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• SPRINGSTED <br /> PUBLIC FINANCE ADVISORS <br /> ir85 East Seventh Place. Suite 100 <br /> Saint Paul, MN 55101-2143 <br /> (612) 223-3000 <br /> Fax: 612-223-3002 <br /> August 29, 1990 <br /> Mr. Donald G. Poss, City Manager <br /> Blaine City Hall <br /> 9150 Central Avenue East <br /> Blaine, MN 55434 <br /> Mr. Ric Minetor, Acting Clerk/Administrator <br /> Mounds View City Hall <br /> 2401 Highway No. 10 <br /> Mounds View, MN 55112 <br /> Mr. Donald Busch, City Clerk <br /> Spring Lake Park City Hall <br /> 1301 - 81st Avenue N.E. <br /> Spring Lake Park, MN 55432 <br /> • Mr. James O'Meara <br /> Briggs & Morgan <br /> 2200 First National Bank Building <br /> Saint Paul, MN 55101 <br /> Re: $4,450,000 General Obligation Fire Improvement Bonds <br /> We have enclosed for your review tax impact projections for your pro rata share of the debt <br /> service for the issuance of the bonds which we have sized to include $4,400,000 of <br /> equipment and facility needs and $50,000 for issuance expenses. <br /> • <br /> It is our understandin. B -'e- .' -11 -ii. . - .. . - . ... _ _' <br /> View and Spring Lake Park will establish ballot questions with only their pro rata share which <br /> would be in the amount shown below. <br /> Mounds View 21.15% = $941,175 <br /> Spring Lake Park 11.20% = $498,400 <br /> I would suggest rounding each amount up to $5,000 denomination, to at least$945,000 and <br /> $500,000, respectively. <br /> The tax impact data assumes Schedule A-2 attached would be used and the impact was <br /> established based on the average 14 year levies from 1992-2005. Based on that assumption <br /> and on those assumptions listed on each sheet, the tax impact for various properties in the -- <br /> • three communities would be as follows: <br /> Indiana Office: Kansas Office: Wisconsin Office: <br /> 135 North Pennsylvania Street 6800 College Boulevard 500 Elm Grove Road <br /> Suite 2015 Suite 600 Suite 101 <br /> Indianapolis. IN 46204-2498 Overland Park, KS 66211-1533 Elm Grove, WI 53122-0037 <br /> (317) 684-6000 (913)345-8062 (414) 782-8222 <br /> Fax: 317-684-6004 Fax: (913)345-1770 Fax: 414-782-2904 <br />