Laserfiche WebLink
TABLE OF CONTENTS <br />INTRODUCTORY STATEMENT ........... . . ........ <br />I <br />FINANCIAL STATEMENTS .......................... A-1 <br />THE BONDS ......................................... <br />1 <br />FORM OF LEGAL OPINION .......................... B-1 <br />GENERAL....................................... <br />1 <br />OPTIONAL REDEMPTION ......................... <br />2 <br />BOOK -ENTRY -ONLY SYSTEM ....................... C-1 <br />AUTHORITY; PURPOSE ........................... <br />2 <br />ESTIMATED SOURCES AND USES ................. <br />2 <br />FORM OF CONTINUING DISCLOSURE CERTIFICATE ... D-1 <br />SECURITY...................................... <br />2 <br />RATING ......................................... <br />3 <br />TERMS OF PROPOSAL .............................. E-1 <br />STATE OF MINNESOTA CREDIT ENHANCEMENT <br />PROGRAM.................................... <br />3 <br />CONTINUING DISCLOSURE ....................... <br />4 <br />LEGAL OPINION ................................. <br />4 <br />TAX EXEMPTION ................................ <br />4 <br />QUALIFIED TAX-EXEMPT OBLIGATIONS ........... <br />5 <br />MUNICIPAL ADVISOR ............................ <br />5 <br />MUNICIPAL ADVISOR AFFILIATED COMPANIES <br />.... 6 <br />INDEPENDENT AUDITORS ........................ <br />6 <br />RISK FACTORS .................................. <br />6 <br />VALUATIONS ....................................... <br />8 <br />OVERVIEW ...................................... <br />8 <br />CURRENT PROPERTY VALUATIONS ............... <br />9 <br />2017/18 NET TAX CAPACITY BY CLASSIFICATION.. 10 <br />TREND OF VALUATIONS ........................ <br />10 <br />LARGER TAXPAYERS ........................... <br />11 <br />DEBT.............................................. <br />12 <br />DIRECT DEBT .................................. <br />12 <br />SCHEDULES OF BONDED INDEBTEDNESS ......... <br />13 <br />DEBT LIMIT .................................... <br />15 <br />OVERLAPPING DEBT ............................ <br />15 <br />DEBT RATIOS .................................. <br />16 <br />DEBT PAYMENT HISTORY ....................... <br />16 <br />FUTURE FINANCING ............................ <br />16 <br />TAX RATES, LEVIES AND COLLECTIONS .............. 17 <br />TAX LEVIES AND COLLECTIONS ................. 17 <br />TAX CAPACITY RATES .......................... 17 <br />LEVY LIMITS ................................... 18 <br />THE ISSUER ........................................ 19 <br />CITY GOVERNMENT ............................ 19 <br />EMPLOYEES; PENSIONS; UNIONS ................ 19 <br />POST EMPLOYMENT BENEFITS .................. 19 <br />LITIGATION .................................... 19 <br />MUNICIPAL BANKRUPTCY ...................... 19 <br />FUNDS ON HAND ............................... 20 <br />ENTERPRISE FUNDS ............................ 20 <br />SUMMARY GENERAL FUND INFORMATION ....... 21 <br />GENERAL INFORMATION ............................ <br />22 <br />LOCATION ..................................... <br />22 <br />LARGER EMPLOYERS ........................... <br />22 <br />BUILDING PERMITS ............................. <br />23 <br />U.S. CENSUS DATA .............................. <br />24 <br />EMPLOYMENT/UNEMPLOYMENT DATA .......... <br />24 <br />u <br />