
DATED; 7/15/82 FIRST CPN DUE; 1/15/83
PRINCIPAL DUE; 7/15 INTEREST DUEL 1/15 & 7/157
1
YEAR
END TH S l 500 000 ISSUE
9 $0 MTERUT ]VIAL'
1983 S 60,000 134000 S 1890138 S 249',138
1984 100,000 13 000 1810336 281,338
1985 1680338 168,338
1986 168,338 x168,338
1987 75,000 13 000 168,338 243,336
1988 75,000 134000 158,588 233$88
1989 75,000 13,000 148,838 223,838
1990 75,000 13,000 139,088 214,088
1991 900000 13.000 129,338 219,338
1992 100,000 13,000 117,638 217,638
1993 100,000 124200 104,638 204,638
1994 1$0,000 12.400 92,438 242,438
1995 1500000 124500 73,838 223,838
1996 150,000 12.700 55,088 205,088
1997 1500000 12,900 36,038 186,038
1998 1500000 116125 16,688 166,688
S 1,500,000 $ 11947,708 5 3,447,708
519,2S5,4A0
CITY OF DENTON TEXAS
ELECTRIC SYSTEM REFUNDING
REVENUE BONDS
SERIES 1978
,
j f
DATED; 6/ 1/82 FIRST CPN DUE12/ 1/82
PRINCIPAL DUE; 12/ 1 INTEREST DUE; 12/ 1 6/ 1
YEAR
END THIS S 19,255,000 ISSUE
9/30 .P;TWCTM~'- RATLLL) IRT T--TOT LL
1983 $ $ 1,036,145 $ ~ 036,145
1984 1,036,145 1,0361145
1985 11036,145 1,036,145
1986 855,000 4,600 110169480 11871,480
1987 1,13$,000 44700 970,143 2,1059143
1988 1,165,000 4,800 915$10 2,0800610
1989 1,204,400 4,900 8580150 20058,150
1990 10200,000 5,000 798,750 1,998,,750
1991 11200,000 50050 738,450 1,938,450
1992 6009000 6,100 692,850 1,292,850
1993 600,000 5,160 662,100 1,262,100
1994 600,000 60200 631,050 1,231,050
1995 600,000 5,200 5990850 101999850
1996 600,000 5,250 668,500 1,168,500
1997 5001000 5,250 539,625 I,039,625
1998 300,000 5,850 5179725 $17,725
1999 300,000 5,850 500,175 800,175
2000 250,000 5,850 484,088 734,088
2001 275,000 5,850 468,731 743,731
2002 275,000 5,850 452,644 727,644
2003 304,000 5,850 4359825 735,825
2004 300,000 5.850 418,275 718,275
2005 300,000 5,850 400,725 700,725
2006 3509000 5,850 381,713 731,713
2007 350,000 5.850 361,236 711,238
2008 6,000,000 5,850 175,500 6,175,50A
I$ 19,2551000 $ 16,696,532 S 35,951,532
$3,000,000
CITY OF DENTON, TEXAS
ELECTRIC SYSTEM REVENUE BONDS ;
SERIES 1982
DATED; 4/ 1/82 FIRST CPN DUE; 12/ 1/82
PRINCIPAL DUE: 12/ 1 INTEREST DUE: 12/ll 6/ 1
YEAR
END THIS $ 3,000,000 ISSUE
L
PkINCIPA 30
1983 S $ 427,365 S .427,365 84
O00 2 1985 15;000 13,000 51,875 x,426,875
1986 75,000 13 000 342,125 417,125
1987 75,000 13.000 332,375 407,375
1988 100,000 13 000 321,000 421,000
1989 200,000 13.000 301,500 501,600
1990 200,000 1MOD 2759600 4759500
1991 2000000 120500 2500000 450,000
1992 200,000 11,250 226,250 426',250
1993 2009000 11,600 203,500 403,500
' 1994 200,000 114760 1800250 380,250
1995 200,000 120000 1560500 356,500
1996 200,000 12.260 1320260 332,250
1997 200,000 124600 107,500 307,500
1998 200,000 124750 82,250 282,260
1999 200,000 12.750 56,750 256,750
2000 2000000 114000 33,000 233,000
2001 200,000 11,000 119000 211,000
S 3,000,000 $ 41152,521 S 71152,521
CERTIFICAT CIS AUTHENTICITY
5
THIS IS TO CEPTIFY that the mitrophol (}g010%83 ppouinti on this FIIM•frlle
CITY COUNCIL AGENDA PACKET
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CITY COUNCIL. AGENDA PACKET "
Indlnq with aro
CITY OF DENTON
otcywo end complete mproducllons of the records of (Company and peplo).»......------•
CITY SECRETARY ..as dollvor*J In the roquier s►Yne of
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Arlington, 'Texas 76010