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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2015
<br />
<br />49
<br />
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2015 is composed of the following:
<br />
<br />Final
<br />Issue Maturity Interest Original Payable
<br />Date Date Rate Issue 12/31/2015
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2013A Equipment Certificates 2/1/2013 12/31/2015 1.00% 193,000$ 65,000$
<br />2014A Equipment Certificates 2/15/2014 12/31/2017 1.00% 495,000 335,000
<br />2015A Equipment Certificates 2/1/2015 12/31/2018 1.00% 198,250 198,250
<br />2015B Equipment Certificates 8/25/2015 12/31/2020 1.50% 963,000 963,000
<br />G.O. Tax Abatement Bonds, Series 2006C 8/15/2006 2/1/2023 4.00%-4.30% 2,460,000 1,925,000
<br />G.O. Utility Revenue Bonds, Series 2006D 8/15/2006 2/1/2017 4.00%-4.15% 570,000 135,000
<br />G.O. CIP Refunding Bonds, Series 2006E 11/1/2006 2/1/2018 4.00% 2,990,000 1,210,000
<br />G.O. Tax Increment Financing Bonds,
<br /> Series 2007A 7/15/2007 2/1/2024 4.00%-4.125% 4,215,000 2,405,000
<br />G.O. Refunding Bonds, Series 2012A 11/15/2012 2/1/2024 1.00%-2.00% 2,015,000 1,725,000
<br />G.O Bonds 2015A 8/1/2015 2/1/2031 2.00%-3.00% 3,095,000 3,095,000
<br />EDA Leased Revenue Bonds 2015B 10/1/2015 4/1/2036 2.00%-3.00% 4,350,000 4,350,000
<br />Total General Obligation Bonds 21,664,250 16,406,250
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2005A 11/1/2005 2/1/2021 4.35%-5.15% 5,550,000 2,760,000
<br />G.O. Improvement Refunding Bonds,
<br /> Series 2005B 11/1/2005 2/1/2015 3.75%-5.00% 3,755,000 -
<br />G.O. Improvement & Utility Revenue
<br />Refunding Bonds, Series 2010A 7/9/2010 2/1/2020 2.00%-3.00% 1,000,000 525,000
<br />G.O. Improvement Bonds, Series 2013A 7/15/2013 2/1/2024 1.25%-4.00% 615,000 555,000
<br />G.O. Improvement Bonds, Series 2014A 11/20/2014 2/1/2026 0.40%-2.30% 2,645,000 2,645,000
<br />Total Special Assessment Bonds 13,815,000 6,485,000
<br />Total Bonds 35,479,250 22,891,250
<br />Note Payable - Anoka County - 2009F 8/1/2009 8/1/2024 4.00%-3.70% 4,260,000 1,720,000
<br />Unamortized Bond Discounts (45,490) (29,089)
<br />Unamortized Bond Premiums 202,370 135,130
<br />Compensated Absences Payable N/A 688,905
<br />Other Post Employment Benefit Plan N/A 90,852
<br />Total Governmental Activities 39,896,130$ 25,497,048$
<br />Business-Type Activities:
<br />Compensated Absences Payable N/A 64,184$
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