Agenda Packets - 1997/02/24 - Laserfiche WebLink

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City of Mounds View Staff Report Highway 10 Pedestrian Bridge- Appendices February 21, 1997 Page 8 elsewhere to replenish it if the City wanted to maintain a certain balance. The amount of interest earned in 1996 was $88,000. City Council Resolution No. 4843 allocated $41,558 from Special Projects to the pedestrian bridge. (The balance reflects the fact that the appropriated funds have been moved to the pedestrian bridge account.) 5. Storm Water Mgmt Fund Current Source: Storm Water Charges on Building Permits; Charge on Utility Bill Code Reference: Section 203.07 The purpose of this fund is"to provide for the preservation and improvement of storm water drainage facilities within the City." This fund was intended to be used to fund ongoing maintenance on the storm sewer system and to accumulate money until there was a sufficient balance to do major drainage projects such as the Ardan Avenue and Sherwood Road storm sewer trunk lines. In recent years, the funds have been used in conjunction with road reconstruction projects to install, upgrade or repair storm sewer lines in these roads. Bronson Drive is an example. The balance in this fund as of 1995 was $310,499. The next projects in line for use of this fund are reconstruction of Old Highway 8, Spring Lake Road, Ardan Avenue, Sherwood Road, Edgewood Drive, and County Road H2. Money has been appropriated from this fund for the pedestrian bridge project, to address the drainage pond located at the northwest corner of Highway 10 and Long Lake Road as follows: • $6,900 on 6/10/96 for SEH to complete engineering analysis for relocating surface water pond • $30,000 on 9/9/96 for design using Option 2 of alternatives developed by SEH 6. Street Light Fund Current Source: Charge on Utility Bill Code Reference: Section 904 According to Chapter 904, "the City Council has determined that it is in the best interest of the City to operate, maintain and improve upon the street lighting system throughout the City. It is the Council's intent to encourage this program throughout the City to promote the general health, safety and welfare of the citizens of Mounds View. The balance in this fund as of 1996 was $54,141. City Council Resolution 4843 appropriated $25,000 from this fund for the pedestrian bridge project for the lighting which will be installed on or in the vicinity of the bridge. (The balance reflects the fact that the appropriated funds have been moved to the pedestrian bridge account.)