During fiscal year 2018, The County borrowed $1,430,000 of General Obligation Bonds for the purpose of paying the cost, to that extent, of undertaking an urban renewal project in the Greater Downtown Urban Renewal Area of which consists of exterior renovations and roofing repairs to the Dubuque County courthouse. The interest rates on the bonds range from 2.00% to 2.60% with a maturity date of June 1, 2023.

During fiscal year 2019, the County borrowed $11,830,000 of General Obligation Bonds for the urban renewal project in the City of Dubuque's Dubuque Industrial Center Economic Development District consisting of constructing a new County building including administrative office space and a maintenance and storage shop. The interest rates on the bonds range from 3.00% to 5.00%, with a maturity date of June 1, 2033.

A summary of the County's June 30, 2023, indebtedness is as follows:

Years Ending June 30, General Obligation Bonds General Obligation Landfill Bonds

General Obligation

Principal Interest Principal Interest

2024 $ 1,355,000 $ 482,581 $ 465,000 $ 198,609

2025 1,405,000 428,031 475,000 186,065

2026 1,460,000 378,181 490,000 172,965

2027 1,515,000 326,031 505,000 158,865

2028 1,560,000 277,856 520,000 144,327

2029-2033 8,465,000 725,650 2,860,000 480,055

2034-2036 - - 1,295,000 74,760

Total $ 15,760,000 $ 2,618,330 $ 6,610,000 $ 1,415,646

Rural Economic Development Loan Total

Years Ending June 30, Principal Interest Principal Interest

2024 $ 41,617 $ 833 $ 1,861,617 $ 682,023

2025 41,667 517 1,921,667 614,613

2026 - - 1,950,000 551,146

2027 - - 2,020,000 484,896

2028 - - 2,080,000 422,183

2029-2033 - - 11,325,000 1,205,705

2034-2036 - - 1,295,000 74,760

Total $ 83,284 $ 1,350 $ 22,453,284 $ 4,035,326

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