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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANCIAL S7ATEMENTS (CONTINUED) <br />DECEMBER 31. 1990 <br />Note 8- Lon9 Term Debt (Continued) <br />General Obligation Bonds: <br />5850,000 City HaIL Bonds of 1975 due in annuaL installments of 840,000 - <br />550,000 through May 1, 1995; net interest 6.54% <br />General ObligaTion Bonds are paid from the City Hall eond Fund. <br />State Nid Highway Bonds: <br />82,225,000 State Aid Highway Bonds of 1985 due in annual installments ot <br />570,000 - 5260,000 through February 7, 2002; net interest 8.06% <br />State Aid Highuay Bonds are paid by the State MSA 8ond Fund. <br />Tax increment Bonds: <br />814,300,000 Tax Increment eonds Series 1 due in annuaL instaltments of <br />8100,000 - 81,525,000 through February 1, 2006; net interest 8.06% <br />$8,420,000 Tax Increment Bonds Series 2 due in annual instaltments of <br />5150,000 - 5900,000 through February 1, 2006; net interest 8.09% <br />Totat Tax Increment Bonds <br />Tax Increment eonds are paid from the Tax Increment Bond Fund. <br />Total General Long Term Debt Bonds <br />Changes in bonded debt during 1990 are sumnarized as fottous: <br />S 250.000 <br />1,990.000 <br />13,750,000 <br />8.270,000 <br />822.020,000 <br />836,130.000 <br />Balance Balance <br />January 1 December 31 <br />1990 Issued Paid 1990 <br />General Obligation Improvement <br />(SpeciaL Assessment) Bonds 816,875,000 2,000,000 87,005,000 811,870,000 <br />General Obligation Revenue Bonds 25,000 25,000 0 <br />General Long Term Debt Bonds 24.795,000 535 000 24,260,000 <br />541.695,000 52.000 000 87,565 000 536,130 000 <br />The City is subject to a legat debt limit based on a percentage of estimated market value in accordance with <br />Minnesota Statuies. The City's legaL debt margin as ot December 31, 1990 uas 832,752,982. <br />�1 <br />