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10- <br /> <br />o <br /> <br />Figure 8 shows that the net debt is projected to remain within <br />the net debt legal limit of 6-2/3 percent of assessed valuation. <br /> <br />All of the city's current debt is payable from nontax sources <br />(presumably from special assessments). It would be informative <br />to the city council and to the citizens to show debt service cash <br />on hand plus annual debt service revenues to equate with the <br />annual debt service payments shown in Figures 7 and 7a. Any net <br />shortage of revenues must be covered by a tax levy. Assuming <br />that levies are collected as necesary and accurately applied, <br />there is no possibility of a deficit because such levies are <br />authorized in excess of any limitation (full faith and credit). <br />If tax receipts ad special assessment collections are delinquent, <br />there could be problems in having funds on hand when needed. <br /> <br />There is no evidence in the city's comprehensive plan that it <br />currently is in financial difficulty. However, to maintain the <br />current service levels in the future with the current financial <br />base may not be possible without incurring operting deficits. <br />Such operating deficits could only be relieved by increased <br />local revenues which may or may not be possible, largely <br />depending on future actions of the legislature. Therefore, it <br />would seem more practical for the city council to take some <br />action to concentrate the development of the city to control the <br />growth in costs. To further examine its debt carrying ability, <br />the city may wish to review the relationship between its debt <br />service revenues and needs. <br /> <br />Environmental Protection (Carl Schenk) <br /> <br />The plan contains a thorough collection of narrative descrip- <br />tions, inventories, maps and policies for management of the <br />city's sensitive environmental features. Addressed are: natural <br />watercourses, lakes, wetlands, floodplains, slopes, soils, <br />woodlands and historic sites. <br /> <br />These plan elements are part of a management system designed to <br />reduce conflicts between environmental, economic and social <br />concerns. In addition to the land use management element, the <br />city has prepared a comprehensive stormwater management plan. <br />The drainage plan, encompassing the Mississippi River and Rum <br />River drainage basins, covers the entire urban and transitorial <br />service areas of the city. The plan describes natural drainage <br />features and defines runoff increase to be anticipated from "the <br />complete transition of land from its existing predominant <br />agricultural use to urban development." <br /> <br />An implementation program is also described in the plan in <br />sufficient detail. Descriptions of zoning, subdivision and <br />citywide environmental protection ordinances are described, and <br />the city's environmental review permit procedures are identi- <br />fied. Procedural and performance standards in the subdivision <br />ordinance are also noted. <br /> <br />The Metropolitan Council previously reviewed the Ramsey Critical <br />Area Plan and Regulations. The Council recommended that modified <br /> <br /> <br />