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<br />. <br /> <br />significant monies from these vacant land owners and most of our revenue <br />will therefore need to be generated from the developed areas (homeowners, <br />business owners, etc.). <br /> <br />. <br /> <br />The Elk River Surface Water Management Program is composed of two parts: <br />one is the monthly bills to property owners, and the other is a <br />developerlbuilder fee. The monthly user fee will generate the vast majority of <br />our revenues, but the developerslbuilders must also pay into the system. The <br />developerslbuilders finance all of their internal improvements and the fee <br />that they pay the City goes toward the trunk system. Please see the attached <br />material from Terry Maurer on the developerlbuilder fee. Some of this <br />material has previously been distributed to the City Council. Regarding this <br />developerlbuilder fee, we are looking at rates on the order of $50 for non City <br />sewered and watered residential lots, $100 for urban residential lots, and <br />$600 per acre for non residential properties. It must be said that this $600 <br />per acre amount is low. For example, consider the Guardian Angels recent <br />proposal where they are constructing over one acre of hardsurface (building <br />roof and parking lot) and contributed the sum of $600 to the Surface Water <br />Management Program. The work at Main and Evans is estimated to cost <br />over $250,000 and this improvement project is needed based on the <br />development in this drainage area. The Council is encouraged to seriously <br />consider raising this developerlbuilder trunk fee, especially the non <br />residential rate. <br /> <br />Regarding the utility monthly fee, please see the attached material from the <br />Finance Director Lori Johnson. A number of options are offered for City <br />Council review. In order to finance the existing $1 million bonds, the City <br />needs to generate approximately $130,000 per year in revenue. If we are to <br />issue another $1 million in 1994 and another $1 million in 1995, the City will <br />need about $390,000 per year to meet our bond obligations. This does not <br />even take into consideration additional improvements to the County ditch <br />system. Clearly the City needs to generate funds to finance these needed <br />improvements, and the only source of funds is, again, the benefited property <br />owners, or the entire City. <br /> <br />The proposal as outlined by Lori excludes capturing any revenue from the <br />properties north of County Road 33. This is based on the ten acre zoning in <br />this part of the City. It is assumed that a house on a ten acre parcel should <br />be able to contain all of its water runoff on site. The fees as outlined by Lori <br />for south of County Road 33 are based on zoning and the status of the <br />development on the property. <br /> <br />. <br /> <br />Also attached for your review is a draft ordinance which approves the Surface <br />Water Management Program. This ordinance is provided by the City <br />Attorney Peter Beck. The fees established in this ordinance will be set by <br />