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<br />Lease Obligations*
<br />
<br /> Est. Principal
<br /> Date Original Final Outstanding
<br /> of Issue Amount Purpose Maturity As of 12-19-18
<br />
<br /> 6-18-15 $4,350,000 Fire Station 4-1-2036 $4,015,000
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<br />* These bonds were issued by the Lino Lakes Economic Development Authority, Minnesota (the “Authority”) and
<br />are payable from annual appropriation lease payments made by the City to the Authority pursuant to a lease
<br />agreement. This issue is subject to the legal debt limit.
<br />
<br />
<br />Estimated Calendar Year Debt Service Payments Including the Bonds
<br />
<br /> G.O. Debt Supported G.O. Special
<br /> Solely by Taxes Assessment Debt
<br /> Principal Principal
<br />Year Principal & Interest(a) Principal & Interest
<br />2018 (at 12-19) $ 521,250 $ 533,300 (Paid) (Paid)
<br />2019 801,175 982,374 $ 945,000 $ 990,018
<br />2020 652,000 886,457 875,000 907,325
<br />2021 647,000 867,232 845,000 863,614
<br />2022 645,790 851,139 100,000 109,851
<br />2023 665,790 855,774 100,000 106,604
<br />2024 685,790 859,718 100,000 103,286
<br />2025 530,790 689,541 35,000 36,208
<br />2026 540,790 685,207 35,000 35,403
<br />2027 585,000 712,378
<br />2028 555,000 663,015
<br />2029 575,000 665,013
<br />2030 595,000 667,365
<br />2031 610,000 663,389
<br />2032 420,000 456,803
<br />2033 435,000 457,586
<br />2034 450,000 457,650
<br />Total $9,915,375(b) $11,953,941 $3,035,000 $3,152,309
<br /> (a) Includes the Street Reconstruction Portion of the Bonds at an assumed average annual interest rate of 3.32%. (b) 63.3% of this debt will be retired within ten years.
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