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ADOPTED | BUDGET

Certificates of Obligation, 2020 – In 2020, a total of $2,215,000 in Certificates of Obligation were
issued. Of this amount, $2,215,000 was for the Iron Horse Boulevard and the Hightower / Davis
Signalization street projects.

Certificates of Obligation, 2019 – In 2019, a total of $6,380,000 in Certificates of Obligated were
issued. Of this amount approximately $2,740,000 was for street projects, carpet replacement at
the public library, an ambulance, fire truck, and various public works fleet equipment.

General Obligation Refunding Bonds 2019 – In 2019, General Obligation bonds, totaling $3,980,000
were issued to refund portions of the Certificates of Obligation 2010 and the General Obligation
Refunding and Improvement Bonds, 2010.

Certificates of Obligation, 2018 – In 2018, a total of $14,410,000 in Certificates of Obligation were
issued. Of this amount, $8,315,000 was for street projects, replacement of the City’s financial
system, network improvements, an ambulance, and public works fleet equipment.

General Obligation Bonds, 2018 – In 2018, General Obligation bonds were issued totaling $550,000
in new money for street projects.

General Obligation Refunding Bonds 2018 – In 2018, General Obligation bonds, totaling $6,965,000
were issued to refund portions of the Certificates of Obligation 2009, the General Obligation
Refunding and Improvement Bonds, 2008.and the General Obligation Refunding and Improvement
Bonds, 2009.

Certificates of Obligation, 2017 – In 2017, $7,545,000 in Certificates of Obligation were issued for
street maintenance, improvements to Northfield Park, and three (3) new fire vehicles.

General Obligation Refunding Bonds 2016 – In 2016, General Obligation bonds were issued totaling
$1,695,000 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, General Obligation bonds were issued totaling
$10,835,000. Of this amount, $225,000 was for the emergency operations center in the new city
hall. These projects were adopted in 2003 bond elections. Also issued in 2014 are refunding bonds
in the amount of $10.6 million.

Certificates of Obligation, 2014 – In 2014, $21,990,000 in Certificates of Obligation were issued for
capital equipment, new city hall facility construction, and construction of animal control facility.

General Obligation Refunding Bonds 2013 – In 2013, $17,110,000 General Obligation bonds were
issued for street improvements, drainage improvements, animal adoption center facility, and the
new city hall facility. These projects were adopted in 2003 and 2012 bond elections. Also issued
in 2013 are refunding bonds in the amount of $4.2 million.

Certificates of Obligation, 2013 – In 2013, $7,560,000 in Certificates of Obligation were issued for
capital equipment, new street construction (City Pointe Drive), and construction of animal control
facility.

383 NRH | TEXAS