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Storm Pond MaintenanceSurface ...................................................................................................................................................................._.................................................................................................................._.................................................. Water Mgmt $100,000 Shorewood Drive drainage improvements ...................._............................................. Surface Water Mgmt $50,000 Replace 2010 Bobcat Toolcat ...................................................................................................................................................................._.................................................................................................................._.................................................. Equip/Bldg Replacement $40,000 Replace 2012 F-350 TruckEquip/Bldg ...................................................................................................................................................................._.................................................................................................................._.................................................. Replacement $48,000 Replace 2010 F7350 Truck EquipBldg Replacement ............................ $46,000 ................................................... Enterprise Funds The City has four enterprise funds that finance business -type activities. A rate study was completed in 2018 for the Water, Sewer and Surface Water Management funds. The recommended rate increases are reflected in the revenue budgets and will be included on the 2020 Fee Schedule for the City. The proposed increases are as follows: Water — 3%; Sewer — 6.5%; Storm — 3%. The drinking water service connection fee enforced by the State is being increased from $1.59 to $2.43 per quarter. Below is a comparison of utility fees for 2019 and 2020 based on proposed rates and for a household using 9,000 gallons per quarter with a3/4" meter size or smaller. 2019 2020 Water 70.79 73.74 Sewer 102.57 109.27 Storm 15.16 15.61 TOTAL 188.52 198.62 Property Values, Taxes and Tax Rates According to information provided by Ramsey County, the median home value in Arden Hills will increase from $346,900 for 2019 taxes to $372,400 for 2020 taxes, an increase of 7.4%, which is less than the countywide average of 8.3%. The annual impact of a 5% City levy increase to a residential homes is as follows (City tax amount only): Set levy at $4,135,340 (an increase of $196,920 or 5.0% over 2019) The 2019 City Tax Rate is 25.555%. The estimated City tax rate based on the most current information with a 5% levy increase is 25.176%.