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HomeMy WebLinkAbout05(F) - Approve Update to Memorandum of Agreement with Prior Lake Spring Lake Watershed District Report ITEM: 5F CITY COUNCIL AGENDA REPORT MEETING DATE: May 15, 2023 PREPARED BY: Nick Monserud, Assistant Public Works Director PRESENTED BY: Nick Monserud AGENDA ITEM: Approve Update to Memorandum of Agreement with Prior Lake Spring Lake Watershed District RECOMMENDED ACTION: Approve an update to Memorandum of Agreement (MOA) with Prior Lake Spring Lake Watershed District (PLSLWD) regarding a stormwater management credit deficit for the Downtown South Reconstruction Project, Fish Point Road Phase 1 Reconstruction Projects and the Fish Point Phase 2 Reconstruction Project. BACKGROUND: As part of citywide street and utility reconstruction projects, the City is required to meet Prior Lake Spring Lake Watershed Districts Stormwater Management Rules. Their rules include the City providing water quality treatment for any hard surface that is disturbed during the reconstruction process. Reconstruction project areas generally lack space for additional water quality facilities within the project areas, as such, PLSLWD has worked with the City to establish a credit deficit system which in turn allows the City to provide stormwater management elsewhere in the City. The MOA was executed last year between the city and PLSLWD for the City’s stormwater deficit for the Downtown South and Fish Point Phase 1 project. The attached updated MOA adds the Fish Point Phase 2 reconstruction project. FINANCIAL IMPACT: No immediate financial impacts are present with signing this agreement. Funding in the amount of $950,000 was included in 2024 Water Quality Fund to complete a large stormwater management project which will provide credits to accommodate the City’s credit deficit outlined in the attached MOA, but it will also have a surplus of credits to be allocated to future reconstruction projects. We estimate that the credit surplus generated by this project will cover approximately 5 to 7 future reconstruction projects. The design for this project was recently authorized. ALTERNATIVES: 1. Motion and second to authorize the Mayor and City Manager to enter into an updated Memorandum of Agreement with Prior Lake Spring Lake Watershed District. ATTACHMENTS: 1. MOA Final City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372