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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
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<br />REVENUE PLEDGED
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<br />Future revenue pledged for the payment of long-term debt is as follows:
<br />
<br />Remaining Principal Pledged
<br />Term of Principal and Interest Revenue
<br />Bond Issue Use of Proceeds Type Pledge and Interest Paid Received
<br />Certificates of Indebtedness Equipment purchases Ad valorem taxes 2016 - 2022 $912,989 $578,365 $604,408
<br />2007A G.O. TIF Bonds Infrastructure improvements 2008 - 2023 $1,368,447 $255,181 $255,181
<br />2011 - 2019 $116,725 $110,879 $110,524
<br />2012A G.O. Bonds Infrastructure improvements 2013 - 2023 $840,843 $243,445 $179,211
<br />2013A Improvement Bonds Infrastructure improvements Special assessments 2014 - 2023 $346,800 $73,755 $39,000
<br />2014A Improvement Bonds Infrastructure improvements Special assessments 2015 - 2025 $1,488,711 $410,113 $1,198
<br />2015A G.O. Bonds Infrastructure improvements Ad valorem taxes 2016 - 2030 $2,879,781 $260,168 $268,886
<br />2015B EDA Lease Revenue Bonds Construction of a fire station Ad valorem taxes 2016 - 2035 $5,084,631 $303,243 $314,208
<br />2016A Capital Note Cable communications equipment Franchise fees 2016 - 2025 $180,279 $38,029 $38,028
<br />2016A Utility Revenue Bonds Water infrastructure improvements 2017 - 2026 $1,248,750 $160,255 $160,800
<br />2016B Improvement Bonds Infrastructure improvements 2017 - 2020 $1,019,693 $507,585 $366,450
<br />2016C G.O. Tax Abatement Bonds Infrastructure improvements Ad valorem taxes 2017 - 2022 $1,163,085 $262,483 $287,787
<br />2018A G.O. Bonds Infrastructure improvements 2019-2033 $9,094,557 $174,045 $835,787
<br />Current Year
<br />2010A Improvement and Utility
<br />Revenue Bonds
<br />General and water infrastructure
<br />improvements
<br />Special assessments,
<br />trunk utility charges
<br />Revenue Pledged
<br />Ad valorem taxes,
<br />trunk utility charges,
<br />special assessments
<br />Tax increment, MSA
<br />funding via transfers
<br />Ad valorem taxes,
<br />special assessments
<br />Special assessments,
<br />tax increment
<br />Trunk utility charges
<br />via transfers
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<br />63
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