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grants in 2026, no other revenue or expenditures have been assumed. As park <br />dedication fees from future developments are collected, park plans will be <br />developed. <br /> <br /> Fund 406, Area & Unit Trunk, accounts for new sewer and water infrastructure. <br />City Trunk Utility Connection Fees are outlined in the City Fee Schedule and are <br />represented as special assessment revenue. Bond proceeds are projected for <br />Otter Lake Road Extension in 2026, Public Works Facility in 2026, and West Side <br />Relief Sewer in 2027. Current debt service payments are represented as <br />transfers out to the respective debt service fund which make principal and <br />interest payments while future debt service is shown as debt service <br />expenditures. <br /> <br /> Fund 418, T.I.F District 1-11 Legacy at Woods Edge Development, accounts for <br />tax increment revenues collected within the district. The district was certified in <br />2005 and will decertify by 2031. The tax increment will pay off the interfund loan <br />from the Building and Facilities Fund (401) for the Legacy at Woods Edge <br />Development by 2026 and in the same fiscal year start paying off an interfund <br />loan from the Sewer Fund (602) for the same development. The interfund loan <br />from the Sewer Fund is projected to be paid off in 2027. <br /> <br /> Fund 419, T.I.F District 1-12 Clearwater Creek Business Park, accounts for the <br />tax increment revenues collected within the district. The district was certified in <br />2017 and decertified in 2024. The tax increment paid off a PAYGO Financing <br />Note issued to Distribution Alternatives in 2017. The note was paid off in 2024 <br />and the balance left in the fund is anticipated to be used for a future project. <br /> <br /> Fund 420, Municipal State Aid (MSA) Construction, accounts for the construction, <br />repair and maintenance of MSA eligible city streets. Municipal State Aid grant <br />dollars are assumed to be requested as eligible projects occur with a goal of <br />getting the City’s total allotment each year. Bond proceeds are projected for <br />Otter Lake Road Extension in 2026. <br /> <br /> Fund 421, Pavement Management, accounts for street rehabilitation (not full <br />depth reconstruction) of non-MSA eligible city streets. The fund is entirely funded <br />with an operating tax levy. Water and sewer infrastructure repair and <br />maintenance done in conjunction with street rehabilitation are paid for out of the <br />respective enterprise fund(s). <br /> <br /> Fund 422, Surface Water Management, accounts for new surface water <br />infrastructure as well as wetland bank activity. Surface Water Management Fees <br />are outlined in the City Fee Schedule and are collected in full as charges for <br />services or collected over time as a special assessment. If the Wetland Bank No. <br />6 <br />Page 120 of 406