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2/9/2011 <br /> levying in advance for this project on an annual basis. The second project would be five years <br /> later and would require a slightly higher advance levy of about $200,000 per year. This would <br /> have the advantage of softening the levy impact when projects are actually done and would avoid <br /> the contentious public hearings that often go with improvement projects along with the need for <br /> issuing debt. For a street by street timeline of mill and overlays please see the attached Exhibit <br /> D. A number of cities pay for the entire cost of mill and overlay as a maintenance item as is being <br /> suggested here. If everyone knows they will get their turn at mill and overlay without assessment <br /> the taxpaye�s may be supportive of the levy. <br /> 2012 Budget Impact: $136,500 or if delayed to start in 2013: $153,000 <br /> Prepared by City stafF with information supplied by Bonestroo and Associates and <br /> Northland Securities. Costs are approximate and will need to be updated as we get closer <br /> to the project dates. These estimates provide information for planning purposes. <br /> Dallas Larson, Administrator <br /> Febru�ry 8, 2011 <br /> I <br /> I <br /> I <br /> I <br />