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Financing of Street Improvements <br />September 16, 2011 <br />Page 3 <br />Summary <br />After our discussions on August 30, and looking at the number and size of potential other projects, we would <br />recommend that you proceed with a prioritization discussion, specifically, and most beneficial it seems, would be a <br />Street Reconstruction Plan. Through a Street Reconstruction Plan process, you would more easily see the benefits <br />of prioritizing the projects over the next 5 years, or maybe even 3 years. The following logical step then would be to <br />interface the Street Reconstruction Plan with a financing plan. This is the proper chronological order of events — <br />where you have your priorities driving your financing plan, rather than the other way around. <br />Upon completion of a Street Reconstruction Plan, we will construct a financing plan considering cost/timing of your <br />projects, outstanding debt, impact on taxes and impact on rates. The financing plan will address your street <br />reconstruction needs while balancing those needs with cost impact. Upon discussion of the financing plan, you <br />would be able to move projects to different years, resize projects, and reprioritize if necessary. <br />We would look forward to assisting you on these next steps. If you have any questions, please do not hesitate to call <br />me at 651 - 223 -3066. Thank you! <br />11--... <br />