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• 2014 General Obligation Bonds – The 2014 bonds were issued for multiple purposes: to refund the 2005 HRA Public Project <br />Revenue Bonds (Big Island); to fund water infrastructure improvements including a new well; and to fund the construction of the <br />Public Safety Garage. Funding is a combination of property taxes; water revenues; and a transfer from the General Fund related to <br />revenues from the Mound police service contract. 2028 will be the final year of tax levy for these bonds. <br /> <br />• 2021 GO Improvement Bonds – The 2016 bonds were issued to fund the Supplemental CIP that the Council passed in 2021 for the <br />construction of the new Public Works building and Fire Station. Funding for repayment is through the property tax levy. <br /> <br /> <br /> <br />Fund-Department Descriptions <br />Page 58