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Agenda - Council Work Session - 09/08/2020
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Agenda - Council Work Session - 09/08/2020
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
09/08/2020
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A. Contributing Factors of Increase (Continued): <br /> -EDA Levy: <br /> EDA Fund: Levy Decrease of$16,503. Approved by EDA August 13, 2020. <br /> -Debt Levy: Levy Increase of$156,581 <br /> A. Contributing Factors of Increase: <br /> • Public Works Campus: $205,841 of new debt (Debt Issued See Internal Loan under General <br /> Fund Levy) <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 /> • Fire Station Debt reduced by$93,000 from 2019 closed bond remaining funds <br /> • Debt Summary: <br /> 2020 Public Works Campus (2041 Last Year) 205,841 <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) 190,933 <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 1,863,468 <br /> 2 <br />
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