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2018 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />23 <br /> <br />“PEAK TO PLA TEA U” <br />City Council and Staff again held workshops to review progress on the City’s Street improvement <br />program and the options available for the years remaining. This analysis included: <br /> Used engineer’s expanded Street feasibility two year study to balance current year to year <br />construction costs more effectively <br /> Planning use of debt service funds beyond that needed for scheduled retirements <br /> Reviewing future construction costs adequacy <br /> Evaluating Streets reconstruction dates and options <br /> Identifying additional resources for the streets program <br />The process resulted the re-ordering of the remaining streets reconstruction dates, discussed in <br />detail in Chapter IV. Resources totaling $510,067 were identified and assigned to mitigating the <br />increase in the 2019 Road Debt Levy. The Debt Levy reduction plan as developed will lower the <br />unchecked high point of the levy until the point the City benefits from the retirement of prior <br />road debt. <br /> <br />Peak to Plateau <br /> <br /> <br />Total Levied Debt after reduction