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$108,100 should be funded from the Storm Water Management Fund. The Storm~;w.~ater <br /> Management Fund was created for the purpose of funding projects that would encour~e;'ne~i,"~. <br /> development and decrease the amount of are needed for ponding. Although Ihee~'~ was a <br /> significant drainage problem prior to the Zitzloff development, the problem was.,d~a~erbated by <br /> development and does provide benefit in the form of an overflow for Busines~:Pa~rl~::95:: Staff <br /> recommended that 50 percent of the $108,100 or $54,050, be funded fr°m';the Sto~'::~ater <br /> Management Fund and 50 percent from the Storm Water Utility Fund fo~ti~e Mississippi ~i~er <br /> Storm Water Subdrainage District No. 1 project. ~:_~i~, (':~.-:::':. <br /> <br />Councilmember Zimmerman inquired as to how much money.t~e,City eXPected to collect from <br />the district in the Storm Water Management Fund. .~: · .?::~ " <br /> <br />City Engineer Olson replied that the charge is $3,744: p~r acre and ~h~i~e is approximately 14 <br />acres within the district. ':" ~ :-~- :-~: <br /> <br />Councilmember Zimmerman inquired as to how much the City'coI1ects from the Storm Water <br />Utility fund. -~/~- :, <br /> <br />City Engineer Olson replied approximately. S330,000 annually. He eXplained that staff is <br />recommending the 50/50 split because ~he' project, would be correcting an existing drainage <br />problem. ~' - <br /> <br />Councilmember Kurak inquired if it was mae that'the City had nOt utilized the Storm Water <br />Management fund to do date. -'-- ~ -i ~ ~ :i <br /> <br />City Engineer Olson replied that to the best offs ability the fund has not been used. <br /> <br />Councilmember Kurak stated that the Storm warerl Utility fund is a fund that has caused a lot of <br />concern-inthe community sothe City should ~eat;it very carefully. She stated that when she was <br />made awafe.ofihe fact that the proj.ect was :to:be funded from the Storm Water Utility fund she <br />made the request that f~nds be ,taken-. fi.om the Storm Water Management Fund and does not <br />agree with the 50/50 Split. The Storm~"Water Utility fund was established to be used for <br />maintenance items not new construction. <br /> <br />Councilmember Zimmerman stated that he agreed that the Storm Water Utility fund was <br />established to, handle maintenance items. <br /> <br />Councilmember Hendriksen requested that the City Engineer review the conditions that existed <br />on the Parabody site and other neighboring properties that would justify using the Storm Water <br />Utility fund., <br /> <br />City-Engineer Olson stated that the Storm Water Utility fund was estabIished to maintain the <br />storm-sewer system, but it has been used to correct drainage problems because the lack of <br />maintenance causes drainage problems. He explained that there were numerous instances in the <br /> <br />-12- <br /> <br />Finance Committee/September 11, 2001 <br /> Page 2 of 7 <br /> <br /> I <br /> I <br /> I <br /> <br />1 <br />! <br />! <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />i <br />I <br />I <br /> <br /> <br />