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HomeMy WebLinkAbout01-03 RESOLUTION 01-03 A RESOLUTION ADOPTING STORM WATER TRUNK FEES MOTION BY:PETERSEN SECOND BY: ZlESKA WHEREAS, development within the City requires the construction of storm water improvements, and WHEREAS, trunk facilities related to the construction of these storm water improvements are required by the City and have been funded in the past by the City, and WHEREAS, a study has been completed which projects the cost of future trunk facilities, and recommends the Trunk Area fees necessary to pay for these facilities which will be charged to future development, and WHEREAS, the study concludes that differing rates shall apply to different land uses depending on the amount of impervious land surface, and WHEREAS, it is the City Council's desire to have a fair and equitable funding mechanism for these storm water trunk facility improvements and this study confirms the appropriateness of the Trunk Area Fees. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA, 1. That the recitals set forth above are incorporated at this point as findings of fact. 2. That a Storm Water Trunk Fee is hereby adopted at rates of $2,943 per acre for Iow and medium density residential (R1, R2 and R3), $4,656 per acre for high density residential (R4) and $6,092 per acre for commercial land use (C1-C5 and I1) applied to all developments henceforth. 3. The City Manager is directed to incorporate these fees, effective upOn passage and publication in the 2001 Fee Schedule. 4. The fees will be adjusted for the future years based upon the Construction Cost Index for the most recent twelve-month period. Passed and adopted this 8th day of January, 2001. YES NO Mader X Mader Ericson X Ericson Gundlach X Gundlach Petersen X Petersen Zieska ~X~L {Seal} Frank ~o~s,~y IV~nager I~~~ENC~iNl:.;~.~9.(El.\01~t(P~cl~ke,~esota 55372-1714 / Ph. (6].2) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER