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Existing debt Analysis <br />Currently have cash available in bond fund <br />to payoff bonds <br />4n 2008 payoff: <br />■ 1999A Road Reconstruction Bond <br />o Portions of Wilson Street and Pahl Avenue <br />Q Can reduce levy by $34,500 in 2009 <br />■ 2003D Bond <br />o Refunding of 1993A, 19948 and 1995 bonds <br />a Can reduce levy by $52,400 in 2009 <br />■ After paying off these issues, oldest outstanding <br />debt of City will be from 2000 (6+ years old) <br />Future Bonds -Road <br />[ Reconstruction <br />Prepayment of special assessments <br />6 year history shows average of $125,000 in <br />prepayment of special assessments <br />Will annually analyze prepayment history to <br />recommend if or how much the current year <br />bond amount should be reduced <br />55 <br />7 <br />