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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2004
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2004 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original Payable
<br />Date Date Rate Issue 12/31/2004
<br />General Obligation Bonds:
<br />2002 Equipment Certificates 2/1/2002 12/31/2005 6.00% $ 140,000 $ 45,000
<br />2003A Equipment Certificates 2/1/2003 12/31/2006 6.00% 130,000 85,000
<br />2003B Equipment Certificates 3/31/2003 12/31/2006 4.00% 200,000 150,000
<br />2004A Equipment Certificates 2/1/2004 12/31 /2006 4.00% 274,000 274,000
<br />Civic Complex Lease Rev. Bonds - 98A 8/1/1998 2/1/2019 4.20 % -5.35% 5,350,000 4,615,000
<br />Public Project Revenue Ref. Bonds - 99C 9/1/1999 2/1/2010 4.75% -5.10% 980,000 595,000
<br />Total General Obligation Bonds 7,074,000 5,764,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Refunding Bonds, 8/1/1998 2/1/2015 4.50 % -4.90% 4,310,000 3,150,000
<br />Serie 1998A
<br />G.O. Improvement Refunding Bonds, 8/1/1998 2/1/2015 4.50 % -4.90% 2,000,000 1,550,000
<br />Series 1998B
<br />G.O. Improvement Refunding Bonds, 9/1/1999 2/1/2006 4.25 % - 4.70% 1,725,000 720,000
<br />Series 1999A
<br />G.O. Improvement Bonds, 8/1/2002 2/1/2013 3.00 % - 4.10% 645,000 550,000
<br />Series 2002A
<br />G.O. Improvement Bonds, 8/1/2002 2/1/2013 3,20% -5.55% 2,110,000 1,940,000
<br />Series 2002B
<br />G.O. Improvement Refunding Bonds, 12/1/2003 2/1/2019 3.00 % -4.10% 2,090,000 2,090,000
<br />Series 2003A
<br />G.O. Improvement Bonds, 12/1/2003 2/1/2014 3.20 % -5.55% 250,000 250,000
<br />Series 2003B
<br />G.O. Improvement and Utility Bonds, 11/15 /2004 2/1/2020 I.90% -4.45% 1,330,000 1,330,000
<br />Series 2004A
<br />Total Special Assessment Bonds 14,460,000 11,580,000
<br />Revenue Bonds:
<br />G.O. Water Revenue Bonds, 10/1/1996 2/1/2012 4.I0% -5,70% 3,320,000 2,285,000
<br />Series 1996B
<br />G.O. Water Revenue Bonds, 9/1/1999 2/1/2008 4.25% -4.90% 680,000 420,000
<br />Series I999B
<br />Total Revenue Bonds 4,000,000 2,705,000
<br />Total - All Bonds 25,534,000 20,049,000
<br />Compensated Absences Payable N/A 512,160
<br />Total lndebtedness $ 25,534,000 $ 20,561,160
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