Management Report and Recommendations 12/31/1988

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City of Lino Lakes, Minnesota Management Report, Page 22 The remaining assets of this fund should be transferred to the Improvement Bonds of 1986 in 1989. Temporary Improvement Bonds of 1985 The Temporary Improvement Bonds of 1985 were issued to finance Weber's Addition (Tomahawk Trail) and the Rice Lake Estates Addition. These bonds matured in 1988. The remaining balance was transferred to the 1988 Improvement Bonds during 1988. Improvement Bonds of 1986 The Improvement Bonds of 1986 were issued to refinance the Improvement Bonds of 1982 and to finance the Sunset Road Improvements. Upon final maturity of the 1982 Improvement Bonds, the remaining assets should be transferred to this fund. Temporary Improvement Bonds of 1987 The City issued bonds to finance the following projects in 1987: North Road $9,473 Deer Pass Trail 11,108 Comprehensive Water 664,671 Reshanau Lakes South 481,833 Erickson's 381,422 4th Avenue 84.942 $1,633,449 North Road, Deer Pass Trail and 4th Avenue were assessed in 1987. Erickson's and Reshanau Lakes South were assessed in 1988. The remaining projects are scheduled for assessment in 1989 Improvement Bonds of 1988 The Improvement Bonds of 1988 were issued to provide permanent financing for the Temporary Improvement Bonds of 1985 and to fmance Ash Street and Main Street improvements. The remaining assets in the Temporary Improvement Bonds of 1985 should be transferred into the 1988 Improvement Bonds Debt Service Fund in 1989.