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Debt Service Fund Detail
The 2013 Certificates of Obligation are paid: 78% through utility revenue and 22% through golf
course revenue. The original issue was $5,170,000, payable through the Bank of New York
Mellon Trust Company, and were just refunded this current fiscal year.
The 2017 Certificates of Obligation are paid: 79% through ad valorem tax revenue and 21%
through golf course revenue. The original issue was $1,743,000, payable through the Bank of
New York Mellon Trust Company, and callable beginning August 15, 2024.
The 2019 General Obligation Bonds are paid: 100% through ad valorem tax revenue. The
original issue was $3,625,000, payable through the Bank of New York Mellon Trust Company,
and callable beginning August 15, 2028.
The 2022 General Obligation Bonds are paid: 78% through utility revenue and 22% through
golf course revenue. The original issue was $3,230,000, payable through the Bank of New
York Mellon Trust Company, and callable beginning August 15, 2031.
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