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CITY OF LA PORTE, TEXAS
<br /> Notes to the Financial Statements
<br /> September 30, 2010
<br /> 5. Long Term Liabilities
<br /> At September 30, 2010 bonds payable consisted of the following individual issues:
<br /> Govemmental Business -type
<br /> • 2002 Limited Tax Bonds $ 4,050,000 $ -
<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 5,890,000 -
<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 6,310,000 -
<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 1,475,000 -
<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.
<br /> • 2006 Public Property Finance Contractual Obligation - 1,575,000
<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 1,060,000 -
<br /> due in annual payments through March 15, 2005; interest at 3.625% to 4.25%
<br /> $1,200,000 issued for park improvments.
<br /> • 2006 Certificates of Obligation 5,095,000 -
<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 7,625,000 -
<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 /> • 2010 Certificates of Obligation 6,265,000 -
<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
<br /> • 2010 General Obligation Refunding Bonds 4,295,000 -
<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.
<br /> • 2010 LPAWA Contract Revenue Refunding Bonds - 4,085,000
<br /> due in annual payments through March 15, 2017; interest at 2.50% to 4.00%
<br /> $4,085,000 issued to refund debt.
<br /> Total Bonds Payable $ 42,065,000 $ 5,660,000
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