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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31. 7993 <br />Note 19 - Litiaation <br />The City had the usual and customary types of miscelLaneous ctaims pending at year end, mostty ot a minor nature, and <br />usually alt covered by insurance carried for that purpose or the City has reserved funds for setttement. The City <br />also carries personal injury insurance against suits for fatse arrest, tibel, slander, violation of privacy, urongful <br />entry, etc., uhich suits can arise fran enforcement of the city code and 9enerel teus. <br />Note 20 - Subsequent Events <br />On February 70, 1994, The City sotd 82,900,000 of general obti9ation imporvement bonds. The bond are due in annual <br />installments of E145,000 - 5265,000 through March 1, 2009 at a true interest rate of 4.54% <br />On February 10, 1994, the City sold 58,640,000 of general obligation improvement bonds. The bonds are due in annuat <br />installments of 5725,000 - E1,110,000 through March 1, 2006 at a true interest cost of 4.27%. <br />48 <br />