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• Road Funding (Continued): <br /> ■ Annual Debt Service Levy-l0-year term. <br /> ■ Special Assessment per property 25% approx. <8,000 Property <br /> • Public Works Campus <br /> o Assumes construction to begin in Year 2019 with debt issuance in 2019 <br /> o Annual levy of approximately $660,000 for 20 years (2020-2039) on <br /> $9,669,000 of debt <br /> o Water, Sewer, Recycling and Facility Fund fund $4,381,500 <br /> ■ Does water and sewer contribute/loan larger amount & reduce debt? <br /> GENERAL FUND: <br /> • REVENUES: <br /> o Building Permit Revenue held fairly constant (2% growth) 2017-2021 <br /> o Local Government Aid - $0 for all years <br /> o Engineering Revenue: 12% of Project Costs related to road <br /> reconstructions, overlays and sealcoats <br /> o Capital Equipment: Transfers In <br /> ■ 2017: 50% Capital Equipment Certificate Debt Issued in 2014 for <br /> Capital purchases related to years 2015-2017 other 50% <br /> 50% Equipment Revolving Fund <br /> 2018-2021: 50% Capital Equipment Certificate Debt to be issued in <br /> Year 2017: Approximate $197,800 annual levy <br /> for 10 years. <br /> 50% from Equipment Revolving Fund <br /> Equipment Revolving Fund approx. $100,000 balance at year end <br /> 2021 using 50/50 Debt Issuance/Equipment Fund Scenario for <br /> years 2018-2021 <br /> o Property Tax (General Fund only) Increase of- <br /> 0 <br /> £■ $382,914 from 2016 to 2017 <br /> 0 $639,674 from 2017 to 2018 <br /> 0 $441,570 from 2018 to 2019 <br /> 0 $454,019 from 2019 to 2020 <br /> 0 $467,983 from 2020 to 2021 <br /> o Overall Levy (General, EDA & Debt) increase of: <br /> ■ $507,983 from 2016 to 2017 <br /> 0 $1,100,339 from 2017 to 2018 <br /> 0 $689,377 from 2018 to 2019 <br /> 0 $1,271,548 from 2019 to 2020 <br /> 0 $694,143 from 2020 to 2021 <br />