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24 <br />25 <br />26 <br />Z� <br />28 <br />29 <br />30 <br />31 <br />$622,000 <br />Replacing Lost State-Aid <br />These concerns are addressed in greater detail below. <br />$300,000 <br />Addressing inflationary <br />impacts <br />2010 New Legal or Contractual Obligations <br />The following represents new legal or contractual obligations that will come on-line in 2010. <br />Descri�tion <br />Debt service for the Arena refrigeration project <br />Fire Relief pension obligation <br />Elections <br />Police and Fire dispatch <br />Janitorial, Legal, and Audit Contract <br />Police, Fire, Finance software maintenance <br />Amount <br />$ 100,000 <br />250,000 <br />50,000 <br />30,000 <br />13,000 <br />10,000 <br />$ 453,000 <br />For 2010, the City can expect $453,000 in new costs that it is legally or contractually obligated to pay. <br />Re-establishing Funding for Vehicle Re�lacements <br />With the adoption of the 2009 Sudget, the City Council voted to eliminate funding for all police, fire, <br />streets, and parks & recreation vehicles. This necessitated the City to extend the life of city vehicles <br />beyond their useful lives. While this can be done as a temporary measure, it is not a sustainable practice. <br />The 2010-2019 Capital Investment Plan has identified the need to set aside $900,000 annually just to <br />replace existing vehicles in our fleet. This assumes that we continue to provide the same services and same <br />levels of services as we do currently. This funding need is independent of what we' 11 need to address our <br />facility or park improvement needs. <br />Replacing Lost State-Aid <br />The City lost $200,000 and $422,000 in market value homestead credit aid in 2008 and 2009 respectively. <br />This resulted in the draw down of General Fund reserves, reduced staffing, and delayed replacement of <br />equipment. Under current levy limits, the City is allowed to levy back this lost state aid. However, under <br />levy limits we must levy back these amounts in 2010. If the City chooses not to do this, it will forfeit the <br />ability to do so in future years. <br />In other words, the City has a one-time opportunity to levy back $622,000 in 2010 independent of what our <br />levy limits might be. <br />Page 2 of 4 <br />