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6/20/2025 <br />2 <br />STREET AND UTILITY IMPROVEMENT <br />PROCESS <br />•Regular street improvements are a main driver of the debt levy <br />•Detailed Engineering & Financial planning begins approximately one year in <br />advance of the construction start date <br />City Manager, City Engineer, <br />Public Works Director and <br />Finance Director review <br />street reconstruction <br />schedule and revise as <br />needed <br />City Engineer presents <br />updated street <br />reconstruction schedule to <br />City Council and seeks <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 />authorize bids <br />Upon the opening of bids <br />the expected construction <br />costs are used to update the <br />impact to the existing debt <br />levy <br />STREET IMPROVEMENT & <br />DEBT SERVICE FUNDS <br />SOURCES USES <br />•Street improvement debt levy <br />•Bond proceeds <br />•Assessments <br />•Municpal State Aid (MSA) <br />allocation <br />•One-time revenues <br />•& project savings <br />•Street improvement debt <br />service <br />•Street reconstruction <br />•Utility reconstruction <br />•Streetlights <br />•Sidewalks <br />•Mill & overlays <br />•Alleys <br />3 <br />4 <br />10