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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 Improvement Bonds — $620,000 General Obligation Improvement Bond is to finance public improvements and refund $420,000 of General Obligation Improvement Bond of 1984. 1993A 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 Obligation 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 TIF District No. 8. 2001C Tax Increment Bonds —$1,045,000 General Obligation Tax Increment Bond is to finance the construction of Azurite Street and the continuation of Sunwood Drive in the Sunfish Business Park in TIF District No. 10. 2001D 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. -53-