Sumner Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
General Obligation Industrial Related Sumner Municipal Light Plant had severe flood damage in July of 2017. City borrowed money and loaned to SMLP to help stabilize electrical service. 06-30-2037 $950,000.00
General Obligation Public Buildings/Schools Replace recycling center that caught fire and water line upgrades, $400K and $150K, respectively.. 06-01-2026 $450,000.00
General Obligation Other Water tower repairs & economic development 06-01-2019 $79,000.00
Revenue Bonds Utilities/Sewers Upgrade waste water treatment plant 06-01-2024 $1,060,000.00
Revenue Bonds Utilities/Sewers Waste water treatment plant upgrade II. 04-13-2024 $627,659.68
Total Debt as of 2018: $3,166,659.68

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