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Morton Road MUD

Unl Tax Bonds Ser 2024

$5,750,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
December 19, 2024
Fiscal year issued
2025
Par amount
$5,750,000
New money / refunding
$5,750,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
Water and sewer
Sale
Competitive
Final maturity
March 1, 2055

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$5,750,000$4,608,861$10,358,861

Costs of issuance

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One-time costs reported: $519,084, or $90.28 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Advertising notice of saleHouston ChronicleOne time$2,488.04$0.43
Aerial photograherAerial ImagingOne time$700.00$0.12
Attorney General reviewNot reportedOne time$5,750.00$1.00
Bond application reportSander Engineering CorpOne time$55,000.00$9.57
Bond counselSchwartz Page & Harding LLPOne time$183,500.00$31.91
Bond insurance (paid by the underwriter)Assured Guaranty IncOne time$6,270.00$1.09
Bond insurance (paid by the underwriter)Assured Guaranty IncOne time$20,525.00$3.57
BookkeeperClaudia Redden & Associates LLCOne time$1,500.00$0.26
Disclosure counselMcCall Parkhurst & Horton LLPOne time$8,500.00$1.48
Financial advisorRathmann & Associates LPOne time$115,000.00$20.00
House photographyMUD Photo ServiceOne time$750.00$0.13
Underwriter's spread: management feeNot reportedOne time$7,187.50$1.25
Other costsTexas Commission on Environmental Quality (TCEQ)One time$500.00$0.09
Paying agent and registrarBank of New York Mellon Trust CoAnnual$750.00$0.13
Pos os postingIpreo LLCOne time$1,500.00$0.26
PrintingDonnelley Financial Solutions IncOne time$2,500.00$0.43
Rating agencyMoodysOne time$20,000.00$3.48
Underwriter's spread: expensesNot reportedOne time$7,532.50$1.31
Underwriter's spread: takedownNot reportedOne time$63,006.25$10.96
Tax assessor collectorWheeler & Associates IncOne time$2,500.00$0.43
TCEQTexas Commission on Environmental Quality (TCEQ)One time$14,375.00$2.50

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.