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04/28/93 14:03 FAX 612 490 2150 SEH ST. PAUL 4-,4 HOUNDS VIEW 4003/005 <br /> Mr.Ric Minetor <br /> April 28, 1993 <br /> Page 2 <br /> For Table 2, the basic assumptions are: <br /> • The utility is based on Soil Conservation Services hydrologic methods. <br /> • The rainfall is 2.0 inches. <br /> • Residential(R1 and R2) lot sizes are 0.29 acres. <br /> • There are 2,840 households in the City. <br /> • The annual revenue to be generated is$114,800 (based on Table 1). <br /> The two tables can be summarized as follows: <br /> 1. The annual tax required to maintain $100,000 in the SWM at the end of five years is <br /> $114,800. <br /> 2. The annual cost per resident is$15.96 if a utility is used to fund the annual tax. <br /> Please note there are several assumptions that go into calculating the utility.The numbers <br /> presented are only as good as the data used to calculate them.A more exact value will be <br /> obtained when the City decides to go the next step,which is to start the initial setup of the <br /> utility. <br /> The cost of start-up of the utility can be discussed at the Council meeting if the City goes <br /> ahead with the project. I will be looking forward to presenting this information at the <br /> Council meeting. <br /> Sincerely, <br /> Rocky J.Keehn,P.E. <br /> Project Manager <br /> Water Resources Department <br /> llc <br /> Enclosures • <br />