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3 <br />3 <br />3 <br />3 <br />1 <br />3 <br />1 <br />3 <br />1 <br />3 <br />1 <br />1 <br />3 <br />3 <br />3 <br />• <br />3 <br />1 <br />1 <br />1 <br />1 <br />a <br />a <br />a. <br />a. <br />1 <br />a <br />3 <br />Table of Contents <br />1 EXECUTIVE SUMMARY <br />2 INTRODUCTION ••••6 <br />Purpose 6 <br />3 ANTICIPATED COSTS OF PAVEMENT RECOMMENDATIONS 7 <br />1 <br />4 AVAILABLE FUNDING SOURCES 9 <br />Property Tax Levy 9 <br />General Obligation Bonds Repaid By Property Tax Levy 10 <br />General Obligation Improvement Bonds Repaid By Special <br />Assessments 13 <br />General Obligation Street Reconstruction Bonds 16 <br />General Obligation Tax Increment Financing (TIF) Bonds 17 <br />Tax Abatement 18 <br />Special Service District 19 <br />Economic Development Authority 20 <br />Housing and Redevelopment Authority 20 <br />Capital Projects Funds 20 <br />Storm Water Utility 22 <br />Storm Water Improvement District 23 <br />State and Federal Transportation Grants 23 <br />Anoka County 23 <br />Municipal State Aid (M.S.A.) Funds 23 <br />5 RECOMMENDED FUNDING SOURCES <br />25 <br />Summary of Recommended Funding Sources 26 <br />RELATIONSHIP TO CITY CHARTER 31 <br />7 COMPARISON OF FUNDING SOURCES 32 <br />8 PUBLIC IMPROVEMENT FINANCING POLICY RECOMMENDED <br />CHANGES 34 <br />Springsted provides high quality, independent financial <br />and management advisory services to public <br />and non- profit organizations, and works with them <br />in the long -term process of building their communities <br />on a fiscally sound and well- managed basis. <br />Springsted -168- <br />