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debt from past projects. One repayment plan runs through the year 2009 and <br />another repayment plan is completed in the year 2002. In this regard, there <br />will not be monies of any significance available for additional projects until at <br />least 2002. In 2002, an extra approximately $150,000 per year will be <br />available provided the Council continues the tax levy. <br /> <br />One thing that has helped our current financial status is the fact that no <br />major projects were necessary in 1997. However, surprises in surface water <br />management can happen at any time which require expenditures of City <br />funds. Known projects on the horizon include Ditch 28, Business Center <br />Drive extension and Waco Avenue, the Core Village area including the 4th <br />and Norfolk area, County Road 12 project in 1998, and the east Elk River <br />project including Ditch 10 and the connection between 171~t and County Road <br />12. If any of these proiects move forward before 2002 and significant SWM <br />trunk work is necessary, then the current amount of levy annually available <br />will have to go towards a long term bond which will leave nearly zero funds <br />available until around the year 2002. <br /> <br />Overall, this is a very difficult public improvement and financial situation, <br />but we are starting to make progress. Additionally, it is difficult to add more <br />expenses onto development projects, but any additional expense is clearly <br />justified and directly related to the benefit the developer receives. When <br />looking at the Ramsey, Otsego, Burnsville, Lakeville, and Lino Lakes <br />information from a few years ago, a large increase on our SWM impact fee is <br />not out of line. <br /> <br />s:\council\swmfee.doc <br /> <br /> <br />