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HomeMy WebLinkAbout#05 - Lake Jane Association GrantSTAFF REPORT DATE: July 3, 2018 CONSENT #5 AGENDA ITEM: Lake Jane Grant Request SUBMITTED BY: Kristina Handt, City Administrator BACKGROUND: Included in the 2018 budget were funds for matching grants to the recreational lakes for water quality improvements like treating invasive species. This funding represents a 50% match, up to the maximum amount of $5,000 per lake. A match is required by the Lake Associations and any grant amounts received would not be included as part of the Lake Association match amounts. ISSUE BEFORE COUNCIL: Does Council approve the grant request of $4,506.17 from the Lake Jane Lake Association? PROPOSAL: The Lake Jane Lake Association has submitted an application for matching grant funding to treat Eurasian Milfoil this summer. A copy of their application is included in your packet. FISCAL IMPACT: $4,506.17 from the budgeted $15,000. The proposed amount is the match after subtracting for the grant from Washington County. OPTIONS: 1) Approve $4,506.17 for Lake Jane Lake Association Eurasian Milfoil Treatment 2) Approve a different amount for Lake Jane Lake Association Eurasian Milfoil Treatment 3) Do not approve any funding for Lake Jane Lake Association Eurasian Milfoil Treatment RECOMMENDATION: If removed from the consent agenda: “Motion to approve the Lake Jane Lake Association lake improvement grant request of $4,506.17 ATTACHMENTS: • Lake Jane Association Grant Request Form • Balance Sheet from AIS treatment 2018 Income LJA Member Deposits/Donation 4,450.00$ WA County Grant Money 7,000.00$ Donations 750.00$ City of LE Match Grant 5,000.00$ Total 17,200.00$ Expenses Permits Treatment 15,000.00$ Taxes Misc Expense 11.55$ Insurance 1,000.78$ Total 16,012.33$ Net Income/loss 1,187.67$