6.0. SR 05-11-1998 - Laserfiche WebLink

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.y of MEMORANDUM TO: FROM: DATE: SUBJECT: Mayor & City Council Pat Klaers, City Administrator May 7, 1998 Joint Meeting with Utilities Commission The joint meeting between the City Council and Utilities Commission is an opportunity to get together and discuss issues which are common to both bodies. The Utilities Commission has essentially set this agenda for the joint meeting and has provided all of the background material. In response to the material provided by the Utilities General Manger, I offer the following comments: 4. East Elk River Proiect It should be noted with the smaller developer driven project, that about half of the sewer and water shortfall will eventually be collected by way of deferred assessments. There are over 300 acres of assessable property in the developer driven commercial project (excluding the industrial area) and in the developer driven residential project. The 1998 Patchin Appraisal indicates that these properties may benefit at a higher level than the 1996 figure of $6,000 per acre. If a higher level of assessment is approved by the City Council, then the trunk sewer and water shortage for both the small and large project goes down. Nonetheless, a shortage still exists and this emphasizes the need for a redevelopment TIF project at the Hohlen Mobile Home Park area. Funds from such a TIF District would benefit both the water utility and sewer utility components of the project and it is anticipated that sufficient funds would be available to also assist the electric utility component of the project. All of this is in addition to TIF assistance being provided to the developer in order to create a 'qevel playing field" for the developer. In order to address the water shortage, reference was made to connection and rate increases. In light of the most recent water 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425