Town of Homer Summary of Issues October 2025
Argent Trust Administers LDH 2015 Bond Payments
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Description
Homer is making monthly LDH Series 2015 bond payments through Argent Trust under a Deposit Trust Agreement, paying $17,316.16 for debt service, $1,605.17 for reserves over five years, and a $416.67 monthly paying agent fee. All payments are funded from water and sewer revenues through November 2036.
Contract Details
Contract Amount
$17,316.16 per month for debt service, plus $1,605.17 per month for reserves and $416.67 per month paying agent fee
Vendor
ARGENT TRUST
Agency
Town of Homer, LA
Contract Type
FINANCIAL_SERVICES
Document Date
October 31, 2025
Contract Term
Monthly through November 2036 for LDH Series 2015 bonds; reserve deposits over five years beginning 2025
Renewal Date
2036-11-30
Renewal Info
Reserve funding is scheduled over five years from 2025; overall bond and agent services run until bond retirement in November 2036.
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