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97 <br />Key Financial Strategies — 2007 Financial Management Plan <br />May 17, 2007 <br />Page 2 <br />4. Staff has completed a survey of park dedication fees and other City fees. Staff will present the <br />infonnation at the work session for Council review and direction on how to proceed. If the <br />Council decides to update /changes fees, this would likely come before the Council for formal <br />action this fall. <br />5. Results of the debt study for all existing debt the City has will be presented for review and <br />direction from the Council on how to proceed (options to reduce the levy, retire debt early, put the <br />dollars towards future road projects, etc.). <br />6. Annual levy of $128,000 (after special assessments) is shown for Silver Lake Road (2008 road <br />reconstruction program) and is the typical annual levy the City has done for road reconstruction <br />projects. <br />7. Chandler TIF District will be decertified in 2010 allowing the property back on the Tax Roles in <br />2011. The added tax capacity will again provide the opportunity to lower the City's tax levy <br />and /or provide Council opportunities to undertake other projects if they choose to not reduce the <br />levy. The projected captured tax capacity which would be added to the general taxing roll is <br />approximately $180,466, which may generate $90,000 in property taxes. Staff will present options <br />for Council review and discussion. <br />We look forward to meeting with you to go over the numbers in more detail. Please contact us at <br />651- 697 -8500 if you have any questions. <br />