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Date of Ieaue 2-1-92 2-1-92 3-1-91 4-2-90 3-1-89 3-1-88 12-1-85 12-1-85 12-1-85 11-1-85 Amount $20,035,000 $ 2,200,000 $ 2,000,000 $ 2,000,000 $ 3,500,000 $ 4,500,000 $ 2,225,000 14,300,000 a,42o,000 2,885,000 Average Life In Yeare 9.14 9.05 9.17 9.08 9.16 9.50 13.75 13.75 14.43 10.185 Net Interest Rate 5.85� 5.94� 6.03� 6.87� 7.07� 6.56� 8.06� 8.06� 8.09� 8.17� Interest Coat Per Sorrowed Dollar .52 .52 .54 .61 .62 .61 .84 1.14 1.15 .82 During 1961, the City Council adopted a reeolution which provides policy guideliaes procedures, aad application forms for Induetrial Revenue Financing as permitted by Minnesota Statutes. As of December 31, 1992, the following Industrial Revenue Financ- ing had been completed: 1. $3,000,000 Commercial Development Revenue Note of 1982 - Heco, Inc. 2. $5,000,000 Industrial Development Revenue Note of 1984 - Advance Circuits, Inc• 3. $900,000 Commercial Development Note of 1984 - Health Resources, Inc. 4. $9,500,000 Health Care Facility Revenue Sonda of 1985 - Presbyterian Homes of Minnesota, Inc. 5. $3,750,000 Commereial Development Revenue Note of 1985 - Oakcrest Development Company 6. $1�,500,000 Rental 8ousing Revenue Bonds of 1985 - Rosepointe Aousing Limited Partnerehip 7. $4,700,000 Induetrial Development Revenue Note of 1985 - Serger Storage and Transfer Caeh l(aaage�ent Investment Policies The City has written policies that restrict investment of the City's operating funds to U.S. Treasuries, Agencies, and Certificatea of Deposit in Minnesota institutions. (Sae Note 4 in the footnotea for further discloeure). �