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DELAHUNT vo ro ,& CO., LTD, <br />III I h Idlr Pro lr\\lon.d Ilo d,Lug • 111(11 I t%%, 'II• • 1M att Ilr.6, 1 4.. 111-, <br />May 9, 1983 <br />Mr. Donald Brager <br />Finance Director <br />City of Mounds View <br />2401 Northeast Highway 10 <br />Mounds View, Minnesota 55112 <br />RE: SPECIAL ASSESSMENT DEBT SERVICE STUDY <br />Dear Don: <br />,( <br />(;P.111110 IntlR A(((A NIANIS` <br />um Vp III ❑1 ♦I. 01111111. <br />Cl illl In 11'n�l II'\ <br />II\Il qll� I 111 WIII I\. I V% <br />ul llil Nl ,, I II I(As I I.% <br />Pursuant to your request, we herewith present a proposal to perform a Debt <br />Service Study relating to the City's various special assessment bonds. <br />The purpose and intent of a Special Assessment Debt Service Study is to <br />generate cash projections of future transactions relating to individual bond <br />issues and debt service accounts or funds. These cash projections, in turn, <br />are analyzed, reviewed and interpreted to allow the City to manage these <br />funds. Additionally, historical special assessment prepayments and recent <br />high investment interest yields My result in a situation whereby the City may <br />be developing additional reserves in the Special Assessment group of funds. <br />The information generated by a Special Assessment Debt Service Study may allow <br />the City to utilize various options relating to the ultimate use of those <br />reserves. The Report we prepared for the City of Shoreview is the best <br />example I can provide as to the scope and contents of such a Study. Please <br />refer to that resort as an illustration. <br />The scope of our proposed Special Assessment Debt Service Study for your City <br />will be twofold. First, we will prepare and compile cash -flow projections for <br />each of the City's definitive special assessment bonds (at December 31, 1982) <br />to the maturity of each bond issue. 111c financial data to be projected is <br />generally as follows: <br />RECEIPTS/REVENUE: <br />• Special Assessments including interest <br />• General property taxes including State aids related thereto <br />( • Interest on investments <br />• Other items as appropriate <br />DISBURSEMENTS EXPENDITURES: <br />• Bond principal and interest <br />• Other items as appropriate <br />I <br />MIAIIiIRS UI NII A I15NIM11I t'Il CIR III II II I'I iII111 AI. nI NISN11•I'nIVA111,(7%1PANIISI'RACIICI SKIION <br />,SIN' A SO(II I1111 (191 ITIlll( At ( IIIINI "O'l <br />Ill IFAI 11%41,1I .d111-I,vi(111111^II unr)()1 UIISWCSS OI(ICU(S <br />