The City issues debt for infrastructure and large scale equipment that has a useful life equal to or greater than the length of the debt. Seventy percent of the City’s debt levy is for street reconstruction.
The City is in the middle of a plan to reconstruct all streets within the City paid for with debt, special assessments and user charges for water, sewer and storm sewer. All streets in Hopkins are planned to be reconstructed in the next 10-12 years. The City has also made significant infrastructure investments on the 8th Avenue Artery and Blake Road that prepare the City to take full advantage of Southwest Light Rail.