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Agenda - Council Work Session - 07/14/2020
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Agenda - Council Work Session - 07/14/2020
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3/17/2025 1:51:41 PM
Creation date
7/20/2020 9:22:54 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
07/14/2020
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A. Contributing Factors of Increase (Continued): <br />6. Decreased Revenue: <br />a. Tower Rental: $27,000 <br />b. Engr Staff Time: $21,000 <br />c. Court Fines: $10,000 <br />-EDA Levy: <br />EDA Fund: Levy Decrease of $3,053 <br />-Debt Levy: Levy Increase of $322,740 <br />A. Contributing Factors of Increase: <br />• Public Works Campus: $319,000 of new debt <br />• *Municipal Center Debt reduced by ($362,300) debt service funds available <br />• Debt levy related to roads was decreased by $241,263 from PIR Fund in 2020. <br />• Debt was reduced last year by $70,000 due to debt service funds available <br />• Debt Summary: <br />2020 Public Works Campus (2041 Last Year) 319,000 <br />2013 Capital Equipment Certificates(2023 Last Year) 74,366 <br />2014 Capital Equipment Certificates (2024 last year) 103,157 <br />2015 Road Improvement Debt (2025 last year) 114,563 <br />Muni Center (2031 last Year) 814,713* <br />Fire Station #2 (2033 last year) 283,933 <br />2016 Road Improvement Debt (2026 last year) 150,490 <br />2017 Road Improvement Debt (2027 last year) 96,768 <br />2018 Road Improvement Debt (2028 last year) 112,637 <br />Total Bonded Debt Levied 2,069,627 <br />2 <br />
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