6.4. SR 11-25-2002TO:
FROM:
DATE:
SUBJECT:
Item 6.4.
MEMORANDUM
Mayor and City Council
Lori Johnson, Finance Director
November 25, 2002
Consider Financial Management Plan Recommended Action -
Establish Storm Sewer Improvement District
The Financial Management Plan approved in January 2002 includes an action item to set up
a Storm Sewer Improvement District to finance activities under the Surface Water
Management Plan. The District will be set up under Minnesota Statutes ~444.17 - ~444.21.
In order to establish this District, the City Council must hold a public hearing prior to
adoption of the ordinance establishing the District. The Council is asked to call a public
hearing for January 13, 2003, to receive public input on the establishment of the Storm
Sewer Improvement District. The establishment of this District simply allows for a financing
mechanism in which to finance the construction and maintenance of the City's storm sewer
system. It is not anticipated that any additional taxes will be levied in the immediate future
under this taxing District. If the Council does choose to utilize this District for funding new
projects, public input must be received and considered prior to the Council undertaking such
a project and levying a storm sewer tax.
Action Requested
The City Council is asked to call a public hearing for January 13, 2003, to consider the
establishment of a Storm Sewer Improvement District pursuant to Minnesota Statutes
2444.17 - 2444.21.
S~ Coundl/ Lwri/ S tormSw'lmprmntDistdct