Town of Homer Summary of Issues October 2025
Argent Trust Receives Monthly Capital One Bond Payments
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Description
Homer’s restructured Capital One Series 2013 bond debt is serviced through Argent Trust under a Deposit Trust Agreement, with $14,327 paid monthly and $2,666 deposited monthly into a town-held reserve account. Payments are funded by water and sewer system revenues.
Contract Details
Contract Amount
$14,327 per month for debt service plus $2,666 per month into a town bond reserve account (January–July 2025, continuing monthly)
Vendor
ARGENT TRUST
Agency
Town of Homer, LA
Contract Type
FINANCIAL_SERVICES
Document Date
October 31, 2025
Contract Term
Monthly payments beginning in 2025 for Capital One Series 2013 bonds; reserve contributions from January 2025 until reserve requirements are met
Renewal Info
Bond reserve deposits of $2,666 per month began January 2025 and will continue until reserve requirements are fully funded; bond and paying agent services extend over the remaining bond term.
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