Agenda Packets - 1986/09/22 - Laserfiche WebLink

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MEMO TO: MAYOR AND CITY COUNCI. ",_ Q FROM: CLERK-ADMINISTRAT R -' DATE: SEPTEMBER 17, 1986 SUBJECT: JUDICIAL DITCH 81 MAINTENANCE PROJECT As you may recall, since July of this year Staff and Council have been dealing with the repair of Judicial Ditch 91, Branch 5 located in the City of Mounds View from Bona Road - to where Branch 5 intersects with Judicial Ditch 41 in Greenfield Park. In response, to n request from the City of Mounds View, the Rice Creek Watershed District has agreed to contribute $15,000 in support of a project which is estimated by City Engineer Thatcher to cost $60,000. The aunstion before the City Council at thin time is, "What funds are to be used to finance the City's portion of this project?" During the discussions undertaken at the September 15 Agenda Session essentially two sources of funding were identified. First would be to special levy thahe costs under recently approved legislation for public works maintenance and repair or finance the project using interest earned In 1987 as well Y as principle from the Storm Water Management Fund. r After evaluating the two options before the Council at this time, Staff would recommend that the first not be used in that a very brief period of time is available before all levies must be certified to the County and any levy that might be undertaken would simply be on the basis of a one year response to this project. Staff would recommend that the Council, instead, direct the City Engineer to prepare a plan for a ten year program of repair and maintenance to the City's storm drainage system including the identification of fund sources and a cashflow analysis to provide for an even flow of special levies using the previously referenced authority. For the project in question, Staff would recommend that the Council authorize the expenditure of $45,000 from the City's Storm Water Management Fund comprised of $30,000 in interest earned during 1987 and $15,000 in principle. Such action would not have a significant impact upon the current balance within the storm water management fund which is listed as being $278,000 in the 1935 financial statements. Staff in aware of an additional $25,000 in revenues being received since the beginning of this year which would, assuming no expenditures have been made, provide for the fund to have a balance in excess of $300,000.