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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1996 <br />NOTE 13 - COMMITMENTS AND CONTINGENCIES (CONTINllED) <br />Future minimum rental commitments under the lease are as follows: <br />The lease purchase payments will equal the principal and interest due on the 1991 - HRA Public Facilities <br />Bonds issued to construct the facilities. <br />-50- <br />.-a»r -I—. <br />• i <br />f i <br />I i <br />I I <br />Year Amount <br />1997 $ 402,700 <br />¥ , <br />1998 406,903 <br />1999 405,017 <br />2000 406,990 <br />2001 407,755 M <br />Thereafter 2,889,740 <br />$ 4,919,105 m <br />^’4 <br />IN <br />n <br />•m <br />u <br />r» <br />i