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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2012
<br />
<br />48
<br />
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2012 is composed of the following:
<br />
<br />Final
<br />IssueMaturityInterestOriginal Payable
<br />DateDateRateIssue12/31/2012
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2010A Equipment Certificates4/1/201012/31/20132.00%-3.00%170,000 60,000 $
<br />2011A Equipment Certificates2/14/1112/31/20141.00%120,000 81,000
<br />2012A Equipment Certificates2/1/1212/31/20141.00%150,000 150,000
<br />G.O. Tax Abatement Bonds, Series 2006C8/15/20062/1/20234.00%-4.30%2,460,000 2,345,000
<br />G.O. Utility Revenue Bonds, Series 2006D8/15/20062/1/20174.00%-4.15%570,000 315,000
<br />G.O. CIP Refunding Bonds, Series 2006E11/1/20062/1/20184.00%2,990,000 2,285,000
<br />G.O. Tax Increment Financing Bonds, Series 2007A7/15/20072/1/20244.00%-4.125%4,215,000 3,395,000
<br />G.O. Refunding Bonds, Series 2012A11/15/20122/1/20241.00%-2.00%2,015,000 2,015,000
<br />Total General Obligation Bonds 13,026,000 10,646,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2002A8/1/20022/1/20133.00%-4.10%645,000 30,000
<br />G.O. Improvement Bonds, Series 2002B8/1/20022/1/20133.20%-5.55%2,110,000 265,000
<br />G.O. Improvement Refunding Bonds, Series 2003A12/1/20032/1/20192.00%-4.25%2,090,000 485,000
<br />G.O. Improvement Bonds, Series 2003B12/1/20032/1/20143.20%-5.60%250,000 65,000
<br />G.O. Improvement Bonds, Series 2005A11/1/20052/1/20214.35%-5.15%5,550,000 3,850,000
<br />G.O. Improvement Refunding Bonds, Series 2005B11/1/20052/1/20153.75%-5.00%3,755,000 1,270,000
<br />G.O. Improvement & Utility Revenue Refunding Bonds,
<br />Series 2010A 7/9/20102/1/20202.00%-3.00%1,000,000 815,000
<br />Total Special Assessment Bonds 15,400,000 6,780,000
<br />Total Bonds 28,426,000 17,426,000
<br />Note Payable - Anoka County - 2009A8/1/20098/1/20244.00%-3.70%4,260,000 3,695,000
<br />Unamortized Bond Discounts (45,490) (25,152)
<br />Unamortized Bond Premiums 202,370 67,373
<br />Compensated Absences Payable N/A634,572
<br />Other Post Employment Benefit Plan N/A77,821
<br />Total Governmental Activities 32,842,880 $ 21,875,614 $
<br />Business-Type Activities:
<br />Revenue Bonds:
<br />Compensated Absences Payable N/A43,410
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