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Agenda - Council - 11/24/1998
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Agenda - Council - 11/24/1998
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/24/1998
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e <br /> <br />Outstanding Bonds Issued for Public Improvements, Sewer, Water, Streets, Storm <br />Drainage, located throughout Development District No. 1 <br /> <br />Bond <br /> <br />Principal Amount <br /> <br />Series 1985 <br />Series 1989B <br />Series 1989C <br />Series 1993A Refunding <br />Series 1995A <br />Series 1996A Refunding <br /> Subtotal <br /> <br />$ 100,000 <br />235,000 <br />235,000 <br />2,225,000 <br />2,600,000 <br />330,000 <br />$5,725,000 <br /> <br />Future Developments (located throughout Development District No. 1) <br /> <br />Item <br /> <br />Principal Amount <br /> <br />Burger King Utility Extension <br />Business Park 95 Phase I <br />Business Park 95 Phase 1I <br />Highway 47 <br />Sunwood Drive-Sunny Ponds to 47 <br />149-Acre Site Acquisition <br />Waste Mgmt Site Acq. <br />Waste Area Street Imp-Sunwood Dr. <br />Anoka Co. HRA Senior Housing Project (including mounts for <br /> County HRA debt service reserve) <br /> Subtotal <br /> <br />441,540 <br />234,000 <br />148,000 <br />1,526,182 <br />176,000 <br />1,100,000 <br />1,300,000 <br />1,456,0O0 <br /> <br /> 2,0O0,OO0, <br />$8,381,722 <br /> <br />Administrative Costs* <br /> <br />$1,10o,0oo <br /> <br />_GRAND TOTAL <br /> <br />$19,063,165 <br /> <br />The principal amount of bonds described in part 2 above includes a portion allocated <br />to administrative expenses. Total administrative costs will not exceed 10% of actual <br />tax increment expenditures. <br /> <br />All costs shown in this exhibit are principal amounts, and are deemed to include any necessary <br />capitalized interest. The City is authorized to pay interest on any TIF Bonds or internal loans. <br /> <br />SJB-151910 <br /> <br /> <br />
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