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<br /> CITY OF LA PORTE, TEXAS
<br /> Notes to the Financial Statements
<br /> September 30,2008
<br />5. Long Term Liabilities
<br /> At September 3D, 2008 bonds payable consisted of the following individual issues:
<br /> Governmental Business-type
<br /> . 1998 General Obligation Serial Bonds $ 1,375,000 $
<br /> due in annual installments of $125,000
<br /> through March 15, 2019; interest at 4.25% to 6.25%
<br /> $2,500,000 issued for street and drainage improvements.
<br /> . 1998 Waterworks and Sewer System Revenue Bonds 125,000
<br /> due in annual installments of $125,000
<br /> through March 15, 2009; interest at 4.35% to 6.2%
<br /> $1,250,000 issued for water and sewer improvements.
<br /> . 1999 La Porte Area Water Authority Contract Revenue Refunding Bonds 5,110,000
<br /> due in annual payments through March 15, 2017; interest at 7% to 7.5%
<br /> $8,080,000 issed to refund previous debt.
<br /> . 2000 General Obligation Serial Bonds 2,050,000
<br /> due in annual installments of $150,000 through March 15, 2010,
<br /> changing to $175,000 through March 15, 2020; interest at 5% to 7%
<br /> $3,250,000 issued for city hall, fire station and pool improvements.
<br /> . 2000 Certificates of Obligation 1,800,000
<br /> due in annual installments of $150,000
<br /> through March 15, 2020; interest at 5% to 7%
<br /> $3,000,000 issed to construct a public library
<br /> . 2002 Limited Tax Bonds 4,590,000
<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.
<br /> . 2004 Certificates of Obligation 6,370,000
<br /> due in annual payments 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.
<br /> . 2005 General Obligation Serial Bonds 6,895,000
<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.
<br /> . 2005 Certificates of Obligation 1,610,000
<br /> due in annual payments through March 15, 2015; interest at 2.8% to 3.8%
<br /> $7,000,000 issued for water and sewer improvements and fire truck.
<br /> . 2006 Public Property Finance Contractual Obligation 2,100,000
<br /> due in annual payments through January 25,2016; interest at 3.74%
<br /> $2,625,000 issued for automated meter replacement program.
<br /> . 2006 General Obligation Serial Bonds 1,155,000
<br /> due in annual payments through March 15, 2005; interest at 3.625% to 4.25%
<br /> $1,2000,000 issued for park improvments.
<br /> . 2006 Certificates of Obligation 5,550,000
<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
<br /> . 2007 Certificates of Obligation 7,935,000
<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.
<br /> Total Bonds Payable $ 39,330,000 $ 7,335,000
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