Management Report and Recommendations 12/31/1985

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City of Lino Lakes, Minnesota Management Report, Page 29 The above deficit should be funded through a permanent bond sale to finance the pro- ject. If the project is not ordered, the City may charge the developer directly through a letter of credit arrangement. We recommend that the City review the status of this fund and take action to eliminate the accumulated cash overdraft. Baldwin Lake Mobile Home Court This project was financed by the $100,000 Improvement Bonds of 1983. The project consisted of installations of sewer service lines to the mobile home court. The project was completed and assessed in 1983. The fund is carrying a liability to MWCC for sewer availability charges of $24,400. We recommend that the City remit this money to MWCC in 1986. This project is complete at December 31, 1985. We recommend that this fund be closed in 1986 to the Improvement Bonds of 1983 Debt Service Fund. Council authoriza- tion is required to effect this closing. Tomahawk Trail /Weber's Addition The City completed this sanitary sewer project in 1985. The project was assessed in 1985. This project was bonded for in 1985 with the Rice Lake Estates Project. We recom- mend that this fund be closed in 1986 to the Improvement Bonds of 1985 Debt Service Fund. Council authorization is required to effect this closing. Reiling Road This project was financed by the Improvement Bonds of 1984. This project was substantially complete in 1985. Final payment to the contractor has been withheld pending settlement of a dispute with adjacent property owners. The fund deficit at December 31, 1985 was $2,539. We recommend that the City eliminate this deficit in 1986 through a City Council designated transfer.