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REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 2 <br /> 92-289WS <br /> STAFF REPORT Report Number: <br /> June 1, 1992 Report Date: 5/28/92 <br /> AGENDA SESSION DATE <br /> DISPOSITION <br /> Item Description: Surface Water Management Utility - Update <br /> Administrator's Review/Recommendation: r <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> Attached are updated cost calculations regarding the proposed <br /> Surface Water Management Utility. The rate calculation sheet is <br /> based on the updated 5 Year costs. Rates Would change depending <br /> on the costs actually included in the 5 Year plan. For example, <br /> if the Capital Projects were to be financed from assessments, the <br /> 5 Year Expenditure estimate would be reduced by $330,000. This <br /> would result in a rate reduction of approximately 48%. Costs to <br /> residents then would be split between utility charges and special <br /> assessment charges. <br /> Mark Lobermeir (from SEH) will be at the meeting to discuss the <br /> basis of rates, comparison to general fund levy, and answer any <br /> questions regarding the proposed implementation plan., <br /> Ric inetor <br /> City Engineer/Director of Public Works <br /> RECOMMENDATION: <br />