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City of Lino Lakes, Minnesota <br />Management Report, Page 17 <br />Improvement Bonds of 1988 <br />The Improvement Bonds of 1988 were issued to provide permanent financing for the <br />Temporary Improvement Bonds of 1985 and to finance Ash Street and Main Street improvements. <br />The remaining assets in the Temporary Improvement Bonds of 1985 were transferred into the 1988 <br />Improvement Bonds Debt Service Fund in 1988. <br />1990B Temporary Improvement Bonds <br />The City issued these bonds to finance the 2nd Avenue Project and to retire the 1987 <br />Temporary Improvement Bonds. The remaining assets of the 1987 Temporary Improvement Debt <br />Service Fund have been pledged for the retirement of the 1990B issue. This bond issue matured <br />on August 1, 1993. <br />1990A Public Project Revenue Bonds <br />These bonds were issued by the City's Economic Development Authority for the construction <br />of a fire station and the purchase of related equipment. These bonds are obligations of the EDA <br />and will be payable solely from revenues received from the City pursuant to an Installment <br />Purchase Contract. The City will levy taxes for payment of the installment contract. <br />1991A Temporary Improvement Bonds <br />The City issued these bonds to finance various projects and to retire the 1988 Temporary <br />Improvement Bonds. The bonds financed White Tail Ridge, Brandywood Estates, Pheasant Hills, <br />Pine Ridge Addition, Reshanau Lake Sanitary Sewer Trunk and Wenzel Farms Improvements. <br />