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City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents

Revenue Facility:

Revenue pledge as security
Pledge to set rates and fees to meet covenants
Bond Reserve Fund for surety
Revenue Bonds Covenant reporting
Equitable rate structure
First lien security with parity
Construction of capital improvements

City contracts with entities
Contract Revenue Bonds Tax levy and/or revenue pledge as security
Ownership of title may occur with entity or City

Special Obligation Facility:

Development district established
Tax Increment Financing District (“TIF”) Construction of improvements
Incremental increase in value property only Taxable by TIF

Non-Profit Corporations Established corporations
Property Finance Authority Revenue pledge of the corporation
Mansfield Park Facilities Development Corp Covenant reporting
Mansfield Economic Development Corp First lien security with parity
Acquisition of real or personal property
Public/private infrastructure improvements
City may or may not own title
Specific services (can be taxable or non-taxable to the bond
holders.)

Specific improvement
Securitized by pledged assessments
Public Improvement District (“PID”)
Specific benefactors

Other Credit Facility:

Annual tax or revenue appropriation
Tax-exempt or can be taxable
Capital Lease
Acquisition of personal property
Able to refinance

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