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Home My WebLink About2003-01-13 Correspondence 10. HOUSING AUTHORITY The Housing Authority Fund accounts for revenue from the U.S. Department of Housing and Urban Development programs to assist individuals and families in obtaining affordable housing. F. DEBTSERVICEFUND This fund provides for payment of the principal and interest due on general obligation debt of the City. Funding is provided by the Debt Service Property Tax levy and transfers from various Enterprise Funds for their capital improvements which were funded by General Obligation Bonds. Debt Service issuance in FY2004 includes $7.2 million in general purpose bonds and $7.17 million in TIF financing for 64-1a FY2005 and 2006 issues are estimated at $8.1 and $3.8 million, respectively. As stated in the City's Fiscal Policy, "Debt incurred as a general obligation of the City of Iowa City shall not exceed statutory limits: presently 5% of the total assessed value of property within the corporate limits as established by the City Assessor." The following schedule and graph show current and estimated future debt margins for the City. Total property valuation amounts are actual for FY97 -FY2003, but are estimates for FY2004 through FY2006 Allowable Debt Margin Outstanding Debt as % of Fiscal Total Property (5% of Total Property Debt Allowable Year Valuation Val.) at July 1 Debt Marklin FY97 2,146,528,095 107,326,405 29,430,000 27% FY98 2,185,166,884 109,258,344 31,390,000 29% FY99 2,371,395,259 118,569,763 41,675,000 35% FYO0 2,416,782,699 120,839,135 46,165,000 38% FY01 2,591,030,038 129,551,502 41,190,000 32% FYOZ 2,692,448,464 134,622,423 61,565,000 46% FYO3 2,909,644,383 145,482,219 85,260,000 59% "FY04 2,964,367,626 148,218,381 88,800,000 60% *FY05 3,053,298,655 152,664,933 95,658,000 63% *FY06 3,106,731,381 155,336,569 92,396,000 59% * Estimate CHART #1 ' BUDGET POLICY 04-05-06 General Fund Cash Reserves Improved General Fund Contingency Less than 1% State Financial Aid Declining Rollback Declining Federal support (CDBG) Declining 25% debt service levy (although overall debt stable) Exceeded Maintain credit rating Schools overlapping debt Capital Improvement Plan Fewer projects Economic development/tax base growth Increases in operational expenses Health insurance Police/Fire pension Property insurance Airport operations Target self-sufficiency Rearrange finances Mgr~budgpolicychrt doc The FY2003 or.fid esMngoncy budget was $300~000. ~ in the past has been set at · o{~roximstMy 1% M MMJ oxpondJtures. FY2004, FY2005 and FY2006 oro 8~ $250,000, $300,000, and $300,0~0 rNI3~Ctlvely, which numbers range between 0.6% and .7% of tota~ Gofleral Fund oxpend#uml. D. GENERAL FUND ~.~,~ND CA,~H BALANCE The City's flnanc~ policy states that operating cash belances ~ be maintained at a level to ensure sufficient cash flow throughout the fiscal year, and th~ Ge~ral Fund cash balances will not go below 15%. The foitowing talde depicts the General Fund Oberaflng cash position for fiscal years FYi2 FY03 FY04 FY0~ FY06 ~ Amended Proposed E~tlmated~ Estimated Begi~ningl~ $ 9,055.167 $10,471,266 $ 11,401,016 $ 10,873,295 $ 10,271,881 ReeMI~ 36,550,805 40,289,887 40,436,410 41,633,055 42,100,271 Expemlllum~ -35,134,706 -39,360,137 -40,964,131 -42,234,469 -43,967,107 F.~llalam:e ~10~4711288 Sltl4011015 $101,873r295 $10~271~661 $ 8~,405~,040 Balanoe es a % of ~ltures: 29.80% 28.97% 26.54% 24.32% 19.12~ The Ol~ratlng Cash Fund Balance is used to provide for cash flow in the first quarter of the next fiscal · year because the majority of property taxes are not received until October/November and cash balances are drawn down. The foitowing chart shows c~sh flow needs or how expenditures have ex(~Mded receipts in the first three months for the past six years. 3 Montim ~ Reoeipta Expenditurea 8hogtfall In FY03 4,806,797 9,410,440 (4,603,643) FY02 4,387,107 8,818,510 (4,431,403) FY01 4,449,250 9,233,286 (4,784,036) FY00 4,321,697 8,730,848 (4,409,151) FY99 3,~03,840 8,305,814 (4,40t,974) - 20 - PROPOSED BUDGET FOR FY04 - FY06 FY04 FY02 FY03 CITY M~R FY05 FY06 ACTUAL ESTIMATE PROPOSED PROJECTION PROJECTION Beginning esl&nos 9,055,167 10,471,266 11,401,010 10,873,295 10,271,881 P]fo~rty Taxes 15,502,985 15,398,362 1S,670,132 16,132,699 16,399,552 Transit Levy 1,815,606 1,805,169 1,157,070 1,891,326 ' 1,922,624 Library Levy 516,016 513,048 522,115 537,535 546,430 Tort Levy 393,945 410,286 470,754 534,210 598,159 ~onies & Credits Tax 30,605 29,000 29,000 29,000 29,000 Military Credits 11,639 10,450 11,639 11,639 11,639 Personal Property Replacement 306,716 290,928 290,921 290,928 290,928 Licenses & Permits 109,358 90,395 100,705 100,705 100,705 Building Permits & Inspections 731,575 626,231 803,470 826,790 850,770 Housing Per,its & Inspections 155,498 224,830 ' 235,830 247,600 255,600 Cemetery Fees & Charges 107,217 35,000 65,000 65,000 65,000 Hagtstratas Court Fin~s & Fees 290,709 254,500 289,800 · 289,500 289,500 Perking Fines 508,776 475,000 500,000 500,000 500,000 Charges For Services 6,704 4,075 5,275 5,275 4,800 Recreation Fees 721,684 856,208 895,653 897,640 894,536 Senior Center Fees 5,905 6,000 57,000 58,700 60,400 Police Services 138,566 64,750 73,018 84,075 75,161 University Fire Contract 1,003,607 1,101,480 1,162,835 1,225,199 1,272,185 Az~imal Control Services 119,080 102,762 133,470 135,666 121,925 Bldg& Develol~ment Fees 49,576 34,500 34,$00 34,500 34,500 Sdwlk/Str Rep/maint 0 0 25,000 25,000 25,000 Library Services 294,939 288,947 276,309 286,148 291,625 Peas - Contracted Services 280,203 287,783 298,637 307,245 320,715 Admin F~pense Chargebaok 1,2420485 1,342,180 1,344,247 1,383,245 1,409,710 County - Senior Canter Support 141,410 100,000 75,000 75,000 75,000 Bu~ Fares 0 606,850 647,300 647,300 647,300 Univ. Heights Transit 28E 0 29,700 28,096 28,658 29,231 ~lle /Elec. Uae Tex 390,315 417,078 400,000 400,000 400,000 State Population Allocation 595,138 596,125 596,125 596,125 596,125 Ba~k Franchise Tax 117,073 97,000 95,000 ~5,000 95,000 Other State Grants 107,274 110,500 101,500 '56,500 56,500 Hotel/Motel Tax 548,392 515,000 550,000 550,000 550,000 Library Open Access 37,397 34,615 34,000 34,000 34,000 Federal Transit Assist. 0 348,793 355,000 350,000 350,000 Federal Crime Grant 48,682 0 $ 0 0 0 State TrJu/sit Assist. 0 270,128 270,128 270,128 270,128 Interest Income 593,197 375,000 375,000 350,000 325,000 Miscellaneous Revenue 131,627 81,230 75,420 78,420 77,620 Sale of Land 256,851 400,000 300,000 300,000 0 Loan Re~mente 100,369 100,000 100,000 100,000 0 City Attorney Chargeback 77,656 73,125 73,125 73,125 73,000 PaBB Through ~rants/UI/RR 56,707 0 0 0 0 Transfer frc~ Road Use Tax 3,099,641 3,053,966 3,055,057 3,104,171 3,195,544 Troubler: employee Benefits 4,795,359 5,813,560 6,871,937 7,234,597 7,563,771 Transfer:~mer~ency Levy 527,389 525,202 534,400 850,006 559,088 Transfer grom Parking Fund 370,765 200,000 227,200 290,500 350,000 Transfer from BroadBand Fund 0 32,S00 32,500 32,500 32,500 Transfer From Reserves 200,000 203,968 201,535 200,000 200,000 Milcellaneous Tra/asfer 12,169 583,215 0 0 0 G.O. Bonds for Capital Outlay 0 1,470,448 500,000 317,400 250,000 -Total Beceip~e 36,550,805 ~ 40,436,410 41,633,055 42,100,271 Personal Services 23,204,326 27~232,796 28,920,155 30,465,094 31,798,331 Commodities 1,058,233 1,914,462 1,737,232 1,771,993 1,807,406 Services And Charges 5,949,404 7,674,724 7,940,398 7,884,612 8,232,834 Capital Outlay 1,42~,319 1,555,842 1,274,200 979,730 990,475 Transfers 3,493,424 881,065 834,146 833,040 838,061 Contingency 0 101,248 250,000 300,000 300,000 TOtal ]lx[~e~ditnrel 35,134,706 39,360,137 40,964,131 42,234,469 43,967,107 ending Balanoe 10,471,266~11'401'016 ~10'573'295 ~10'271'881 8,405,045 1/6/03 FY2004 - FY2006 PROPOSED BUDGET I FINANCIAL PLAN Commercial, Lesa: Exemptions Taxable Industrial & Military & Asseased Description Realdenttal Utilities TIF Values Valuation Flscsl Yekr 2004 - Est. 100% Assessment $1,987,056,593 $974,205,125 $2,962,139,972 State rollback 0.513874 (952,762,752) Less: Exemptions (16,916,852) (16,916,852) Less Gas & Electric (45,505,049) (45,505,049) Taxable Assessed Value $1,021,096,721 $974,205,125 $ (62,421,901) $1,946,955,309 **Commercial, Industrial and Ulilites are at 100% for this year, Fiscal Year 2003 100% Assessment $1,932,822,466 $973,620,563 $2,907,341,314 State rollback 0.516676 (948,224,699) Less: Exemptions (8,838,015) (8,838,015) Less Gas & Electric (45,012,616) (45,012,616) Taxable Assessed Value $998,643,120 $954,507,526 (53,85{~,631) $1,905,265,984 **State rolled back Commercial and Railroads to .977701. Other Utilities and Industrial are at 100%. Fiscal Year 2002 100% Assessment $1,719,115,220 $971,071,124 $2,690,186,344 State rollback 0.562651 None ' (740,082,968) Less Exemptions (15,578,116) (15,578,116) Less Gas & Electric (45,363,928) (45,363,928) Taxable Assessed Value $967,261,848 $971,071,124 (60,942,044) $1,889,161,332 Fiscal Year 20~1 100% Assessment $1,668,069,820 $ 920,524,896 $ 2,588,594,716 State rollback 0.548525 (751,119,461) Less Exemptions -, (15,470,415) (15,470,415) Less Gas & Electric (45,404,500) (45,404,500) Taxable Assessed Vatue $914,978,054 $ 910,892,836 (60,874,915) $1,776,600,340 *State rolled back Railroads and Commercial to .987732; other Utilities and Industrial are at 100%. Fiscal Year 2000 100% Assessment $1,542,400,050 $872,308,484 $2,414,708,534 State rollback 0.564789 None (671,269,394) Less Exemptions (17,329,998) (17,329,998) Taxable Assessed Value $871,130,856 $872,308,484 (17,329,998) $1,726,109,142 Fiscal Year t999 100% Assessment $1,500,669,280 $888,475,576 $2,369,144,856 State rollback 0.54909 (695,304,253) Loss: Exemptions (22,047,567) (22,047,567) Taxable Assessed Value $824,002,432 $849,838,171 (22,047,567) $1,651,793,036 *State roiled back Railroads and Commercial to .973606; Agland to .964206; Other Utilities and Industrial are at 100%. Fiscal Year '1998 100% Assessment $1,381,920,090 $801,176,898 $2,183,096,988 State Rollback 0.588284 None (568,958,498) Less: Exemptions (20,534,079) (20,534,079) Taxable Assessed Value $812,961,592 $801,176,898 (20,534,079) $1,593,604,411 Fiscal Year t994 100% Assessment $1,343,692,710 $800,633,095 $2,144,325,805 State rollback 0.59318 (563,841~269) Less: Exemptions (20,304,794) (20,304,794) Taxable Assessed Value $797,051,680 $783,432,850 (20,304,794) $1,560,179,742 *State rolled back Railroads and Commercial to .97282,~ other Utilities and Industrial are at 100% Val.xls Page I of 2 Chart #5 Estimated Property Tax Levy on $100,000 Raaldentlal Valuation (Iow. pg ruon)- City Levy: $16.813 City Levy: $17.618 State Rollback: 51.6676% State Rollback: 51.3874% Qe~teral Fund Tax Levies: General $15,391,444 8.100 $15,663,441 8.100 Transit 1,805,169 0.950 1,837,070 0.950 Tort Liabilit 410,286 0.216 470,754 0.243 Librar 513,048 0.270 522~115 0.270 Subtotal: 18,119~947 9.536 18~493~380 9.563 Special Revenue Levies: Emergency 513,048 0.270 522,115 0.270 Employee Benefits 57409,446 2.847 6,168,031 3.190 Subtotal: 5r922,494 3.1t7 6~690~146 3.460 Debt Service 7,927,259 4.161 8,945,851 4.595 Total City Levy Property 31,969,700 16.813 34,129,377 17.618 Taxes: % Change from 14.53% 13.22% 6.76% 4.78% prior year: Agland Lev 6,9t8 3.004 6,691 3.004 Total Property Taxes 31,976,6t8 .... 34,136,068 --- CHART BUDGET SUMMARY 04 Pa,qe Collective bargaln~g process underway 41 Public power study - $50,000 47 Contingency account - less than 1% of Gen. Fund 48 Aid to Agencies - same as 03 49 Community Events - same as 03 53 Did not fill Economic Development position 59 Plan to computerize our Cemetery records - $19,000 60 SEATS contract up $100,000 over 03 68 Deer kill contract, every, other year $100,000 70 Housing inspector, funded by CDBG - $50,000 76 Add two positions to Library - $100,000 78 Proposed Senior Center Fees - $57,000 Reduced County funding - $75,000 83 Add Treatment plant Operat,or - $50,000 88 Add Utilities Technician - $50,000 96 Airport - target self sufficiency - refinance hangars 101 Debt Service - reduced debt. levels 113 Central Services - reduced cost for telephone services ($100,000) 116 Comprehensive review of all property, worker's comp and general liability insurance 119 Healthy reserve position should allow for further reduction in debt - Road Use Tax 121 Health insurance increase +15% Increase in Police/Fire pension as required by State - $400,000 Mi~budgsu mma~/cht.doc Debt Planning/Capital Projects · Reduced C.I.P. · Represents $31.7 in G.O. borrowing and $7.1 in T.I.F. debt · Average debt $6.3 per year · Other factors Expand use of Road Use Tax Debt pay-off 4.5 to 5.5 per year Developer contribution · Future capacity Mgr~budget\debt planning.doc 10. HOUSING AUTHORITY The Housing Authority Fund accounts for revenue from the U.S, Department of Housing and Urban Development programs to assist individuals and families in obtaining affordable housing. F. DEBT SERVICE FUND This fund provides for payment of the principal and interest due on general obligation debt of the City. Funding is provided by the Debt Service Property Tax levy and transfers from various Enterprise Funds for their capital improvements which were funded by General Obligation Bonds. Debt Service issuance in FY2004 includes $7.2 million in general purpose bonds-and $7.17 million in TIF financing for 64-1a, FY2005 and 2006 issues are estimated at $8.1 and $3.8 million, respectively. As stated in the City's Fiscal Policy, "Debt incurred as a general obligation of the Cib/of Iowa City shall not exceed statutory limits: presently 5% of the total assessed value of property within the corporate limits as established by the City Assessor." The following schedule and graph show current and estimated future debt margins for the City. Total property valuation amounts are actual for FY97 -FY2003, but are estimates for FY2004 through FY2006. Allowable Debt Margin Outstanding Debt as % of~ Fiscal Total Property (5% of Total Property Debt Allowable Year Valuation Val.) at Jul)' 1 Debt Margin FY97 2,146,528,095 107,326,405 29,430,000 27% FY98 2,185,166,884 109,268,344 31,390,000 29% FY99 2,371,395,269 118,609,763 41,675,000 35% FYO0 2,416,782,699 120,839,135 46,165,000 38% FY61 2,591,030,038 129,551,502 41,190,000 32% FY02 2,692,448,464 134,622,423 61,565,000 46% FY03 2,909,644,383 145,482,219 85,260,000 59% *FY04 2,964,367,626 148,218,381 88,800,000 60% *FY05 3,053,299,655 152,664,933 95,658,000 03% ' FY06 3,106,731,381 155,336,569 92,396,000 59% Estimate Revised: { DA [[ !}"MMiddiyy"} { Fll2 N?,M[ } Fllcal Service Prop~'~ % of The Fiscal Poll~ .~o ~ ~ Ye~r Le~ T~ ~ T~I ~ ~11 ~ ex~ 25% ~ ~ ~ ~ in any o~ ~1 ~.' ~ ~ ~ 1.7~ 12.~2 t3% ~w~ leW MIl ~ ~ ~ ~97 t.~ 12.653 10% In ~2~3. ~ p~ ~p~l ~98 1.~t~ 12.796 13% Impmve~ P~mm (~2~ ~ 1.~ 13.133 14% 2~7) ~ In ~ls ~me~ ~11 ~00 2.300 13.851 17% ~u~ ~ ~W ~ ex~ ~e 25% ~ln In ~. ~ ~llo~ng ~01 2.~0 14.757 20% ~ ~ ~ ~ ~ le~ as ~02 2.~5 14.850 20% a ~ ~ ~ ~; lew ~r ~03 4.16t 16.813 25% ~ ~ ~. ~ ~vies ~r *~ 4.595 t7.618 26% ~ ~ ~; ~ ~s ~r *~05 4.308 17.~ 25% ~ ~ ~' *~06 4.~ 18.357 2~ * estl~ Dsbt 8ervlo$ Levy A~ a P®r~nt~ge of TotsI Prc~rty T~x Levy (2~% Re~on~menc~d Maximin) * F..tlmated - 25 - CAPITAL IMPROVEMENT PROGRAM SUMMARY 03-07 Mormon Trek - Hwy 1 to 921 ................................................................. 7,340,000 Dane Road Area Sewer ......................................................................... 1,950,000 Miller-Orchard Park ................................................................................... 200,000 Burlington St. Bridge at Ralston Creek ..................................................... 579,000 Dodge St. Reconstruction, Water Sewer ............................................... 8,158,000 Capital Outlay ......................................................................................... 1,817,400 Scott Park Area Trunk Sewer .................................................................... 670,000 Court Street Transportation Center ........................................................ 8,733,400 Fire Station ~4 .......................................................................................... 300,000 Targeted Area Housing Rehab (TARP) ................................................. 1,000,000 Runway Extension .................................................................................... 745,000 Fire Apparatus ................................................................. : ...................... 2,325,000 Bus Acquisition ....................................................................................... 1,680,000 City Park Pool Filtration System ................................................................ 200,000 Iowa River Power Dam ........................................................................... 2,826,700 Camp Cardinal Road .............................................................................. 4,200,000 Scott Blvd (Finance only) ....................................................................... 1,900,000 South Sycamore Trail ................................................................................ 530,000 Economic Development ......................................................................... 1,000,000 Water Works Park/Butler House Trail Head .............................................. 754,000 Meadow St. Bridge and Trail Connection ...................................... ............ 310,000 Stormwa;[er Permitting ............................................................................ 1,000,000 64-1 a Plaza Towers (TI F) ....................................................................... 7,170,000 Lower West Branch Road ...................................................................... 3,800,000 Landfill Cell ............................................................................................. 2,300,000 Parking Garage Biennial Maintenance ...................................................... 660,000 Riparian Restoration - Water Work - Peninsula ............... .'. ........................ 70,000 Taft Road GSR (Reservoir) ....................................................................... 130,000 Old Bus Depot Land Acquisition....~ ............................................. : ............. 400,000 Gilbert St./Highway 6 - Dual Left ........................................................... 3,000,000 Culvert//Railing Maintenance .................................................................... 298,000 mgr~cipsummary.dcc Unfunded Projects 1 BURLINGTON ST BRIDGE SOUTH $800,000 61 IRC-ELKS PROPERTY $200,000 2 F STREET BRIDGE $250,000 62 LINN ST PED IMPROVEMENTS $338,300 3 FOURTH AVENUE BRIDGE $255,941 63 LONGFELLOW/TWAIN PED TRAIL $120,000 4 iOWA RIVER BRIDGE @ MORMON TREK $2,165,000 64 N DISTRICT NATURE TRAIL $300,000 6 PARK RD BRIDGE APPROACH $150,000 65 PED BRIDGE-ROCKY SHORE TO PENIN $800,000 7 PRENTISS ST BRIDGE $375,000 66 PEDESTRIAN OVERPASS- BENTON $1,000,000 8 ROCHESTER AVENUE BRIDGE $320,000 67 RIVERSIDE DRIVE PED TUNNEL $400,000 9 SECOND AVENUE BRIDGE $250,000 68 SAND LAKE TRAIL $400,000 10 SlXTH AVENUE BRIDGE $250,000 69 SHIMEKSCHL/FOSTERRDEXTTRAIL $70,000 11 THIRD AVENUE BRIDGE $250,000 70 SIDEWALK-HIGHWAY 921 $800,000 12 420TM ST NEAR INDUSTRIAL PARK $1,056,000 71 SIDEWALK-ROCHESTER $100,000 13 AMERICAN LEGION-SCO'I-r TO TAFT $2,100,000 72 WATERWORKS PK TO PENINSULA 14 BENTON-ORCHARD/OAKNOLL $3,500,000 PK CONNECTOR TRAIL $1,200,000 15 CEMETERY ROADS RESURFAClNG $100,000 73 WILLOW CREEK TRAIL- PHASE III $1,635,000 16 DODGE ST- GOVERNOR/BOWERY $5,320,000 74 WILLOW CREEK TRAIL-WEST $1,200,000 17 DUBUQUE RD PAVING-BRISTOL/DODGE $600,000 75 NAPOLEON/SOCCER PARK TRAIL $500,000 18 DUBUQUE ST ELEVATION $2,500,000 76 NORTH BRANCH DAM TRUNK SEWER $3,330,460 19 DUBUQUE ST/PARK RD INTERS. IMP $350,000 77 NORTHEAST TRUNK SEWER $4,503,800 20 DUBUQUE/CHURCH LEFT TURN BAYS $300,000 78 ROHRET SOUTH SEWER. $1,000,000 21 FOSTER RD-DBQ/PRAIRtE DU CHIEN $900,000 79 ROHRET ROAD LIFT STATION $1,177,000 22 FOSTER RD/DUBUQUE INTERSECTION $2,000,000 80 ROHRET/SLQTHOWER GSR $1,250,000 23 GILBERT ST IAIS UNDERPASS $282,000 81 TAFT/COURT GROUND STORAGE RES/ $1,250,000 24 GILBERT ST IMPROV-N LANE/SYC L $2,250,000 83 CARSON LAKE REGIONAL STORMWATR $1,000,000 25 GILBERT ST, SOUTH $800,000 84 HAFOR CIRCLE STORM SEWER $600,000 26 GILBERT/BOWERY INTERS-LEFT LANES $420,000 85 IOWA AVENUE CULVERT REPAIRS $300,000 27 HIGHWAY 921 STREETSCAPE $700,000 86 N BRANCH BASIN EXCAVATION $116,000 28 HIGHWAY965 EXTENSION $5,000,000 87 OLYMPIC COURT STORM~VATER $400,000 29 HWY 8 LAKESIDE TO 420TM ST $4,845,000 88 SANDUSKY STORM SEWER $405,000 30 KEOKUK ST RECONSTRUCTION $1,540,000 89 SUNSET ST STORM SEVVER $380,000 31 OAKDALE BOULEVARD $5,000,000 90 VALLEY ST STORM SEWER $150,000 32 LMUSCATINE-KIRKWOOD/SPRUCE $800,000 91 VAN BUREN STORM $150,000 33 L MUSCATINE-SPRUCE/DEFOREST $800,000 92 CITY PARK RIVERBANK PROTECTION $120,000 34 LAURA DRIVE RECONSTRUCTION $500,000 93 CITY PARK SIDEWALKS $110,000 35 MAIERAVENUE UPGRADE $4,000,000 94 DOG PARK DEVELOPMENT $50,000 36 MELROSE-WEST-218/CITYLIMITS $3,000,000 95 FESTIVAL STAGE IMPROVEMENTS $150,000 37 MORMONTREK-HWY921/SANDRD $5,725,000 96 LEISURE POOL DEVELOPMENT $4,600,000 38 MORMON TREK-LEFT TURN LANES $4,000,000 97 MERCER PARK BALL FIELD LIGHTING $225,000 39 MYRTLE/RIVERSIDE TRAFFIC SIGNALS $80,000 98 MESQUAKIE PARK $1,500,000 40 N DUBUQUE ST MEDIAN IMPROV. $490,000 99 PENINSULA PARK $1,000,000 41 NS MARKETPLACE PHASE 2 $461,000 100 REC CENTER EXPANSION $5,000,000 42 RIVERSIDE DRIVESTREETSCAPE $2,000,000 101SCOTTPARKDEV./BASINEXCV. $300,000 43 S GILBERT ST IMPROVEMENTS $6,000,000 102 SKATE PARK IMPROVEMENTS $150,000 44 SCOWl' BLVD LIGHTING $57,000 103 SOCCER COMPLEX TRAIL DEV. $220,000 45 SCOTT BLVD SIDEWALK $71,999 104 WATERWORKS PARK PH II $579,000 46 SIDEWALK-BENTON STREET $200,000 105 AVIATION COMMERCE PK SPEC BLD $4,000,000 47 SOUTH ARTERIAL DEVELOPMENT $6,500,000 106 CEMETERYMAUSOLEUM $350,000 48 STURGIS/RIVERSIDE INTERSECT. $150,000 107 CHAUNCEYSWAN FOUNTAIN $110,000 49 SYCAMORE-BURNS TO CITY LIMITS $2,778,300 108 FIBER OPTIC SYSTEM $350,000 50 SYCAMORE-CITY LIMITS TO L $1,960,000 109 FIRE STATION #1 RELOCATION $10,000,000 51 SYCAMORE-HWY 6/DEFOREST $1,350,000 110 FIRE STATION #2 RELOCATION $1,500,000 52 TAFT AVENUE $3,500,000 111 FIRE STATION ¢t4 $700,000 53 TAFT SPEEDWAY $2,080,000 112 FIRE STATION #5 $1,500,000 54 WASHINGTON ST ISLES RECONST $50,000 113 FIRE TRAINING FACILITY $890,000 55 U SMASH 'EM DEMOLITION $190,000 114 GIS COMPUTER PACKAGE $900,000 56 CITY PARK TRAIL LIGHTING $150,000 115 MAPPING SYSTEM UPGRADE $293,000 57 COURT HILL TRAIL $500,000 116 PUBLIC WORKS COMPLEX $6,500,000 58 HWY 1 SIDEVVALK/TRAIL $1,500,000 117 RIVERSIDE DR REDEVLEOPMENT $2,180,000 59 HWY 6 TRAIL-SYCAMORE/LAKESIDE $400,000 118 SUMMIT ST. HISTORIC PLAN $260,000 60 IA RIVER TRAIL-PED BRIDGE/R.S. $2,000,000 Total Unfunded Proiects $164,334,800