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7/7/2021 <br />2 <br />ANNUAL STREET AND UTILITY IMPROVEMENT PROCESS <br />City Manager, City <br />Engineer. Public Works <br />Director and Finance <br />Director reviews street <br />reconstruction schedule <br />and revises as needed <br />City Engineer presents <br />updated street <br />reconstruction schedule to <br />City Council and seeks for <br />approval for a feasibility <br />report on upcoming years <br />projects <br />Next steps are Council <br />acceptance of feasibility <br />report, hold public <br />informational meetings <br />approve plans and <br />authorized bids <br />Upon the opening of bids <br />the expected construction <br />costs are used to update <br />the impact to the existing <br />debt levy <br />Annual street improvements are the main driver of the debt levy. <br />Detailed Engineering & Financial planning begins approximately <br />one year in advance of the construction start date <br />STREET IMPROVEMENT <br />& DEBT SERVICE FUNDS <br />SOURCES <br />Street improvement debt levy <br />Bond proceeds <br />Assessments <br />MSA allocation <br />One-time revenues <br />& project savings <br />USES <br />Street improvement debt <br />Street reconstruction <br />Utility reconstruction <br />Street lights <br />Sidewalks <br />Mill & overlays <br />Alleys <br />24