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04/28/93 14:02 FAX 612 490 2150 SEH ST. PAUL - HOUNDS VIEW U002/005 ANIS/al 3535 VADNAIS CENTER DRIVE.200 SEN CENTER,ST PAUL.MN 55110 612 490-2000 800 325-2055 ARCHITECTURE • eNG)NEERING - ENVIRONMENTAL - TRANSPORTATION • April 28, 1993 RE: Mounds View,MN Funding Local Watershed Management Plan SEH File No.91205 Mr.Ric Minetor City of Mounds View • 2401 Highway 10 Mounds View,MN 55112 Dear Ric: Enclosed are two tables which include the information requested by the City Council. Table 1 is the five-year projected local watershed management expenses and revenues for the City. Table 2 summarizes the storm water management utility rates based on information previously presented to the City. For Table 1, the expense assumptions include: • The Local Watershed Management Plan(LWMP) five-year C' costs. • In 1993,$30,000 for Long Lake Road. • For miscellaneous annual projects not listed in the LWMP,$5,000. • For Ardan Avenue storm sewer project,$457,710. The Ardan Avenue project represents projected City expenditure of$450,000 every five years for major storm water and water quality improvement projects. Many of these projects are listed in the LWMP as future capital expenses. For Table 1, the revenue assumptions are: • Interest revenue is based on a percentage of the beginning year balance. • Annual Storm Water Management(SWM)Fund contribution is$3,000,which is based on future development potential of the City and past contributions. • There are no large SWM Fund contributions_ • One hundred dollars ($100) per year will be contributed from small residential projects. • No assessments or alternative funding sources available. • Annual tax contribution of$114,808 is required to achieve a balance of$100,000 at the end of five years. SHORT ELLIOTTMADISON.WI HENDRICKSON INC. MINNEAPOLIS,MN ST.CLOUD.MN CHIPPEWA FALLS,WI