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Agenda - Council Work Session - 06/15/2010
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Agenda - Council Work Session - 06/15/2010
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3/18/2025 2:40:00 PM
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6/10/2010 3:32:46 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
06/15/2010
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<br />. Other Funds. Use other fundinq sources such as Municipal State Aid, Utility <br />Franchise Fee Fund, Water Utility Fund, Sanitary Sewer Fund, and the Storm <br />Water Utility Fund. The following chart indicates the proposed percentages <br />from the various funding sources. <br /> <br />Proposed Sources of Street Financing <br /> <br />"lerest Eamings <br />5% <br /> <br />Municipal State Aid <br />13% <br /> <br />Fund Balance <br />19% <br /> <br /> <br />Franchise Fee <br />9% <br /> <br />E~sling Tax Levy <br />2% <br /> <br />Walerlltility <br />~ 4% <br /> <br />SanitaJ)' Sewer lItiiily <br />2% <br /> <br />~ Storm Waler Ulinly <br />0% <br /> <br />New Tax Levy <br />14% <br /> <br />Tax hcrement <br />32% <br /> <br />. Recommendation for Previously Assessed Properties. Two previously <br />completed projects currently have active assessments: County Road H2 <br />Street Improvement Project and the 2003 Street Improvement Project. <br />Property owners associated with these two projects may be eliqible for an <br />adiustment of their assessment. <br /> <br />The feasibility of this recommendation is being further reviewed by the City. <br /> <br />./ <br /> <br />-9- <br />
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