Laserfiche WebLink
RESOLUTION NO. 1584 <br />CITY OF MOUNDS VIEW <br />COUNTY OF SO <br />STATE OF MINNENNf•.SOTA <br />RESOLUTION ACCEPTING THE 1983 WATER AND SEWER <br />SYSTEMS MAINTENANCE AND CAPITAL IMPROVEMENT PROGRAM <br />WHEREAS, Mounds View City staff has prepared and presented <br />a report entitled,"1983 Water and Sewer Systems Maintenance and <br />Capital Improvement Program"; and <br />WHEREAS, the purpose of the report was to recommend the <br />establishment of a long-term maintenance program for the City's <br />Water and Sewer Utility Systems in order to provide high quality <br />utility service to the residents of the community at the most <br />reasonable cost possible; and <br />WHEREAS, it was felt that such a goal could be achieved <br />by implemcntinq a mai-ntPnance program which keeps the systems in <br />optimum working order and extends the useful life of the systems; <br />and <br />WHEREAS, the report included the following recommendations: <br />A. Water System and Fund <br />1. Set water rates at a level sufficient to ensure <br />that annual sales revenues cover annual operating <br />costs, depreciation of 'equipment purchased with own <br />funds, and contingency. <br />am <br />an <br />2 Establishnual <br />ofl$42',500etorberh <br />funded out <br />of non -sales revenues. <br />3. Establish a Capital Improvement Program during the' <br />period .1983-85 at an estimated cost of $328,800 <br />to be funded with cash -on -hand in the Water System <br />Contribution Fund and an interfund loan from the <br />Special Capital Projects Fund to be repaidAfrfm <br />Water Fund non -sales revenues over a Pe____ <br />ten (10) years at 88 interest per annum. <br />B. Sewer System and Fund <br />1, Establish an annual inspection, maintenance and <br />system improvement program at an annual cost of <br />$33,100 to be funded by an increase in sewer rates. <br />