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DEBT SERVICE FUNDS The Debt Service Funds are used to account for the accumulation of resources used for the payment of principal and interest on general long -term debt. 1992B l niprovement.Bonds — $620,000 General Obligation Improvement Bond is to finance public improvements and refund $420,000 of General OIZligation Improvement Bond of 1984. I993A Tax Increment Refunding Bonds. - $2,225,000 General Obligation Tax Increment Refunding Bond is to refund General Obligation Tax Increment Bond of 1987A. 1995A Tax Increment Bonds — $2,600,000 General Obligat Tax Increment Bond is to finance street improvements in TIF Districts No. 1, 2, and 4. 1996A Tax Increment Refunding Bonds — $330,000 General Obligation Tax Increment Refunding Bond is to refund the General Obligation Tax Increment Bond of 1987B. 1999A Tax Increment Bonds — $1,195.000 General Obligation Tax Increment Bond is to finance the Senior Housing Development Project undertaken jointly with Anoka County Housing and Redevelopment Authority. 1999A (EDA);Lease Revenue Bonds — $1,665,000 Public Facility Lease Revenue Bond is to finance the construction of Fire Station No 2. 2000A Capital Equipment Certificates — $257,000 General Obligation: Capital Equipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2000B Tax Increment Bonds - $1,695,000 General Obligation Tax Increment Bond is to finance the construction of water tower No. 2 and well No. 5. 2001A Taxable Tax Increment Bonds — $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 Tax Increment Bonds $920,000 General Obligation Tax Increment Bond is to finance public improvements on the Makens parcel in TIE District No. 8. 2001C Tax Increment Bonds — $1,045,000 General Obligation 'Fax Increment Bond is to ' finance' the construction of Azurite > Street and the continuation of Sunwood Drive in the Sunfish Business Park in 111' District No. 10. 20011) Taxable Tax Increment Bonds — $1,215,000 General Obligation Tax Increment Bond is to finance the purchase of land that will become an industrial park known as Sunfish Business Park in TIF District No. 8. -57-