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The goal to construct a skateboard park has been budgeted in 1999 at $75,000, <br />using lottery funds. <br />K. Construction of a sports complex shelter was set as a goal, and budgeted at <br />$60,000. <br />L. Planning for the construction of a Highway 42/96th Street connection for the later <br />years of the five-year capital improvement plan was identified in 2002 at <br />$1,000,000. <br />M. A new roof on the library was budgeted for $25,000, according to the goals. <br />N. The library book collection and subscriptions have expanded by $10,000 to allow <br />for greater variety in new books. <br />O. The goal to purchase records shelving for central files was addressed, budgeting <br />$12,000. <br />P Maintenance and upgrades at Memory Square Pool was another Council goal. This <br />was budgeted in both the capital projects fund and general fund for a total of <br />$37,000. <br />Other Highlights <br />A. The mill levy of 5.246 (lowered in 1997) will remain unchanged. <br />B. Sales tax revenue is budgeted at $6,811,000, or at a 4.6 percent increase, which <br />is $297,000 over the 1997 total of $6,514,000. <br />C. Intergovernmental revenue includes police grants of $188,000. <br />D. Development revenue is based on commercial developments projected at total <br />valuations of $28,000,000, and 44 single-family permits. The total related taxes and <br />fees will increase over 1997 by approximately $1,000,000. <br />E. Water and sewer user fees will not include any rate increases, with the water <br />assessment fee reduced by $6.60 annually per customer for 1998. This will be <br />phased out over the next 4 years. <br />F The general fund will transfer $650,000 to the capital projects fund, up by $150,000 <br />over 1997. <br />G. Early debt retirement of the 1989 water bond will take place in 1998. The City will <br />exercise a call option of $5,175,000. The interest savings through 2009 will be <br />$2,520,600. <br />