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NONMAJOR DEBT SERVICE FUNDS <br />Nonmajor Debt Service Funds are used to account for the accumulation of resources used for the payment <br />of principal and interest on long-teini debt. <br />2001A Taxable Tax Increment Bonds — The $1,680,000 General Obligation Tax Increment Bond is to <br />finance the purchase of land known as the Maken and Sauter parcels in TIF Districts No. 2 and 8. <br />2001B/2007B Tax Increment Bonds — The $920,000 General Obligation Tax Increment Bond is to <br />finance public improvements on the Makens parcel in TIF District No. 8. The original issue was refunded <br />with a $945,000 General Obligation Tax Increment Refunding Bond in 2007. <br />2004A Capital Improvement Refunding Bonds — The $1,480,000 General Obligation Capital <br />Improvement Refunding Bond was to refund the Public Facility Lease Revenue Bond of 1999A. <br />2005B/2011 Refund GO Improvement Bonds — The $4,335,000 General Obligation Improvement <br />Bonds of 2005A is to finance the County's portion of the AUAR roadway improvements around The <br />COR. In 2011, $3,090,000 Series 2011B Improvement Crossover Refunding bonds were issued to refund <br />the 2005B Series bonds that will be called on December 15, 2014. <br />2005C Capital Equipment Certificates — The $745,000 General Obligation Capital Equipment <br />Certificate of Indebtedness is to finance the acquisition of capital equipment. <br />2007A Capital Equipment Certificates — The $790,000 General Obligation Capital Equipment <br />Certificate of Indebtedness is to finance the acquisition of capital equipment. <br />2009A State Aid Road Bond — The $1,340,000 General Obligation Tax State Aid Road Bond is to <br />finance the construction of Sunfish Lake Boulevard. <br />2011A Armstrong/Bunker Bond — The $4,365,000 Series 2011A bonds will be repaid with annual <br />allotments of Municipal State Aid and an annual assessment per the assessment agreement between the <br />city of Ramsey and Hageman Holdings for the improvements that were necessary for the future Legacy <br />School <br />2012B Residence at the COR Bond — The $7,320,000 Series 2012B were Taxable General Obligation <br />Tax Increment bonds that were issued to pay for certain qualified costs related to the construction of The <br />Residence at the COR Apartments within Tax Increment District 14 in the city. <br />107 <br />