Grimes Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
General Obligation Transportation Street, utility, sidewalk, storm water construction, waterway improvements, ambulance purchase, trail & park development/imp 06-01-2033 $9,605,000.00
General Obligation Transportation Street projects. SE 19th, N Main, N James, N Sports Complex, PW Building 06-24-2035 $7,160,000.00
General Obligation Transportation Street construction, Hwy 141 project, park projects 06-26-2033 $4,645,000.00
General Obligation Transportation SE Main Street Improvement project as well as Storm Water and Sanitary Sewer Improvements, 06-01-2032 $4,395,000.00
General Obligation Transportation Refinance 2007 issue-Constructing street, water and sanitary sewer projects as well as purchase for new land for the North Sports Complex 06-01-2031 $4,155,000.00
General Obligation Transportation This debt primarily funded the Hwy 44 reconstruction project. 06-01-2024 $4,000,000.00
Revenue Bonds Utilities/Sewers 2019 New Jordan Well 06-01-2039 $4,200,000.00
Revenue Bonds Utilities/Sewers 2019 New water tower construction 06-01-2040 $3,800,000.00
Revenue Bonds Utilities/Sewers Improvements to the WW plant 06-01-2036 $3,003,000.00
Revenue Bonds Utilities/Sewers SRF Loan for a new Jordan Well 05-28-2033 $1,559,000.00
Revenue Bonds Utilities/Sewers 16" Water main construction 06-01-2039 $1,559,000.00
Revenue Bonds Utilities/Sewers Expansion of the waste water plant 06-01-2021 $762,000.00
Revenue Bonds Utilities/Sewers Construction of a new water plant 06-01-2021 $718,000.00
Revenue Bonds Utilities/Sewers Improvements to the water plant 06-01-2036 $489,000.00
Revenue Bonds Utilities/Sewers Construction of the new water plant 06-01-2021 $84,000.00
Capital Leases/Lease to Purchase Public Safety Lease of a new Fire Truck 12-21-2020 $142,656.00
Total Debt as of 2019: $50,276,656.00

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