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Alleys <br /> South of 29th Ave. to West of Roosevelt St. <br /> West of Roosevelt St to Stinson Blvd <br /> South of 29th Ave. to Murray Ave. <br /> <br /> <br /> <br />Funding for the 2022 projects will come from bonds and assessments. The bonds issues have 10 & 15- <br />year payment terms. The Debt Levy is the funding source for the annual payment of the bond principal <br />and interest. The 2022 Debt Related Levies are proposed to increase by $0 over the 2021 combined <br />levies. A debt levy reduction program (Peak to Plateau) began in 2014 to stabilize the annual increase <br />in levies created by the annual street reconstruction plan. Without the use of resources committed to <br />this program, the impact of 2021 street bonds issued along with existing debt service requirements <br />would have required an additional 11.91% increase in the 2022 overall Levy <br /> <br />Capital Fund Levies <br /> <br />The 2022 Capital Improvement Program (CIP) and the 2022 Building Improvement Levies annually <br />proposed increases of $25,000 and $5,000 respectively were deferred for 2021 and have been <br />reinstated for 2022. An Infrastructure levy supporting Infrastructure improvements was established in <br />2021. A 2022 levy increase of $5,000 has been proposed. <br /> <br />A Park Improvement levy supporting park improvements has been proposed for 2022. Annual levy <br />increases of $5,000 are planned in connection with repaying the interfund loan which financed the <br />resurfacing of the City Hall tennis courts. The repayment term is 15 years with the Park Improvement <br />levy reaching $50,000 by 2031. The scheduled Levy and Interfund loan activity will produce additional <br />funds for future park improvements. <br /> <br />Levy <br /> <br />The total for all levies is $8,243,092. The levy increase, without the benefit of a flat Debt levy, would <br />have been 11.91%. With the property tax relief applied, the overall levy increase will be limited to <br />$377,497 or 4.8% percent. A summary of the total levies is as follows: <br /> <br /> 2022 <br />General Fund Levy $5,080,297 <br />CIP Levy $ 308,200 <br />Street Improvement Levy $1,985,860 <br />Lease Revenue Bonds/Public Facilities $ 272,683 <br />HRA Levy $ 209,414 <br />Tax Abatement Levy $ 228,638 <br />Building Improvement Levy $ 88,000 <br /> Infrastructure Levy $ 65,000 <br />Park Improvement Levy $ 5,000 <br /> Total $8,243,092 <br /> <br />5