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<br />- 13 -
<br />Lease Obligations*
<br />
<br /> Est. Principal
<br /> Date Original Final Outstanding
<br /> of Issue Amount Purpose Maturity As of 7-15-21
<br />
<br /> 6-18-15 $4,350,000 Fire Station 4-1-2036 $3,485,000
<br />
<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 /> 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 />
<br />2021 (at 7-15) $ 359,000 $ 489,632 (Paid) $ 5,729
<br />2022 859,360 1,113,105 $ 100,000 109,851
<br />2023 929,885 1,159,533 100,000 106,604
<br />2024 855,475 1,061,463 100,000 103,286
<br />2025 670,000 855,968 35,000 36,208
<br />2026 685,000 851,978 35,000 35,402
<br />2027 755,000 898,926
<br />2028 735,000 854,324
<br />2029 760,000 857,541
<br />2030 775,000 853,195
<br />2031 800,000 857,268
<br />2032 605,000 643,176
<br />2033 430,000 452,657
<br />2034 440,000 447,700
<br />
<br />Total $9,658,720(b) $11,396,466 $370,000 $397,080
<br />
<br />(a) Includes estimated debt service on the Bonds. (b) 76.5% of this debt will be retired within ten years.
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