Laserfiche WebLink
CITY OF ELK RIVER <br />SCHEDULE OF 1996 BOND ISSUES <br />As of January 25, 1996 <br /> <br />Wastewater Treatment Plant Expansion <br /> <br />Ice Arena <br /> <br />Equipment Certificate <br /> <br />1991 EDA City Hall Lease Revenue <br /> <br />Highway 10 Frontage Road at Joplin <br /> <br />G.O. Sewer Revenue $2,550,000 <br />G.O. $2,100,000 <br />G.O. $80,000 <br />Refunding $2,300,000 (1) <br />G.O. Improvement ?? <br /> 77 (2) <br /> <br />Developer Requested Public Improvements G.O. Improvement <br /> <br />ISD 728 Area Learning Center <br /> and Maint. Facility <br /> <br />EDA Lease Revenue <br /> <br />$1,8oo,ooo (3) <br /> <br />(1) This issue is discretionary; current estimated savings - $82,000. This could be completed in late 1996 <br />if there is room under the $10,000,000 cap. <br /> <br />(2) As of this date, no formal requests have been received. <br /> <br />(3) The school staff estimated an issue of between $1.2 and $1.8 million. <br /> <br />These estimated bond issues are based on information currently available. The size of each bond issue is <br />subject to change; however, the size should not change substantially. <br /> <br />It is the City's intent to time bond issues (to the extent possible) so as to not exceed the $10,000,000 bank <br />qualified limit. Exceeding the limit increases the interest rate paid. <br /> <br />Finance Dept. <br />January 25, 1996 <br /> <br /> <br />