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CITY OF ROSEVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
<br />DECEMHER 31, 1984
<br />Note 5 - Long-Term Debt (Continued)
<br />The first type of bonds is payable solely from general property taxes. The second type is
<br />payable primarily from general property taxes and special assessments. The third tVpe is
<br />payable from revenues in the golf course and ice arena operating funds and from general
<br />property taxes.
<br />There are a number of limitations and restrictions contained in the various bond i
<br />indentures. The City is in compliance with all significant limitations and restrictions.
<br />All bonded debt is backed by the full faith and credit of the City.
<br />Bonded debt outstanding as of December 31, 1984, including interest payments of $5,689,490
<br />on bonds carrying interest rates of 4.07i to 8.41% is as follows:
<br />Year Ending
<br />December 31
<br />1985
<br />1986
<br />1987
<br />1988
<br />1989
<br />1990-1994
<br />1995-1999
<br />2000
<br />General
<br />Obligation
<br />Bonds
<br />$ 78,482
<br />75,749
<br />72,947
<br />70,090
<br />72,025
<br />310,025
<br />51,725
<br />$731,043
<br />General
<br />Obligation
<br />Improvement
<br />(Special
<br />Assessment)
<br />Bonds
<br />$ 1,980,116
<br />1,914,457
<br />1,i97,806
<br />1,656,946
<br />1,570,965
<br />5,739,251
<br />2,824,181
<br />135,375
<br />$17,619,097
<br />Gol£ Course
<br />General
<br />Obligation
<br />Revenue Bonds -
<br />Ice Arena
<br />General
<br />Obligation
<br />Revenue Sonds
<br />$ 48,131
<br />46,326
<br />44,499
<br />27,994
<br />26,800
<br />25,600
<br />$219,350
<br />Changes in bond principal payable during 1984 are summarized as follows:
<br />General Obligation Bonds
<br />General Obligation
<br />Improvement (Special
<br />Assessment) Bonds
<br />Golf Course General
<br />Obligation Revenue Bond
<br />Ice Arena General
<br />Obligation Revenue Bonds
<br />Total
<br />Balance
<br />January 1,
<br />1984 Additions
<br />$ 605,000
<br />13,4U0,000
<br />60,000
<br />175,000
<br />$14,240,000 -0-
<br />ez
<br />Total
<br />$ 2,106,729
<br />2,036,532
<br />1,915,252
<br />1,755,030
<br />1,669,790
<br />6,074,876
<br />2,875,906
<br />135,375
<br />$18,569,490
<br />i
<br />Balance
<br />December 31,
<br />Retired 1984
<br />$ 7�,000 $ 530,000
<br />1,245,000
<br />15,000
<br />25,000
<br />12,155,000
<br />45,000
<br />150,000
<br />g1,360,000 �iz,sso,000
<br />
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