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Metno #84-65 <br />TO: City Council <br />FROM: Tom Kuehn, Finance Director <br />DATE: November 2, 1984 <br />SUBJECT: Financing 1984 Improvements - Showing Three Tax/Assessment <br />Options <br />At the public hearing on September 24, 1984, Council requested certain <br />information regarding finan,cingthe Crystal Bay sewer project. Three <br />alternatives were requested regarding assessment and tax levies. <br />These were 50% assessments and 59% taxes, 75% assessments and 25% <br />taxes, and 100% assessments. Our financial consultants from Ehlers <br />and Associates have prepared these estimates, along with an estimate <br />for total bonds required, a projected debt redemption schedule, tax <br />levies required, estimated assessment per household, and the impact on <br />the property taxes based on various incomes vs home market values. I <br />have enclosed this information so you have ample time to review it and <br />to clatify any questions you may have. The enclosed information is <br />based on a total bonded requirement of $1,200,090. If this amount <br />increases or decreases it will affect the schedules. If you have any <br />questions please call me. <br />