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Mt Hood and Oswego Lake

Municipal Bonds and Continuing Disclosure

The Official Statements for all City bond issues and the outstanding principal portion of each as of 6/30/13:
 

General Obligation Bond Issues:

Official Statement - Series 2003 Parks & Refunding Feb 2003   $  6,620,000
Official Statement - Series 2006 Refunding Oct 2006   3,850,000
Official Statement - Series 2011A Refunding Sept 2011         2,800,000
     Sub-total   $13,270,000

 

 

 



   

Full Faith and Credit Obligations:

Official Statement - Series 2009 A   (Wastewater) May 2009 $  58,310,000
Official Statement - Series 2010 A   (Wastewater) Sept 2010   33,850,000
Official Statement - Series 2011 A  (LORA) Sept 2011     10,690,000
     Sub-total   $102,850,000








 

Revenue Bond Issues:

Official Statement - Series 2005 Surface Water Apr 2005 $  2,015,000
Official Statement - Series 2007 Water Revenue Oct 2007     7,265,000
     Sub-total   $  9,280,000


 

 

 

Total outstanding bond principal
  $125,400,000


 

City Bond Credit Ratings

  • Moody's upgraded the City's GO Debt to Aaa in September 2006 and reaffirmed it in 2011
  • Standard & Poor's upgraded the City's GO Debt to AAA in October 2006 and also reaffirmed it in 2011
  • Moody's upgraded the City's Water Fund Debt to Aa2 in October 2007
  • Standard & Poor's rated the City's Surface Water Fund Debt as AAA and Moody's rated the Debt Aaa in April 2005


Continuing Disclosures
The SEC requires certain continuing disclosure requirements under SEC Rule 15c2-12 that include annual financial information, audited financial statements, material event notices, failure to file notices and any other voluntary and relevant bond disclosures. The City is in compliance with all of these annual disclosure requirements.

For your convenience, the City is registered with DisclosureUSA where a bond holder or investor can receive the City's required financial disclosure information. Below is a list of the City's latest CUSIP filings (pdfs are included in supporting documents section):

  • CUSIP No. 510390 General Obligation Bonds
  • CUSIP No. 510421 Water Revenue Bonds
  • CUSIP No. 510412 Surface Water Revenue Bonds

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Disclaimer Language. Official Statements listed for the above bond issues may be accessed in PDF format. These documents are provided as of the sale date of the bond issue and should be considered historical in nature. The City does not undertake to update information provided herein. The information and expressions of opinion therein are subject to change without notice and the posting of information on the web site does not imply that there has been no change in the affairs of the City since the date of the document.