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Edgemere Avenue — Penrod Lane to Chelmsford Road Wendhurst Avenue — Penrod Lane to Chelmsford Road Penrod Lane — 36th Avenue to 37th Avenue The total budget of the proposed street project is estimated at $2,192,000. Funding for the project will come from road improvement bonds and special assessments. The City continues to assess 35% of the costs to the adjacent property owners and through the issuance of road improvement bonds, 65% of the costs is levied over the entire community for their use of City streets. Levy St. Anthony's General Operating Fund levy for 2014 totals $3,123,343 which supports the cost of providing City services. The total for all levies is $5,633,007. The levy increase without the benefit of LGA would have been 6.9%. With the planned distribution of LGA overall levy increase will be limited to $206,218 or 3.8% percent. A summary of the total levies are as follows: 2014 General Operating Levy $3,123,343 (General Fund) CIP Levy $ 50,000 Street Improvement Levy $1,779,592 Lease Revenue Bonds/Public Facilities $ 378,462 HRA Levy $ 150,585 Tax Abatement (Central/Emerald Park) $ 151,025 Total $5,633,007 Changes to the levy include: a $0 increase in the General Operating levies and CIP Levy; a $202,408 increase to the Road Improvement Levy; a $735 decrease to the Lease Revenue Bonds/ Public Facilities Levy and a $4,545 decrease in the Tax Abatement Levy for Central & Emerald Parks. In 2014, the median property valuation of the City equals $208,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,423.95 in "City Property Taxes". A breakdown of the costs includes: $813.14 for Police, Fire, Public Works and Park maintenance; $460.77 for Streets; $97.99 for the Fire and Public Works buildings; $39.10 for the Central and Emerald park improvements; and $12.95 for the Capital Improvement Fund. Capital Equipment Purchases - Appropriation = $295,650 The proposed 2014 Capital Equipment Budget totals $295,650. Traditionally, revenue for funding capital equipment has come from various sources including: transfers from the General Fund, profits from Liquor Operations, Liquor Reserve Funds, MSA Revolving Funds, interest earnings, trade/sale