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<br />City of Lino Lakes, Minnesota P a g e | 13
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<br />2. Background
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<br />Water Utility
<br />Sanitary Sewer
<br />Utility
<br />Area and Unit
<br />Charge Fund
<br />Area and Unit
<br />Charge Bonds Totals
<br />2021 682,000 58,000 1,280,000 - 2,020,000
<br />2022 1,929,000 259,000 1,173,500 - 3,361,500
<br />2023 170,000 148,500 420,000 21,667,500 22,406,000
<br />2024 681,000 716,000 811,000 - 2,208,000
<br />2025 211,500 106,500 825,000 - 1,143,000
<br />2026 514,500 139,500 300,000 - 954,000
<br />2027 530,000 425,000 - 3,360,000 4,315,000
<br />2028 312,000 207,000 - - 519,000
<br />2029 213,000 168,000 - - 381,000
<br />2030 595,000 525,000 - 1,646,347 2,766,347
<br />2031 212,500 947,500 210,000 - 1,370,000
<br />Total 6,050,500 3,700,000 5,019,500 26,673,847 41,443,847
<br />The table below lists the projected funding sources for the projected capital
<br />expenditures provided by the City for each utility over the next ten years. The proposed
<br />water treatment plant is estimated at $21.0 million in 2023 with sewer projects making up
<br />the remaining $667,500. A review of the existing assets of each utility, their purchase
<br />date, purchase cost and probability of failure was also reviewed. In order to maintain the
<br />water and sewer systems, we estimate that approximately $1,000,000 annually would be
<br />needed to be spent on water and sewer infrastructure for renewal and replacement.
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