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City of Arden Hills, Minnesota <br />Five-Year Capital Improvement Plan for Bond Issuance 8 <br />Assessor's Estimated Market Value 1,844,682,400 <br />Multiply by 0.16% 0.16% <br />Statutory Debt Limit 2,951,492 <br />Less: Existing Debt Service Subject to the Limit 0 <br />Less: Proposed Bond Issue (421,248) <br />Unused Debt Limit 2,530,244 <br />CIP Bonds Debt Service Limit <br /> <br />VI. PLAN CONTINUATION <br />This CIP will be reviewed annually by the City Council using the process outlined in <br />this document. Through annual amendment, the City Council reviews proposed <br />expenditures, makes priority decisions, and seeks funding for those expenditures it <br />deems necessary for the City. If deemed appropriate, the City Council should <br />prepare an update to this CIP for future CIP Bond issuance. <br />