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2021 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 2018
<br />Central Park reuse/ ML
<br />Erosion 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%234,026 54,592 179,434
<br />2019 727,000 936,500 118,627 1,782,127 602,000 - 1,180,127 (35,127) 1,145,000 1,145,000 - 2.07%103,000 - 103,000
<br />2020 2,808,260 288,400 3,096,660 43,900 126,760 2,926,000 74,000 3,000,000 3,000,000 308,568 2.00%150,198 30,687 119,511
<br />2021 2,022,522 2,022,522 1,829,000 525,717 2.50%158,614 47,780 110,834
<br />2022 1,849,440 1,849,440 1,693,000 376,648 2.75%176,276 34,767 141,509
<br />2023 2,290,377 2,290,377 2,005,000 747,306 3.00%180,914 69,864 111,050
<br />2024 2,146,568 2,146,568 2,107,000 569,724 3.25%209,239 54,049 155,190
<br />2025 2,537,369 2,537,369 2,381,000 462,452 3.50%232,086 34,803 197,282
<br />2026 2,539,892 2,539,892 2,494,000 550,287 4.00%241,118 54,410 186,707
<br />2027 2,570,781 2,570,781 2,616,000 720,220 4.25%264,666 39,931 224,734
<br />2028 3,995,020 3,995,020 3,657,000 935,765 4.50%327,165 72,137 255,028
<br />2029 2,898,888 2,898,888 - 2,647,000 695,642 4.75%265,985 71,534 194,451
<br />2030 3,004,827 3,004,827 - 2,750,000 706,090 5.00%281,351 73,548 207,803
<br />ANNUAL STREET PROGRAM DETAIL COSTS - EXHIBIT A ANNUAL STREET PROGRAM DETAIL COSTS - EXHIBIT A
<br />Planned Improvements Less other funding Bond Amount Additional debt levy
<br />Z:\Budget 2021\Final 2020 streets costs options and debt pmt calcs.xlsx
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