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<br /> <br />Below is a snap shot of the Debt Levy modeling associated with modifying the pace of improvements to the <br />reduce reliance on bond financing and transition to levy support. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Notables associated with Model reflecting a modified pace of improvements to reduce reliance on bond <br />financing and transition to levy support: <br /> Existing reconstruction timeline will be extended with no street project in 2023, 2026, 2029, 2032, 2035. <br /> Previously the City’s ability was limited by the Met Council I&I Program. Significant progress on that <br />issue has been made. Therefore, Staff is in discussions with the Met Council staff which will allow for this <br />type of modification to the street improvement schedule. <br /> Greater Debt levy decreases for 2024-2027. <br /> These decreases are transitioned to Infrastructure Levy for long term support of street improvements. <br /> Residential Street reconstructions anticipated completed by 2037 vs 2032. <br /> Cumulative debt will decrease significantly between 2024-2037. <br /> Infrastructure levy used 100% to support street cost, Debt Levy must support bonding costs and interest <br />costs in addition to street costs. <br /> 2027-2030 combined levy increases will be less than existing plan. <br /> Gain flexibility to adjust if other levy demands occur. <br /> See Transition process below. <br /> <br /> <br /> <br /> <br />