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AMP
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<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2003
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2003 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original Payable
<br />Date Date Rate Issue 12/31/2003
<br />General Obligation Bonds:
<br />2001 Equipment Certificates 2/1/2001 12/31/2004 6.00% $ 332,030 $ 110,000
<br />2002 Equipment Certificates 2/1/2002 12/31/2005 6.00% 140,000 90,000
<br />2003A Equipment Certificates 2/1/2003 12/31/2006 6.00% 130,000 130,000
<br />2003B Equipment Certificates 3/31/2003 12/31/2006 4.00% 200,000 200,000
<br />Civic Complex Lease Rev. Bonds - 98A 8/1/1998 2/1/2019 4.20% -5.35% 5,350,000 4,820,000
<br />Public Project Revenue Ref. Bonds - 99C 9/1/1999 2/1/2010 4.75% -5.10% 980,000 680,000
<br />Total General Obligation Bonds
<br />7,132,030 6,030,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Refunding Bonds, 10/1/1996 2/1/2007 4.20% -5.20% 4,685,000 1,570,000
<br />Series 1996A
<br />G.O. Improvement Refunding Bonds, 8/1/1998 2/1/2015 4.50% -4.90% 4,310,000 3,440,000
<br />Serie 1998A
<br />G.O. Improvement Refunding Bonds, 8/1/1998 2/1/2015 4.50 % -4.90% 2,000,000 1,665,000
<br />Series 1998B
<br />G.O. Improvement Refunding Bonds, 9/1/1999 2/1/2006 4.25 % -4.70% 1,725,000 1,070,000
<br />Series 1999A
<br />G.O. Improvement Bonds, 8/1/2002 2/1/2013 3.00 % -4.10% 645,000 645,000
<br />Series 2002A
<br />-� G.O. Improvement Bonds, 8/1/2002 2/1/2013 3.20% -5.55% 2,110,000 2,110,000
<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 />Total Special Assessment Bonds 17,815,000 12,840,000
<br />Revenue Bonds:
<br />G.O. Water Revenue Bonds, 10/1/1996 2/1/2012 4.10% -5.70% 3,320,000 2,460,000
<br />Series 1996B
<br />G.O. Water Revenue Bonds, 9/1/1999 2/1/2008 4.25% -4.90% 680,000 510,000
<br />Series 1999B
<br />Total Revenue Bonds 4,000,000 2,970,000
<br />Total - All Bonds 28,947,030 21,840,000
<br />Compensated Absences Payable N/A
<br />.► Total Indebtedness $ 28,947,030 $ 21,840,000
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