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<br /> Pioneer Park – Parking Lot Expansion <br /> Pioneer Park – Vegetation Restoration <br /> Wayfinding Signs <br /> Front End Loader for Public Works <br /> 2023 Street Projects (County Road D, Nadeau Road, County Road C, Maple Leaf <br />Ct, Stone Ridge Ct) <br /> LC Road 4-3 and Roundabout <br /> Efflorescence Remediation at Fire Station <br /> Storm Water Projects related to the 2023 Street projects named above <br /> County Road B Lift Station/Forcemain Upgrades <br /> 200 kW Generator <br /> <br />ENTERPRISE FUNDS <br /> <br />The City of Little Canada currently has three enterprise funds (Water Fund, Sewer Fund, and <br />Storm Water Fund). The Storm Water Fund is a new fund that was introduced in 2024 in order <br />to finance all of the cost relating to storm water infrastructure needs within the City. Previously, <br />all of the storm water capital infrastructure, operating and maintenance cost were expensed and <br />recorded in the Infrastructure Capital Project Fund 450, which has been funded mainly with a <br />portion of the property tax levy, franchise fees for electric and gas, and special assessments <br />from street projects. <br /> <br />Each year staff updates projections for setting up utility rates and concluded that a 6% rate <br />increase will be necessary to the water rates and a 7.5% rate increase to the sewer rate in <br />2025. The rate adjustments are necessary in order to fund current operations and capital needs <br />in the funds. <br />CONCLUSION <br /> <br />With the many unknowns related to the future status of the Economy, City Council and staff <br />made significant efforts to minimize the increase to the 2025 Property Tax Levy while <br />maintaining the same quality level of services and programs and taking steps toward the <br />implementation of the City’s Strategic Plan. <br />We would like to acknowledge the contributions from City staff and members of the leadership <br />team or their contributions in preparing the Operating We would also like to recognize the time <br />and effort put forward by City Council members throughout the budget process. Together we will <br />continue to assure that the citizens of Little Canada get the best value for their tax dollar. <br />10