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OVERVIEW <br />This report describes the proposed plan for the City of Little Canada to issue the <br />$485,000 General Obligation Permanent Improvement Revolving Fund Bonds, Series <br />1995A. This report has been prepared by Ehlers and Associates, in consultation with <br />City Staff and bond counsel. The original report was presented to the City Council on <br />December 21, 1994. The report has been revised to reflect changes in anticipated project costs <br />and assessments. This report deals with: <br />Purpose and components of bond issue. <br />Structure. <br />Other considerations in issuing bonds. <br />Creating a permanent improvement revolving fund. <br />Market conditions. <br />Issuing process. <br />PURPOSE <br />The City's 1995 Budget contains projected infrastructure projects. Projects totalling <br />$1,220,000 are planned for 1995. The projected portion of project costs to be <br />financed through special assessments equals $462,300 (see Table 1). The proposed <br />bond issue would finance the assessable project costs. <br />Project Year Type "Dial Assess <br />Jackson/Old C/Lakeshore 1995 Street 488,500 213,000 <br />Jackson Street Trail 1995 Trail 27,900 0 <br />County Rd. C Path 1995 Trail 32,500 0 <br />Lake Street 1995 Street 87,500 48,700 <br />County Drive Repair /Overlay 1995 Street 58,300 0 <br />Dianna Lane Retaining Wall 1995 Street 25,000 0 <br />Keller Parkway Watermain 1995 Watermain 240,000 81,000 <br />Keller Parkway Shoulder Paving 1995 Trail 15,000 0 <br />Viking Dr. (Edgerton - East End) 1995 Watermain 85,900 41,400 <br />Viking Dr. (Edgerton - East End) 1995 Street 95,000 38,250 <br />Gilanderi Lane 1995 Watermain 64,400 39,950 <br />Gilanderi Lane 1995 Street 0 0 <br />Total $1,220,000 $462,300 <br />Table 1 <br />1995 Infrastructure Projects <br />Page 28 <br />