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I
<br />CITY OF ROSEVILLE MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
<br />DECEMBER 31, 1985
<br />Note 6 - LonQ-Term Debt (Continued)
<br />Changes in general long term debt during 1985 are summarized as follows:
<br />Accrued Vacation and
<br />Severance Pay
<br />General Obligation Bonds
<br />General Obligation Tax
<br />Increment Bonds
<br />General Obligation State
<br />Aid Highway Bonds
<br />Total
<br />Balance
<br />Sanuary 1,
<br />1985
<br />$ 224,350
<br />530,000
<br />-0-
<br />-0-
<br />Additions
<br />$ 25,375
<br />-0-
<br />22,720,000
<br />z,zzs,000
<br />$ 754,350 $24,970,375
<br />Retired
<br />45,000
<br />1�
<br />Balance
<br />December 31,
<br />1985
<br />$ 249,725
<br />485,000
<br />22,720,000
<br />-0- 2,225,000
<br />$ 45,000 $25,679,725
<br />Bonded debt outstanding at the end of the year is summarized as follows:
<br />General Obligation Improvement
<br />(Special Assessment) Bonds:
<br />$1,932,000 General Improvement Series ��2 of 1966 due in annual installments
<br />of $75,000 -$185,000 through June 1, 1987; net interest 4.077
<br />$900,000 General Improvement Series 113 of 1967 due on annual installments of
<br />$40,000 -$50,000 through July l, 1986; net interest 4.279
<br />$2,080,000 General Improvement Series li4 of 1968 due in annual installments
<br />of $80,000 -$100,000 through April 1, 1989; net interest 4.87%
<br />$2,950,000 General Improvement Series i/5 of 1971 due in annual installments
<br />of $100,000 -$150,000 through Suly l, 1991; net interest 5.74%
<br />$1,495,000 General Improvement Series ��6 of 1972 due in annual installments
<br />of $70,000 -$75,000 through May l, 1992; net interest S.D9%
<br />$2,040,000 General Improvement Series ii7 of 1972 due in annual installments
<br />of $40,000 -$100,000 through May l, 1993; net interest 5.14�
<br />$1,130,000 General Improvement Series ii8 of 1975 due in annual installments
<br />of $50,000 -$60,000 through May l, 1995; net interest 6.507
<br />$1,600,000 General Improvement Series li9 of 1977 due in annual installments
<br />of $80,000 -$85,000 through November 1, 1997; net interest 5.03%
<br />$2,415,000 General Improvement Series �k10 of 198D due in annual installments
<br />of $100,000 -$150,000 through September l, 2000; net interest 7.63�
<br />-35-
<br />$150,000
<br />$ 50,000
<br />$400,000
<br />$900,000
<br />$525,000
<br />$800,000
<br />$600,000
<br />$ 1,020,000
<br />1,965,000
<br />
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