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Discussion on the intergovernmental grants. Some of this was <br />MNDEED and some was EPA grants for groundwater issues. <br />Debt service paid by utility funds. No property tax levy. <br />Deve relatred fees estimates for 2013. It was clarified that they were <br />per unit. <br />Discussion of the cost for village properties. Estimated that costs <br />should be less than $20,000 <br />Difficult to compare currently projects to proposed future projects. <br />Discussion on what needs to be done with old systems. Tanks can be <br />left, but filled with sand. <br />Comparison varies by city. Total usage/rates for water and sewer, <br />storm water. LE is at higher end in communities. As growth occurs, <br />rates should reduce. <br />Smith asked about outlook of city. Tammy said city looks good based <br />on conservative estimates. If growth does not happen, some rates <br />may have to increase at higher rate than anticipated, but if growth is <br />better than estimated, it will decrease. Cash balances will be <br />important. <br /> <br />Prepayment feature was discussed. Flexibility can be built in if growth <br />is better and elect to call earlier. <br />Types of bonds. General…bonds- lowest interest rates. Backed by city <br />tax levy option. <br />Current rates are 3…% DZ recommends 20-yr <br />Discussed by staff is to borrow front end heavy because of so low <br />interest rates. <br />Last year charges were $14K, now propsing $8K. this make it <br />competitive for east metro. <br />The availability charge would provide instant funds. Discussion about <br />the rate of dev.- building velocity and area-wide assessment as <br />opposed to individual pay as you go direct assessment