Uh tonight we're presenting the feasibility report um and calling for a hearing on the improvement. Um If council moves this forward, I'll be back before you in October to conduct that public improvement hearing and look for direction on moving forward the project.

generally the project come, you know, we we estimate it at 30% it's assessed. Yep. 70% we're just calling city cost here in this and and how that is distributed is through a combination of you know bonds or whatever other funds we have available.

This is another project. We have storm water utility improvements in here and we should be using our storm water utility fund to pay for those improvements. Um because that's why we have the fund.

The proposed levy, as you may know, may be decreased um at the at its final adoption. It may not be increased. So, we're setting the high bar for the levy.

However, if you look at other data and you look at the amount of property taxes paid by a median valued home in those same communities... For the 10 um most comparable population, our property tax on our median valued home is the is higher than six of those and lower than three. So, we're much more to the high end than we are in the tax rate.

I think if we can approach it in a in a slower approach versus um and again I know like you said it's not ripping off the band-aid even I know you feel that way but I think this projection again I know it's a projection it's not perfect but neither is the other one then right so but if that's the data that is presented in front of us and I can see that in 12 to 13 years we would improve from being at $60 million of debt lower that down to $23 million of debt versus to $20 million of debt. I think that that shows that that slower approach could work just fine.

I would prefer to do it in this way now to try to not have a substantial jump five years or 10 years or 15 years from now where all of a sudden you need to go out for a bond for 15 million bucks on a because you are that large of a shortfall.

I think the bond for this building was something in the $14 million range. even though we knew it was coming up, it really wasn't accounted for in any sort of savings, if you will, it was just paid for via bond, right?

So, if we tax everybody today to build a new street that's going to last 50 years, people that paid for it, you know, won't be the ones who benefit from it entirely. The new people that move in will benefit from it. So there's this balance between a reasonable amount of debt and a reasonable amount of cash to be paid.