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10/20/2021 <br />9 <br />PHASE II DEBT LEVY BENEFITS <br />Impact of modifying the pace of improvements <br />on debt levy management <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />x <br />Benefits : <br />Overall Debt burden will be reduced at a faster <br />pace <br />The resulting debt levy decreases will allow for a <br />transition to Infrastructure Levy for long term levy <br />support of street improvements <br />Residential Street reconstructions anticipated <br />completed by 2037 vs 2032. <br />Infrastructure levy used 100% to support street <br />cost, saving issuance and interest costs <br />Gain flexibility to adjust if other levy demands <br />occur <br />RESULTING DEBT LEVY PROGRAM 2022-2037 <br />Debt Levy will <br />remain at <br />$2,487,181 for <br />levy years 2022 <br />and 2023