In Existence Since May 9th 1968 Harris County WCID #110 All Rights Reserved.

The content in this website is provided by Harris County Water Control and Improvement District No. 110 ("HCWCID110 or District") for informational purposes only. This website and the information contained herein should not be relied upon or used as current information for the purposes of securities disclosure about the District, its financial condition, the bonds of the District, or property in the District. Persons should not rely upon information in this website when considering whether to buy, sell, or hold property within the District. The District files official continuing disclosure information at least annually in accordance with the rules and regulations of the securities and exchange commission. The District assumes no duty to update any information on this website at any time. 

DEFEASING BONDS

September 30, 2016

   

 

The Board recently voted to cash defease $75,000 of the District’s outstanding bonds in advance of the stated maturity of such bonds.  The interest rate on the bonds that were defeased was 6.00% thus, by defeasing such bonds in advance their stated maturities, the District was able to achieve interest savings on behalf of its taxpayers.  In addition, on September 1, 2016 the District will make the final payment on $1,115,000 in bonds that are set to mature on such date. 

 

   Following the payment of the bonds that mature on September 1, 2016, the District will have approximately $21,160,000 in bonds that remain outstanding.  Such outstanding bonds mature on September 1 in the years 2017 through 2030.  The next date for possible early redemption of such bonds is on September 1, 2018 when $5,875,000 in bonds become callable at the option of the District.  

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