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used to support the debt levy reduction program as needed in prior years. This support is <br />also planned to occur again in 2024-2029, as long as future pond maintenance costs are <br />fully addressed. <br /> The stormwater rates have been adjusted over time to support maintenance costs and <br />capital needs. Continuing rate management will ensure sustainability. <br /> <br /> <br />Street Improvement and Debt Service Plan (pages 29-34) <br /> <br /> Plan reflects the 2022 street improvement schedule. <br /> <br /> Plan has updated projections for future bond interest rates. <br /> <br /> Annual street improvements include a mixture of street, utility and storm water <br />reconstruction, alley improvements and mill and overlays. <br /> <br /> The street improvement schedule and 2022 debt levy reduction program were <br />presented to the City Council at the 3/9/21 council work session and approved at the <br />7/13/21 City Council meeting. <br /> <br /> The Street Improvement schedule was revised in 2022 to provide for an off year every <br />third year, rather than a project scheduled every year. This approach will allow the City <br />to transition to using levy dollars vs 100% debt financing to support the street <br />improvement costs. <br /> <br /> <br />Summary <br /> <br />The proposed 2022 Capital Funds budgets align revenue sources with appropriate needs to ensure <br />sustainability. The budgets as presented are intended to support the Cities present level of services and <br />maintain the City’s infrastructure for current and future community members. <br /> <br /> <br />6