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Franchise Fee/Tax Levy Calculation <br />2020-2029 Total Project Costs $ 28,144,449.00 <br />MSA Funded $ (3,239,760.00) <br />General Funded ($500,000 -$200,000 Cracksealing) $ (2,700,000.00) <br />Road Funds remaining $ (795,000.00) <br />TIF $ (400,000.00) <br />Storm Water $ (1,687,108.00) <br />Water Utility $ (385,000.00) <br />Net Bonding $ 18,937,581.00 <br />Annual Average Project Costs: $ 2,104,175.67 <br />Based on 2021-2029 Data as 2020 fully MSA funded <br />Remove 10% Admin Costs $ (210,417.57) <br />Avg Amount needed for Tax Levy $ 1,893,758.10 <br />Rebate Special Assessments (Est) $ 50,000.00 <br />Avg Amount needed for Franchise Fee $ 1,943,758.10 <br />$16 month Franchise Fee Generates Approximately <br />$14 month Franchise Fee Generates Approximately <br />$ 2,150,000.00 <br />$ 1,925,000.00 <br />