FINANCIAL_SERVICESONGOING

Town of Homer Summary of Issues Report January 2026

Argent Trust Manages Bond Payments for Homer

$17,316.16/month for LDH bonds; $1,605.17/month for LDH reserve; $416.67/month paying agent fee; $13,438.48/month for DEQ bonds; $1,299.30/month for DEQ reserve; $14,327/month for Capital One bonds; $2,666/month for Capital One reserve (thru July 2025); all until reserves met and bonds repaidTown of HomerARGENT TRUSTJanuary 31, 2026

Trusted by teams at

Description

Argent Trust serves as depository and paying agent for multiple restructured Town of Homer bond issues, receiving monthly payments for principal, interest, and reserve deposits. Bond repayments are ongoing through 2036 under agreed schedules.

Contract Details

Contract Amount

Vendor

ARGENT TRUST

Agency

Town of Homer, LA

Contract Type

FINANCIAL_SERVICES

Document Date

January 31, 2026

Contract Term

Various bonds: LDH to Nov 2036; DEQ to Nov 2034; Capital One schedule per agreement (ongoing as of Jan 2026)

Renewal Date

2036-11-30

Renewal Info

Ongoing until bond retirement dates: LDH (Nov 2036), DEQ (Nov 2034), Capital One (term per ordinance). Reserve payments continue until requirements met. No auto-renewal beyond bond agreements.