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<br /> <br /> <br />' DEBT SERVICE FUNDS <br />The Debt Service Funds are used to account for the accumulation of resources used for the payment of <br />principal and interest on general long-term debt. <br />' 1985 Tax Increment Bond - $100,000 General Obligation Tax Increment Bond is to finance redevelopment <br />costs of TIF District No. 1. <br />1989A Improvement Bonds - $530,000 General Obligation Improvement Bond is to finance several <br />improvement projects construction costs. <br />' 1989B Tax Increment Bonds - $235,000 General Obligation Tax Increment Bond is to finance water, <br />sewer, and park improvements in TIF Districts No. 1 and 4. <br />1989C Tax Increment Bonds - $235,000 General Obligation Tax Increment Bond is to finance site <br />improvements in TIF Districts No. 1 and 4. <br />I 1992B Improvement Bonds - $620,000 General Obligation Improvement Bond is to finance public <br />improvements and refund $420,000 of General Obligation Improvement Bond of 1984. <br />1993A Tax Increment Refunding Bonds - $2,225,000 Genera] Obligation Tax Increment Refunding Bond <br />is to refund General Obligation Tax Increment Bond of 1987A. <br />1995A Tax Increment Bonds - $2,600,000 General Obligation Tax Increment Bond is to finance street <br />' improvements in TIF Districts No. 1, 2, and 4. <br />1996A Tax Increment Refunding Bonds - $330,000 General Obligation Tax Increment Refunding Bond <br />' is to refund the General Obligation Tax Increment Bond of 1987B. <br />1999A Tax Increment Bonds - $1,195,000 General Obligation Tax Increment Bond is to finance the Senior <br />' Housing Development Project undertaken jointly with Anoka County Housing and Redevelopment <br />Authority. <br />1999A (EDA) Lease Revenue Bonds - $1,665,000 Public Facility Lease Revenue Bond is to finance the <br />construction of Fire Station No. 2. <br /> <br /> <br /> <br />-52- <br />