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For 2013, the City Engineer is proposing street reconstruction and utility improvements to: ♦ Edwards Street — 35°i Avenue NE to 36a' Avenue NE; ♦ 36th Avenue NE — Roosevelt Street to Silver Lake Road. The total budget of the proposed street project is estimated at $1,803,197. Funding for the project will come from road improvement bonds and special assessments. The City continues to assess 35% of the costs to the adjacent property owners and through the issuance of road improvement bonds, 65% of the costs is levied over the entire community for their use of City streets. Lev St. Anthony's General Operating Fund levy for 2013 totals $3,123,343 which supports the cost of providing City services. The total for all levies is $5,426,789. This represents an increase of $203,700 or 3.9% percent. A summary of the total levies are as follows: General Operating Levy CIP Levy Street Improvement Levy Lease Revenue Bonds/Public Facilities HRA Levy Tax Abatement (Central /Emerald Park) Total 2013 $3,123,343 (General Fund) $ 50,000 $1,577,184 $ 379,197 $ 150,585 $ 146,480 $5,426,789 Changes to the levy include: a $78,177 increase in the General Operating levy; a $76,429 increase to the Road Improvement Levy; a $30,576 decrease to the Lease Revenue Bonds/ Public Facilities Levy and a $2,915 decrease in the Tax Abatement Levy for Central & Emerald Parks. The addition of a $50,000 Capital Improvement Levy and the elimination of the $7,500 PERA Levy. In 2013, the median property valuation of the City equals $207,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,380.21 in "City Property Taxes ". A breakdown of the costs includes: $810.50 for Police, Fire, Public Works and Park maintenance; $419.12 for Streets; $99.19 for the Fire and Public Works buildings; $38.32 for the Central and Emerald park improvements; and $13.08 for the Capital Improvement Fund. 9