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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2020
<br />
<br />
<br />
<br />
<br />REVENUE PLEDGED
<br />
<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 2017 - 2023 $670,591 $545,512 $572,788
<br />2007A G.O. TIF Bonds Infrastructure improvements 2008 - 2024 $1,107,421 $261,026 $261,844
<br />2011 - 2020 $ - $116,725 $120,180
<br />2012A G.O. Bonds Infrastructure improvements 2013 - 2024 $670,323 $170,520 $178,080
<br />2013A Improvement Bonds Infrastructure improvements Special assessments 2014 - 2024 $275,700 $71,100 $39,000
<br />2014A Improvement Bonds Infrastructure improvements Special assessments 2015 - 2026 $1,086,924 $401,788 $346
<br />2015A G.O. Bonds Infrastructure improvements Ad valorem taxes 2016 - 2031 $2,624,469 $255,313 $271,228
<br />2015B EDA Lease Revenue Bonds Construction of a fire station Ad valorem taxes 2016 - 2036 $4,785,694 $298,938 $317,297
<br />2016A Capital Note Cable communications equipment Franchise fees 2016 - 2024 $143,880 $36,399 $38,219
<br />2016A Utility Revenue Bonds Water infrastructure improvements 2017 - 2027 $1,087,050 $161,700 $163,100
<br />2016B Improvement Bonds Infrastructure improvements 2017 - 2020 $513,825 $505,868 $460,402
<br />2016C G.O. Tax Abatement Bonds Infrastructure improvements Ad valorem taxes 2017 - 2023 $889,315 $273,770 $308,570
<br />2018A G.O. Bonds Infrastructure improvements 2019-2034 $8,726,767 $367,788 $1,321,860
<br />2020A G.O. Utility Revenue Bonds Infrastructure improvements 2021-2036 $5,253,161 $ - $ -
<br />Trunk utility charges via
<br />transfers
<br />Ad valorem taxes, trunk
<br />utility charges, special
<br />assessments
<br />Tax increment, MSA
<br />funding via transfers
<br />Ad valorem taxes,
<br />special assessments
<br />Special assessments, tax
<br />increment
<br />Trunk utility charges via
<br />transfers
<br />Current Year
<br />2010A Improvement and Utility Revenue Bonds General and water infrastructure
<br />improvements
<br />Special assessments,
<br />trunk utility charges
<br />Revenue Pledged
<br />
<br />
<br />
<br />
<br />62
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