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Date of <br />Issue <br />2-11-93 <br />2-01-92 <br />2-01-92 <br />3-Oi-91 <br />4-02-90 <br />3-01-89 <br />3-01-88 <br />12-01-85 <br />12-01-85 <br />12-01-85 <br />il-Ol-85 <br />Amount <br />$ 1,975,000 <br />20,035,000 <br />2,200,000 <br />2,000,000 <br />2,000,000 <br />3,500,000 <br />4,500,000 <br />2,225,000 <br />14,300,000 <br />8,420,000 <br />2,885,000 <br />Average <br />Life In <br />Years <br />5.63 <br />9.14 <br />9.05 <br />9.17 <br />9.08 <br />9.16 <br />9.50 <br />13.75 <br />13.75 <br />14.43 <br />10.18 <br />Net <br />Interest <br />Rate <br />4.49� <br />5.85 % <br />5.94 % <br />6.03 % <br />6.87% <br />7.07 % <br />6.56 % <br />8.06% <br />8.06% <br />8.09% <br />8.17% <br />Interest Cost <br />Per Borrowed <br />Dollaz <br />.24 <br />.52 <br />.52 <br />.54 <br />.61 <br />.62 <br />.61 <br />.84 <br />1.14 <br />1.15 <br />.82 <br />During 1981, the City Council adopted a resolution which provides policy guidelines procedures, <br />and application forms for Indusuial Revenue Financing as permitted by Minnesota Statutes. <br />As of December 31, 1994, the following Industrial Revenue Financing had been completed: <br />l. $3,000,000 Commercial Development Revenue Note of 1982 - Heco, Inc. <br />2. $5,000,000 Indusuial Development Revenue Note of 1984 - Advance Circuits, Inc. <br />3. $900,000 Commercial Development Note of 1984 - Health Resources, Inc. <br />4. $9,500,000 Health Caze Facility Revenue Bonds of 1985 - Presbyterian Homes of <br />Minnesota, Inc. <br />5. $3,750,000 Commercial Development Revenue Note of 1985 - Oakcrest Development <br />Company <br />6. $17,500,000 Rental Housing Revenue Bonds of 1985 - Rosepointe Housing Limited <br />Partnership <br />7. $4,700,000 Industrial Development Revenue Note of 1985 - Berger Storage and Transfer <br />16 <br />