Laserfiche WebLink
Existing Debt Analysis <br />Currently have cash available in bond <br />fund to payoff bonds <br />In 2007 payoff: <br />■ 1997A Road Reconstruction Bond <br />o Portions of 35th Avenue and Roosevelt Street <br />o $350,000 balance <br />r Current callable rates of 5% to 5.3% (2008-2013) <br />a Can reduce levy by $54,000 in 2008 <br />Use of $54,000 Reduction in <br />[Road Levy <br />Paying off the 1997A Bonds in 2008 <br />allows the City to continue to levy this <br />without negative impact to community <br />Funds will be utilized to: <br />Continue to fund Salo Park Maintenance <br />from HRA fund <br />Approximately $25,000 <br />Increase HRA Lewy <br />$30,000 to cover costs of administration <br />54 <br />0 <br />