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<br />DISCUSSION ITEMS FOR COUNCIL FEEDBACK
<br />Below are the specific items for discussion and feedback for the City Council:
<br /> Does the Council support the 2022 scheduled Street improvements and 2022 Debt levy as contained
<br />herein?
<br /> Does the Council have an interest in exploring a modification to the street improvement schedule once
<br />Met Council’s discussions have resulted in the permission move ahead?
<br /> Any other aspects of the Street program/financing Staff should consider?
<br />
<br />ATTACHMENTS:
<br />1) Debt Levy plan – continued practice of an annual project
<br />2) Modified Debt Levy plan – extending street project schedule
<br />3) Transition process schedule
<br />
<br />Levy Year Debt levy
<br />Infrastructure
<br />Fund Total
<br /> Combined
<br />$ change in
<br />Levy
<br /> Combined
<br />% change in
<br />Levy Levied $ Annual 60K
<br />Bond $
<br />Eliminated Bond Year Bond Impact
<br />2020 2,487,181 - 2,487,181 - 0%
<br />2021 2,487,181 - 2,487,181 - 0%
<br />2022 2,487,181 - 2,487,181 - 0%
<br />2023 2,487,181 - 2,487,181 - 0%
<br />2024 2,237,841 250,000 2,487,841 660 0.03%
<br />2025 2,121,041 400,000 2,521,041 33,200 1.33%
<br />2026 2,056,119 500,000 2,556,119 35,078 1.39% 1,150,000 (180,000) 970,000 2027 BOND REDUCED 40%
<br />2027 1,959,839 600,000 2,559,839 3,720 0.15%
<br />2028 1,924,610 700,000 2,624,610 64,771 2.53%
<br />2029 1,910,755 800,000 2,710,755 86,145 3.28%
<br />2030 1,959,129 850,000 2,809,129 98,373 3.63% 2,950,000 (240,000) 2,710,000 2031 BOND REDUCED 61%
<br />2031 1,933,392 950,000 2,883,392 74,263 2.64%
<br />2032 1,977,404 1,000,000 2,977,404 94,012 3.26%
<br />2033 1,785,817 1,050,000 2,835,817 (141,587) -4.76% 1,450,000 (90,000) 1,360,000 2033 BOND REDUCED 44%
<br />2034 1,744,047 1,150,000 2,894,047 58,230 2.05% 2,125,000 (150,000) 1,975,000 2034 BOND REDUCED 59%
<br />2035 1,718,114 1,150,000 2,868,114 (25,933) -0.90%
<br />2036 1,324,279 1,150,000 2,474,279 (393,835) -13.73% 2,875,000 (150,000) 2,725,000 2036 NO BOND REDUCED 100%
<br />2037 1,345,614 1,150,000 2,495,614 21,335 0.86%
<br />Use of Infrastructure LevyTransition of Debt Levy to Infrastruture Levy
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