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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
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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 2019- 2023 $335,080 $335,511 $352,286
<br />2007A G.O. TIF Bonds Infrastructure improvements 2008 - 2024 $840,294 $267,126 $267,126
<br />2012A G.O. Bonds Infrastructure improvements 2013 - 2024 $501,763 $168,560 $175,896
<br />2013A Improvement Bonds Infrastructure improvements Special assessments 2014 - 2024 $206,700 $69,000 $39,000
<br />2014A Improvement Bonds Infrastructure improvements Special assessments 2015 - 2026 $680,534 $406,390 $125,601
<br />2015A G.O. Bonds Infrastructure improvements Ad valorem taxes 2016 - 2031 $2,368,206 $256,263 $266,923
<br />2015B EDA Lease Revenue Bonds Construction of a fire station Ad valorem taxes 2016 - 2036 $4,486,206 $299,488 $316,877
<br />2016A Capital Note Cable communications equipment Franchise fees 2016 - 2024 $108,141 $35,739 $37,526
<br />2016A Utility Revenue Bonds Water infrastructure improvements 2017 - 2027 $928,150 $158,900 $158,900
<br />2016C G.O. Tax Abatement Bonds Infrastructure improvements Ad valorem taxes 2017 - 2023 $603,893 $285,423 $313,567
<br />2018A G.O. Bonds Infrastructure improvements 2019-2034 $8,095,356 $631,413 $877,094
<br />2020A G.O. Utility Revenue Bonds Infrastructure improvements 2021-2035 $4,841,100 $412,061 $643,791
<br />2021A G.O. Street Reconstruction Bonds Infrastructure improvements 2021-2032 $2,018,495 $ - $ -
<br />Current YearRevenue Pledged
<br />Ad valorem taxes
<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 />Trunk utility charges via
<br />transfers
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