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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
<br />REVENUE PLEDGED
<br />Future revenue pledged for the payment of long-term debt is as follows:
<br />Revenue Pled
<br />ed
<br />Current
<br />Year
<br />Remaining
<br />Principal
<br />Pledged
<br />Term of
<br />Principal
<br />and Interest
<br />Revenue
<br />Bond Issue
<br />Use of Proceeds
<br />Type
<br />Pledge
<br />and Interest
<br />Paid
<br />Received
<br />Certificates of Indebtedness
<br />Equipment purchases
<br />Ad valorem taxes
<br />2019- 2023
<br />$335,080
<br />$335,511
<br />$352,286
<br />2007A G.O. TIF Bonds
<br />Infrastructure improvements
<br />Tax increment, MSA
<br />2008 - 2024
<br />$840,294
<br />$267,126
<br />$267,126
<br />funding via transfers
<br />2012A G.O. Bonds
<br />Infrastructure improvements
<br />Ad valorem taxes,
<br />2013 - 2024
<br />$501,763
<br />$168,560
<br />$175,896
<br />special assessments
<br />2013A Improvement Bonds
<br />Infrastructure improvements
<br />Special assessments
<br />2014 - 2024
<br />$206,700
<br />$69,000
<br />$39,000
<br />2014A Improvement Bonds
<br />Infrastructure improvements
<br />Special assessments
<br />2015 -2026
<br />$680,534
<br />$406,390
<br />$125,601
<br />2015A G.O. Bonds
<br />Infrastructure improvements
<br />Ad valorem taxes
<br />2016 - 2031
<br />$2,368,206
<br />$256,263
<br />$266,923
<br />2015B EDA Lease Revenue Bonds
<br />Construction of a fire station
<br />Ad valorem taxes
<br />2016 - 2036
<br />$4,486,206
<br />$299,488
<br />$316,877
<br />2016A Capital Note
<br />Cable communications equipment
<br />Franchise fees
<br />2016 - 2024
<br />$108,141
<br />$35,739
<br />$37,526
<br />2016A Utility Revenue Bonds
<br />Water infrastructure improvements
<br />Trunk utility charges via
<br />2017 - 2027
<br />$928,150
<br />$158,900
<br />$158,900
<br />transfers
<br />2016C G.O. Tax Abatement Bonds
<br />Infrastructure improvements
<br />Ad valorem taxes
<br />2017 - 2023
<br />$603,893
<br />$285,423
<br />$313,567
<br />Ad valorem taxes, trunk
<br />2018A G.O. Bonds
<br />Infrastructure improvements
<br />utility charges, special
<br />2019-2034
<br />$8,095,356
<br />$631,413
<br />$877,094
<br />assessments
<br />2020A G.O. Utility Revenue Bonds
<br />Infrastructure improvements
<br />Trunk utility charges via
<br />2021-2035
<br />$4,841,100
<br />$412,061
<br />$643,791
<br />transfers
<br />2021A G.O. Street Reconstruction Bonds
<br />Infrastructure improvements
<br />Ad valorem taxes
<br />2021-2032
<br />$2,018,495
<br />S -
<br />$ -
<br />61
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