Agenda - Council - 09/11/2001 - Laserfiche WebLink

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I I I ! I I I I I I I I TRANSFER OF FUNDS FROM STORM WATER UTILITY TO STORM WATER MANAGEMENT FUND By: Diana Lund, Finance Officer Background: Included in the 2000 Capital Improvement Program was the storm water improvement project entitled 'Mississippi River Storm Water Subdrainage District No. 1'. This project was to be funded from the levying of affected property owners and $108,100 from the Storm Water Utility Fund. The justification for this $108,100 was due to the installation of an overflow pipe for Business Park 95 as well as for the District. The Storm Water Utility Fund was created to fund projects pertaining to the maintenance and correction of drainage problems with the City's current storm water system. It has been requested that the $108,100 should be funded from the Storm Water Management Fund. The Storm Water Management Fund was created for the purpose of funding projects that would encourage new development and decrease the amount of area needed for ponding. Although there was a significant drainage problem prior to the Zitzloffdevelopment, the problem was exacerbated by development and does provide benefit in the form of an overflow for Business Park 95. Staff Recommendation: Staff is recommending that 50% of the $108,100, or $54,050, be funded from the Storm Water Management Fund and 50% from the Storm Water Utility Fund for the Mississippi I River Storm Water Subdrainage District No~ 1 project. Committee Action: "---/2~'x, I Motion to recommend Council/%horize_ the Storm Water Management Fund and the Storm Water Utility Fund to ~6ntribute $54,050 each to the Mississippi River Storm Water Subdrainage District ~o. 1 project. City Engineer ~ ~)6 -255-