FY25 Proposed Budget

2015 General Obligation Bond Issue Principal: $7,785,000 Dated: June 2, 2015 Callable: June 1, 2023

Principal Outstanding Beginning of Fiscal Year

Payments

Tax Increment Financing

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

2024 2025

850,000 880,000

34,600 17,600

884,600 897,600

810,741 822,656

73,859 74,944

1,730,000 2.00% 880,000 2.00%

Totals

1,730,000

52,200 1,782,200

1,633,397

148,803

Principal payable June 1. Interest payable June 1 and December 1.

Project

Amount

Riverfront Crossings Redevelopment

$ 200,000

City Hall-Other Projects

100,000 466,299 100,000 350,000 100,000 220,000 150,000 50,000 350,000 700,000 70,000 50,000 500,000 100,000 840,000

City Hall Remodel-NDS 2nd Floor

Fiber Optic Infill Program CBD Streetscape Project

Riverside Drive Pedestrian Tunnel Lower City Park Emergency Access Road

Mercer Park Playground Intra-City Bike Trails

Willow Creek/Kiwanis Park Master Plan & Splash Pad Elementary School Recreation Facility Partnership Tennis Court/Pickle Ball Court Resurfacing

Youth Sports Complex Feasibility Study Harrison Street Reconstruction

Sidewalk Infill Program

Burlington & Clinton Street Intersection Improvements First Ave/IAIS Railroad Crossing Improvements

3,050,000 276,158 112,543

Dubuque Street/I-80 Pedestrian Bridge

Issuance Costs

$ 7,785,000

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