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Recommended Financing Sources <br />• Reconstruction Portion of PMR <br />— General Obligation Street Reconstruction Bonds for reconstruction <br />projects where the existing street width is contemplated as a safety <br />improvement and where the assessment is less than 20% of project <br />costs <br />• Benefiting properties would be assessed an amount equal to the special <br />benefit they receive <br />• Remaining amount could be repaid from a property tax levy <br />• Referendum is still required if assessments exceed $0 and a portion is paid <br />by levy <br />• If no assessments, unanimous vote by City Council required and subject to <br />reverse referendum <br />Public. sector A;IviF.ors <br />Springsted <br />Recommended Financing Sources <br />• Reconstruction Portion of PMR <br />— Storm water utility to pay for those costs of the PMR related to <br />storm water (not implemented as of 3-29-07) <br />— Tax Increment Financing, Tax Abatement, EDA Levy and HRA <br />Levy (HRA levy is subject to many limitations) <br />• Use is consistent with the City's statutory authority <br />• Rational nexus between the use of these funding tools and a development or <br />redevelopment project <br />Public Sectur Arvisors <br />Springsted <br />6 <br />