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2018 Debt Levy <br />The 2018 Debt Levy has been modeled using the existing road reconstruction schedule and a revised <br />reordering of construction. The later was developed with WSB to reflect the priorities of <br />reconstruction based on the current conditions of the roadway and underground utilities. <br />Existing Schedule: <br />Assumes no change in construction schedule or costs: <br />• Year to Year debt levy change modeled is similar to 2017 model <br />• Peak debt levy point in 2023 for the 2018 model decreases by 23K (3,215K/3,192K) <br />• Plateau debt levy point in 2023 for the 2018 model decreases by 5K (2,800K/2,795K) <br />• Total future street costs 2018 -2025 = $23,090,000 <br />Re- ordered Schedule: <br />Assumes no change in construction schedule and updates to costs: <br />• Year to Year debt levy change modeled is less than 2017 model <br />• Peak debt levy point in 2023 for the 2018 model decreases by 205K (3,215K/3,010K) <br />• Plateau debt levy point in 2023 for the 2018 model decreases by 157K (2,800K/2,643K) <br />• Total future street costs 2018 -2027 = $25,300,000 <br />1. Includes addition of Highcrest (North of 37th) -$750,000 <br />2. Updates to future costs of $1,460,000 <br />