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Exhibit 1 <br />VILLAGE OF LINO LAKES <br />ANOKA COUNTY, MINNESOTA <br />REQUIREMENT FOR DEBT REDEMPTION, PRINCIPAL AND INTEREST <br />Street Improvement Bonds (Special Assessment Bonds) <br />Street Improvement #1 Street Improvement #2 <br />$5,000.00 4% Interest $6,000.00 3 1/4% Interest <br />Dated 7 -1 -1956 Dated 12 -1 -1963 Total <br />Principal Interest due Interest due <br />Principal 1 -1 7 -1 Principal 6 -1 12 -1 <br />1964 $ 500.00 $ 60.00 $ 210.00 $ 770.00 <br />1965 500.00 40.00 210.00 750.00 <br />1966 500.00 20.00 $ 1,000.00 210.00 1,730.00 <br />1967 1,000.00 175.00 1,175.00 <br />1968 1,000.00 140.00 1,140.00 <br />1969 1,000.00 105.00 1,105.00 <br />1970 1,000.00 70.00 1,070.00 <br />1971 1,000.00 35.00 1,035.00 <br />$ 1,500.00 $ 120.00 $ 6'000.00 $ 1,155.00 $ 8,775.00 <br />Street :. mprovement #1 <br />Payable at First State Bank, New Brighton, Minnesota, Plus service charges. <br />Bonds due after January 1, 1964, will be subject to redemption in inverse <br />numerical order on January 1, 1959, and any interest payment date thereafter at <br />par, accrued interest and a premium of $20.00 for each bond redeemed. <br />Street Improvement #2 <br />Payable at the First State Bank, New Brighton, Minnesota, plus service charges. <br />All bonds maturing after December 1, 1966, will be subject to redemption and <br />prior payment in inverse numerical order on December 1, 1966, and any interest <br />payments date thereafter, at par, accrued interest, and a premium of $20.00 for <br />each bond redeemed. <br />The proceeds from the sale of these bonds were received January 14, 1964, <br />- 16 - <br />