Management Report and Recommendations 12/31/1995

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w w City of Lino Lakes, Minnesota Management Report, Page 22 Improvement Bonds of 1988 The Improvement Bonds of 1988 were issued to provide permanent financing for the Temporary Improvement Bonds of 1985 and to finance Ash Street and Main Street improvements. The remaining assets in the Temporary Improvement Bonds of 1985 were transferred into the 1988 Improvement Bonds Debt Service Fund in 1988. These bonds were called for early redemption on February 1, 1995. 1990A Public Proiect Revenue Bonds These bonds were issued by the City's Economic Development Authority for the construction of a fire station and the purchase of related equipment. These bonds are obligations of the EDA and will be payable solely from revenues received from the City pursuant to an Installment Purchase Contract. The City will levy taxes for payment of the installment contract. Improvement Bonds of 1992A The City issued these bonds to retire the 1989 Temporary Improvement Bonds and provide additional financing for projects originally financed by the 1989 Bonds. Temporary Improvement Bonds of 1994A The City issued these bonds to provide financing for Trunk Highway 49 /CSAH 23 improvements, Country Lake Estate Phase I and Hodgson Road Trunk watermain. This bond issue will be retired by a combination of assessments, area and unit charges, tax increment and Anoka County reimbursements.