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Management Report and Recommendations 12/31/1992
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Management Report and Recommendations 12/31/1992
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Management Report and Recommendations
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12/31/1992
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City of Lino Lakes, Minnesota <br />Management Report, Page 22 <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 />White Tail Ridge and Brandywood Estates assessments were adopted in 1991. Assessments for <br />Pheasant Hills, Pine Ridge Addition, Reshanau Lake Sanitary Sewer Trunk and Wenzel Farms <br />were adopted in 1992. The remaining assets of the 1988 Temporary Improvement Debt Service <br />Fund have been pledged for retirement of the 1991A issue. <br />Improvement Bonds of 1992A <br />The City issued the bond to retire the 1989 Temporary Improvement Bonds and provide <br />additional financing for projects originally financed by the 1989 Bonds. <br />The proceeds of the bonds were allocated as follows: <br />Capital Projects: <br />West Central Trunk S56,734 <br />Woodridge Estates 73,843 <br />Sunrise Meadows 53,833 <br />Reshanau II B 26,888 <br />Reshanau III A 38,772 <br />Total Capital Projects 250,070 <br />Debt Service: <br />1989 Temporary Bond refinancing 3,279,272 <br />Improvement Bonds of 1992A 73,068 <br />Total Debt Service 3,352,340 <br />Total proceeds $3,602,410 <br />
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