Page 438 - NRH FY20 Approved Budget

DEBT SERVICE FUNDS

General Obligation Bonds, 2009 – In 2009, $5,695,000 in General Obligation bonds were issued for street
improvements, which were a part of the 2003 bond election.

Certificates of Obligation, 2009 – In 2009, $1,235,000 in Certificates of Obligation were issued for five drainage
and street improvement projects, five utility capital projects and the purchase of a Fire Quint.

General Obligation Bonds, 2008 - In 2008, $4,180,000 in General Obligation bonds were issued for street
improvements to North Tarrant parkway, Rufe Snow Drive, Douglas Lane and Holiday Lane.

Certificates of Obligation, 2008 - In 2008, $285,000 in Certificates of Obligation debt were issued for various
utility capital projects and replacement of an ambulance and camera van for the Utility Department.

General Obligation Bonds, 2007 – In 2007, $1,700,000 in General Obligation bonds were issued for street
improvements to North Tarrant Parkway and Rufe Snow Drive

General Obligation Refunding Bonds, 2007 – In 2007, $5,085,000 in refunding bonds were issued for street
improvements.

General Obligation Bonds, 2006 – In 2006, $2,280,000 in General Obligation bonds were issued for street
improvements to Davis Boulevard/Mid Cities Intersection, Flory Lane, Galway Lane, Lola Drive, and Simmons
Drive. Additional projects funded from this issue include the signalization of Holiday Lane/Chapman
Drive/Meadow Road, reconstruction of the Holiday West drainage channel and upgrades to existing fire
department facilities.

Certificates of Obligation, 2006 – In 2006, $1,345,000 in Certificates of Obligation debt was issued for
replacement of the following vehicles and equipment: aerial ladder truck, ambulance, backhoe tractor/loader,
two dump trucks and a pavement roller.

General Obligation Refunding Bonds, 2005 – In 2005, $8.05 million in bonds was refunded to achieve interest
savings and lower the overall annual debt service requirements of the City. Portions of the following bonds were
refunded: 1996, 1997, 1998, 1999, and 2000 series General Obligation bonds and 1996, 1997, 1998, 1999, 2000
and 2001 series Certificates of Obligation

UTILITY DEBT

Certificates of Obligation, 2019 – A future debt issuance of approximately $9,825,000 is planned for the fall of
2019 to include approximately $3,640,000 for various utility projects.

Certificates of Obligation, 2018 – In 2018, $14,410,000 in Certificates of Obligation were issued. The amount
for Utility Debt was $5,495,000 for various utility projects.

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 Utility Debt was $100,000 in
principal refunded.

General Obligation Refunding Bonds 2013 – In 2013, $4,145,000 General Obligation bonds were issued for
refunding of prior bonds for a lower interest rate and overall costs. The amount for Utility Debt was $185,000 in
principal refunded.

Certificates of Obligation, 2013 – In 2013, $1,330,000 in Certificates of Obligation were utility line burial and
intersection improvements.

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