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DEBT SERVICE FUNDS

General Obligation Refunding Bonds, 2005 – In 2005, $955,000 in General Obligation Refunding bonds were
issued to achieve interest savings and lower annual debt service requirements of the City. The 1998 and 2000
Series Certificates of Obligation were partially refunded with this issue.

Sales Tax Revenue Bonds, 1995 – This $2 million bond issue had an original twenty (20) year life, and is being
repaid with the proceeds of a one-half cent sales and use tax levied in the City for the benefit of the Park and
Recreation Facilities Development Corporation. Proceeds from the bond sale were used to fund construction of
the City’s Aquatic Park. This issue was partially refunded in 2001.

GOLF COURSE DEBT

General Obligation Refunding Bonds 2013 – In 2013 are refunding bonds in the amount of $190,125.

Certificates of Obligation, 2012 – In 2012, $5,365,000 in Certificates of Obligation debt were issued for golf
course drainage improvements.

Certificates of Obligation, 2008 – In 2008, $500,000 in Certificates of Obligation were issued for Iron Horse
drainage improvements.

TAX INCREMENT FINANCE DISTRICTS #1, #1A and #2 DEBT

General Obligation Refunding Bonds 2014 – In 2014, $10,835,000 General Obligation bonds were issued for
refunding of prior bonds for a lower interest rate and overall costs. The amount for TIF#1 was $115,000 and TIF
#2 was $4,250,000 in principal refunded.

Certificates of Obligation, 2013 - In 2013, $2,000,000 was issued for intersection improvements and utility line
burial in TIF #1A.

General Obligation Refunding Bonds, 2012 – In 2012, $814,454 was issued to achieve interest savings and
lower the overall annual debt service requirements of the District.

Certificates of Obligation, 2010 In 2010, $1,000,000 was issued for Blvd. 26 intersection improvements located
within Tax Increment Finance District #1. In addition, $18,800,000 was issued for construction of the new NRH
recreation center within Tax Increment Finance District #2.

Certificates of Obligation, 2008 - In 2008, $2,000,000 was issued for the engineering portion of the City’s new
Recreation Center within Tax Increment District #2.

Certificates of Obligation, 2006 – In 2006, $8,750,000 was issued to fund construction of a library that will be
located within Tax Increment Finance District #2 on Grand Avenue at Simmons Drive.

AQUATIC PARK DEBT

General Obligation Refunding Bonds 2016 – In 2016, General Obligation bonds were issued totaling $205,000
in a private placement. This issue refunded portions of the Certificates of Obligation, 2007 and the General
Obligation Refunding and Improvement Bonds, 2007.

General Obligation Refunding Bonds 2014 – In 2014, $10,835,000 General Obligation bonds were issued for
refunding of prior bonds for a lower interest rate and overall costs. The amount for Aquatic Park was $865,000
in principal refunded.

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