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Preliminary Draft-Implementation Plan for Responding to Flooding <br /> Problems in the City of St.Anthony ' <br /> WSB Project No. 1065.10 <br /> December 12, 199 7 <br /> Page 4 <br /> Task 6 -Revise Storm Water Utility Fees - As Necessary <br /> This task proposes to change the storm water utility fees as necessary to allow the remaining public <br /> improvements to be constructed by the year 2005. The amount of the fee increase(if any)would be <br /> based on the success of receiving outside funding. It is anticipated that the City would utilize its <br /> bonding capacity as needed to allow improvements to be constructed by the year 2005. It is further <br /> anticipated the City might secure 15-year bonds to pay for improvements constructed by the year <br /> 2005. These bonds would be anticipated to have 15-year maturity date so as to be paid off by the <br /> year 2020. The recommended order in which storm drainage improvements should be constructed <br /> and the preliminary estimated cost for the improvement is outlined below: <br /> Project Priority ty Preliminary Estimated Cost <br /> Construct Improvements in Area 2 $1,334,000 <br /> Construct Improvements in Area 5 $1,749,000 <br /> Construct Improvements in Area.3 $1,404,000 <br /> Construct Improvements in Area 4 $25,000 <br /> Construct Improvements in Area 12 $96,000 <br /> Construct Improvements in Area 8 - 10 $872,000 <br /> Construct Improvements in Area 7 $85,000 <br /> Construct Improvements in Area 11 $81,000 <br /> Construct Improvements in Area 6 $26,000 <br /> Construct Improvements in Area 1 $43,000 <br /> Construct Improvements in Area 13* $0 <br /> Total $5,715,000 <br /> *Storm water improvements in Area 13 are to be constructed when redevelopment occurs. <br /> F:I WP IVlM 1065.10112129".memo <br />