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CITY OF LA PORTE, TEXAS
<br />NOTES TO THE FINANCIAL STATEMENTS (continued)
<br />Note 6 - Long-Term Debt (continued)
<br />The following is a summary of the terms of obligations, general obligation bonds, certificates of
<br />September 30, 2012
<br />obligations and revenue bonds outstanding as of :
<br />Governmental Business-type
<br />2002 Limited Tax Bonds
<br />due in annual installments of $270,000
<br />through March 15,2025; interest at 4.25% to 5%; $5,400,000
<br />issued for wastewater treatment plant and fire station improvements.1,620,000$ -$
<br />2004 Certificates of Obligation
<br />due in annual installments through March 15, 2025; interest at 3.6% to 4.45%
<br />$7,000,000 issued for paving and drainage improvements, street extension
<br />and land acquisition.1,625,000 -
<br />2005 General Obligation Serial Bonds
<br />due in annual payments through March 15, 2025; interest at 3.75% to 4.25%
<br />$7,675,000 issued to construct a police facility.3,125,000 -
<br />2005 Certificates of Obligation
<br />due in annual payments through March 15, 2015; interest at 2.8% to 3.8%
<br />$1,800,000 issued for water and sewer improvements and fire truck.725,000 -
<br />2006 Public Property Finance contractual Obligation
<br />due in annual payments through January 25,2016; interest at 3.74%
<br />$2,625,000 issued for automated meter replacement program.- 1,050,000
<br />2006 General Obligation Serial Bonds
<br />due in annual payments through March 15, 2025; interest at 3.625% to 4.25%
<br />$1,200,000 issued for park improvements.960,000 -
<br />2006 Certificates of Obligation
<br />due in annual payments through March 15, 2025; interest at 3.75% to 4.3%
<br />$5,765,000 issued for police facility, sports and water and sewer improvements.4,605,000 -
<br />2007 Certificates of Obligation
<br />due in annual payments through March 15, 2029; interest at 4.00% to 4.25%
<br />$8,075,000 issued for wastewater treatment plant improvements, sports
<br />complex and golf cart path improvements.7,255,000 -
<br />2010 Certificates of Obligation
<br />due in annual payments through March 15, 2026; interest at 3.00% to 4.00%
<br />$6,265,000 issued for street, drainage and park improvements.5,940,000 -
<br />2010 General Obligation Refunding Bonds
<br />due in annual payments through March 15, 2020; interest at 2.00% to 4.00%
<br />$4,295,000 issued to refund previous debt.3,530,000 -
<br />2010 LPAWA Contract Revenue Refunding Bonds
<br />due in annual payments through March 15, 2017; interest at 2.50% to 4.00%
<br />$4,085,000 issued to refund previous debt.- 2,895,000
<br />2012 General Obligation Refunding Bonds
<br />due in annual payments through March 15, 2025; interest at 2.00% to 3.00%
<br />$9,435,000 issued to refund previous debt.9,435,000
<br />Total Bonds Payable
<br />$ 3,945,00038,820,000$
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