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• <br />• <br />• <br />ii. Present draft SWU proposal to City Council <br />b. Lead party: Finance Department Staff <br />Key Contributors: SEH <br />Springsted, Inc. <br />Public Services <br />c. Funding Sources: Surface Water Management Fund <br />(2) Objective: Review financing policies pertaining to infrastructure <br />improvements, especially when deferrals of assessments occur <br />(Third and Fourth Quarter 2008) <br />(3) <br />a. Key Action Steps: <br />i. Review current policy with City Council <br />ii. If determined that change is needed, <br />formulate /adopt new infrastructure financing <br />(special assessment/deferral) policy <br />iii. Acquire /review sample policies from other <br />cities <br />iv. Formulate draft policy, review draft policy with <br />City Council <br />v. Hold public hearing /approve policy <br />b. Lead party: <br />Key Contributors: <br />Finance Department Staff <br />City Council <br />Community Development <br />Springsted Inc. <br />Public Services <br />c. Funding Sources: General Fund /Area & Unit Fund <br />Objective: Complete the utility rate study and present <br />recommendations to city council for review and approval (Second <br />and Third Quarter 2008) <br />a. Key Action Steps: <br />i. Review utility rate study results and proposals <br />with City Council <br />ii. Prepare public information materials <br />iii. Hold public hearing on proposed rate <br />structures <br />iv. Implement new utility rate structures in 2009 <br />11 <br />