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10/03/1988 Council Minutes
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10/03/1988 Council Minutes
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City Council
Council Document Type
Council Minutes
Meeting Date
10/03/1988
Council Meeting Type
Special
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274 <br />LINO LAKES, MINNESOTA <br />3 0 TEMPORARY IMPROVEMENT BONDS, 1988B <br />POST S;A r, DEBT SERVICE <br />Prepared October 3, 1988 <br />By SPRINGSTED Incorporated <br />Bond Date: <br />Sale Date: <br />Issue Size: <br />10/ 1/1988 <br />10/ 3/1988 <br />$610,000 <br />Date Principal Rate Interest Total <br />18,910.00 18,910.00 <br />18,910.00 18,910.00 <br />18,910.00 18,910.00 <br />18,910.00 18,910.00 <br />18,910.00 18,910.00 <br />610,000 6.200 18,910.00 628,910.00 <br />4/ 1/1989 <br />10/ 1/1989 <br />4/ 1/1990 <br />10/ 1/1990 <br />4/ 1/1991 <br />10/ 1/1991 <br />TOTALS $610,000 $113,460.00 $723,460.00 <br />Discount (plus) $4,270.00 <br />Net Interest Cost $117,730.00 <br />Interest rounded on individual $ 5,000 denominations <br />1 <br />
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