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o Annual Debt Service Levy-10-year term Years 2019 Debt Issuance <br />• 20-year term years 2020, 2021 & 2022 <br />• Special Assessment per property 25% approx. <8,000 Property <br />• Trail Maintenance Funding: <br />o Funded from Capital Maintenance Fund: $590,000 Beginning Balance <br />o 2019 - $50,000 <br />o 2020-$60,000 <br />o 2021-$70,000 <br />o 2022-$80,000 <br />o 2023-$90,000 <br />• Capital Equipment Funding: <br />o 2019-$737,450 Equipment Revolving Fund <br />o 2020-$400,000 Equipment Revolving Fund <br />• $127,000 Capital Equipment Certificates (New Issuance-2020) <br />o 2021-$874,500 Capital Equipment Certificates (From Issuance-2020) <br />o 2022-$657,000 Capital Equipment Certificates (From Issuance-2020) <br />o 2023-$491,500 Capital Equipment Certificates (From Issuance-2020) <br />• $218,500 Equipment Revolving Fund <br />• Annual Debt Levy On Capital Equipment Certificates Starting in year <br />2021 (End 2030): $280,649 <br />• Public Works Campus <br />o Assumes construction to begin in Year 2022 with debt issuance in 2022 <br />o Annual levy of approximately $732,457 for 20 years (2020-2039) on $10,250,000 <br />of debt (Total Project of $15M) <br />o Water, Sewer, Recycling and Facility Fund fund $4,750,000 <br />■ Does water and sewer contribute/loan larger amount & reduce debt? <br />2 <br />