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<br />with a $15,000 transfer of General Fund Reserves. The Park and Trail Improvement <br />Fund has completed the following projects since 2018: <br /> <br /> 12th Avenue Trail ($146,000) <br /> 2020 Trail Maintenance Project ($30,000) <br /> Arena Acres Park Improvements ($115,000) <br /> Birch Park Playground Improvements ($30,000) <br /> Clearwater Creek Playground Replacement ($97,000) <br /> Lake Drive Trail Project ($38,000) <br /> Lino Park Renovation ($132,000) <br /> Sunrise Park Playground Project ($95,000) <br /> <br />The Park Board will review potential 2023 projects and make a recommendation for City <br />Council consideration. <br /> <br />Debt Levy <br /> <br />The significant changes to the debt levy include the maturity of the 2019 Certificates of <br />Indebtedness and 2016C Tax Abatement Bonds. The 2016C bonds were issued at the <br />City’s participation in the YMCA Project. The $325,000 levy has been moved up to the <br />operating levy for Rookery Activity Center operations. <br /> <br />Water & Sewer Funds <br /> <br />A water & sewer rates study was conducted by Baker Tilly in April 2021. The study was <br />undertaken to review and analyze the City’s Water and Sewer Funds to determine the <br />appropriate rate structure and rate levels needed to pay for anticipated operating <br />expenses, anticipated capital improvements, principal and interest on current debt, and to <br />provide adequate levels of cash reserves. <br /> <br />The City implemented the recommended increases in 2022. The recommended increases <br />for 2023 are as follows: <br /> Water Fund <br />o $5/quarter increase in the base fee (from $10/REU to $15/REU). This <br />increase is driven by the assumption of constructing a Water Treatment <br />Plant. <br />o 4.0% increase in the consumption fee. The fee for a residential user with <br />consumption between 0-20,000 gallons would increase from $1.94 to <br />$2.02. A portion of this increase is due to the assumption of construction <br />a Water Treatment Plant. A 2.0% increase was recommended without a <br />Water Treatment Plant. <br /> Sewer Fund <br />o 2.5% increase in the quarterly base fee and consumption fee <br /> <br />Requested Council Direction <br /> <br />Staff is prepared to discuss the draft budget and tax levy with the City Council during the <br />initial budget work session on Monday, August 8th.