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ADOPTED | BUDGET

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. There is no debt
service remaining on this issuance.

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. There is
no debt service remaining on this issuance.

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.
There is no debt service remaining on this issuance.

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. There
is no debt service remaining on this issuance.

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. There is no debt service remaining on this issuance.

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. The debt service for TIF # 1 has
been paid in full. The remaining debt service on this issue attributable to TIF # 2 has been defeased.

386 NRH | TEXAS