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<br /> <br /> <br />REQUEST FOR COUNCIL CONSIDERATION <br /> <br /> <br />Meeting Date: April 26, 2016 <br /> <br /> <br />Consent Agenda- A resolution authorizing the transfer closing the stormwater improvement fund and <br />establishing the stormwater utility fund effective 12/31/2015 <br /> <br /> <br />OVERVIEW: <br /> <br />In front of you this evening is a resolution to close the Stormwater Improvement Fund and essentially <br />re-establish the fund’s activity within an enterprise fund. The Stormwater Utility Fund will use <br />stormwater charges to support stormwater improvements and repairs. Stormwater improvements made <br />as part of the annual street program will become assets of the enterprise fund. Therefore the investment <br />in stormwater infrastructure will be clearly reflected through the use of an enterprise fund. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />25