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month ($42.17 /year). To finance the estimated budget of $502,500 through the tax levy <br />would have a tax impact of $5.08 per month ($60.98 /year). <br />Staff estimates that a Storm Water Utility could be implemented within 6 -9 months from <br />the date council initiates the project as follows: <br />1. Revise feasibility study including budgets, revenue forecasts and rate <br />determination — 2 months. <br />2. Public Education Meetings — 1 to 2 months <br />3. Public Hearings and ordinance adoption — 1 to 2 months <br />4. Implementation of the Utility -2 to 3 months. <br />If the council proposes to move forward with the utility staff would recommend retaining <br />the services of SEH, Inc. to update the study. SEH prepared the original study in 2006. <br />Staff has requested an estimate from SEH to perform these services. <br />Council Direction <br />Staff is requesting council direction to move forward with updating the feasibility study. <br />Attachments <br />1. Executive Summary, 2006 Storm Water Utility Feasibility Study <br />2. Metropolitan Council "Financing Water Quality Management <br />