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IMP <br />Vow <br />Vmmo <br />WENN <br />City of Lino Lakes, Minnesota <br />Management Report <br />Debt Service Funds <br />1990A Public Project Revenue Bonds <br />These bonds were issued by the City's Economic Development Authority for the <br />construction of a fire station and the purchase of related equipment. These bonds are obligations <br />of the EDA and will be payable solely from revenues received from the City pursuant to an <br />Installment Purchase Contract. The City will levy taxes for payment of the installment contract. <br />Improvement Bonds of 1992A <br />The City issued these bonds to retire the 1989 Temporary Improvement Bonds and provide <br />additional financing for projects originally financed by the 1989 Bonds. <br />Improvement Bonds of 1996A <br />The City issued these bonds to provide financing for the following projects: <br />• 4th Avenue trunk utilities <br />• Cedar Street lift station <br />• Trapper's Crossing improvements <br />• Marshan condominiums <br />• Centennial School <br />• Pheasant Hills 7th Addition <br />This bond issue will be retired by a combination of special assessments and area and unit <br />charges. The City adopted assessments for the Trapper's Crossing and Marshan Lake <br />condominium projects in 1996. Assessments for the Centennial School and Pheasant Hills 7th <br />addition projects were adopted in 1997. The 4th Avenue trunk utility and Cedar Street lift station <br />projects will be repaid exclusively through area and unit charges. <br />Page 30 <br />