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Description of Bonds
<br />1) Temporary Improvement
<br />2) Municipal Building
<br />3) G.O. Improvement Bonds of 1974
<br />Schedule A -8
<br />CITY. OF LINO LAKES
<br />AnokaaCounty, Minnesota,
<br />BONDED INDEBTEDNESS
<br />December 31, 1974
<br />Balance 1974 Balance
<br />1/1/74 Issued Payments 12/31/74
<br />$550,000.00 $ $550,000.00 $
<br />90,000.00 10,000.00 80,000.00
<br />180,000.00 180,000.00
<br />Totals $640,000.00 $180,000.00 $560,000.00 $260,000.00
<br />1 Details on Bond Issues Outstanding:
<br />Date of Amount of Interest Payment Maturity
<br />Issue Issue Rates Dates Date
<br />II1) 11/1/71; $550,000.00 3.60% 5/1/.& 11/1 11/1/74
<br />2) 3/1/70 100,000.00 6.50 - 6.80% 3/1 & 9/1 3/1/82
<br />II3) 10/15/74 180,000.00 *6.50% 1/15 & 7/15 1/15/81
<br />*Net Interest Cost 6.85762%
<br />1 Schedule A -8a
<br />DETAILS ON PRINCIPAL AND INTEREST ON BONDS BY YEARS
<br />December 31, 1974
<br />IIMunicipal Building Bonds:
<br />1 Principal Interest_ *Tax
<br />March 1 March 1
<br />September,1 Levy
<br />1 1974 $ $ $ $15,500.00
<br />1975 10,000.00 2,685.00 2,347.50. 14,800.00
<br />1976 10,000.00 2,347.50 2,022.50 14,100.00
<br />1977 10,000.00 2,022.50 1,692.50 13,400.00
<br />1 1978 10,000.00 1,692.50 1,357.50 12,700.00
<br />1979 10,000.00 1,357.50 1,020.00 12,000.00
<br />1980 10,000.00 1,020.00 680.00 11,300.00
<br />I 1981 10,000.00 680.00 340.00
<br />1982 10,000.00 340.00
<br />IITotal $80,000.00 $12,145.00 $9.,460.00 $93,800.00
<br />II*Collectible-during year following levy.
<br />1
<br />(Continued)
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