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2020 DEBT LEVYFuture Streets ScheduleImprovement Year Street/Utility costs Mill/overlays Alleys / Sidewalks Intersections Street Lighting DrainageLED‐Kenzie 2015 Railroad XX 2016 2017Fire Truck 2018 Central Park reuse/ ML ErosionTotal Bonded Improvements Grants/Aids/TIFEst Prepaid assmtsNet costs to be Bonded Bond Issuance costs 1.75%Bond required Rounded Net Assessments Estimated True interest rateAVG Annual Debt Service @ 105%Less assessment collectionsEst additional levy 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 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 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 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 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 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 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% 234,026 54,592 179,434 2019 727,000 936,500 613,000 2,276,500 852,000 ‐ 1,424,500 80,500 1,502,663 1,505,000 - 2.77% 128,841 ‐ 128,841 2020 2,099,300 2,099,300 166,152 1,933,148 48,329 1,981,477 1,982,000 308,568 3.25% 170,547 30,687 139,860 2021 2,093,540 346,900 2,440,440 146,548 2,293,892 57,347 2,351,240 2,352,000 272,160 3.75% 202,977 17,722 185,255 2022 2,483,815 2,483,815 173,867 2,309,948 40,424 2,350,372 2,351,000 322,896 4.25% 234,994 34,386 200,607 2023 1,859,845 80,000 1,939,845 146,189 1,793,656 31,389 1,825,045 1,826,000 265,780 4.75% 187,501 27,351 160,150 2024 2,766,300 ‐ 60,000 2,826,300 250,000 205,641 2,370,659 41,487 2,412,146 2,413,000 377,619 5.00% 248,136 37,036 211,100 2025 2,565,700 ‐ 90,000 2,655,700 197,599 2,458,101 43,017 2,501,118 2,502,000 360,541 5.00% 253,956 34,803 219,153 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 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 2028 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 2029 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 2030253,278 458,481 711,759 ‐ 44,324 667,435 11,680 679,116 680,000 82,315 5.00% 71,153 8,676 62,477 2031 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 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 2033293,201 94426500,768 888,395 89,081 799,314 13,988 813,302 814,000 151,946 5.00% 84,133 15,917 68,215 Planned Improvements Less other funding Bond Amount Additional debt levyS:\1Council Worksessions\2019\06032019\debt levy.xlsx
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