Page 440 - NRH FY20 Approved Budget

DEBT SERVICE FUNDS

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

Certificates of Obligation, 2018 – In 2018, $14,410,000 in Certificates of Obligation were issued. The amount
for Aquatic Park was $600,000 for equipment replacement for the aquatic park.

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.

General Obligation Refunding Bonds, 2012 – In 2012, $1,015,612 was issued to achieve interest savings and
lower the overall annual debt service requirements.

Certificates of Obligation, 2011 – In 2011, $2,070,000 in Certificates of Obligation were issued for construction
of the new attraction and the food service building.

Certificates of Obligation, 2010 – In 2010, $225,000 in Certificates of Obligation were issued for professional
services for a Food Service Building and a new attraction in 2011.

Certificates of Obligation, 2009 – In 2009, $1,855,000 in Certificates of Obligation were issued for Waterpark.
Third Phase Attraction and additional restrooms.

Certificates of Obligation, 2008 – In 2008, $150,000 in Certificates of Obligation were issued for Waterpark
improvements.

Certificates of Obligation, 2006 – In 2006, $1.095 million in Certificates of Obligation were issued for a new
attraction as determined by the Water Park Master Plan and for additional shade structures throughout the water
park.

DRAINAGE UTILITY FUND DEBT

Drainage Utility Fund debt service consists of several series of General Obligation bond and Certificate of
Obligation debt issues for drainage improvements throughout the City. A portion of the annual debt service is

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