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We have updated the original financing budget with a 10- or 4-year payback option. Ten years was the <br /> original option. A final resolution will be updated once final costs are incurred and will be updated for <br /> current interest rates. <br /> A 10-year $850,000 note,with 1.78% (03/31/16 10 year U.S. treasury rate) interest would require an <br /> annual tax levy line item of$93,166.02 starting with the 2016 levy for payable 2017,which is all based on <br /> construction timing. <br /> A 4-year $850,000 note,with 1.04% (03/31/16 average of 3 and 5 year U.S. treasury rate) interest would <br /> require an annual tax levy item of$217,502.58 starting with the 2016 levy for payable 2017,which is all <br /> based on construction timing. <br /> Attachments <br /> ■ Grade Crossing Signal Installation Agreement <br /> ■ Capital Improvement Plan worksheet <br /> ■ Resolution 15-59 <br /> N:APublic Bodies\Agenda Packets\04-04-2016\x8.3 sr QZ.docx <br />