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1.4.4 Identification and Implementation of Improvements <br />The final task associated with the storm water management program includes <br />establishment and implementation of improvement and maintenance <br />programs. These final tasks are necessary to ensure that storm water <br />management measures are implemented in a timely fashion and that their <br />effectiveness in maintaining Lino Lakes' drainage system can be quantified. <br />The program also provides the flexibility to adjust the implementation of <br />storm water measures to maximize effectiveness. <br />2.0 Financing Alternatives <br />The cost of constructing, operating, and maintaining storm water facilities <br />continues to increase along with other municipal costs. In fact, the storm <br />drainage system is often the last and most expensive public utility for cities <br />to develop. <br />Traditional methods of financing storm water improvements have become <br />more complex in recent years. Faced with increasing costs and continuous <br />pressure to minimize property taxes, cities may lack the financial resources <br />to undertake a multi -year storm water management program. <br />Consequently, many communities lack the proper funding to address the <br />increasing costs related to storm water drainage, water quality management, <br />and wetland protection. <br />The major categories of funding sources are (1) Ad Valorem Taxes; (2) <br />Special Assessments; (3) System Development Charges (Building Permits, <br />Land Development Fees and Land Exaction); (4) User charges; (5) Grants; <br />and (6) Special Tax Districts. Table 1 illustrates the advantages and <br />disadvantages of the different financing methods. Following is a description <br />and financing principles used with each of these financing mechanisms. <br />Feasibility Study A- LINOL0602.00 <br />City of Lino Lakes, Minnesota Page 5 <br />