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Recommended Financing Sources <br />• Maintenance Portion of PMR <br />— Annual property tax levy for the maintenance portion of the PMR <br />• Ongoing costs with ongoing revenues <br />• Not capital in nature -not appropriate to bond <br />• $230,000 estimated for 2005 with an average annual cost of $407,000 <br />Public Sector Advice's <br />Springsted <br />Recommended Financing Sources <br />• Reconstruction Portion of PMR <br />— General Obligation Improvement Bonds <br />• Repaid by special assessments for reconstruction projects where the <br />existing street width is inadequate <br />• No less than 20% of the costs must be assessed to benefiting properties <br />(not to exceed the special benefit to their properties) <br />• Remaining amount would be repaid from a property tax levy <br />Public Sectr:- Advlsors <br />Springsted <br />5 <br />