Agenda - Council Work Session - 02/23/2021

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• City General Funds • Special Assessments • Ad Valorem Taxes • Stormwater Utility • Development Fees • Tax Increment Financing Additional information about member city funding mechanisms is available in member city local water management plans. State Clean Water Fund (CWF) grants and other competitive grants provide an opportunity for the LRRWMO to offset the cost of large studies, non-structural projects, and capital improvements. The LRRWMO will continue to seek and apply for grants and loans to offset project costs whenever possible and cost effective. However, grant and loan programs change frequently as funding sources and priorities change, new grant and loans become available, and existing programs are terminated. In addition to competitive grants, BWSR's Watershed Based Implementation Funding (WBIF) is expected to become the primary mechanism through which BWSR distributes Clean Water Fund grants. The WBIF program will supply a steady but small source of grant funding allocated every 2 years. WBIF will be allocated within the metro by watershed, with the LRRWMO located within the "Rum River" WBIF watershed. Local units of government within the Rum River WBIF watershed shall determine the distribution of WBIF within its boundary. Coordination between the LRRWMO, its partners, and other organizations within the Rum River WBIF watershed is critical to promote effective and equitable use of WBIF grant funds. Additional information is available from BWSR at: tt• : sr.st t . s/ t*rs+: s*. i 1F r r The LRRWMO has collaborated with the ACD and its member cities to successfully complete water and natural resources improvement projects through cost -share opportunities. Without cost -sharing, such projects may otherwise be cost -prohibitive. Noteworthy examples of effective cost -share partnerships include streambank stabilization projects along the Rum River implement in cooperation with the ACD. The LRRWMO may lead implementation of such projects or contribute financially to projects led by partners. Table 5-1 identifies potential partners for planned implementation activities, where appropriate. The LRRWMO is responsible for evaluating progress towards achieving its goals and reporting annually to BWSR, per Minnesota Rules 8410.0150. Within the first 120 days of the calendar year, the District must submit to BWSR an activity report for the previous calendar year. Reporting requirements specified in Minnesota Rules 8410 will be followed. Generally, the LRRWMO's annual report includes: 5-8