Spec Assessment Rev Bonds Ser 2024 (Heritage PID Impr Area 2 Proj)
$6,873,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- October 16, 2024
- Fiscal year issued
- 2025
- Par amount
- $6,873,000
- New money / refunding
- $6,873,000 / $0
- Pledge
- Revenue
- Purpose
- Water and sewer
- Sale
- Negotiated
- Final maturity
- March 1, 2055
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service |
|---|---|---|---|
| 2025 | $6,873,000 | $6,666,908 | $13,539,908 |
Costs of issuance
Download CSVOne-time costs reported: $596,826, or $86.84 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $6,873.00 | $1.00 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $137,460.00 | $20.00 |
| Bond counsel expense | McCall Parkhurst & Horton LLP | One time | $2,700.00 | $0.39 |
| Contingency | Not reported | One time | $3,418.25 | $0.50 |
| Financial advisor | Hilltop Securities Inc | One time | $162,710.00 | $23.67 |
| Other costs | Bojorquez Law Firm PC | One time | $20,000.00 | $2.91 |
| Other costs | City of Dripping Springs | One time | $25,000.00 | $3.64 |
| Other costs | MI Homes of Austin LLC | One time | $7,500.00 | $1.09 |
| Newspaper publication | McCall Parkhurst & Horton LLP | One time | $381.00 | $0.06 |
| PID administrator | P3Works LLC | One time | $8,343.77 | $1.21 |
| Pos os posting | ImageMaster LLC | One time | $2,250.00 | $0.33 |
| Printing | Hilltop Securities Inc | One time | $3,500.00 | $0.51 |
| Underwriter's spread: expenses | FMSbonds Inc | One time | $2,700.00 | $0.39 |
| Underwriter's spread: takedown | FMSbonds Inc | One time | $134,760.00 | $19.61 |
| Trustee | Wilmington Trust NA | Annual | $4,500.00 | $0.65 |
| Trustee | Wilmington Trust NA | One time | $2,500.00 | $0.36 |
| Trustee counsel | Naman Howell Smith & Lee PLLC | One time | $8,000.00 | $1.16 |
| Underwriter's counsel | Orrick Herrington & Sutcliffe LLP | One time | $68,730.00 | $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.