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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 of <br />principal and interest on long term debt. <br />2012B Residence at the COR Bond – The $7,320,000 Series 2012B were Taxable General Obligation Tax <br />Increment bonds that were issued to pay for certain qualified costs related to the construction of The Residence <br />at the COR Apartments within Tax Increment District 14 in the city. <br />2005C Capital Equipment Certificates – The $745,000 General Obligation Capital Equipment Certificate of <br />Indebtedness is to finance the acquisition of capital equipment. <br />2007A Capital Equipment Certificates – The $790,000 General Obligation Capital Equipment Certificate of <br />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 finance the <br />construction of Sunfish Lake Boulevard. <br />2011A Armstrong/Bunker Bond – The $4,365,000 Series 2011A bonds will be repaid with annual allotments <br />of Municipal State Aid and an annual assessment per the assessment agreement between the city of Ramsey and <br />Hageman Holdings for the improvements that were necessary for the future Legacy School. <br />2013 Capital Equipment Certificates – The Series 2013A $635,000 General Obligation Capital Equipment <br />Certificate of Indebtedness is to finance the acquisition of capital equipment. <br />2001B/2007B Tax Increment Bonds – The $920,000 General Obligation Tax Increment Bond is to finance <br />public improvements on the Makens parcel in TIF District No. 8. The original issue was refunded with a <br />$945,000 General Obligation Tax Increment Refunding Bond in 2007. <br />2004A Capital Improvement Refunding Bonds – The $1,480,000 General Obligation Capital Improvement <br />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 Bonds of <br />2005B is to finance the County’s portion of the AUAR roadway improvements around The COR. In 2011, <br />$3,090,000 Series 2011B Improvement Crossover Refunding bonds were issued to refund the 2005B Series <br />bonds that will be called on December 15, 2014. <br />107