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CITY OP ROSEVILLE, MINNESOTA
<br />NOT�S TO THE FINANCIAL STATEM�NTS
<br />DECEMBER 31, 1981
<br />Note 3 - Bonded Debt
<br />The City has three types of bonded debt outstanding-��E�December 31, 1981. They
<br />are (1) General Obligation Bonds, (2) General Obligation Improvement (Special
<br />Assessment) Bonds and {3) Go1f Course General Obligation Revenue Bonds and Ice
<br />Arena General Obligation Bonds.
<br />The first type of bonds are payable solely from general property taxes. The second
<br />and third type are payable primarily from special assessments and revenue, and by
<br />general property taxes. A11 bonded debt is backed by full faith and credit of
<br />the City. Al1 bonded debt outstanding as of DecemUer 31, 1981, including interest
<br />payments of $5,532,849 on bonds carrying interest rates of 3.60% to 10.23% is as
<br />fo'11ows:
<br />,.ti.
<br />�4��� �����
<br />Ge�ieral
<br />Year Ending Obligation
<br />December 31 Bonds
<br />1982 $
<br />1983
<br />1984
<br />1985
<br />1956
<br />1957-91
<br />1992-96
<br />1997-00
<br />118,985
<br />115,380
<br />111,695
<br />78,482
<br />75,749
<br />349,237
<br />227,575
<br />__
<br />,
<br />�`
<br />� � '�`� �%'" . � �-U"o1f Course ".._ . .
<br />� ��� %�General Obligatioq-,
<br />General�Obli�ation�� Revenue_Bonds--'-����� �.
<br />Improvement (Special Ice Arena General�,u`
<br />Assessment) Bonds Obligation Bonds Tota1
<br />$ 2,067,241
<br />1,963,632
<br />5,233,134
<br />1,259,991
<br />1,216,207
<br />4,652,308
<br />2,051,025
<br />692,754
<br />$ 1,077,103 $19.136,292
<br />$ 53,483
<br />51,703
<br />49,918
<br />48,131
<br />46,326
<br />124,893
<br />$ 2,239,709
<br />2,130,]15
<br />5,394,747
<br />1,386,604
<br />1,338,282
<br />5,126,438
<br />2,278,600
<br />692,754
<br />S 374,454 $20,587 849
<br />Changes in bond principal payable during 1981 are summarized as follows:
<br />General Obligation Bonds
<br />General Obligation
<br />Improvement (Special
<br />Assessment) Bonds
<br />Go1f Course General
<br />Obligation Revenue Bond
<br />Ice Arena General .
<br />061igation Bonds
<br />Total
<br />Balance
<br />January i,
<br />1981 Additions
<br />$ 830,000
<br />11,680,000 $ 3,420,000
<br />105,000
<br />$
<br />Balance
<br />December 31,
<br />Retired 1981
<br />75,000 $ 755,000
<br />1,115,000
<br />15,000
<br />13,985,000
<br />90,000 '
<br />250,000 25,000 225,000
<br />$12,865.000 S 3.420,000 $ 1,230.000 $15,055.000
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