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duly levied by said City in an amount sufficient to pay the principal and interest on this <br />Certificate, together with all other existing indebtedness of the said City, does not exceed <br />any constitutional or statutory limitation on indebtedness. <br />Adopted by the City Council of Lino Lakes, Minnesota, this 26th day of January, 2004. <br />Ann B1�ir, City Clerk <br />J <br />Page 2 <br />December 31, 2005 <br />December 31, 2006 <br />December 31, 2007 <br />Total <br />Interest Rate - 4% <br />SCHEDULE OF PAYMENTS <br />2004 CERTIFICATES OF INDEBTEDNESS - <br />Levy 2004 Payable 2005 <br />Levy 2005 Payable 2006 <br />Levy 2006 Payable 2007 <br />Total <br />FEBRUARY 1, 2004 <br />PRINCIPAL <br />$ 81,000.00 <br />95,000.00 <br />98,000.00 <br />$274,000.00 <br />INTEREST <br />$ 21,007.00 <br />7,720.00 <br />3,920.00 <br />$ 32,647.00 <br />TOTAL <br />$102,007.00 <br />102, 720.00 <br />101,920.00 <br />$306,647.00 <br />$107,107.00 (includes 5% overlevy) <br />107,856.00 <br />107,016.00 <br />$321,979.00 <br />A -6 <br />