Webster City Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
General Obligation Transportation GO Bond to refund 2020A Road Use Revenue Bond, pay for 2020 & 2021 2nd Street Projects, Trails, Police Radios, Parking Lots 06-01-2040 $9,690,000.00
General Obligation Transportation Street Reconstruction, Sidewalk/Trail Construction, Storm Sewer Utility Relocation 06-01-2029 $3,440,000.00
Revenue Bonds Utilities/Sewers This is a refinancing revenue bond for constructing transmission and generation improvements for the municipal electric department. 11-01-2036 $12,735,000.00
Revenue Bonds Utilities/Sewers Water Revenue Bond Refunded 2012A Water Bond and used for Water Distribution Projects & portion of Street Bldg housing water distribution items 06-01-2041 $5,055,000.00
Revenue Bonds Parks/Recreation This loan is to pay for improvements to our recreation building 03-01-2041 $1,641,691.72
Revenue Bonds Industrial Related USDA Pass through loan from their REDLG program. Money went to Mary Ann's Specialty Foods who is reimbursing the City for the payments each month 11-15-2027 $647,058.72
Revenue Bonds Health Care USDA Pass through loan from their REDLG program. Money went to Van Diest Medical Center who is reimbursing the City for the payments each month 06-25-2026 $504,201.60
Capital Leases/Lease to Purchase Public Safety Lease - 2019 Chevy Tahoe Police Car 09-01-2022 $17,330.82
Capital Leases/Lease to Purchase Public Safety Lease - 2019 Chevy Tahoe Police Car 05-01-2022 $16,244.88
Capital Leases/Lease to Purchase Public Safety Lease - 2019 Chevy Tahoe Police Car 05-01-2022 $12,730.53
Loans Housing/Urban Dev. An internal loan between funds. Electric Utility loaned Brewer Creek Estates money to construct a housing development 06-01-2028 $2,596,804.38
Loans Utilities/Sewers Internal Loan from General Economic Development Fund to Sewer Fund to purchase the land for the new plant 06-01-2023 $600,000.00
Loans Utilities/Sewers An internal loan between funds. Electric Utility loaned Sewer Utility money for the sewer portion of the 2020 2nd Street Reconstruction Project. 12-01-2031 $511,400.80
Loans Other This is the 2002 Water Distribution Improvement located in the Southwest Urban Renewal Area TIF. 06-01-2024 $4,560.71
Total Debt as of 2021: $37,472,024.16

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