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Regular City Council Meeting Monday, September 24,2012 Page 15 Councilmember Johnson advised that he resided approximately 3/4 block from Lexington Park. Councilmember Willmus advised that Cottontail Park was at the rear of his res- idence. Mayor Roe advised that he lived approximately 2/10 of a mile from Reservoir Woods Park. Councilmember McGehee, residing in Southwest Roseville, advised that they had no City park, and she was a regular user of the parks in the Cities of Lauderdale and Falcon Heights, near Cleveland and Roselawn. Councilmember Pust advised that she resided approximately 2.5 blocks from Villa Park. Councilmember McGehee sought to provide her personal clarification of several public questions. Councilmember McGehee opined that it was her understand- ing that the proposed increase was actually 15.8% because the preliminary budget passed included an additional $185,000 moving from 4.8% to 15.8%; together with the HRA Levy increase, providing a total levy increase of 17.6%. Having had discussions with Finance Director Miller, Councilmember McGe- hee opined that she understood that this would carry forward into 2014 so there would be a piece of this going forward, $1,375,000, carrying forward as part of the $17 million bonding if passed tonight, representing a substantial increase next year. At the request of Mayor Roe, Finance Director Miller responded that the 2012 Levy had included no debt service amounts related to the first phase of the bond issue, nor this subsequent issue yet to be approved. Mr. Miller confirmed that, in 2013 between the two (2) bond issues, approximately $1.6 million in debt ser- vice would come onto the books representing approximately 11% of the 2012 levy. Mr. Miller confirmed that an estimated 2014 final portion of the bonding for $560,000 of debt service going forward represented 3.7% of the 2013 Levy if ultimately approved as indicated for the Preliminary Levy. Mr. Miller con- firmed that the total debt service would be $2.2 million per year over the term of fifteen (15) years; and at the end would paid off, if not paid off earlier, and the levy would then be reduced by that amount. Mayor Roe clarified that this was based on assumptions available today, and subject to any changes a future City Council may choose to make. At the request of Councilmember Pust, Mr. Miller clarified that the $830,000 debt service in 2013 was based on the bonds issued in 2011; and any additional would be the result of action taken tonight.