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Other Budget Impact Items <br /> Miscellaneous Items <br /> - Centerville Road <br /> o Anticipated $550,000 in City share costs <br /> ■ $200,000 General Fund Balance <br /> ■ $175,000 Water Fund <br /> ■ $175,000 Sewer Fund <br /> - City Owned Property <br /> o City Staff will seek appraisals for all saleable properties and then attain a real <br /> estate agent to go forward with marketing and sales <br /> Internal Debt <br /> - Commerce Drive — loan amount of $382,558 <br /> o Option: write off the remaining balance at 9/1/13 <br /> - Trail and Hidden Springs Park — loan amount of $1,108,312 <br /> o Option: write off the remaining balance at 9/1/13 <br /> - Downtown Storm Reclamation — loan amount of $88,650 <br /> o Option: pay this loan back in full with the scheduled 9/1/13 payment. <br /> External Debt <br /> - 2012 A Bond (Police Station) <br /> o $70,000 annual levy can be maintained or possibly lowered through 2020 <br /> - 2009 A Bond (Street Project) <br /> o $215,000 annual levy can be maintained through 2024 <br /> - 2009 B Bond (Street Project) <br /> o Needs cash inflow through either land proceeds or commencing a levy by <br /> 2015 or would need to be refinanced. <br /> - 2011 A Bond (Street Project) <br /> o $244,000 annual levy can be maintained through 2019 <br /> - 2013 A Bond (Street Project) <br /> o $9,000 annual levy initialized in 2015 and increases in 2020 to $155,000 <br /> Overall Levy to balance 2014 Budget <br /> 2013 2014 % Change <br /> Debt Levy $529,000 $536,700 1.4% <br /> General Fund Levy $1,739,600 $1,739,600 0.00% <br /> Total Levy $2,268,600 $2,276,300 .03% <br /> *The 2013 legislature enacted a one year levy limit for cities over 2,500 population. <br /> ESTIMATED SALES TAX PAID IN 2012 - $11,993, <br /> ESTIMATED SALES TAX FOR IN 2013 - $12,000, REPEALED FOR 2014 <br /> 25 <br />