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Agenda - Council Work Session - 11/17/2009
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Agenda - Council Work Session - 11/17/2009
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3/18/2025 4:23:18 PM
Creation date
11/12/2009 3:27:28 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
11/17/2009
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<br />REVENUE SOURCES <br /> <br />Assessments <br />MSA <br />General Fund/TIF <br /> <br />$ 400,000.00 <br />$ 945,000.00 <br />$ 300,000.00 <br /> <br />TOTAL <br /> <br />$ 1,645,000.00 <br /> <br />Total revenue for current SMP <br />Revenue needed for recons <br /> <br />$ <br />$ <br /> <br />890,750.00 (includes only $190,000 from MSAI <br />3,117,625.00 <br /> <br />Revenue gap going forward <br /> <br />$ <br /> <br />2,172,625.00 <br /> <br />FUNDING OPTONS <br /> <br />Zero assessments <br />20.% assessed <br /> <br />$ <br />$ <br /> <br />236.15 additional tax/year <br />188.92 additional tax/year <br /> <br />Assessing a minimum of 20% is required to issue improvement bonds. <br />What about tax exempt parcels? <br />TIF closing in 2013 <br />Levy limits <br />MSA policy different if assessible? <br />
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