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."~~/ <br />Elk River <br />Municip al Utilitie s <br />13069 Orono Parkway <br />Elk River, MN 55330 <br />July 5, 2006 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />John Dietz <br />James Tralle <br />From: Bryan Adams, P.E. <br />Subject: Co Rd 40 Road & Water Project <br />phone: 763.441.2020 <br />Fax 763.441.8099 <br />Attached is my memo dated April 4, 2006, concerning this issue. Due to material cost <br />increasing, the cost of installing this 11,300 foot of trunk water main could approach <br />$800,000 instead of the $565,000 as listed in my memo. The issue is who should finance <br />this project, the City who collects the truck fees or the Utilities who collect the WAC fees <br />and set water rates. In discussion with Lori Johnson, City Administrator, she indicated <br />the City will pay for the cost of this trunk water line. The remaining question is will <br />there be interest payments assessed to the Utilities. We will update you further at our <br />commission meeting. <br />