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STORM WATER MANAGEMENT FUND REVENUE COMMENTARY <br /> A Storm Water Management Fund was established, pursuant to Chapter 25 of the City <br /> Code, to provide for the preservation and improvement of storm water drainage facilities <br /> within the City of Mounds View. Any person who applies for a building permit and <br /> whose land the City Engineer determines contributes storm water to the City storm <br /> water drainage system shall pay a storm water management charge as determined by <br /> applicable provisions of the City Code. Storm Water Management Charges shall be used <br /> only for expenses incurred in the design, construction, preservation, or improvement of <br /> City storm water management systems. Those expenses shall include, but shall not be <br /> limited to, acquisition of land, wetlands and easements, construction of water quality <br /> control improvements, preservation of wetlands and retirement of debt issued in <br /> connection with storm water management system improvements. <br /> During 1993 it is estimated that the Fund will receive $4,500 in connection charges and <br /> earn $3,500 in interest income. Approximately $39,031 of fund balance will be used for <br /> 1993 expenditures. <br />