Grimes Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
General Obligation Transportation Street projects. SE 19th, N Main, N James, N Sports Complex, PW Building 06-24-2035 $8,500,000.00
General Obligation Transportation This debt primarily funded the Hwy 44 reconstruction project. 06-01-2024 $6,855,000.00
General Obligation Transportation SE Main Street Improvement project as well as Storm Water and Sanitary Sewer Improvements, 06-01-2032 $5,525,000.00
General Obligation Transportation Constructing street, water and sanitary sewer projects as well as purchase for new land for the North Sports Complex 08-07-2022 $2,830,000.00
General Obligation Utilities/Sewers Street, sewer and sanitary sewer improvements as well as improving a sports complex and purchase of a fire truck 06-01-2018 $655,000.00
General Obligation Industrial Related TIF Rebate for the additional percentage difference from Industrial Tax abatement 01-28-2023 $421,037.00
General Obligation Utilities/Sewers Sports Complex construction 06-16-2016 $250,000.00
General Obligation Housing/Urban Dev. TIF rebate for improvements done to a commercial building in the Governors District 01-28-2022 $64,000.00
Revenue Bonds Utilities/Sewers Construction of a new water plant 06-01-2021 $2,107,000.00
Revenue Bonds Utilities/Sewers Expansion of the waste water plant 06-01-2021 $2,013,000.00
Revenue Bonds Utilities/Sewers SRF Loan for a new Jordan Well 05-28-2023 $1,128,519.00
Revenue Bonds Housing/Urban Dev. TIF rebate agreement- rebate difference in taxes over and above industrial tax abatement 06-01-2022 $416,955.00
Revenue Bonds Utilities/Sewers Construction of the new water plant 06-01-2021 $234,000.00
Revenue Bonds Industrial Related TIF rebate agreement - can get increment up to $100,000 over the course of 5 years 06-01-2019 $200,000.00
Revenue Bonds Housing/Urban Dev. TIF Agreement with CRC - rebates will start in Fiscal 2014 06-01-2022 $146,706.00
Revenue Bonds Industrial Related TIF agreement with Premiere Concrete - rebate additional industrial tax 06-01-2020 $130,000.00
Revenue Bonds Transportation Agreement with Railroad for abandoning the line - reimburse them for revenue loss for storage 08-01-2017 $100,000.00
Revenue Bonds Housing/Urban Dev. TIF agreement with GD Development - first rebate will start in 2014 06-09-2019 $94,529.00
Revenue Bonds Industrial Related TIF Rebate with Right Stuff - will continue until 2016 06-01-2016 $9,766.00
Capital Leases/Lease to Purchase Other Two new snow plows 07-01-2018 $240,000.00
Capital Leases/Lease to Purchase Public Safety Lease purchase of a fire truck 09-01-2015 $0.00
Total Debt as of 2015: $31,920,512.00

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