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07-27-1998 Council Packet
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07-27-1998 Council Packet
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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1997 <br />NOTE 5 - LONG-TERM DEBT <br />A. Components of Long-Term Debt <br />Final Balance <br />Original Interest Issue Maturity End of <br />Issue Rate Date Date Year <br />General long-term debt <br />General Obligation Bonds <br />Improvement Bonds <br />of 1982 $475,000 6.50-10.00%I2-1-I982 3-1-1999 $ 30,000 <br />Improvement Bonds 0 ' <br />of 1992 $2,000,000 3.30-5.50%8-1-1992 2-1-2008 1,625,000 <br />Refunding Bonds <br />of 1995 $360,000 3.85-4.15%12-26-1995 2-1-2002 300,000 <br />Improvement Bonds <br />4 <br />of 1997 S 1,760,000 4.20-5.20%7-1-1997 2-1-2013 1,760,000 <br />Public Facilities Revenue <br />Bo.?i. :fl991 $4,000,000 4.50-6.50%12-1-1991 2-1-2008 3,270,000 <br />Vacation and severance <br />benefits payable N/A N/A N/A N/A 152.262 <br />Total general long-term debt 7,137,262 <br />Proprietary Fund debt <br />« ^ <br />Revenue Bonds r* <br />G.O. Refunding <br />Bonds of 1995 $1,550,000 3.85-4.15%12-26-1995 2-1-2002 1.305.000 <br />Total all long-term debt $ 8,442.262 <br />-39-
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