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City of Lino Lakes, Minnesota <br />Management Report, Page 21 <br />Condition A <br />Condition B <br />e1. Is the City experiencing favorable <br />collection rates for special assess- <br />ments <br />2. Are anticipated investment interest <br />rates earned on prepayments ade- <br />quate to replace assessment interest? <br />3. Is the timing of receipts sufficient to <br />meet bonded debt payments as <br />they become due? <br />4. Are significant portions of assess- <br />ments not scheduled for collection <br />(green acres, tax forfeit,etc.)? <br />5. Is arbitrage or negative arbitrage <br />an issue? <br />1. Are sufficient future assets <br />scheduled (such as property taxes) <br />to meet bonded debt payments? <br />2. Are cash assets sufficient to <br />generate investment earnings? <br />3. Are transfers or other fundmg <br />sources available? <br />4. Are there future assets to pledge <br />such as assessments, MSA allot- <br />ments, etc <br />Conclusion 1 <br />The debt service fund <br />is clearly jai adequately <br />funded. Plan for altern- <br />ative funding (taxes, <br />transfers, other sources). <br />Conclusion 2 <br />Variables and possible <br />outcomes are too diverse. <br />Prepare projections to <br />analyze possible <br />scenarios and options. <br />Conclusion 3 <br />Improvement Bonds of 1980 <br />The 1980 Special Assessment Bonds fully matured in 1986. The remaining balance was <br />transferred to the Closed Bond Fund. <br />Improvement Bonds of 1982 <br />The Improvement Bonds of 1982 were refmanced by the Improvement Bonds of 1986. Bonds <br />maturing in the years 1989 through 1991 representing $375,000, were called on February 1, 1987. <br />