Sumner Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
General Obligation Utilities/Sewers Urban Renewal Bond Series 2020A Detention Basins 06-01-2034 $2,000,000.00
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 $850,000.00
General Obligation Utilities/Sewers GO Bond 2020B Detetion Basins 06-01-2033 $730,000.00
General Obligation Public Buildings/Schools Replace recycling center that caught fire and water line upgrades, $400K and $150K, respectively.. 06-01-2026 $345,000.00
Revenue Bonds Utilities/Sewers Water hwy 93 infrastructure project 06-01-2039 $1,089,693.00
Revenue Bonds Utilities/Sewers Upgrade waste water treatment plant 06-01-2024 $729,000.00
Revenue Bonds Utilities/Sewers Waste water treatment plant upgrade II. 04-13-2024 $607,000.00
Total Debt as of 2020: $6,350,693.00

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