Laserfiche WebLink
Mayor & City Council <br />December 15, 1994 <br />Page 2 <br />this matter. <br />A summary of the recommendations is attached. Ramsey- Washington <br />Metropolitan Watershed would become the responsible entity for <br />this line. They would be amoritizing $952,678 over 30 years at <br />4% interest with payments to the Metropolitan Council. They will <br />also need to invest approximately $1.5 million in repairs to the <br />line to insure its viability into the future. <br />The study group initially worked from the concept that the MWCC <br />should provide the line to us at no cost in that it would be <br />obsolete from a sanitary sewer facility standpoint. However, <br />this did not resolve the issue of the monetary value the City of <br />St. Paul felt it had coming. That is how the reconveyance amount <br />was arrived at. (It should be noted that this amount started at <br />$1,360,083.) Based on considerable discussion, the study group <br />came to the consensus that this was a fair and equitable manner <br />to resolve the issue while still providing for the integrity of a <br />key storm sewer facility which impacts all of our jurisdictions. <br />Therefore, it would be staff's recommendation that we adopt this <br />resolution as presented. It is important to note that while it <br />appears there will not be a direct obligation of the City payable <br />to the Watershed, the Watershed's levy within Little Canada will <br />increase to cover these added costs. <br />Should you have any comments or questions regarding this matter, <br />please let me know. <br />JRH:kpv <br />Enclosures <br />Page 89 <br />