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-178- <br />Staff is looking for direction on continuing to pursue this project. Some options that <br />might be considered are as follows: <br />1. Pursue the project at this time and increase the annual levy to the district to <br />recover the project costs. Alternately the project costs could be recovered over a <br />six year period at the present levy. <br />2. Delay the project for a period until the fund balance more closely matches the cost <br />of the project. <br />3. Reconsider alternate outlets for the Business Park 95 regional pond which were <br />evaluated in 2000. <br />Action: <br />Based upon discussion <br />Reviewed By: <br />Director of Public Works/Principal Engineer <br />Fire Chief <br />Finance Officer <br />City Attorney <br />PW: 09/19/06 <br />