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<br />General Obligation Utility Revenue Debt
<br />
<br /> Est. Principal
<br /> Date Original Final Outstanding
<br /> of Issue Amount Purpose Maturity As of 7-8-2020
<br />
<br /> 11-20-14 $1,135,000 Water Revenue 2-1-2025 $ 590,000
<br /> 11-23-16 1,420,000 Water Utility Revenue 2-1-2027 1,015,000
<br /> 12-19-18 1,670,000 Water and Sewer Utility Revenue 2-1-2034 1,600,000
<br /> 12-19-18 295,000 Water Utility Revenue 2-1-2029 275,000
<br /> 7-8-20 4,800,000 Water Tower #3 (the Bonds) 2-1-2035 4,800,000
<br />
<br /> Total $8,280,000
<br />
<br /> Lease Obligations*
<br />
<br /> Est. Principal
<br /> Date Original Final Outstanding
<br /> of Issue Amount Purpose Maturity As of 7-8-2020
<br />
<br /> 6-18-15 $4,350,000 Fire Station 4-1-2036 $3,665,000
<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 /> 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 Principal & Interest
<br />
<br />2020 (at 7-8) $ 530,000 $ 669,861 (Paid) $ 12,885
<br />2021 844,000 1,096,939 $ 845,000 863,614
<br />2022 747,325 978,681 100,000 109,851
<br />2023 640,790 850,640 100,000 106,604
<br />2024 665,790 854,310 100,000 103,286
<br />2025 515,790 685,807 35,000 36,208
<br />2026 525,790 677,823 35,000 35,403
<br />2027 575,000 705,394
<br />2028 555,000 662,681
<br />2029 575,000 663,044
<br />2030 590,000 661,056
<br />2031 610,000 662,803
<br />2032 415,000 451,656
<br />2033 430,000 452,656
<br />2034 440,000 447,700
<br />
<br />Total $8,659,485* $10,521,051 $1,215,000 $1,267,851
<br /> * 71.3% of this debt will be retired within ten years.
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