07-26-2021 Counil Special Work Session Packet

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Street Maintenance The Street Maintenance Levy has increased $71,111 or 10%. The $782,224 levy will be used in combination with $120,000 from the Water Fund to complete a street preservation project in line with the City’s Pavement Management Plan. The 2018 Pavement Management Plan recommended increasing preservation funding from 5% to 10% annually. Increased funding will increase the annual project scope and is predicted to improve the overall condition rating of city streets. The City Council increased funding by 5% in 2020 and 7.5% in 2021. A slow decline in the overall condition rating is predicted in future years with an increase of less than 10%. Surface Water Maintenance No change is proposed to the $130,000 levy for surface water maintenance. These funds go towards maintaining the City’s stormwater management systems. City staff spends many hours each year inspecting, maintaining and repairing holding ponds, catch basins, storm water pipes and other pollution prevention devices. If the proposed Storm Water Utility were to be adopted by City Council the tax levy would decrease roughly $293,207 ($130,000 levy plus an additional $163,207 of storm water costs currently funded through the General Fund). Park and Trail Improvements A levy of $90,000 is requested in line with 2019 and 2020 funding. The Park and Trail Improvement Fund has completed the following projects since 2018: •Birch Park Playground Improvements ($30,000) •Lake Drive Trail Project ($38,000) •Arena Acres Park Improvements ($114,606) •Sunrise Park Playground Project ($94,635) •12th Avenue Trail ($144,109) •2020 Trail Maintenance Project ($30,000) •Lino Park Renovation ($240,000) •Clearwater Creek Playground Replacement ($85,000) The Park Board will review potential 2022 projects and make a recommendation for City Council consideration. Debt Levy The significant changes to the debt levy include the maturity of the 2018 Certificates of Indebtedness and the addition of the 2021A G.O. Bond. These levies are required and specified within the bond documents to pay principal and interest on the respective bonds. 4