Harris County TX Improvement District No. 18

CUSIP: 414183FY4

NAME: Harris County Texas Improvement District NO.18

COUPON: 3.375%

MATURITY: 9/1/2038

BONDHOLDER SECURITY: Bonds are payable from proceeds of an annual ad valorem tax without limitation as to rate or amount levied against all property within the District.

USE OF BOND PROCEEDS: Finance the costs of certain utilities, wastewater treatment facilities, water plant, and pay costs of issuance.

RATINGS: A1 (Moody’s)

OBLIGOR PROFILE: The District, created in 2009, contains approximately 1,886.6 acres and is located entirely within Harris County and entirely within the extraterritorial jurisdiction of the City of Houston, Texas.  Specifically, the District is twenty -four miles north of downtown Houston and two miles south of The Woodlands, a 28,000 acres master-planned community.  District assessed value was  $1.5 billion in 2015 and $1.7 billion in 2016.

(Source: Official Statement dated October 26, 2016)

 

Although this information is obtained from sources believed to be reliable, we cannot guarantee its completeness or accuracy.  For complete information regarding these bonds, please review the Official Statement, which can be provided upon request.  Investing in bonds involves risk including possible loss of principal.  Income may be subject to state, local, or federal alternative minimum tax.  Offerings are subject to prior sale and market conditions.  Bonds are subject to availability and price fluctuations.  As with any investment, market values may fluctuate during the period the bonds are held.  For specific yield and suitability of this offering, please contact your R. Seelaus & Co. Financial Advisor at 1-800-922-0584. Securities are offered through R. Seelaus & Co. 25 Deforest Ave. Suite 304, Summit, NJ 07901 Member FINRA/SIPC