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NOTE 6 — LONG-TERM DEBT
<br />A. Components of Long -Term Debt
<br />Original Issue
<br />Interest Rate Issue Date
<br />Final Balance —
<br />Maturity Date End of Year
<br />Governmental activities
<br />Bonds payable
<br />General Obligation Improvement Bonds
<br />Series 2011E3 $ 3,090,000 2.00-2.70% 12/29/2011 12/15/2025 $ 615,000
<br />Series 2015A $ 3,880,000 2.00-3.50% 6/15/2015 12/1/2035 2,655,000
<br />Series 2015E3 $ 1,205,000 2.00-2.25 % 6/15/2015 12/1/2025 260,000
<br />Series 2016A $ 1,650,000 2.005%, 7/21/2016 12/15/2026 515,000
<br />Series 20172,, $ 895,000 1.15-2.5054 8/17/2017 12/15/2027 370,000
<br />Series 20182,, $ 1,175,000 3.0054 7/17/2018 12/15/2028 620,000
<br />Series 20202,, $ 9,055,000 1.00-1.6554 12/30/2020 12/15/2041 9,055,000
<br />Series 20212,, $ 9,845,000 2.00-3.0054 10/19/2021 12/15/2031 8,195,000
<br />Series 20222,, $ 10,765,000 5.00 % 12/6/2022 12/15/2037 10,280,000
<br />Series 20232,, $ 6,915,000 4.25-5.005%, 11/15/023 12/15/2038 6,915,000
<br />Total general obligation improvement bonds 39,480,000
<br />Capital Equipment Certificates
<br />Series 2014A $ 875,000 0.60-2.35 % 12/3/2014 12/15/2024 95,000
<br />Series 20232,, $ 1,400,000 5.005%, 11/15/023 12/15/2033 1,400,000
<br />Total capital equipment certificates 1,495,000
<br />Llnamortized bond premiums
<br />Arbitrage liability
<br />Compensated absences payable
<br />Net pension liability
<br />Total OPEB liability
<br />Total governmental activities
<br />Business -type activites
<br />Net pension liability
<br />'Total government and business -type activities
<br />B. Descriptions of Long -Term Debt
<br />• General Obligation Improvement Bonds —
<br />2,099,612
<br />166,156
<br />1,197,478
<br />7,103, 501
<br />794,822
<br />52,336,569
<br />520,046
<br />$ 52,856,615
<br />The Series 2011B were Improvement Crossover Refunding bonds that were issued to refund the
<br />2005B Series bonds that were called on December 15, 2014.
<br />The Series 2015A bonds were issued to finance the construction of Fire Station #2 in the City.
<br />The Series 2015B were issued to fund the street improvements related to the reconstruction of
<br />Garnet and 168th Avenue and some overlay projects.
<br />The Series 2016A were issued to fund the street improvements related to the reconstruction of
<br />Andrie Street and 164th Lane and some overlay projects.
<br />The Series 2017A were issued to fund street improvements related to the reconstruction of Alpine
<br />Drive and Sunwood Drive.
<br />The Series 2018A were issued to fund street improvements related to the reconstruction of
<br />Riversbend Avenue and Stanhope Terrace.
<br />The Series 2020A were issued to fund approximately 50% of the construction costs of the Public
<br />Works Facility in the City.
<br />The Series 2021A, a $9,845,000 Capital Improvement Plan Bond, was issued to refund the 2012A
<br />Series bonds that were called on December 15, 2021.
<br />The Series 2022A were issued to fund the reconstruction and overlay street improvement projects
<br />as outlined in the City's 5-Year Street Reconstruction and Overlay Plan (SROP).
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