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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2012
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2012 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original
<br />Date Date Rate Issue
<br />Payable
<br />12/31/2012
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2010A Equipment Certificates 4/1/2010 12/31/2013 2.00%-3.00% 170,000 $ 60,000
<br />2011A Equipment Certificates 2/14/11 12/31/2014 1.00% 120,000 81,000
<br />2012A Equipment Certificates 2/1/12 12/31/2014 1.00% 150,000 150,000
<br />G.O. Tax Abatement Bonds, Series 2006C 8/15/2006 2/1/2023 4.00% -4.30% 2,460,000 2,345,000
<br />G.O. Utility Revenue Bonds, Series 2006D 8/15/2006 2/1/2017 4.00%-4.15% 570,000 315,000
<br />G.O.CIP Refunding Bonds, Series 2006E 11/1/2006 2/1/2018 4.00% 2,990,000 2,285,000
<br />G.O. Tax Increment Financing Bonds, Series 2007A 7/15/2007 2/1/2024 4.00%-4.125% 4,215,000 3,395,000
<br />G.O. Refunding Bonds, Series 2012A 11/15/2012 2/1/2024 1.00% -2.00% 2,015,000 2,015,000
<br />Total General Obligation Bonds 13,026,000 10,646,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2002A 8/1/2002 2/1/2013 3.00 % -4.10% 645,000 30,000
<br />G.O. Improvement Bonds, Series 2002B 8/1/2002 2/1/2013 3.20%-5.55% 2,110,000 265,000
<br />G.O. Improvement Refunding Bonds, Series 2003A 12/1/2003 2/1/2019 2.00%-4.25% 2,090,000 485,000
<br />G.O. Improvement Bonds, Series 2003B 12/1/2003 2/1/2014 3.20% -5.60% 250,000 65,000
<br />G.O. Improvement Bonds, Series 2005A 11/1/2005 2/1/2021 4.35 % -5.15% 5,550,000 3,850,000
<br />G.O. Improvement Refunding Bonds, Series 2005B 11/1/2005 2/1/2015 3.75 % -5.00% 3,755,000 1,270,000
<br />G.O. Improvement & Utility Revenue Refunding Bonds,
<br />Series2010A 7/9/2010 2/1/2020 2.00% -3.00% 1,000,000 815,000
<br />Total Special Assessment Bonds 15,400,000 6,780,000
<br />Total Bonds 28,426,000 17,426,000
<br />Note Payable - Anoka County - 2009A 8/1/2009 8/1/2024 4.00% -3.70% 4,260,000 3,695,000
<br />Unamortized Bond Discounts (45,490) (25,152)
<br />Unamortized Bond Premiums 202,370 67,373
<br />Compensated Absences Payable N/A 634,572
<br />Other Post Employment Benefit Plan N/A 77,821
<br />Total Govemmental Activities $ 32,842,880 $ 21,875,614
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />Compensated Absences Payable N/A 43,410
<br />48
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