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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2015
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2015 is composed of the
<br />following:
<br />Final
<br />Issue
<br />Maturity
<br />Interest
<br />Original
<br />Payable
<br />Date
<br />Date
<br />Rate
<br />Issue
<br />12/31/2015
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2013A Equipment Certificates
<br />2/1/2013
<br />12/31/2015
<br />1.00%
<br />$ 193,000
<br />$ 65,000
<br />2014A Equipment Certificates
<br />2/15/2014
<br />12/31/2017
<br />1.00%
<br />495,000
<br />335,000
<br />2015A Equipment Certificates
<br />2/1/2015
<br />12/31/2018
<br />1.00%
<br />198,250
<br />198,250
<br />2015B Equipment Certificates
<br />8/25/2015
<br />12/31/2020
<br />1.50%
<br />963,000
<br />963,000
<br />G.O. Tax Abatement Bonds, Series 2006C
<br />8/15/2006
<br />2/1/2023
<br />4.00%-4.30%
<br />2,460,000
<br />1,925,000
<br />G.O. Utility Revenue Bonds, Series 2006D
<br />8/15/2006
<br />2/1/2017
<br />4.00%-4.15%
<br />570,000
<br />135,000
<br />G.O. CIP Refunding Bonds, Series 2006E
<br />11/1/2006
<br />2/1/2018
<br />4.00%
<br />2,990,000
<br />1,210,000
<br />G.O. Tax Increment Financing Bonds,
<br />Series 2007A
<br />7/15/2007
<br />2/1/2024
<br />4.00%-4.125%
<br />4,215,000
<br />2,405,000
<br />G.O. Refunding Bonds, Series 2012A
<br />11/15/2012
<br />2/1/2024
<br />1.00%-2.00%
<br />2,015,000
<br />1,725,000
<br />G.0 Bonds 2015A
<br />8/1/2015
<br />2/1/2031
<br />2.00%-3.00%
<br />3,095,000
<br />3,095,000
<br />EDA Leased Revenue Bonds 2015B
<br />10/1/2015
<br />4/1/2036
<br />2.00%-3.00%
<br />4,350,000
<br />4,350,000
<br />Total General Obligation Bonds
<br />21,664,250
<br />16,406,250
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2005A
<br />11/1/2005
<br />2/1/2021
<br />4.35%-5.15%
<br />5,550,000
<br />2,760,000
<br />G.O. Improvement Refunding Bonds,
<br />Series 2005B
<br />11/1/2005
<br />2/1/2015
<br />3.75%-5.00%
<br />3,755,000
<br />-
<br />G.O. Improvement & Utility Revenue Refunding
<br />Bonds, Series 2010A
<br />7/9/2010
<br />2/1/2020
<br />2.00%-3.00%
<br />1,000,000
<br />525,000
<br />G.O. Improvement Bonds, Series 2013A
<br />7/15/2013
<br />2/1/2024
<br />1.25%-4.00%
<br />615,000
<br />555,000
<br />G.O. Improvement Bonds, Series 2014A
<br />11/20/2014
<br />2/1/2026
<br />0.40%-2.30%
<br />2,645,000
<br />2,645,000
<br />Total Special Assessment Bonds
<br />13,815,000
<br />6,485,000
<br />Total Bonds
<br />35,479,250
<br />22,891,250
<br />Note Payable - Anoka County - 2009F
<br />8/1/2009
<br />8/1/2024
<br />4.00%-3.70%
<br />4,260,000
<br />1,720,000
<br />Unamortized Bond Discounts
<br />(45,490)
<br />(29,089)
<br />Unamortized Bond Premiums
<br />202,370
<br />135,130
<br />Compensated Absences Payable
<br />N/A
<br />688,905
<br />Other Post Employment Benefit Plan
<br />N/A
<br />90,852
<br />Total Governmental Activities
<br />$ 39,896,130
<br />$ 25,497,048
<br />Business -Type Activities:
<br />Compensated Absences Payable N/A $ 64,184
<br />49
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