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7/7/2021 <br />6 <br />RESULTING DEBT LEVY PROGRAM 2022-2037 <br />Debt Levy will remain at $2,487,181 for levy years 2022 and 2023 <br />COUNCIL ACTION <br />Approval of Proposed 2022 Debt Levy of $2,487,181 <br />Approval of Phase II Debt Levy Program which features: <br />Street Improvements Projects occurring two out of every three <br />years <br />Transitioning decreasing Debt Levy to Infrastructure Levy <br />Yielding benefits of: <br />Reduced debt burden <br />Increased ability to fund improvement costs as incurred saving <br />interest costs <br />28