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06-09-1997 Council Packet
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06-09-1997 Council Packet
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’' i <br />t I <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31,1996 <br />t ( <br />t \ <br />* <br />J <br />1 ■ <br />n <br />NOTE 5 - LONG-TERM DEBT <br />A. Components of Long-Term Debt <br />Original <br />Issue <br />Interest <br />Rate <br />Issue <br />Date <br />General long-term debt <br />General Obligation Bonds <br />Improvement Bonds <br />of 1982 <br />Improvement Bonds <br />of 1992 <br />Refunding Bonds <br />of 1995 <br />Public Facilities Revenue <br />Bonds of 1991 <br />Vacation and severance <br />benefits payable <br />Proprietary Fund debt <br />Revenue Bonds <br />G.O. Refunding <br />Bonds of 1995 <br />Final <br />Maturity <br />Date <br />Balance <br />End of <br />Year <br />$475,000 6.50-10.00%12-1-1982 3-1-1999 $ 45,000 <br />$2,000,000 3.30-5.50%8-1-1992 2-1-2008 1,730,000 <br />$360,000 3.85-4.15%12-26-1995 2-1-2002 360,000 <br />$4,000,000 4.50-6.50%12-1-1991 2-1-2008 3,470,000 <br />debt <br />N/A N/A N/A N/A 151.520 <br />5.756,520 <br />$1,550,000 3.854.15%12-26-1995 2-1-2002 1.550.000 <br />^ i Total all long-term debt $ 7.306.520 <br />r <br />I I <br />• f <br />h- <br />t <br />^ - i -39-
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