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<br />CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2010
<br />Note 3: DETAILED NOTES ON ALL FUND5 -CONTINUED
<br />Annual debt service requirements to maturity for long-term obligations are as follows:
<br /> Primary Government -Governmental Activities
<br /> G.O. Bonds G.O. Revenue Bonds Special Assessment Bonds
<br /> Principal Interest Principal Interest Principal Interest
<br />2011 $ 1,326,000 $ 773,513 $ 170,000 $ 30,780 $ 505,000 $ 124,185
<br />2012 1,317,000 744,673 180,000 21,090 505,000 105,223
<br />2013 1,344,000 715,172 190,000 10,830 510,000 85,980
<br />2014 870,000 684,867 - - 475,000 67,020
<br />2015 900,000 660,258 - - 420,000 49,625
<br />2016 - 2020 5,220,000 2,791,005 - - 1,045,000 57,928
<br />2021 - 2025 5,155,000 1,707,986 - - - -
<br />2026 - 2030 3,605,000 850,036 - - - -
<br />2031 -2033 2,265,000 149,103 - - - -
<br />
<br />Total $ 22,002,000 $ 9,076,613 $ 540,000 $ 62,700 $ 3,460,000 $ 489,961
<br />
<br /> Primary Government -Governmental Activities
<br /> Tax Increment Bonds Certificates of Indebtedness Contracts for deeds
<br /> Principal Interest Principal Interest Principal Interest
<br />2011 $ 70,000 $ 17,458 $ 87,400 $ 1,661 $ 81,250 $ 88,762
<br />2012 70,000 13,975 - - - 84,600
<br />2013 75,000 10,312 - - 1,410,000 84,600
<br />2014 80,000 6,320 - - - -
<br />2015 80,000 2,120 - - - -
<br />
<br />Total $ 375,000 $ 50,185 $ 87,400 $ 1,661 $ 1,491,250 $ 257,962
<br />
<br /> Primary Government -Business-Type Activities
<br /> G.O. Revenue Bonds Notes Payable
<br /> Principal Interest Principal Interest
<br />2011 $ 1,335,000 $ 458,485 $ 182,436 $ -
<br />2012 1,380,000 412,054 183,444 -
<br />2013 1,455,000 362,728 186,588 -
<br />2014 1,515,000 309,958 189,348 -
<br />2015 1,255,000 259,648 191,508 -
<br />2016 - 2020 4,425,000 782,310 992,628 -
<br />2021 -2023 1,755,000 76,198 419,366 -
<br />Total $ 13,120,000 $ 2,661,381 $ 2,345,318 $ -
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