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City of Lino Lakes, Minnesota <br />Management Report, Page 34 <br />project were substantially prepaid prior to the City's re- certification of assessments to the County. <br />Therefore, all of the area and connection charges relating to this project have been allocated to the <br />Temporary Bonds of 1987 debt service fund. <br />The Temporary Improvement Bonds of 1987 were the first issue to rely on connection charges <br />pursuant to the new connection and area charge policy. A summary of anticipated connections is <br />as follows: <br />Year of <br />Collection <br />1989 <br />Source <br />Erickson & Uhde <br />Replat <br />Or <br />Total <br />Assessment <br />1990 Erickson & Uhde <br />RePlat <br />Other <br />Total <br />Assessment <br />1991 Erickson & Uhde <br />Other <br />Total <br />Assessment <br />Estimated <br />Connection Charges <br />Water @ Sewer @ <br />$1,050 $650 <br />70 70 <br />6 6 <br />20 20 <br />96 96 <br />$100,800 $62,400 <br />Area Charges <br />Water @ Sewer @ <br />$800 $750 Total <br />70 70 <br />6 <br />76 70 <br />$ <br />$....6.52 500 $27 500 <br />Connection Charges Area Charges <br />Water @ Sewer @ water @ Sewer @ <br />$1,103 $683 $840 $788 <br />55 55 <br />42 42 <br />26 26 <br />123 123 103 97 <br />55 55 <br />42 42 <br />6 <br />$135,669 $84,009 $86,520 $76,436 138 <br />Connection Charges <br />Water @ Sewer @ <br />$1,158 $717 <br />55 55 <br />40 40 <br />95 95 <br />$110,010 $68,115 <br />Area Charges <br />Water @ Sewer @ <br />$882 $827 <br />55 55 <br />40 40 <br />95 95 <br />$83,790 $78,565 $340,480 <br />In September of 1990 the City will have to obtain permanent financing for the Temporary <br />Improvement Bonds of 1987. Collection of actual area and connection charges should be <br />compared to the above scheduled collections to assure that projections are being met prior to <br />obtaining permanent financing. Our office is available to assist city staff in obtaining this <br />information. <br />