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City Council Regular Meeting Minutes September 23, 1997 • Page 9 1 Mr. Kuharski explained that Section 9 outlines suggested sources of funding, including the 2 following from the City of St. Anthony: Amount in the current Sewer Fund, which will have 3 a balance of$265,000 as of December 31, 1997; 4 Mayor Ranallo noted it is the Storm Sewer Fund. 5 Mr. Kuharski continued: An interfund payable to be made by transferring uncommitted funds 6 from the General Fund for $50,000 and from the Revolving Improvement Fund for $255,000, 7 reimbursements to the fund will come from increasing the quarterly Storm Sewer Fund charge 8 and would take two years to repay; A portion of current undesignated funds would be 9 transferred-to the Storm Sewer Fund and would take two years to repay; An additional tax 10 levy for the Storm Sewer Fund to be included in the 1998 budget and in future year's 11 budgets; and, An increase to all residents and commercial property owners of the quarterly 12 Storm Sewer Fund charge effective January 1, 1998 for a yearly increase from $48,000 to 13 $150,000. 14 Mr. Kuharski stated other sources of funds would include Federal and State, residents and 15 donations. He noted the donations would be tax deductible and would be similar to the 16 donations to SANBE. Marks noted that SANBE is a 501(c)(3) organization and asked Mr. Kuharski if he intended to set-up that sort of an organization for these funds. 19 Mr. Kuharski stated the funds could be donated to the City and designated to be used for the 20 Storm Sewer Fund. 21 City Attorney William Soth stated that the problem is that once the funds have been donated 22 to the City, there are limitations by Statute as to how the City can use the funds. It would be 23 more appropriate to set up a charitable organization. 24 Faust asked the amount of the proposed increase to the quarterly Storm Sewer Fund charge. 25 Morrison stated the proposed figures included an increase of$12 to $36 per resident per year. 26 Commercial would pay more because they are charged on a land use ratio. 27 Mr. Kuharski explained Section 10 describes a method to determine emergency financial relief 28 to residents. Those residents requesting funding by October 31, 1997 would be required to 29 complete a list showing the items that were damaged and sign an affidavit stating that this is 30 true to the best of their knowledge. It also suggests that the City contract with an 31 independent insurance adjuster who will review.the items listed and visit each property to 32 determine the current market value of the items listed. Mr. Kuharski explained that Section 11 is a recap of what it will cost to accomplish the short- 4 term solutions suggested in this report.