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ADOPTED | BUDGET

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. There is no debt service remaining on this
issuance.

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. There is no debt service remaining on this
issuance.

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. There is no debt
service remaining on this issuance.

UTILITY DEBT

Certificates of Obligation, 2021 – A future debt issuance of $875,000 were issued in a private
placement. This amount was for rehabilitation of a water storage tank for the utility department.

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. There is no debt service remaining on this
issuance.

385 NRH | TEXAS