2019 Capital Budget

PROPOSED FUNDING PLAN 2019 Capital Budget GENERAL FUNDING GOALS  Maintain our current annual debt levy of about $2.4 million  Maintaining a steady debt levy is a key component of our long-term financing goals.  The $2 million levy supported borrowing in our 2019 capital budget fits into our long-term goal. 2.3 2.35 2.4 2.45 2.5 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Millions Projected Debt Levy RECOMMENDED FUNDING SUMMARY (for the Proposed 2019 Capital Budget) New GO Debt Cash on Hand Impact Fees To t a l Public Works & StormUtility (10-year tax levy debt) $ 1,900,000 $ 890,000 $ - 0 - $ 2,790,000 Water Utility (20-year debt paid from user charges) 1,235,000 2,400,000 275,000 3,910,000 Park Projects 1,800,000 350,000 500,000 2,650,000 Sewer Utility (paid from user charges) - 0 - - 0 - 215,000 215,000 T otal proposed 2019capital budget $ 4,935,000 $ 3,640,000 $ 990,000 $9,565,000 Cash from the sale of unused property $1.7 million to be paid for with future Park Impact Fees Cash from the sale of the Distribution Center 2019 CAPITAL BUDGET AT A GLANCE 2/7/2019 VILLAGE PROJECTS Approved Crucial Declaration Project # DESCRIPTION Life COST EXPLANATION to Recommend of Intent by Must Do Operations VB on file In order to reduce potential hazards to pedestrians and to minimize the exposure of the Village to liability for personal injury, the Village 2019 Sidewalk Replacement Program 10+ $150,000 has initiated an on-going program for inspection of existing sidewalks and for repair or replacement of defective sidewalk sections. X This proposed project is part of the Village’s on-going program to replace defective curb and gutter and repair defective concrete pavements in the 2019 Curb & Gutter Replacement Program 20+ $200,000 Village. The Village initiated the curb a nd gutter replacement program several years ago in conjunction with the Sidewalk Replacement Program and X has continued this annual program focusing on the most defective and deteriorated curb and gutter sections each year on a rotating basis throughout the curb and gutter areas of the Village. The Village also as part of this program replaces of defective concrete pavement on roadways that are maintained by the Village. The Village maintains several miles of concrete pavement and sections of the pavement have deteriorated to a point that replacement is necessary. As part of the 2019 Asphalt Paving Program the Engineering Department typically uses two funding sources. 2019 Asphalt Paving Program 10+ $600,000 The first being a portion of the $700,00 0 that the Village Board has appropriated to the Department of X Public Works 2019 Operating Budget for replacement of deteriorated pavement and the 2nd being the $600,000 that is being asked for as part of this Capital Budget. This year as part of the 2019 Asphalt Paving project, the Village will be installing storm sewer that addresses areas of existing roadways that do not drain properly and are in need of storm sewer and to alleviate sump pump icing issues. This project would consist of the replacement of the Lilly Road Bridge. The existing structure is a narrow roadway with poor drainage on structure and had Lilly Road Bridge Replacement 20+ $30,000 significant section loss of deck as detai led in my previous presentations. This section of Lilly Road is an important link in the Village’s Emergency Response X DESIGN Services to service the north half of the Village. There is also a High School and Elementary School nearby and buses use this route to and from the schools. The current sufficiency rating is 16.9 based upon the 2016 bridge inspection. On 8/3/09 the asphalt overburden was removed to inspect the concrete deck and it was discovered that the deck has sustained significant section loss. On a 7-1/2” deck there are in some areas only 2-1/4” remaining with the entire top rebar being exposed. The bridge has received a Temporary Surface to allow for small vehicle traffic and rated at H8.2 (16,400 lb vehicle weight). There has been a load limit placed on this bridge until replacement. This consisted of a 6” Thick wood deck with a 3 inch asphalt overlay. This is a temporary solution until a permanent structure can be constructed. This Temporary Fix is beginning to fail. The wood deck is vibrating and beginning to affect the girders they are placed on. The asphalt surface is cracking at the wood deck joint. The Village has been crack filling these joints but they are getting worse. Replace existing structure with a new 38 ft clear Bridge structure including bicycle accommodations and sidewalks for pedestrians with its proximity to one of the Villages largest parks. Per the replace in kind policy the sidewalk will be 100 percent local unless this changes in the design process. The 100 year event currently is at the very top of the structure so in order to meet min standards for the 100 year event to clear the bottom of the proposed structure would need to be just above the 100 year level so the structure may need to go up a little but should not affect the approach lengths. Once the structure is design and the hydraulic model created it will determine the actual height of the bridge. This project consists of the reconstruction of Cheyenne Drive from the Cherokee Drive to Blackfoot Drive. The reconstruction will include relaying of the water Cheyenne Dr - Cherokee Drive to Blackfoot Drive 20+ $440,000 main with appurtenances in Cheyenne Driv e along with the adjusting of sanitary sewer manholes, removal and replacement of curb & gutter and driveway X WM Relay, Storm Sewer & Street Reconstruction approaches , upsizing of existing storm sewer, installation of additional storm sewer and removal and replacement of the asphalt pavement. CONSTRUCTION The existing 8” water main will be replaced due to the age, cast iron material of the water main and the water main breaks in this subdivision. This Area also has experienced storm water problems and the upsize in storm sewer was recommended as part of the Storm Sewer System Study completed by Ruekert/Mielke in 2001. The Storm Sewer will also eliminate the poor drainage, sump pump icing, standing water potential damage to the curb & gutter and asphalt pavement. 2019 CAPITAL BUDGET AT A GLANCE 2/7/2019 VILLAGE PROJECTS This project consists of the design of the reconstruction of Cheyenne Drive from the Blackfoot Drive to the Village Stand Pipe on the Old Falls Village property. Cheyenne Dr - Blackfoot Drive to Stand Pipe 20+ $280,000 The reconstruction will include relaying of the water main with appurtenances in Cheyenne Drive along with the adjusting of sanitary sewer manholes, removal X WM Relay, Storm Sewer & Street Reconstruction and replac ement of curb & gutter and driveway approaches, upsizing of existing storm sewer, installation of additional storm sewer and removal and DESIGN & WATER MAIN replacement of the asphalt pavement. The existing 8” water main will be replaced due to the age, cast iron material of the water main and the water main breaks in this subdivision. This Area also has experienced storm water problems and the upsize in storm sewer was recommended as part of the Storm Sewer System Study completed by Ruekert/Mielke in 2001. The Storm Sewer will also eliminate the poor drainage, sump pump icing, standing water potential damage to the curb & gutter and asphalt pavement. The survey, design and water main relay will be completed in 2019 with the remaining storm sewer and roadway reconstruction being part of future Capital Budgets. This project consists of the reconstruction of Sheridan Drive from Ann Avenue to Menomonee Avenue. The reconstruction will include a relay of the existing Sheridan Drive - Ann Ave to Menomonee Ave 20+ $255,000 water main with appurtenances, reconstru cting of the sanitary sewer manholes, removal and replacement of the curb & gutter and driveway approaches, X WM Relay, Storm Sewer & Street Reconstruction installati on of storm sewer and removal and replacement of the base course and asphalt pavement. This project will also include the continuation of the DESIGN & WATER MAIN storm sewer installed in Ann Avenue. The existing 6” water main will be replaced with an 8” water main due to its age and material as well as due to the proposed size of the storm sewer a good portion of the water main needs to be offset or moved. Also as part of this project the Storm Sewer will be sized appropriately to handle the upstream drainage that flows through this area. This is the bottom end of the storm sewer system that will allow the Village to ultimately extend storm sewer to Menomonee Avenue. The survey, design and water main relay will be completed in 2019 with the remaining storm sewer and roadway reconstruction being part of future Capital Budgets. This project consists of the reconstruction of Jacobson Drive & Hiawatha Drive from Appleton Avenue to Mary Court. The reconstruction will include a relay Jacobson Dr & Hiawatha Dr - Appleton to Mary Ct 20+ $790,000 of the existing water main with appurten ances, reconstructing of the sanitary sewer manholes, removal and replacement of the curb & gutter and driveway X WM Relay, Storm Sewer & Street Reconstruction approaches , installation of storm sewer and removal and replacement of the base course and asphalt pavement. Any defective sidewalk and CONSTRUCTION driveway approaches will be replaced. The existing 6” water main will be replaced with an 8” water main due to the age of the water main and material of the water main. The existing water main is sandcast with lead joints. The DNR requires that when possible the existing water main with lead joints and lead laterals be removed from service. This project consists of the design of the reconstruction of Jacobson Drive and Dardis Place from Hiawatha to Dardis. The reconstruction will include a relay Jacobson Dr & Dardis Pl - Hiawatha to Theodore 20+ $285,000 of the existing water main with appurten ances, reconstructing of the sanitary sewer manholes, removal and replacement of the curb & gutter and driveway X WM Relay, Storm Sewer & Street Reconstruction approaches , installation of storm sewer and removal and replacement of the base course and asphalt pavement. Any defective sidewalk and driveway DESIGN & WATER MAIN approaches will be replaced. The existing 6” water main will be replaced with an 8” water main due to the age of the water main and material of the water main. The existing water main is sandcast with lead joints. The DNR requires that when possible the existing water main with lead joints and lead laterals be removed from service. The survey, design and water main relay will be completed in 2019 with the remaining storm sewer and roadway reconstruction being part of a future Capital Budget. This project consists of the reconstruction of Ann Avenue from Sheridan Drive to Jacobson Drive. The reconstruction will include a relay of the existing water Ann Avenue - Sheridan to Jacobson 20+ $420,000 main with appurtenances, reconstructing of the sanitary sewer manholes, removal and replacement of the curb & gutter and driveway approaches, installation X WM Relay, Storm Sewer & Street Reconstruction of storm s ewer and removal and replacement of the base course and asphalt pavement. This project will also include the construction of the storm sewer into CONSTRUCTION the Village Park from Ann Avenue as well as the stabilization of the navigable waterway that runs through Village Park to the Box Culvert under the parking lot of Krueger’s. The existing 6” water main will be replaced with an 8” water main due to its age and material as well as due to the proposed size of the storm sewer a good portion of the water main needs to be offset or moved. Also as part of this project the Storm Sewer will be sized appropriately to handle the upstream drainage that flows through this area. This is the bottom end of the storm sewer system that will allow the Village to ultimately extend storm sewer to Menomonee Avenue. 2019 CAPITAL BUDGET AT A GLANCE 2/7/2019 VILLAGE PROJECTS Manhattan Drive - Menomonee Ave to Franklin Dr 20+ $1,040,000 This project consists of a relay of th e water main with appurtenances in Manhattan Drive from Menomonee Ave to Franklin Drive. The existing 6” water Water Main Relay main will be replaced due to the age of the water main, material of the water main and the number of breaks. X DESIGN & CONSTRUCTION Roger Avenue - Grand Ave to Shady Ln 20+ $500,000 This project consists of a relay of the water main with appurtenances in Roger Avenue from Grand Ave to Shady Lane. The existing 6” water main will be Water Main Relay replaced due to the age of the water main, material of the water main and the number of breaks. X DESIGN & CONSTRUCTION Lisbon Road Water Main Extension 20+ $235,000 This project consists of extending appro ximately 670 lineal feet of 12 inch water main along Lisbon Road from East of Pilgrim Road along the East of Pilgrim along Willowood Preserve Willowood Preserve. This project would finish the water main loop along Lisbon Road of the Village’s water system providing much needed X CONSTRUCTION redundancy to the water system. This project consists of a relay of the water main with appurtenances in St. Regiss Drive from St Franics Drive to the west limit of St. Regis Drive. St. Regis Drive - St Francis to West Limit 20+ $350,000 X Water Main Relay The existing 8” water main will be replaced due to the age of the water main, material of the water main and number of breaks in the Shepherd Hills DESIGN & CONSTRUCTION Addn No. 2 subdivision. This project consists of relaying the existing 8 inch water main in Fox Ridge Court and Stonefield Drive from Wells #8 & #9 to Maple Crest Lane with a StoneField Drive - Wells #8 & #9 to Maple Crest Ln 20+ $370,000 12 inch water main. In 2014 the Village hired Ruekert & Mielke to analyze the Village’s water system in the southwest area of the Village. The study came X Water Main Relay back with some recommendations on improvements that should be made to the system. This project is one of the recommendations that should be done DESIGN & CONSTRUCTION because due to the smaller diameter water main going to Wells #8 & #9, the velocity and headloss in the water main exceed industry standards when the pump station is in operation. This project consists of the first phase of the redevelopment of Village Park into a Specialty Park. In the Fall of 2018 the buildings along Mill Street were Village Park - Specialty Park Phase I 20+ $2,200,000 demolished in preparation for this red evelopment of Village Park. Phase I will consist of the removal of the softball diamond and lights, removal of the sand X CONSTRUCTION volleyball court & skate park amenities, the reconstruction of Mill Street and the existing parking lot, creation of the plaza area with bathroom facilities at Mill Street and Garfield Drive, grading of the east end of the park, construction of an amphitheater and construction of paths & lighting. This project consists of the following capital improvements to various Community Parks in the Village of Menomonee Falls: Various Park Improvement Projects 10+ $450,000 X DESIGN & CONSTRUCTION Willowood Park – Resurface the tennis courts includi ng new paint, new lines, new fencing and new tennis nets and posts. Oakwood Park – Reset frost heaved posts and fencing around tennis courts and basketball court, paint additional pickleball courts on the existing tennis courts, reset the frost heaved basketball hoop posts and tennis court net posts, repair the ball diamond fencing and reset fencing posts that have frost heaved, replace both ball diamond scoreboards, regrade/fill low spots in the ball diamond outfield, install a concrete slab in front of the dumpster enclosure and paint all four picnic pavilions in the park. Rotary Park – Renovation of the Fond du Lac Avenue restroom facility including reconfiguration to ADA standards, new flooring, new fixtures, new furnishings and new lighting. On March 6, 2017, the Village Board adopted Resolution No. 1148-R-17 authorizing the Village Manager to implement a program to dispose of certain Village Owned Properties. As stated in this Resolution, “the Board of Trustees finds that the disposal of parcels identified on Exhibit A could further the public interest and the following goals: generating additional funds for other possible capital projects of the Village; returning the properties to the property tax rolls; reducing the Village’s property maintenance responsibilities; and furthering economic development and redevelopment in the Village;”. In accordance with Resolution No. 1148-R-17, our intent is to utilize the proceeds from the disposal of these Village Owned Properties to fund a portion of the various capital park projects as described above. This project consists of the acquisition of the necessary sanitary, water and construction easements in order to construct the sanitary sewer and water main Crossroads Shopping Center 20+ $490,000 conversion of the Cross Roads Shopping Ce nter and adjacent businesses. The Crossroads Shopping Center is located on the south side of County Line X Sanitary Sewer & Water main Conversion Road between Appleton Avenue and Bancroft Drive. Currently the sanitary Sewer and water for the Crossroads Shopping Center and the adjacent ACQUISITION businesses on County Line Road and Bancroft Drive is provided by the Village of Germantown. New sanitary sewer and water main will be installed in order for these Village Businesses to be moved from the Germantown systems to the Menomonee Falls Systems. Bruceton Manor Subdivision 20+ $480,000 This project consists of the replacement of undersized and deteriorating corrugated Metal Pipes along Bette Drive in the Bruceton Manor Subdivision. The Bette Drive Culvert Replacement existing CMP Pipes are undersized, the bottoms have rusted out and the configuration is on proper for efficient flow of way along Better Drive. This project X DESIGN & CONSTRUCTION would install properly sized 4’ X 10’ box culverts with headwalls and railings. 2019 CAPITAL BUDGET AT A GLANCE 2/7/2019 VILLAGE PROJECTS Total 2019 Capital Budget $9,565,000 Village of Menomonee Falls 2019 Capital Budget Funding Summary NEW GO DEBT CASH ON HAND Capital Park Impact Water Current GO Dist Center Village Land Park Water Water Sewer CASH GRAND Project # Description Projects Fees Utility TOTAL Sale Proc Sale Proc Impact Fees Utility Impact Fees Impact Fees TOTAL TOTAL Comments Public Works Projects 41213 2019 Sidewalk Program 150,000 150,000 150,000 41214 2019 Curb & Gutter Program 200,000 200,000 200,000 41215 2019 Roads Program 600,000 600,000 600,000 Slag seal & crack filling in Operating Budget Transportation Projects 41216 Lilly Rd Bridge (Replacement) Design 30,000 30,000 30,000 41212 Cheyenne Dr (Cherokee Dr to Blackfoot Dr) Street, Water, Sewer, Storm Construction 440,000 440,000 440,000 41217 Cheyenne Dr (Blackfoot Dr to Vil. Standpipe) Design & Watermain Construction 280,000 280,000 280,000 41218 Sheridan Dr (Ann Ave to Meno Ave) Design & Watermain Construction 255,000 255,000 255,000 Water Utility cash from change to 20-yr debt 41211 Jacobson/Hiawatha (Appleton to Mary Ct) Construction 790,000 790,000 790,000 Cash from sale of Distribution Center 41219 Jacobson/Dardis Ave (Theodore to Dardis Pl) Design & Watermain Construction 285,000 285,000 285,000 Water Utility cash from change to 20-yr debt 41197 Ann Ave (Village Park to Sheridan Dr) Street, Water, Sewer, Storm Construction 100,000 320,000 420,000 420,000 Water Utility cash from change to 20-yr debt Parks Projects 64072 Village Park (Specialty Park - Phase I) Construction 1,700,000 1,700,000 500,000 500,000 2,200,000 GO debt to be paid from future Park Impact Fees 64073 Park Improv (Willowood, Oakwood, Rotary) Construction 100,000 100,000 350,000 350,000 450,000 Cash from sale of unused properties Water Utility Projects 72063 Manhattan Dr (Meno Ave to Franklin Dr) Design & Construction 1,040,000 1,040,000 1,040,000 Water Utility cash from change to 20-yr debt 72064 Roger Ave (Grand Ave to Shady Ln) Design & Construction 500,000 500,000 500,000 Water Utility cash from change to 20-yr debt 72065 Lisbon Rd (Ext along Willowood Preserve) Construction 235,000 235,000 235,000 72066 St Regis Dr (St Francis to West Limit) Design & Construction 350,000 350,000 350,000 72067 Stonefield Dr (Wells #8,#9 to Maple Crest Ln) Design & Construction 370,000 370,000 370,000 Sewer Utility Projects 73042 Crossroads Shop Ctr (Sewer/Water Convrsn) Acquisition 275,000 215,000 490,000 490,000 Storm Utility Projects 74015 Bruceton Manor (Culvert Replacement) at Bette Drive 480,000 480,000 480,000 2,000,000 1,700,000 1,235,000 4,935,000 890,000 350,000 500,000 2,400,000 275,000 215,000 4,630,000 9,565,000 2/20/2019 10:47 AM Page 1 of 1 VILLAGE OF MENOMONEE FALLS PROPOSED FIVE YEAR CAPITAL PLAN 2019-2023 2/12/2019 Proposed Proposed Proposed Proposed Proposed 5 Year Description 2019 2020 2021 2022 2023 Total VILLAGE PROJECTS Ann Ave - Village Park - Sheridan Dr - Water main, Stm Swr & Street Reconst 420,000 $420,000 Appleton, Pilgrim & Menomonee Intersection Reconstruction - Intersection Mod., Traffic Signal Replacement, Overhead Light Removal & Electrical Upgrade $521,000 $521,000 Asphalt Paving Program $600,000 $600,000 $600,000 $600,000 $600,000 $3,000,000 Blackfoot Dr. - Cheyenne Dr to Cherokee Dr - Water, Storm & Street Reconst $280,000 $430,000 $710,000 Bruceton Manor Subdivision - Bette Drive Culvert Replacement $480,000 $480,000 Cheyenne Dr - Blackfoot Dr to Village Standpipe - Water, Storm & Street Reconst $280,000 $320,000 $600,000 Cheyenne Dr - Cherokee Dr to Blackfoot Dr - Water, Storm & Street Reconst $440,000 $440,000 Chippewa Dr. - Cheyenne Dr to Cherokee Dr - Water, Storm & Street Reconst $270,000 $480,000 $750,000 Crossroad Shopping Center - Sanitary Sewer & Water main Conversion $490,000 $1,420,000 $1,910,000 Curb & Gutter Replacement Program $200,000 $200,000 $200,000 $200,000 $200,000 $1,000,000 Forest Dr - Grand to Shady Ln - Water main Relay $495,000 $495,000 Graysland Storm Sewer Replacement $275,000 $275,000 Hayes Ave - Main St to Roosevelt - Water main Rela y $440,000 $440,000 Hiawatha Dr - Mary Ct to Men Ave & Mary Ct - Water main, Storm & Street Reconst $300,000 $527,000 $827,000 Highland Court - Shady Ln to East - Water main Relay $220,000 $220,000 Jacobson Dr - Appleton to Hiawatha & Hiawatha Dr Jacobson to Mary Ct & Dardis Pl- Water, Storm & Street Reconst $790,000 $790,000 Jacobson Dr - Hiawatha to Theodore & Dardis Ave - Jacobson to Dardis Pl - Water, Storm & Street Reconst $285,000 $530,000 $815,000 Jacobson Dr - Theodore Dr to Ann Ave - Water, Storm & Street Reconst $196,000 $300,000 $496,000 Kenwood Blvd. - Patton Dr to Park Blvd - Water main, Storm & Road Reconst $620,000 $620,000 Laurel Lane - Grand Ave to West - Water main Relay $230,000 $230,000 Lilly Road Bridge Reconstruction $30,000 $50,000 $265,000 $345,000 Lisbon Road Water Main Extension - East of Pilgrim along Willowood Preserve $235,000 $235,000 Madison Drive - Main St to Roosevelt - Water main Relay $302,000 $302,000 Main Street - Fond du lac Ave to Rozanne Dr - 8" to 12" Wm Relay $250,000 $250,000 Main Street - Parking Improvements - Phase III $360,000 $360,000 Manhattan Dr. - Men Ave to Franklin Drive - Water m ain Relay $1,040,000 $1,040,000 Menomonee Ave -Library Ln to Norman Dr - Water main Relay $450,000 $450,000 Norman Drive - Menomonee to Manhattan - Water main Relay $450,000 $450,000 Ridgeview Drive - Cherokee to Pilgrim Rd - Water m ain, Storm & Road Reconst $290,000 $400,000 $690,000 Rivers Edge Park Path Extension - Lilly Rd to Rivers Edge Park $140,000 $140,000 Roger Ave - Grand to Shady Ln - Water main Relay $500,000 $500,000 Roosevelt Dr. - St. Francis Dr to North Limit - Wa ter main Relay $270,000 $270,000 Sheridan Dr - Ann Ave to Men Ave - Water main, Sto rm & Road Reconst $255,000 $820,000 $1,075,000 Sheridan Dr - Hillcrest to Ann Ave & Village Park - Water main, Storm & Road Reconst $525,000 $525,000 Sidewalk Replacement Program $150,000 $150,000 $150,000 $150,000 $150,000 $750,000 St. Francis Dr. - Roosevelt Dr to W. St Regis - Wa ter main & Storm Sewer Relay $475,000 $475,000 St. Regis Dr. - St. Francis Dr to West Limit - Wat er main Relay $350,000 $350,000 St. Stevens Dr. & Ct. - St. Francis Dr to West - Wa ter main Relay $200,000 $200,000 St. Thomas Dr - Roosevelt to Shady Lane - Water mai n Relay $150,000 $150,000 Stonefield Dr - Wells #8 & #9 to Maple Crest Lane - Water main Relay $370,000 $370,000 Theodore Dr - Jacobson Dr to Ann Ave - Water main, Storm & Road Reconst $225,000 $280,000 $505,000 Townline Road Water Tower $1,450,000 $1,450,000 Various Park Improvement Projects $450,000 $450,000 Village Park - Specialty Park Reconstruction $2,200,000 $1,100,000 $1,310,000 $4,610,000 GRAND TOTAL PROJECT COSTS $9,565,000 $7,919,000 $5,825,000 $3,807,000 $3,865,000 $30,981,000 VILLAGE OF MENOMONEE FALLS LEVY DEBT PROJECTION Amount Rate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Current levy debt (P&I) 2,401,198     2,114,772    1,861,659    2,594,184    2,357,415    2,049,965  894,940     666,595     442,850     233,450     2019 CIP Principal 2,000,000   2.3% 230,000        235,000       80,000         80,000        80,000       245,000     250,000     260,000     255,000     285,000     2019 CIP Interest 66,355          38,008         34,385         32,545        30,705       26,968       21,275       15,410       9,488         3,278          2020 CIP Principal 2,000,000   2.8% 200,000        200,000       200,000      200,000     200,000     200,000     200,000     200,000     200,000     200,000       2020 CIP Interest 81,200          47,600         42,000        36,400       30,800       25,200       19,600       14,000       8,400          2,800           2021 CIP Principal 2,000,000   3.0% 200,000        200,000      200,000     200,000     200,000     200,000     200,000     200,000     200,000       200,000       2021 CIP Interest 87,000          51,000        45,000       39,000       33,000       27,000       21,000       15,000        9,000           3,000          2022 CIP Principal 2,000,000   3.0% 200,000       200,000     200,000     200,000     200,000     200,000     200,000     200,000       200,000       200,000     2022 CIP Interest 87,000        51,000       45,000       39,000       33,000       27,000       21,000        15,000         9,000          3,000         2023 CIP Principal 2,000,000   3.0% 200,000      200,000     200,000     200,000     200,000     200,000     200,000       200,000       200,000     200,000     2023 CIP Interest 87,000       51,000       45,000       39,000       33,000       27,000        21,000         15,000         9,000         3,000         2024 CIP Principal 2,000,000   3.0% 200,000     200,000     200,000     200,000     200,000     200,000       200,000       200,000     200,000     200,000     2024 CIP Interest 87,000       51,000       45,000       39,000       33,000        27,000         21,000         15,000       9,000         3,000         2025 CIP Principal 2,000,000   3.0% 200,000     200,000     200,000     200,000     200,000       200,000       200,000     200,000     200,000     2025 CIP Interest 87,000       51,000       45,000       39,000        33,000         27,000         21,000       15,000       9,000         2026 CIP Principal 2,000,000   3.0% 200,000     200,000     200,000     200,000       200,000       200,000     200,000     200,000     2026 CIP Interest 87,000       51,000       45,000        39,000         33,000         27,000       21,000       15,000       2027 CIP Principal 2,000,000   3.0% 200,000     200,000     200,000       200,000       200,000     200,000     200,000     2027 CIP Interest 87,000       51,000        45,000         39,000         33,000       27,000       21,000       2028 CIP Principal 2,000,000   3.0% 200,000     200,000       200,000       200,000     200,000     200,000     2028 CIP Interest 87,000        51,000         45,000         39,000       33,000       27,000       2029 CIP Principal 2,000,000   3.0% 200,000       200,000       200,000     200,000     200,000     2029 CIP Interest 87,000         51,000         45,000       39,000       33,000       2030 CIP Principal 2,000,000   3.0% 200,000       200,000     200,000     200,000     2030 CIP Interest 87,000         51,000       45,000       39,000       2031 CIP Principal 2,000,000   3.0% 200,000     200,000     200,000     2031 CIP Interest 87,000       51,000       45,000       2032 CIP Principal 2,000,000   3.0% 200,000     200,000     2032 CIP Interest 87,000       51,000       2033 CIP Principal 2,000,000   3.0% 200,000     2033 CIP Interest 87,000       2034 CIP Principal 2,000,000   3.0% 2034 CIP Interest Interest earnings (20,000)         (15,000)        (15,000)        (15,000)        (15,000)       (15,000)      (15,000)      (15,000)      (15,000)      (15,000)      (15,000)       (15,000)        (15,000)        (15,000)      (15,000)      (15,000)      Municipal Facilities Cash (830,000)        (830,000)        (765,000)        = $2,425,000 (Total Cash Needed) Projected Tax Levy 2,381,198    2,396,127    2,400,867    2,398,169    2,404,960    2,400,070  2,404,708  2,403,070  2,404,860  2,399,938  2,399,678  2,314,800    2,315,000    2,315,000  2,315,000  2,315,000  2/15/2019 2:40 PM     Page 1 of 1