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Exhibit 2 larger homestead credit. The greatest benefit is to the lakeshore residents that are experiencing flood damage. This project will lower the water level at very little cost to them. The disadvantage with this method of financing is that many persons who do not benefit from the project nor contribute runoff to the problem will help pay for the project. I V. 1MPBS."I_QN_LANpL9S�SE12_BBENS The engineers for the VBWD have made certain assumptions about which areas can be outletted and their flow accommodated by the Main Stem system and which areas cannot be outletted. The attached map shows the areas colored in pink which are assumed never to be outletted. If the City would like the main stem system to have capacity so that any of these areas could be outletted in the future, the request for additional capacity should be made at this time. For example, Foxfire-Green Acres Additions and Down's Lake could be fitted with a small outlet but Legion Pond could not. V. G4A ENIS-RID-REMICENDMON-S The fol lowing is a page by page review of the 509 Plan. We recommend that those comments deemed significant to the City of Lake Elmo be incorporated into the 509 Plan by the Board of Managers. i. Figure 6 on page 14 corresponds to the colored map attached to this summary. The City Council should discuss which areas are planned or not planned to be provided outlets. 2. Page 24, Item 5 lists the policies to be followed for areas outside the MUSA Iine. The portion of Lake Elmo In the VBWD is all outside the MUSA Iine. Please note that a water management plan at the City level is not required. The Watershed District will continue Its review and approval role in the same degree as In the past. Is this satisfactory with the City or does the City want more local control? 3. Figures 8, 10, and i1 on pages 31, 33 and 34 show the "before" and "after" flood levels on the lakes. The City should request that the 10 and 50 year flood levels be provided for the "after" improvement condition and that the duration of time the lakes are above the 10, 50 and 100 year levels be calculated. It Is Important for the City to know not only the probability of a flood but also the duration that the water will stay above that level. 4. Page 37, the last sentence under Deer Pond - since the channel Improvements between Hedges Pond and Lake Jane are not Included in the CIP, is it assumed that this improvement will be done at local cost if it is needed?