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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2024 <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 />2007A G.O. TIF Bonds Infrastructure improvements Tax increment, MSA 2008 - 2024 $ - $285,775 $140,471 <br />funding via transfers <br />2012A G.O. Bonds Infrastructure improvements 2013 - 2024 $ - $166,361 $ - <br />2013A Improvement Bonds Infrastructure improvements Special assessments 2014 - 2024 $ - $66,300 $ - <br />2014A Improvement Bonds Infrastructure improvements Special assessments 2015 - 2026 $198,048 $161,151 $124,165 <br />2015A G.O. Bonds Infrastructure improvements Ad valorem taxes 2016 - 2031 $1,604,319 $258,713 $274,589 <br />2015B EDA Lease Revenue Bonds Construction of a fire station Ad valorem taxes 2016 - 2036 $3,586,269 $302,538 $319,765 <br />2016A Capital Note Cable communications equipment Franchise fees 2016 - 2024 $ - $36,185 $37,994 <br />2016A Utility Revenue Bonds Water infrastructure improvements 2017 - 2027 $458,450 $155,350 $155,350 <br />2018A G.O. Bonds Infrastructure improvements 2019-2034 $6,178,869 $641,413 $538,230 <br />2020A G.O. Utility Revenue Bonds Infrastructure improvements 2021-2035 $3,804,100 $344,500 $344,500 <br />2021A G.O. Street Reconstruction Bonds Infrastructure improvements 2021-2032 $1,584,517 $199,695 $207,895 <br />2024 G.O. Water Revenue Note (MPFA) Water treatment plant 2025-2044 $1,254,885 $ - $ - <br />Water fund charges <br />for services <br />Ad valorem taxes <br />Trunk utility charges <br />via transfers <br />Ad valorem taxes, <br />trunk utility charges, <br />special assessments <br />Ad valorem taxes, <br />special assessments <br />Trunk utility charges <br />via transfers <br />Current YearRevenue Pledged <br /> <br /> <br /> <br />64 <br />Page 100 of 353