Page 354 - N. Richland Hills General Budget

DEBT SERVICE FUNDS

GOLF COURSE DEBT

Certificates of Obligation, 2019 – In 2019, $3,285,000 in taxable certificates were issued for the planned
reconstruction of the golf course and on-course facilities.

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

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.

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