Agenda - Council Work Session - 06/14/2011

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NONMAJOR DEBT SERVICE FUNDS Nonmajor Debt Service Funds are used to account for the accumulation of resources used for the payment of principal and interest on long -term debt. 1999A Tax Increment Bonds — The $1,195,000 General Obligation Tax Increment Bond is to finance the Senior Housing Development P roject undertaken j ointly w ith Anoka County Housing a nd Redevelopment Authority. 2001A Taxable Tax Increment Bonds — The $1,680,000 General Obligation Tax Increment Bond is to finance the purchase of land known as the Maken and Sauter parcels in TIF Districts No. 2 and 8. 2001B/2007B Tax Increment Bonds — The $920,000 G eneral 0 bligation Tax I ncrement B and i s t o finance public improvements on the Makens parcel in TIF District No. 8. The original issue was refunded with a $945,000 General Obligation Tax Increment Refunding Bond in 2007. 2002A Capital Equipment Certificates — The $295,000 G eneral 0 bligation C apital E quipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2003B Tax Increment Crossover Bonds — The $1,285,000 General Obligation Tax Increment Crossover Refunding Bond is to refund the General Obligation Tax Increment Bond of 1995A. 2003 Capital Equipment Certificates — The $675,000 General Obligation Capital Equipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2004B Capital Equipment Certificates — The $ 345,000 G eneral 0 bligation C apital E quipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2004A Capital Improvement Refunding Bonds — The $1,480, 000 G eneral 0 bligation C apital Improvement Refunding Bond was to refund the Public Facility Lease Revenue Bond of 1999A. 2005A Lease Revenue Bonds — The $19,200,000 Public Project Lease Revenue Bonds is to finance the construction of the City's new Municipal Center. 2005B GO Improvement Bonds — The $4,335,000 General Obligation Improvement Bonds of 2005A is to finance t he C ounty's p ortion o f the A UAR r oadway i mprovements a round The C OR ( previously known as Ramsey Town Center). 2005C Capital Equipment Certificates — The $ 745,000 G eneral 0 bligation C apital E quipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2006A Taxable Tax Increment Bonds — The $1,035,000 General Obligation Tax Increment Bond is to finance the acquisition of B &A Cylinder in the City. 2007A Capital Equipment Certificates — The $7 90,000 G eneral 0 bligation C apital E quipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2009A State Aid Road Bond — The $1,340,000 G eneral Obligation Tax State Aid Road Bond is to finance the construction of Sunfish Lake Boulevard.