Harris County Municipal Utility District No. 537, TX ...

Harris County Municipal Utility District No. 537, TX, Unlimited Tax Bonds, Series 2020

EMMA Link - issuer's most recent

disclosures



Most Recent Update

5/14/2020

Use of Proceeds

The Bonds are being issued to fund various capital improvements.

Bond Security

The Bonds are direct obligations of the Issuer and are payable as to both principal and interest from an ad valorem tax annually

levied, without legal limit as to rate or amount, on all taxable property within the Issuer. Investors should refer to the official

statement for a full description of the security for the Bonds.

Bonds Dated Date

CUSIPs

Payment Date

41426HDB5

41426HDC3

41426HDD1

41426HDE9

41426HDF6

41426HDH2

41426HDL3

41426HDP4

41426HDR0

41426HDU3

41426HDY5

41426HEB4

4/1/22

4/1/23

4/1/24

4/1/25

4/1/26

4/1/28

4/1/31

4/1/34

4/1/36

4/1/39

4/1/43

4/1/46

BAM Insured

Principal Amount

25,000

25,000

50,000

50,000

50,000

100,000

200,000

225,000

175,000

300,000

425,000

375,000

2,000,000

Total

5/1/2020

Coupon

First Optional

Redemption Date

Optional

Redemption Price

4.000%

4.000%

4.000%

4.000%

4.000%

3.000%

2.200%

2.400%

2.500%

3.000%

3.000%

3.000%

4/1/25

4/1/25

4/1/25

4/1/25

4/1/25

4/1/25

4/1/25

4/1/25

100%

100%

100%

100%

100%

100%

100%

100%

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor's Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a

substitute for any CUSIP service. The CUSIP Database, ? 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

District Development

Unemployment Rate

30

20%

15%

20

10%

10

5%

0

Completed

Under Development

Future

Undevelopable

0%

2013

Residential

Other

Commercial

TBD

Multifamily

Undevelopable

School

2014

Harris County

2015

2016

State (TX)

2017

2018

US

LIMITATIONS ON USE - SEE PAGE 3

Page 1 of 3

Issuer:

Harris County Municipal Utility District No. 537

State:

TX

County:

Harris

Sector:

Employment by Industry - 2018*

GO - Special District Utility

Demographic & Economic Information*

Health Care & Social Assistance

298,512

9.3%

Gov't & Gov't Ent

291,221

9.1%

Professional & Technical Svcs

273,554

8.5%

Harris County MUD No. 537

As % of State

Unemployment Rate**

4.4%

112.8%

Median Household Income***

52,654

88.39%

Assessed Value of Property ($000)

134,433

Assessed Value of Property Per Acre ($)

3,537,711

Home Price Range ($)

550,000-1,000,000

Developed Residential Acreage

28

Developed Commerical Acreage

Total Acreage

38

% Developed

73.68%

Retail Trade

262,081

8.1%

*As of the date of the Most Recent Update

Administrative & Waste Svcs

254,696

7.9%

**Data for Harris (County)

***Data for Houston Independent School District

Harris County

# of People

Employed

Description

% Total

As % of US

112.8%

87.33%

*Source: Bureau of Economic Analysis

Combined Funds Revenue and Surplus/Deficit ($000)

$900

Combined Fund Balance ($000)

80%

68.2%

$1 000

240%

58.8%

125.0%

$500

$600

30.6%

26.4%

120%

40%

11.2%

$0

-5.4%

$300

25.9%

37.2%

-4.4%

0%

0%

$-500

-120%

2015

$0

2016

2017

2018

2017

2019

Combined Funds Revenue

Net Combined Funds Surplus % Combined Funds Revenue

Top 10 Taxpayers (% of AV)

14.9%

39.98%

Top Taxpayer (% of AV)

Top Taxpayer (with industry)

Total Tax Revenue

Other

Total Charges for Services

13.11%

Development Houston In Town (Developer)

Total Direct Debt + Overlapping Debt

($000)

15,941

Total Direct Debt + Overlapping Debt per

capita ($)**

30,163

Total Direct Debt + Overlapping Debt as %

of Assessed Value

76.4%

2019

Information from Official Statement/Continuing Disclosure*

Combined Fund Revenue Items

9.9%

2018

Nonspendable

Restricted

Committed

Assigned

Unassigned

Unassigned as % of Combined Fund Balance ($000) Expenditures

-40%

2015

2016

9.1%

*As of the date of the Most Recent Update

**Per Capita Information is based on Estimated Population

Location Description: The District is located 5 miles west of downtown Houston.

Notes

LIMITATIONS ON USE - SEE PAGE 3

Page 2 of 3

Harris County Municipal Utility District No. 537, TX

DEMOGRAPHIC INFORMATION

Year

Unemployment Rate (Harris County)

% State

% Nation

2018

4.4%

112.82%

112.82%

2017

5.0%

116.28%

113.64%

2016

5.3%

115.22%

108.16%

2015

4.6%

102.22%

86.79%

2014

5.0%

98.04%

80.65%

2019

134,433

2018

127,351

2017

71,311

2016

34,821

2015

24,412

TAX BASE

Year

Assessed Value (AV) ($000)

DEBT & LIABILITY ANALYSIS ($000)*

Total Direct Debt

Total Direct Debt per Acre ($)

Total Direct Debt / Assessed Value

INCOME DATA*

Median Household Income

% State

% Nation

Poverty Rate

% State

% Nation

10,950

288,158

8.1%

*As of the date of the Most Recent Update

*Per Capita Information is based on Estimated Population

2018

52,654

88.4%

87.3%

21.0%

135.5%

148.9%

*Data for Houston Independent School District

FINANCIAL DATA ($000)

General & Debt Service Fund

Year

Fiscal Year End

Auditor Opinion Date

Revenues

Property Tax Revenue

Sales Tax Revenue (through SPA)

Total Tax Revenue

Charges for Water Services

Charges for Sewer Services

Total Charges for Services

Tapping Fees (Connection Charges)

Other

Total Combined Fund Revenue

05/31/2019

10/14/2019

05/31/2018

10/12/2018

600

356

610

53

66

119

360

29

42

71

79

798

92

519

Expenditures

Total Combined Fund Expenditure

740

580

Net Combined Fund Surplus (Deficit)

244

137

7

350

7

232

275

632

150

389

363

400

85.4%

176

215

67.1%

Combined Fund Balance ($000)

Nonspendable

Restricted for

Committed to

Assigned

Unassigned

Total

Liquidity

Cash & Cash equivalents (General Fund only)

Days Cash on Hand (General Fund only)

Total Combined Fund Balance as a % of Combined Fund Expenditures

Notes

All Ratios are calculated using the most recent Financial and Demographic data available.

Financial data is not adjusted for restatements in prior years.

LIMITATIONS ON USE

By using this BAM Credit Profile you agree to the Terms of Use set forth in BAM's website located at . The information contained in this BAM Credit Profile has been obtained or

derived from the issuer and various public sources, is for informational purposes only, may be subject to change, and is provided on an "as is" basis. BAM does not represent that such information is accurate, timely or

complete and BAM disclaims any and all liability relating to the information contained herein, in the Official Statement, or in the issuer's continuing disclosure documents. In no event will BAM, its employees or officers be

liable to any party for any damages, costs, expenses, legal fees or losses in connection with any use of or reliance on the information contained herein, in the Official Statement or in issuer's continuing disclosure

documents, even if advised of the possibility of such damages. The information should not be relied upon and is not a substitute for the skill, judgment or experience of the investor, its management, employees, advisors

and/or clients when making investment decisions. BAM does not act as a fiduciary or an advisor (investment, municipal or otherwise) and nothing herein shall be construed as a recommendation or advice given by BAM

as to the sale or purchase of any securities. BAM Credit Profiles are produced for purchasers of bonds or other securities insured by BAM, and BAM members, rather than investors generally. The Official Statement will

identify the bonds or other securities that are insured by BAM. A BAM Credit Profile is not intended to be an offer to sell or a solicitation of an offer to buy any securities and should not be used or considered as such

under any circumstances. Any such offer or solicitation is made only by means of the issuer's Official Statement. If an Official Statement is not being delivered in connection with the sale of the Bonds, "Official Statement"

for purposes of this Credit Profile shall be deemed to mean all information provided by, or on behalf of, the Issuer to the purchaser(s) of the Bonds.

? 2020, Build America Mutual Assurance Company

Page 3 of 3

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download