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Special Levies: (2005) <br /> 1) Road Improvement Levy <br /> A. Initiated in 1993. <br /> B. Funded by Sale of Bonds for <br /> On-Going Road Improvements. <br /> C. Current Levy = $627,251. <br /> D. Levels off in 2013. <br /> E. 1993, 1994 & 1995 were refinanced <br /> which reduced annual levy by $112,618. <br /> 2) Certif Cate of Indebtedness: <br /> A. Issued certificate for $320,000 in 2003 for <br /> purchase of Fire Truck. <br /> B. 4-year levy of approximately $89,000. <br /> C. Last year of Levy = 2007. <br /> 3) Lease Revenue Bonds: <br /> A. Issued bonds totaling $5,530,000 in 2003 ,for <br /> building of Fire Station and Public Works <br /> Facility. <br /> B. 20 Year Bond/Levy of approximately $400,000 <br /> annually. <br /> C. Last year of Levy = 2023. <br />