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CITY OF ROSEVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
<br />DECEMBER 31, 1985
<br />Note 6 - Lon�-Term Debt
<br />The City has five types of bonded debt outstanding at December 31, 1985. They are:
<br />(1) General Obligation Improvements (Special Assessment) Bonds, (2) General
<br />Obligation Bonds, (3) General Obligation Revenue Bonds, (4) General Obligation State
<br />Aid Highway Bonds, and (5) General Obligation Tax Increment Sonds.
<br />The first type of bonds is payable solely from general property taxes. The second
<br />type is payable primarily from general property taxes and special assessments. The
<br />third type is payable from revenues in the golf course and ice arena operating funds
<br />and from general property taxes. The fourth type is payable from state aid revenues.
<br />The fifth type is payable from tax increments.
<br />There are a number of limitations and restrictions contained in the various bond
<br />indentures. The City is in compliance with all significant limitations and
<br />restrictions. All bonded debt is backed by the full faith and credit of the City.
<br />Bonded debt outstanding as of December 31, 1985, including interest payments of
<br />$35,017,483 on bonds carrying net interest rates of 4.07% to 8.41i is as follows:
<br />Year Ending
<br />December 31
<br />1986
<br />1987
<br />1988
<br />1989
<br />1990
<br />1991-1995
<br />1996-2000
<br />2001-2005
<br />2006
<br />General
<br />Obligation
<br />Improvement
<br />(Special
<br />Assessment)
<br />Bonds
<br />$ 2,136,827
<br />2,020,176
<br />2,059,316
<br />1,962,085
<br />1,786,860
<br />6,877,073
<br />3,577,014
<br />456,850
<br />General
<br />Obligation General ;
<br />General General State Aid Obligation ��'
<br />Obligation Obligation Highway Tax Increment
<br />Bonds Revenue Bonds Bonds Bonds Total
<br />$ 75,749 � $ 46,326� $ 111,738 �$ 1,189,076 $✓3,559,71E
<br />72,947
<br />70,090
<br />72,025
<br />68,750
<br />293,000
<br />Total $20,876,201 652,561
<br />44,499
<br />27,994
<br />26,800
<br />167,608 1,783,621
<br />235,507 1,880,621
<br />240,927 1,971,421
<br />v4,088,85f,
<br />4,273,528
<br />4,273,25£:,
<br />25,600 240,728 2,152,421 W4,274,359
<br />1,248,375 11,862,558 20,281,OOE
<br />-34-
<br />1,315,222 12,430,776
<br />541,700 12,850,778
<br />2,524,425
<br />$4,010,805 $48,645,697
<br />17,323,O1:i
<br />13,849,328
<br />2,524,42`':.
<br />$74,447,483
<br />
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