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4. The Public Safety Department will include one additional <br />police officer. <br />5. Capital Improvement Projects <br />A. Downtown Redevelopment Project <br />B. Central Shop Facility <br />C. Acquisition of land for a Library Building <br />D. Phase II Heritage Park <br />E. Trails <br />F. Lake Park Construction <br />G. Chip Seals & Street Overlays <br />H. Tree Planting Program <br />I. South Boulder Road Improvements <br />J. Open Space Acquisition <br />K. Needed equipment for Parks, Police and Public <br />Works Departments <br />L. Harper Lake Raw Water Storage <br />M. North Treatment Plant Expansion <br />N . Water Rights Acquisition <br />O . Water Main Replacements <br />P . Phase II Sewer Treatment Plant Expansion <br />Q. Sewer Line Construction <br />Twenty-four percent (24%) of the 1985 anticipated revenues come <br />from sources related to growth. These growth dollars coupled <br />with the one percent (1%) sales tax increase, bonding and <br />developer contributions are utilized for the above mentioned <br />Capital Improvement Projects. <br />Provision has been made for all bond and interest payments as <br />well as obligations relating to land payments and leasing of <br />vehicles, equipment and buildings. The debt position of the City <br />is detailed and summarized in the budget. The General Obligation <br />Bond limit is set by the State of Colorado at three percent (3%) <br />of the City's actual valuation, which for the budget year 1985 is <br />$219,419,680 permitting a debt limit of $6,582,590. Water and <br />Wastewater Bond issues do not apply against the debt limit.. <br />The total assessed valuation for the City is $54,854,920. <br />Our mill levy as submitted is increased from 7.429 to 7.742 <br />mills. This increase is permitted by State Statue governing the <br />7% limitation on increases in ad -valorem tax revenues. <br />The City's budget for 1985 expresses a certain degree of <br />optimism! If an economic downturn develops our revenue <br />projections could be too high and could result in mid -year cut- <br />backs. All the "ifs" won't be listed here, but we will be <br />monitoring the budget very carefully, watching for soft spots and <br />economic trouble. <br />