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MEMORANDUM <br />SHORT-ELLIOTT-HENDRICKSON, INC. <br />TO: <br />CITY OF MOUNDS VIEW <br />ATTN: <br />DON PAULEY <br />FROM: <br />DAN BOXRUD1 <br />I <br />DATE: <br />JULY 9, 1987 <br />SUBJECT: <br />STORM WATER MANAGEMENT FUND <br />SEH FILE NO. 87154 <br />Chapter 25 of the Municipal Code includes a provision for <br />updating the SWM charge annually on July 1, based on the change <br />in the Engineering News Record construction cost index for the <br />Twin City Area. Based on the Engineering News Record <br />construction cost index for June, 1985 of 4,295.17 and the <br />comparable index for June of 1987 of 4484.24, the SWIM charges <br />should be increased by 4.4%. The resulting charges will be as <br />follows: <br />R-1 <br />177 <br />per <br />lot <br />R-2 <br />867 <br />per <br />acre <br />R-3 <br />1,253 <br />per <br />acre <br />All Others <br />1,723 <br />per <br />acre <br />DRB/cmh <br />----- --- --- <br />2M G0111 IFR AI III DING • 222 FASI 111111(ANADA R(MD • ST. PAI II.. MINNF%TIA 51117 • PI IONF (1,121 104.0272 <br />