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Somerset Hills Road District 3

Unl Tax Road Bonds Txbl Ser 2024

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

Terms

Closing date
September 19, 2024
Fiscal year issued
2025
Par amount
$1,315,000
New money / refunding
$1,315,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
Transportation
Sale
Negotiated
Final maturity
August 15, 2049

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$1,036,500$2,316,500

Costs of issuance

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One-time costs reported: $97,190, or $73.91 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$1,315.00$1.00
Bond counselMcCall Parkhurst & Horton LLPOne time$25,000.00$19.01
Bond counsel expenseMcCall Parkhurst & Horton LLPOne time$1,250.00$0.95
Bond insuranceBuild America Mutual (BAM) Assurance CoOne time$21,740.93$16.53
Bond preparation feeMcCall Parkhurst & Horton LLPOne time$250.00$0.19
Financial advisorSpecialized Public Finance IncOne time$25,000.00$19.01
IRS form8038filing feeMcCall Parkhurst & Horton LLPOne time$750.00$0.57
Underwriter's spread: management fee (paid by the underwriter)SAMCO Capital Markets IncOne time$1,643.75$1.25
Other costsSpecialized Public Finance IncOne time$250.00$0.19
OS preparationSpecialized Public Finance IncOne time$2,500.00$1.90
Paying agent and registrarBOKF NAAnnual$400.00$0.30
Pos os postingIpreo LLCOne time$1,200.00$0.91
Underwriter's spread: expenses (paid by the underwriter)SAMCO Capital Markets IncOne time$3,715.61$2.83
Underwriter's spread: takedown (paid by the underwriter)SAMCO Capital Markets IncOne time$6,575.00$5.00
Underwriter's counsel (paid by the underwriter)Orrick Herrington & Sutcliffe LLPOne time$6,000.00$4.56

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.