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SUBJECT: 2021 PRELIMINARY BUDGET <br />DATE: SEPTEMBER 9, 2020 PAGE 3 OF 3 <br />• As of December, 31, 2019, the accreted value of the bonds was $4,713,631. If the <br />bonds are not fully paid at the end of the URD's life, they dissolve without default. <br />Other Priorities for 2021 Budget <br />Prior 2020 Work Plan discussions can help the LRC in providing feedback to staff about <br />what projects should be drafted for the 2021 preliminary budget. Based on mostly high <br />and some medium priority items in the existing Work Plan, potential priorities for 2021 <br />could include: <br />• Allocation for Public Infrastructure Assistance Agreements: <br />o 511 East South Boulder Road and 809 Main Street: $400,000 - $600,000 <br />• Participation in high priority Transportation Master Plan projects, in coordination <br />with the City of Louisville: <br />o Sidewalk improvement at Griffith and Pine Streets: $22,200 <br />o Sidewalk improvement for Highway 42: $700,000 <br />o Sidewalk widening, North side of South Boulder Road (Garfield, Jefferson): <br />$81,000 <br />• Support additional wayfinding signage at DeLo to link parking to downtown: TBD <br />• Fagade Improvement Program focused on South Boulder Road properties: TBD <br />RECOMMENDATION: <br />Staff has prepared the above information for discussion ahead of a 2021 preliminary <br />budget presentation. The LRC should provide input or any needs for additional <br />information so that staff can continue to prepare the budget process. <br />Staff also seeks input on scheduling a special meeting for late October to review the <br />preliminary budget including assessed valuation information. <br />ATTACHMENTS: <br />• Attachment #1: May 6, 2020 Memo from Finance Director Watson on 2019 Year - <br />End Update and 2020-2024 Projections <br />Agenda Packet P. 14 <br />