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<br /> <br />2010 Road Improvement Bond Fund (514) - $158,166 <br />The 2010 Street Improvement Bond Fund was established to provide debt financing for the 2010 street <br />improvements. The $1,375,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy and special assessment collections. The debt will be fully retired by 2026. <br /> <br />2011 Road Improvement Bond Fund (516) - $411,736 <br />The 2011 Street Improvement Bond Fund was established to provide debt financing for the 2011 street <br />improvements. The $1,940,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2027. <br /> <br />2012 Road Improvement Bond Fund (518) - $333,754 <br />The 2012 Street Improvement Bond Fund was established to provide debt financing for the 2012 street <br />improvements. The $2,195,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2028. <br /> <br />2013 Street Improvement Construction Fund (519) - $189,115 <br />This fund accounted for the costs associated with the feasibility and design cost associated with the <br />planned reconstruction of Edward Street from 35th Avenue NE to 36th Avenue NE and 36th Avenue from <br />Roosevelt Street to Silver Lake Road. The deficit fund was eliminated upon the issuance of the 2013B - <br />$1,775,000 improvement bond and prepaid special assessments. These proceeds will be used to pay project <br />expenses; upon completion the remaining funds will then be transferred to the associated debt service <br />fund. <br /> <br />2013 Road Improvement Bond Fund (520) - $228,102 <br />The 2013 Street Improvement Bond Fund was established to provide debt financing for the 2013 street <br />improvements. The $1,775,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2029. <br /> <br />2014 Street Improvement Construction Fund (521) – $30,553 <br />This fund accounted for the costs associated with the feasibility and design cost associated with the <br />planned reconstruction of Penrod Lane NE from 36th Avenue NE to 37th Avenue NE; Edgemere Avenue NE <br />from Penrod Lane NE to Chelmsford Road NE; and Wendhurst Avenue NE from Penrod Lane NE to <br />Chelmsford Road NE. The deficit fund was eliminated upon the issuance of the 2014A - $2,070,000 <br />improvement bond and prepaid special assessments. These proceeds will be used to pay project expenses; <br />upon completion the remaining funds will then be transferred to the associated debt service fund. <br /> <br />2014 Road Improvement Bond Fund (522) - $44,046 <br />The 2014 Street Improvement Bond Fund was established to provide debt financing for the 2014 street <br />improvements. The $2,070,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2030. <br /> <br />2015 Road Improvement Construction Fund (523) – ($130,223) <br />The 2015 Street Improvement Project Fund accounts for the construction costs associated with <br />reconstruction of 36th Avenue between Highcrest Road and Silver Lake Road and Chelmsford Road <br />between 36th and 37th Avenue , the mill and overlay of Saint Anthony Boulevard between Highway 88 and <br />Ridgeway and reconstruction of Coolidge area alley and certain stormwater improvements. The deficit <br />fund balance was eliminated in 2015 with the receipt of bond proceeds. <br /> <br /> <br />73