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City of Nowthen · Borrowed in 2019

G.O. Improvement Bonds, Series 2019A

Still being repaidSource checked

The terms

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

What will this cost altogether?

The total repayment is the principal plus the scheduled interest. The city's audited statements print scheduled interest for all of its bonds together, not issue by issue, so this page does not compute a total for the 2019A bonds. A rate of 3.00% alone does not give the interest without the yearly principal schedule.

Principal borrowed
$1,175,000
Scheduled interest
Not printed for this issue
Total repayment
Not computed

Audited long-term-debt note

How much remains?

About 45% of the principal was repaid by the end of 2025. $645,000 of the $1,175,000 borrowed was still owed, with the final payment due in 2030.

Repaid $530,000Still owed $645,000
Borrowed 2019Latest audit, end of 2025Final payment 2030

Principal only, from the audited year-end balances in the table below. Interest is not included.

What the money paid for

  • Street / road projectsource p.1

    Source description: Garnet Street improvements

    “Reimbursement Resolution 2019-27 Improvement Bonds (Garnet Street)”

  • Street / road projectsource p.1

    Source description: Halas Street improvements

    “Reimbursement Resolution 2019-24 Improvement Bonds (Halas Street)”

  • Meadows of Verde Valley Addition improvementssource p.1

    “Reimbursement Resolution 2019-25 Improvement Bonds (Meadows of Verde Valley Addition)”

  • Old Viking Blvd improvementssource p.1

    “Reimbursement Resolution 2019-23 Improvement Bonds (Old Viking Blvd)”

  • Rolling Hills improvementssource p.1

    “Reimbursement Resolution 2019-26 Improvement Bonds (Rolling Hills)”

How the repayment is going

Principal still owed at each year-end, from the audits. Where the audit does not print the year's payment, the amount paid down is the drop in the balance from the year before.

Year-endStill owedPaid down that yearSource
2019$1,175,000p.37
2020$1,175,000p.37
2021$1,075,000$100,000p.39
2022$975,000$100,000p.46
2023$870,000$105,000p.144
2024$765,000$105,000p.93
2025$645,000$120,000p.118

What it costs taxpayers

Budget and levy lines naming this issue, from the adopted budgets.

2021Taxes2019A Improvement Bonds — budget detail$62,800p.18
2021Special Assessments2019A Improvement Bonds — budget detail$49,275p.18
2021Interest earnings2019A Improvement Bonds — budget detail$2,000p.18
2021County Fees2019A Improvement Bonds — budget detail$1,000p.18
2021Principal & interest2019A Improvement Bonds — budget detail$133,750p.18
2021Fiscal agent fees2019A Improvement Bonds — budget detail$450p.18
2025Fiscal agent fees2019A Improvement Bonds — fund statement$475p.21
2025Ad Valorem Taxes-Current2019A Improvement Bonds — fund statement$25,775p.21
20252019A GO Improvement Bonds levyLevy resolution$25,775p.24
2025Special Assessments2019A Improvement Bonds — fund statement$40,130p.21
2025Interest earnings2019A Improvement Bonds — fund statement$3,000p.21
2025County Fees2019A Improvement Bonds — fund statement$1,000p.21
2025Bond Principal2019A Improvement Bonds — fund statement$120,000p.21
2025Bond Interest2019A Improvement Bonds — fund statement$21,150p.21

In the council record

Council motions that mention these bonds, ai-extracted from meeting records. Follow the links to check each one.

Read every discussion of these bonds in search.