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2016 DEBT LEVY
<br />Future Streets Schedule
<br />Improvement
<br />Year
<br />Street/Utility
<br />costs
<br />Mill/overlays
<br />Alleys
<br /> Sidewalks
<br />Intersections
<br />Street
<br />Lighting Drainage
<br />LED-Kenzie 2015
<br />Railroad XX 2016
<br />Total
<br />Impovements
<br />Cost Grants/Aids
<br />Prepaid
<br />assmts
<br />Net costs to be
<br />Bonded
<br />Bond
<br />Issuance
<br />costs 1.75%Bond required Rounded
<br /> Net
<br />Assessments
<br />Estimated
<br />True interest
<br />rate
<br />AVG Annual
<br />Debt Service
<br />@ 105%
<br />Less
<br />assessment
<br />collections
<br />Est additional
<br />levy
<br /> Actual 2015 2,411,400 185,000 113,200 96,400 2,806,000 250,000 2,556,000 24,000 2,580,000 2,580,000 371,524 2.17%217,346 33,146 184,200
<br /> Eng Est 2016 1,447,600 1,460,000 161,000 230,000 3,298,600 743,000 43,428 2,512,172 43,963 2,556,135 2,557,000 246,092 2.60%221,832 22,559 199,274
<br />2017 2,950,000 80,000 3,030,000 25,000 108,500 2,896,500 50,689 2,947,189 2,948,000 561,500 2.90%261,372 51,324 210,049
<br />2018 2,320,000 2,320,000 25,000 69,600 2,225,400 38,945 2,264,345 2,265,000 394,400 3.25%204,257 37,452 166,806
<br />2019 2,430,000 90,000 2,520,000 25,000 95,400 2,399,600 41,993 2,441,593 2,442,000 480,600 3.50%224,902 46,253 178,650
<br />2020 3,080,000 3,080,000 25,000 92,400 2,962,600 51,846 3,014,446 3,015,000 523,600 4.00%286,622 51,777 234,845
<br />2021 2,940,000 60,000 3,000,000 25,000 103,200 2,871,800 50,257 2,922,057 2,923,000 544,800 4.35%283,285 54,886 228,399
<br />2022 2,910,000 2,910,000 25,000 87,300 2,797,700 48,960 2,846,660 2,847,000 494,700 4.75%282,102 50,904 231,198
<br />2023 3,800,000 180,000 3,980,000 905,000 136,500 2,938,500 51,424 2,989,924 2,990,000 713,500 5.15%303,560 63,550 240,010
<br />2024 2,680,000 185,400 2,865,400 25,000 103,575 2,736,825 47,894 2,784,719 2,785,000 525,125 5.50%288,147 56,128 232,018
<br />2025 2,930,000 289,813 3,219,813 25,000 136,483 3,058,330 53,521 3,111,851 3,112,000 643,849 5.50%321,924 68,792 253,131
<br />2026 196,691 500,768 697,459 - 24,586 672,873 11,775 684,648 685,000 73,759 5.50%72,247 4,917 67,330
<br />2027 314,454 458,481 772,935 - 53,299 719,636 12,594 732,230 733,000 159,897 5.50%77,553 10,660 66,894
<br />2028 208,669 215,879 185,521 610,069 - 26,084 583,986 10,220 594,205 595,000 78,251 5.50%62,664 5,217 57,447
<br />2029 348,438 222,355 570,793 - 60,243 510,550 8,935 519,484 520,000 180,730 5.50%54,982 12,049 42,933
<br />2030 221,377 286,283 507,660 - 27,667 479,993 8,400 488,393 489,000 83,001 5.50%51,233 5,533 45,700
<br />2031 322,890 294,871 617,761 - 52,109 565,652 9,899 575,551 576,000 156,327 5.50%60,381 10,422 49,959
<br />Less other fundingPlanned Improvements Bond Amount Additional debt levy
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