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MEMORANDUM <br />DATE: August 20, 1997 <br />TO: Mike Mornson, City Manager <br />FROM: Roger Larson, Finance Director <br />ITEM: STORMWATER FUND <br />In 1992, the City of St. Anthony implemented stormwater user fees to establish funding <br />for repair /replacing the City's stormwater drainage system. The current balance of the <br />fund totals $251,182 (through 2nd quarter 1997). <br />Current expenditures include WSB & Associates for the Water Resource Management <br />Plan ($9,300 has been paid - $12,800 balance due). In addition, payments for <br />dumpsters and flood clean up (approximately $1,500) have been paid by this fund. The <br />estimated fund balance on 8/20/97 totals $236,882. <br />A review of the fund is as follows: <br />Revenue Collected <br />Residential <br />Cost per household <br />Cost per townhouse <br />Commercial <br />Sunset Memorial <br />Apache Plaza <br />Gross Golf Course <br />Lowry Grove <br />St. Anthony Shopping Center <br />Apartments <br />Per Ouarter <br />$ 12,000 (Approx. $48,000 Yr.) <br />$ 3.00 <br />$ 1.50 <br />$ 485.46 <br />$1,003.66 <br />$ 252.90 <br />$ 240.77 <br />$ 195.23 <br />Mirror Lake $ 222.00 <br />Equinox $ 274.03 <br />Autumn Woods $ 106.92 <br />Diamond 8 $ 145.09 <br />An analysis of increasing the rates is attached. <br />