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CC PACKET 08252015
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CC PACKET 08252015
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Last modified
11/30/2015 9:22:26 AM
Creation date
9/9/2015 8:40:17 AM
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City Council
Meeting Date
8/25/2015
Meeting Type
Regular
Document Type
Council Agenda/Packets
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Issuance of Debt/Levy Impact <br />Issued 2015A Street Improvement Bond <br />Totaling $2,580,000 <br />◦36th Avenue from Silver Lake Road to Highcrest <br />Road <br />◦Chelmsford Road from 36th Avenue to 37th Avenue <br />◦Saint Anthony Boulevard mill and overlay from <br />Ridgeway Parkway to Highway 88 <br />◦Local drainage and alley improvements <br /> <br />2015 average homeowner paid $461.30 <br />◦Home valued at $223,000 <br />◦$38.44/month for road improvements <br /> 1,000,000 <br /> 1,500,000 <br /> 2,000,000 <br /> 2,500,000 <br /> 3,000,000 <br /> 3,500,000 <br />2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 <br />Pre-levy relief: 5.05% increase <br />With debt reduction: 0.75% increase <br /> <br /> <br /> <br /> <br />Total Levied Debt before reduction <br />Total Levied Debt <br />after reduction <br />Road levy before <br />debt reduction Road levy after <br />reduction <br />Impact of Debt Levy Relief <br />3535
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