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General Obligation Bonds <br />(Continued): <br />CITY OF RAMSEY, MINNESOTA Exhibit 1-2 <br />GENERAL LONG -TERM DEBT ACCOUNT GROUP <br />SCHEDULE OF GENERAL LONG -TERM DEBT - BY TYPE (Continued) <br />December 31, 1988 <br />Issue Date Interest Rates Maturity Dates Principal <br />Tax Increment Bonds of 1987B - <br />$10,000 per year 8/01/87 8.75% 2/01/90 -92 30,000 <br />$15,000 per year 8/01/87 9.00% 2/01/93 -97 75,000 <br />$20,000 per year 8/01/87 9.00- 9.25% 2/01/98 -99 40,000 <br />$25,000 per year 8/01/87 9.25- 9.50% 2/01/00 -02 75,000 <br />$30,000 per year 8/01/87 9.50% 2/01/03 -04 60,000 <br />$35,000 per year 8/01/87 9.75% 2/01/05 35,000 <br />$40,000 per year 8/01/87 9.75% 2/01/06 40,000 <br />$45,000 per year 8/01/87 9.75% 2/01/07 45,000 <br />400,000 <br />Tax Increment Bonds of 1987C - <br />$15,000 per year 8/01/87 8.30- 8.50% 2/01/90 -91 30,000 <br />$20,000 per year 8/01/87 8.70- 9.00% 2/01/92 -95 80,000 <br />$25,000 per year 8/01/87 9.00- 9.10% 2/01/96 -97 50,000 <br />160,000 <br />Total General <br />Obligation Bonds 6,735,000 <br />Compensated Absences: <br />Total liability for <br />compensated absences <br />Total Long -Term Debt $6,829,040 <br />63,288 <br />