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Financing for facilities constructed pursuant to the Statute can be made <br />by the City: <br /> <br />Issuing and selling general obligation bonds payable either from <br />taxes or special assessments pursuant to a, M.S. 429 project; or <br /> <br />ii. From net revenues derived from storm sewer service charges; <br /> <br />From other non-tax revenues pledged for payment per other <br />statutory authority; or <br /> <br />iv. <br /> <br />From issuance of special obligations payable solely from taxes <br />or special assessments or from revenues; or <br /> <br />v. From two or more of the above sources. <br /> <br />The Statute has further detail on financing which needs be followed <br />after a financing source is determined. The ordinance will provide <br />these requirements. <br /> <br />Payment for the construction and maintenance of the facilities can be <br />done by USE, AVAIl.ABILITY and/or CONNECTION charges. <br />Charges established must, of course, be "just and equitable". The <br />Statute contains detailed provisions on the manner in which such <br />charges may be collected. Upon determination of the City's payment <br />option, I will include these requirements in the ordinance. <br /> <br />An additional source of revenue payment may be by the use of special <br />assessments pursuant to M.$.429. This would be a levy against <br />properly benefited by the facilities. The us~_,a! diffic'alty with proving <br />"benefit" would, of course, be present should this source of revenue be <br />selected. <br /> <br /> <br />