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43 <br />CITY OF ROSEVILLE, MINTTESOTA <br />NOTES TO THE FINANCIAI, STATEMENTS (CONTINUED) <br />DECEMBER 31, 1975 <br />note 3 - Retirement Plans <br />The CiY.y participates i_n contributory pension plans administered by the StatE <br />of Minnesota which covers suUstantia:ly a11 employees. The combined annual <br />cost of these plans including amortiration oi estimated prior service cost was <br />$147,518 tor the year ended December 31, 1975. Prior service cost is being <br />amortized o�•er a period of 40 years aeid is being funded as a percent of gross <br />wages participating in the state association. It is the policy of the City to <br />f.und pen.sion costs accrued. <br />Piote 'v - CommieLtt�ents <br />The Cit7 holds non-cance7.:iziblr-_ Leases on three municipal liquor etor�s c�;hich <br />expire at various dates from 197� to i980. 2tao of LhE leases are renewable ior <br />additiocial pe_riods of five to ten years. <br />Scheduled rents (exclusive of taxes, insur.ance and maintenance which are also <br />paid by the City) on the long-term leases are summarize3 Uy year of lease <br />expiration :.s fullo�s: <br />Agg,.e�ate <br />Year er�decl No. of leases Annual rent to end <br />Lecembe� sl, expirin� rental of J.ea.se term <br />i978 <br />1979 <br />1980 <br />Note 5 - Litig��tion <br />1 <br />1 <br />1 <br />$5,433 <br />5,250 <br />8,040 <br />$1;,58= <br />1&,375 <br />36,180 <br />���� <br />Outstanding litigation co��sists of condemnati.on cases initiated by tkie Cits. <br />