Agenda - Council - 02/10/1981 - Laserfiche WebLink

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300 Metro Square ]~uilding, 7th Street and Robert Street, Saint Paul, Minnesota 55101 A~ea 612, 291-6359 July 8, 1980 Ms. Terry Hoffman, Director Minnesota Pollution Control Agency 1935 west County Road B-2 Roseville, Minnesota~~3 ' Dear 5~__ qe~f-'-f~an . We have reviewed the three points summarizing your acency's concerns regarding the proposed Champlin, Anoka, Brooklyn Park {CAB) Interceptor, as contained in your letter of June 11, 1980. First, we are awareof the cost-e~fectiveness requirements that must be met if federal and state grant funding are to be sought. It is our hope that the current freeze on funding will not cause significant delays in the overall decision-making process. Second, the current draft of the Commission's Systemwide 201 Facilities Plan identifies Dry Weather Relief Interceptor (in- cluding the Minneapolis East Interceptor) as having a Nigh priority with construction tentatively scheduled to begin in 1982. Third, we have recently reviewed the Council's financial status concerning additional bonding ability. This was undertaken as part of our review of the Commission's Development Program amend- ment-revie~.- At the present time, it appears that the Council would have to be faced with a need to sell in excess of $100 million in bonds for the ~CC alone in a one year period in order to impact our financial indicators. If that amount were to be fully matched by federal and state funding, your agency would be faced with obligating $900 million to the metropolitan area in a one year period. In view of the history of federal and state water pollution control funding in the Metropolitan Area ($281 million from 1973 to 1979),-it appears that the regional funds are more readily available than the federal/state match- The average grant funds in the four most recent years is $50.8 million, approximately one-seventeenth of the amount necessary to fully match a local $100 million bond issue. Consequently, the provision of necessary local matching funds will not be affected if CAB is constructed with entirely local fundS.