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Annual Financial Report 12/31/1989
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Annual Financial Report 12/31/1989
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Annual Financial Report
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12/31/1989
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CITY OF LINO LAKES, MINNESOTA <br />Exhibit 10 <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT FINANCING DISTRICT #1-4 <br />December 31, 1989 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Bond Proceeds $1,950,000 $1,950,000 <br />Total sources of funds 1,950,000 $0 $0 1.950.000 <br />Uses of funds: <br />Land acquisition 400,000 400,000 <br />Public improvements 1,050,000 1,050,000 <br />Administrative 100,000 3,279 96,721 <br />Bond discount 40,000 40,000 <br />Capitalized interest 360.000 360,000 <br />Total uses of funds 1.950.000 0 3.279 1,946,721 <br />Funds remaining (deficit) $0 $0 ($3,279) $3,279 <br />
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