Debt Obligations
Debt Obligations
The City of Helotes currently holds two (2) Certificates of Obligation issues dated 2007 and 2015. With principle and interest totaling a little over $15 million or $2,078 per capita, the debt instruments were used to fund, among other things, City Hall renovations, new Police and Fire stations, Old Town Helotes Special District improvements, and utility, park, and drainage improvements throughout the City.
Most recently, City Council approved $4.4 million in Certificates of Obligation (series 2015) for capitol improvement projects within the City of Helotes. Click here for a copy of the financial advisor’s bid presentation.
City of Helotes Outstanding Debt (8/31/15)
| Issuer | Issue Name | Pledge | Maturity Date | Principle | Interest | Total Payment |
|---|---|---|---|---|---|---|
| Helotes | Comb Tax & Ltd Pledge Rev CO Ser 2002 | GO | 8/1/2017 | $270,000.00 | $11,897.50 | $281,897.50 |
| Helotes | Comb Tax & Ltd Pledge Rev CO Ser 2007 | GO | 8/1/2027 | $7,065,000.00 | $1,802,789.25 | $8,867,789.25 |
| Helotes | Comb Tax & Ltd Pledge Rev CO Ser 2015 | GO | 8/1/2035 | $4,315,000.00 | $1,788,456.27 | $6,103,456.27 |
| SUBTOTAL: | $11,650,000.00 | $3,603,143.02 | $15,253,143.02 |
Certificate of Obligation Documents
For more information, review the following Certificate of Obligation documents:
- 2015 Document
- 2007 Document
- 2002 Documents
- 1993 Documents
Auditor’s Report
Click here to access the 2015 auditor’s report of municipal debt.
Credit Rating Information
In December 2013, Standard & Poor’s Ratings Services raised its long-term and underlying rating for the City of Helotes from A+ to AA. Click here to access the full report. In 2015, Standard & Poor’s reaffirmed the City’s long-term and underlying rating. Click here to access the full report.
Finance
Taby Durr
Finance Director
Phone: 210-695-5915
Fax: 210-695-2123
12951 Bandera Road
Helotes, TX 78023