Laserfiche WebLink
City of Lino Lakes, Minnesota <br />Management Report, Page 28 <br />Reiling Road <br />This project was financed by the Improvement Bonds of 1984. This project was <br />substantially complete in 1985. Final payment to the contractor has been withheld <br />pending settlement of a dispute with adjacent property owners. The fund deficit at <br />December 31, 1986 was $2,779. We recommend that the City eliminate this deficit in 1987 <br />through a City Council designated transfer. <br />Interim Construction <br />This fund was established in 1985 to account for the preliminary construction costs <br />prior to permanent bonding or other financing determination. We concur with the City in <br />establishing this fund. <br />1986 activity of this fund was for preliminary costs of the 4th Avenue bridge pro- <br />ject and the 80th Avenue project. Costs incurred to date are as follows: <br />4th•Avenue 80th Avenue Total <br />Engineering $ 62,939 $ 5,161 $ 68,100 <br />Contracting 133,043 133,043 <br />Other 57,296 18 57,314 <br />Totals $253,278 $ 5,179 $ 258,457 <br />The 4th Avenue project will be funded primarily from MSA allotments. A portion of <br />the project will also be assessed. <br />Rice Lakes Estates Addition <br />The City began this project in 1985. The project is scheduled for completion in <br />1987. We recommend that this fund be closed to the Temporary Improvement Bond Fund <br />after final completion of construction. <br />North Road <br />This fund was established in 1986 to account for North Road Improvements. This pro- <br />ject will be financed by a 1987 bond issue. <br />