Spec Assessment Rev Ref Bonds Ser 2020 (The Lakes at Mustang Ranch PID Phase 1 Proj)

$6,584,000 of principal outstanding at the end of fiscal year 2025.

Terms

Principal, interest and debt service outstanding at each reporting date
Fiscal year	Principal	Interest	Total debt service
2025	$6,584,000	$1,656,146	$8,240,146
2024	$6,879,000	$1,871,064	$8,750,064
2023	$7,159,000	$2,097,481	$9,256,481
2022	$7,464,000	$2,351,896	$9,815,896
2021	$7,750,000	$2,614,141	$10,364,141

One-time costs reported: $617,212, or $79.64 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
Cost	Paid to	Type	Amount	Per $1,000
Attorney General review	Not reported	One time	$7,750.00	$1.00
Bond counsel	Norton Rose Fulbright US LLP	One time	$155,000.00	$20.00
Contingency	Not reported	One time	$5,000.00	$0.65
Financial advisor	Hilltop Securities Inc	One time	$155,000.00	$20.00
Issuer counsel	Messer Rockefeller & Fort PLLC	One time	$15,000.00	$1.94
Other costs	MuniCap Inc	One time	$20,000.00	$2.58
Printing	ImageMaster LLC	One time	$2,500.00	$0.32
Rating agency	S&P	One time	$15,912.00	$2.05
Underwriter's spread: expenses	Not reported	One time	$5,000.00	$0.65
Underwriter's spread: takedown	Not reported	One time	$150,000.00	$19.35
Trustee	US Bank	One time	$6,050.00	$0.78
Trustee counsel	McCall Parkhurst & Horton LLP	One time	$2,500.00	$0.32
Underwriter's counsel (paid by the underwriter)	Winstead PC	One time	$77,500.00	$10.00

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 3, 2026.

Texas fiscal years run September 1 to August 31.

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