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Agenda - Council Work Session - 08/25/2015
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Agenda - Council Work Session - 08/25/2015
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3/17/2025 4:08:00 PM
Creation date
9/16/2015 8:22:34 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
08/25/2015
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GENERAL FUND: <br />• EXPENDITURES Continued: <br />o Road Reconstruction Funding (Note Debt Issuance below) <br />• 2016: Garnet Street & Overlays: $114,825 (Est Annual levy 10 years) <br />• 2017: Andrie Street & Overlays: $198,356 (Est Annual levy 15 years) <br />• 2018: Alpine Drive & Overlays: $108,335 (Est Annual levy 10 years) <br />• 2019: StanhopeTerr &Overlays: $241,624 (Est Annual levy 10 years) <br />• 2020: Ford Brook & Overlays: $142,393 (Est Annual levy 10 years) <br />o Capital Equipment <br />• 2016-2017: 50% Capital Equipment Certificate Debt Issued 2014 <br />50% Equipment Revolving Fund <br />2018-2020: 50% Capital Equipment Certificate Debt to be issued in <br />2017: Approximate $155,000 annual levy 10 years <br />50% Equipment Revolving Fund <br />4- Consider Ending Fund Balance of Equip Fund <br />• 2015-2019: 50% Capital Equipment Certificate Debt Issuance <br />50% Equipment Revolving Fund <br />• Complete Listing of the Capital Equipment Items will be included in <br />the 2016-2020 Capital Improvement Plan (CIP) <br />Other: Debt Levies: <br />Debt Issuance: Amount shown reflects total Debt issued (see tax <br />Capacity rate sheet for detail of annual levy amounts) <br />2017: $1,259,000 Capital Equipment Certificates (2018-2020 Capital) <br />2017: $2,865,000 (2016 Road Projects — Andrie & Overlays) <br />2018: $995,000 (2017 Road Projects — Alpine & Overlays) <br />2019: $2,435,000 (2018 Road Projects — Stanhope Terrace & Overlays) <br />2020: $1,440,000 (2019 Road Projects — Ford Brook & Overlays) <br />
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