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Street reconstruction bonds are included in the amount of indebtedness of the City <br />which cannot, under Minnesota Statutes, Section 475.53, exceed 3% of the assessor's <br />taxable market value for the City ("TMV"). The proposed bonds will not exceed <br />statutory limits. <br />All other foreseeable capital expenditures are expected to be financed through other <br />revenue or financing sources. <br />2024 Street Reconstruction Project <br />The 2024 Street Reconstruction Project includes the reconstruction of the following streets; <br />Evergreen Trail, Diane Street, and Red Maple Lane by replacement of curb and gutter as <br />needed, required upgrades of the existing stormwater management system and bituminous <br />surfacing. <br />No bonds are being contemplated for this project at the present time. <br />