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Another significant infrastructure project in 2009 was the reconstruction of Emerald Park at a cost of $1,335,000. Funding came from the issuance of tax abatement bonds. The debt service payments are structured so they have no impact on the taxpayers. They will be offset by a $50,000 reduction in the road levy created by the payoff of the 2003D Road Improvement Bonds and $87,000 added to tax capacity for the decertification of the Chandler TIF District. The 2010 road project provides street and utility reconstruction of Silver Lane from Silver Lake Road to 16`h Avenue SW. It also includes a bituminous mill and overlay for Old Highway 8 (Highway 88 to 33`d Avenue NE) and sidewalk and lighting improvements (Silver Lane from Stinson Boulevard to 16`" Avenue SW). The total costs for this project are estimated to be $2,900,000, with funding sources coming from the City's street reconstruction funds, storm water utility funds, cost participation funds with the Cities of New Brighton and Roseville, Municipal State Aid, water and sanitary sewer utility funds, special assessments and possibly TIF funds. Levv As directed by the City Council, the 2010 Budget was prepared with a 0% increase in the general operating levy. St. Anthony's General Operating Fund levy for 2010 totals $2,945,511 which is the same as the 2009 levy. The levied amount in 2010 is $37,040 under the maximum levy allowed by the State Legislature who implemented Levy Limits that are in affect for years 2009, 2010 and 2011. A summary of the 2010 total levy is as follows: General Operating Levy $2,945,511 (General Fund) Road Improvement Levy $1,246,414 Lease Revenue Bonds/Public Facilities $ 403,263 HRA Administrative Levy $ 110,500 Tax Abatement (Central/Emerald Park) $ 76,257 PERA Rate Increase Levy $ 7,500 Total $4,789,445 Changes to the levy included a 0% increase in the General Fund levy; an $186,818 increase to the Road Improvement Levy; a $3,727 increase to the Lease Revenue Bonds/ Public Facilities Levy and the ($3,037) decrease in the Tax Abatement Levy for Central & Emerald Parks, In 2010, the median property valuation of the City equals $238,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,234.81 in "City Property Taxes". A breakdown of the costs includes: $777.34 for the General Operating Levy, $328.94 for the Road Improvement Levy, $106.42 for the Public Facilities Levy, $20.13 for the Central and Emerald Park Tax Abatement Levy; and,$1.98 for the PERA Rate Increase Levy.