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Storm Water and Wetland MaNlgement Plan <br />Novemher 14, 1989 <br />ri <br />V1. FUNDINa <br />1. Storm Sewer Maintenance <br />Funding for this program now cnmvr. from the General <br />Foud and is <br />2, gf„_rm Sewer Imnrr,v.•men_ ts�an`i flitch Maintenance <br />Possible funding RnUrC'... for ^ower improve- <br />ment and ditch maintenance include the f(:llowing: <br />a) Storm Water Iianageme�t <br />The Storm Water Manaqement Fund was created to <br />account for storm warm management charges <br />collected when land is developed. Monies so <br />obtained may be used for the development of <br />storm 1985, drainage <br />hadfacilities. cember 31, <br />acash balance of <br />$277,847.00. <br />b) Municipal State Aid <br />A portion of the CIWy MSA constru. ' <br />ment may be used for storm sewer maintenance <br />and/or construction in conjunctionwith Tan is a <br />approved street construction Pro]nCt.only storm <br />very limited source of funding. <br />sewer or drainage improvements along MSA streets <br />are eligible. <br />c) Fefe_ re�dw^ <br />The City could levy <br />beyond <br />current levy <br />and seek <br />authority to levy <br />limits. <br />d) Bonds <br />The City could issue bonds to finance projects <br />and special levy to pay for the bonds. This <br />would be in conjunction with special assessments <br />to benefited properties. The City would have to <br />levy at least 20 percent of the project's total <br />cost. <br />e) stormsewer <br />Minnesota State Statute 444.075 lives cities the <br />authority to start and operate a storm sewer <br />utility. The cities of Rnspville_, Shakopee and <br />Richfield currently operate storm sower <br />utilities. <br />- 12 - <br />