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A park and recreation district may issue non-voted general obligation bonds for capital purposes. The <br /> amount of non-voted debt must not exceed 3/8 of 1 percent of the assessed value of property within the <br /> district. Park and recreation districts may also issue voter-approved debt. The combined debt limit for voter- <br /> approved and non-voted debt is 1% percent of the assessed value of property within the district. Voted debt <br /> must be approved by 60%voter approval. <br /> Max Levy Rates: <br /> • MPD-$0.75 <br /> • Parks& Recreation District-$0.60 <br /> Levy Proration Order <br /> The aggregate levy rate limit for junior taxing districts is$5.90/$1,000 of Assessed Value. The MPD and Parks <br /> District positions in the order of proration should the$5.90 limit be exceeded is below. The complete <br /> proration list is in the Appendix of this document. <br /> • MPD is 4th in line to be reduced should the combined levy rate of junior taxing districts exceed <br /> $5.90 <br /> • Parks & Recreation District is 2nd in line to be reduced should the combined levy rate of junior <br /> taxing districts exceed $5.90 <br /> Impact on City Regular Levy Rate: <br /> • No impact <br /> Impact on City Budget: <br /> Parks Costs - Proposed 2020 Budget: <br /> Operating Budget (includes$300k Capital) <br /> General Government(Parks Fund 101): $10,670,000 <br /> Capital Budget <br /> General Government(Parks Fund 101)- $300,000 <br /> Vehicle Replacement Fund (10-year Forecast Average) $490,000 <br /> Non-General Government(Parks Rsv. Fund 148): . . . $120,000 <br /> CIP 1 (Fund 162)[10-year Forecast Average] $1,100,000 <br /> CIP 3 (Fund 154)[10-Year Forecast Average] $1,280,000 <br /> Total Operating and Capital Budget $13,960,000 <br /> LI Alternative Service Delivery/Funding Models 19 I P a g e <br />