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2019 DEBT LEVY
<br />Future Streets Schedule
<br />Improvement Year
<br />Street/Utility
<br />costs Mill/overlays
<br /> Alleys /
<br />Sidewalks
<br />Intersections
<br />Street
<br />Lighting Drainage
<br />LED-Kenzie 2015
<br />Railroad XX 2016
<br />2017Fire Truck
<br />2018 Central Park
<br />reuse/ ML Erosion
<br />Total Bonded
<br />Improvements Grants/Aids/TIF
<br />Est Prepaid
<br />assmts
<br />Net costs to be
<br />Bonded
<br /> Bond 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 2013 1,803,197 1,803,197 75,840 1,727,357 47,643 1,775,000 1,775,000 438,400 2.00%172,902 29,227 143,675
<br /> Actual 2014 2,014,491 177,250 2,191,741 50,000 177,855 2,013,800 55,530 2,069,330 2,070,000 305,016 2.74%179,461 24,500 154,961
<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%217,770 32,972 184,798
<br /> Act. Street 2016 1,273,004 86,300 79,956 24,150 1,463,410 31,125 1,432,285 22,715 1,455,000 1,455,000 245,967 2.02%120,866 16,398 104,469
<br />HSIP/ ML Tax Abtmt. 2016 2,975,000 2,975,000 1,542,000 - 1,433,000 12,000 1,445,000 1,445,000 - 1.54%94,787 - 94,787
<br /> Act. Street 2017 2,789,904 60,700 2,850,604 216,110 2,634,494 (34,495) 2,599,999 2,600,000 617,459 2.41%228,137 36,175 192,121
<br />Actual 2018 2,572,300 65,900 232,200 2,870,400 232,200 64,990 2,573,210 35,196 2,608,406 2,610,000 584,890 3.00%234,139 54,705 179,434
<br />2019a 711,000 378,800 717,000 300,000 2,106,800 986,431 - 1,120,369 28,009 1,148,378 1,150,000 3.50%107,690 107,690
<br />2019 additional option 175,500 353,700 529,200 - 529,200 13,230 542,430 542,000 3.50%51,321 51,321
<br />2020a 1,365,300 451,400 1,816,700 95,571 1,721,129 43,028 1,764,157 1,765,000 177,489 3.88%169,834 17,627 152,207
<br />2021 2,093,540 80,000 2,173,540 162,548 2,010,992 50,275 2,061,267 2,062,000 296,160 4.10%202,253 17,722 184,531
<br />2022 2,483,815 60,000 2,543,815 185,867 2,357,948 41,264 2,399,212 2,400,000 340,896 4.35%237,343 34,386 202,957
<br />2023 1,859,845 90,000 1,949,845 148,189 1,801,656 31,529 1,833,185 1,834,000 268,780 4.50%184,866 27,351 157,514
<br />2024 2,766,300 - 2,766,300 250,000 193,641 2,322,659 40,647 2,363,306 2,364,000 359,619 4.75%241,533 37,036 204,497
<br />2025 2,565,700 - 2,565,700 179,599 2,386,101 41,757 2,427,858 2,428,000 333,541 5.00%249,886 34,803 215,083
<br />2026 2,776,800 - 2,776,800 194,376 2,582,424 45,192 2,627,616 2,628,000 360,984 5.00%271,651 37,657 233,993
<br />2027 2,945,000 - 2,945,000 206,150 2,738,850 47,930 2,786,780 2,787,000 382,850 5.00%285,856 39,931 245,924
<br />2029 3,375,500 - 3,375,500 300,000 236,285 2,839,215 49,686 2,888,901 2,889,000 438,815 5.00%298,433 45,752 252,681
<br />2031 3,034,785 3,034,785 - 212,435 2,822,350 49,391 2,871,742 2,872,000 394,522 5.00%293,307 41,145 252,162
<br />2028 253,278 458,481 711,759 - 44,324 667,435 11,680 679,116 680,000 82,315 5.00%71,153 8,676 62,477
<br />2030 265,942 215,879 185,521 667,342 - 132,891 534,451 9,353 543,803 544,000 215,959 5.00%57,193 22,575 34,619
<br />2032 279,239 222,355 501,594 - 48,867 452,727 7,923 460,650 461,000 90,753 5.00%48,214 9,553 38,661
<br />2033 293,201 94426 500,768 888,395 89,081 799,314 13,988 813,302 814,000 151,946 5.00%84,133 15,917 68,215
<br />WITH 2019 & 2020 PROJECT OPTIONS
<br />Planned Improvements Less other funding Bond Amount Additional debt levy
<br />Z:\Budget 2019\8 20 2018 budget ws\sr2019 2020 streets costs options and debt pmt calcs.xlsx
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