Page 353 - N. Richland Hills General Budget

DEBT SERVICE FUNDS

UTILITY DEBT

Certificates of Obligation, 2021 – A future debt issuance of approximately $1,145,000 is planned for 2021 to
include approximately $840,000 for utility projects.

Certificates of Obligation, 2019 – In 2019, a total of $6,380,000 in Certificates of Obligated were issued. Of this
amount approximately $3,640,000 was 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.

Certificates of Obligation, 2012 – In 2012, $5,365,000 in Certificates of Obligation debt were issued for water
and sanitary sewer infrastructure construction and rehabilitation, and water meter replacements.

Certificates of Obligation, 2010 – In 2010, Certificates in the amount of $805,000 were issued for Utility street
re-locations and water meter replacements.

Certificates of Obligation, 2009 – In 2009, Certificates for $3,115,000 were issued for a lift station at Precinct
Line Rd, Amundson tank rehabilitation and other utility capital projects.

Certificates of Obligation, 2008 – In 2008, $1,815,000 million in Certificates of Obligation debt were issued for
utility water meter replacements and utility capital projects throughout the City.

PARK DEBT

General Obligation Refunding Bonds 2014 – In 2014, $10,585,000 General Obligation bonds were issued for
refunding of prior bonds for a lower interest rate and overall costs. The amount for Parks was $410,000 in
principal refunded.

Certificates of Obligation, 2011 – In 2011, $2,440,000 in certificates were issued for the Senior Citizen
Component of the Recreation Center to be paid with 4B sales tax.

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.

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