This bond issue provides:
The improvements will:
Approval of the bond issue gives the City the authority to issue general obligation bonds and levy an annual tax rate to finance the projects. Assuming the current interest rates, this bond issue will cost the owner of a $150,000 home about $4.00 per year.
Miscellaneous Repairs for Normandy Outlot, Hanneman Drive and others projects to be determined. Funding for design of Forest Lake Blvd flood reduction if grant becomes approved. Funding for Salt Creek Study
Funds emergency drainage projects related to streets, drainage replacement for streets being resurfaced as needed, and Stormwater quality portions of street projects
Northern Basin Plans for North Salt Creek, Lynn Creek and Oak Creek
Cooperative projects for improving Stormwater quality with developers and businesses