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City of Nowthen · Borrowed in 2019
Still being repaidVerified ✓
From the audited financial statements' long-term-debt notes. See the source page
Amount borrowed
$1,175,000
Interest rate
3.00%
Issued
July 16, 2019
Final payment due
Feb. 1, 2030
Still owed
$645,000
as of Wednesday, December 31, 2025
Source description: Garnet Street improvements
“Reimbursement Resolution 2019-27 Improvement Bonds (Garnet Street)”
Source description: Halas Street improvements
“Reimbursement Resolution 2019-24 Improvement Bonds (Halas Street)”
“Reimbursement Resolution 2019-25 Improvement Bonds (Meadows of Verde Valley Addition)”
“Reimbursement Resolution 2019-23 Improvement Bonds (Old Viking Blvd)”
“Reimbursement Resolution 2019-26 Improvement Bonds (Rolling Hills)”
Principal still owed at each year-end, from the audits.
Budget and levy lines naming this issue, from the adopted budgets.
| 2021 | Taxes2019A Improvement Bonds — budget detail | $62,800 | p.18 | Verified ✓ |
| 2021 | Special Assessments2019A Improvement Bonds — budget detail | $49,275 | p.18 | Verified ✓ |
| 2021 | Interest earnings2019A Improvement Bonds — budget detail | $2,000 | p.18 | Verified ✓ |
| 2021 | County Fees2019A Improvement Bonds — budget detail | $1,000 | p.18 | Verified ✓ |
| 2021 | Principal & interest2019A Improvement Bonds — budget detail | $133,750 | p.18 | Verified ✓ |
| 2021 | Fiscal agent fees2019A Improvement Bonds — budget detail | $450 | p.18 | Verified ✓ |
| 2025 | Fiscal agent fees2019A Improvement Bonds — fund statement | $475 | p.21 | Verified ✓ |
| 2025 | Ad Valorem Taxes-Current2019A Improvement Bonds — fund statement | $25,775 | p.21 | Verified ✓ |
| 2025 | 2019A GO Improvement Bonds levyLevy resolution | $25,775 | p.24 | Verified ✓ |
| 2025 | Special Assessments2019A Improvement Bonds — fund statement | $40,130 | p.21 | Verified ✓ |
| 2025 | Interest earnings2019A Improvement Bonds — fund statement | $3,000 | p.21 | Verified ✓ |
| 2025 | County Fees2019A Improvement Bonds — fund statement | $1,000 | p.21 | Verified ✓ |
| 2025 | Bond Principal2019A Improvement Bonds — fund statement | $120,000 | p.21 | Verified ✓ |
| 2025 | Bond Interest2019A Improvement Bonds — fund statement | $21,150 | p.21 | Verified ✓ |
Council motions that mention these bonds. Auto-extracted from meeting records — follow the links to verify.
“Approve Resolution 2024-XX approving the cancellation of the county debt service levy for the 2019A GO special assessment debt”
PassedTuesday, November 12, 2024 — Meeting City Council Meeting
“MOTION BY CM BREYEN, 2ND BY CM RAINVILLE TO APPROVE RESOLUTION 2024-XX APPROVING THE CANCELLATION OF THE COUNTY DEBT SERVICE LEVY FOR THE 2019A GO SPECIAL ASSESSMENT DEBT.”
Passed · 4 AYES. MOTION CARRIED. · moved by CM BREYEN, seconded by CM RAINVILLEMonday, September 23, 2024 — Meeting City Council Work Session
“approve resolution 2022-XX approving the cancellation of debt for 2019A bond”
PassedTuesday, October 11, 2022 — Meeting City Council Meeting
“MOTION BY COUNCIL MEMBER ALDERS SECONDED BY BLAKE TO APPROVE OF RESOLUTION 2022-XX APPROVING THE CANCELLATION OF DEBT FOR 2019A GENERAL OBLIGATION SPECIAL ASSESSMENTS BOND.”
Passed · 5 AYES · moved by Alders, seconded by BlakeTuesday, September 13, 2022 — Meeting City Council Meeting
Read every discussion of these bonds in search.