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<br />Memo <br /> <br />Date: January 26, 2005 <br />To: Mayor, City Council & Staff <br />Rom: John W. Meyer Finance Director <br /> <br />Indebtedness and Capital Project Planning <br /> <br />Indebtedness <br /> <br />Attached is the Outstanding Indebtedness Report ending December 31,2004. <br />The city issued two debt instruments in 2004 in the total amount of $2,980,000. <br />These issues provided funding for the 2004 Municipal Improvement Project and <br />public improvements in Hunters Crossing 2nd Addition - Phase 1. The city is <br />levying $102,000 per year for 15 years for the 2004 Municipal Improvement <br />Project. <br /> <br />Capital Project Planning <br /> <br />To assist in capital project planning in implementing activities included in the <br />c Capital Improvement Plan, I have prepared debt schedules for 2005 - 2008. <br />These schedules enumerate uses of the tax levy for the Joint Police Station, City <br />Hall Addition, CSAH 14 Improvements and the 2007 Street Improvement Project. <br /> <br />L.._ <br />