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REQUEST FOR ACTION <br />To Item Number <br />Ma or and Ci Council 6.4. <br />Agenda Section Meeting Date Prepared by <br />Administration ul 18, 2011 ustin Femrite, Ci En ~ eer <br />Item Description Reviewed by <br />Approve Trunk Utility Funding of Elk River Municipal Utilities' Tim Simon, Finance Director <br />Well 9 Raw Water Improvements Reviewed by <br /> Bob Thistle, Inte ' ~ty <br /> Administrator <br />Action Requested <br />Approve Elk River Municipal Utilities' (ERMU) request to fund the trunk water system modifications <br />associated with Well 9 Raw Watermain in the amount of approximately $284,568.06 from the Trunk <br />Utility Fund. <br />Background/Discussion <br />The Elk River Municipal Utilities' has made written request of the City of Elk River to allow the use of <br />trunk water main funds for the project costs associated with the Well 9 Raw Watermain Improvements. <br />The City has previously funded the Eagle's Marsh, County Road 40 trunk water main, and the 19314 <br />Avenue projects for ERMU out of the Trunk Utility Fund. Staff has reviewed the request in accordance <br />with the Trunk Utility Fund Policy that was developed in August of 2008. Staff finds the request in <br />accordance with that policy and supports the request made for the funding of this project. <br />Financial Impact <br />The balance in the Eastern Area trunk water fund as of December 31, 2010, was $303,638. Elk River <br />Municipal Utilities' request will reduce the current balance to approximately $19,069.94. Income over the <br />next four years will bring the balance of the fund back up to $579,000. <br />Attachments <br />^ Elk River Municipal Utilities written request to use trunk water funds <br />Action Motion by Second by Vote <br />Follow Up <br />N:\Public Bodies\City Council\Council RCA\Agenda Packet\07-18-2011\trunk%20water%20fee%20staff%20memo%207-18-11[1].docx <br />