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03-23-2015 Council Packet
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03-23-2015 Council Packet
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9/17/2015 3:19:13 PM
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3/25/2015 11:13:26 AM
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City Council
Council Document Type
Council Packet
Meeting Date
03/23/2015
Council Meeting Type
Regular
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$3,645,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Bonds, Series 2015A <br />Total Issue Sources And Uses <br />Dated 05/28/2015 i Delivered 05/28/2015 <br />Street <br />Reconstruction Abatement Issue <br />Bonds Bonds Summary <br />Sources Of Funds <br />Par Amount of Bonds $3,150,000.00 $495,000.00 $3,645,000.00 <br />Trunk Highway Cash Contribution 355,980.00 355,980.00 <br />Total Sources $3,150,000.00 $850,980.00 $4,000,980.00 <br />Uses Of Funds <br />Deposit to Project Fund 3,024,356.81 - 3,024,356.81 <br />Deposit to Project Construction Fund - 830,980.00 830,980.00 <br />Costs of Issuance 48,395.06 7,604.94 56,000.00 <br />Deposit to Capitalized Interest (CIF) Fund 45,748.13 5,938.31 51,686.44 <br />Total Underwriter's Discount (1.000%) 31,500.00 4,950.00 36,450.00 <br />Rounding Amount 1,506.75 1,506.75 <br />Total Uses $3,150,000.00 $850,980.00 $4,000,980.00 <br />2015.4 GO Bonds Issue Sunmiarn 3/16/2015 3:14 PM <br />Springsted <br />Page 5 <br />
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