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Utility Improvements <br />(Water, Sewer & Storm) <br /> <br />Sources of Minimum of 20% special assessments against benefited property, Any other <br />Revenue for municipal revenues may be used including property taxes. <br />Debt Service <br />Type of Debt General Obligation Improvement Bonds or Assessment Revenue Notes. <br /> Temporary Improvement Bonds and Permanent bnprovement Revolving Fund <br /> Bonds are an alternative to General Obligation Improvement Bonds depending on <br /> circumstances - typically rate of assessment collection expected. <br />Comments . No election required if more than 20% of the cost of the project is assessed. <br /> Not subject to debt limit <br /> Any property tax levy that s required is outside of levy limits <br /> Temporary bonds or Revolving Fund Bonds <br /> <br />Sources of Utility rates and charges including assessments. <br />Revenue for <br />Debt Service <br />Type of Debt General Obligation Revenue Bonds <br />Comments No election required <br /> Not subject to debt limit <br /> Any property tax levy that s required should be on a temporary basis only <br /> <br />Parking Structures <br /> <br />Sources of User Charges <br />Revenue for Special Assessments <br />Debt Service <br /> Taxes <br />Type of Debt General Obligation Bonds <br /> Revenue Bonds <br />Comments No election required for a General Obligation l~ond if assessments are levied <br /> for more than 50% of the amount o~ the bonds. <br /> Not subject to debt limit <br /> <br />-30- <br /> <br /> <br />