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Somerville

GO Bonds Ser 2021

$1,280,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
August 10, 2021
Fiscal year issued
2021
Par amount
$1,500,000
New money / refunding
$1,500,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
Water and sewer
Sale
Private placement
Final maturity
August 15, 2036

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$1,280,000$145,290$1,425,290
2024$1,335,000$168,041$1,503,041
2023$1,390,000$191,748$1,581,748
2022$1,445,000$216,413$1,661,413
2021$1,500,000$242,397$1,742,397

Costs of issuance

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One-time costs reported: $40,500, or $27.00 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Attorney General reviewNot reportedOne time$1,500.00$1.00
Bond application reportMunicipal Advisory Council (MAC) of TexasOne time$550.00$0.37
Bond counselBickerstaff Heath Delgado Acosta LLPOne time$15,500.00$10.33
Financial advisorSpecialized Public Finance IncOne time$18,950.00$12.63
Private placementFHN FinancialOne time$4,000.00$2.67

Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 4, 2026.

Texas fiscal years run September 1 to August 31.

Figures are as reported to the agency and have not been independently verified.