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CCP 11-16-1992
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CCP 11-16-1992
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<br /> NOV 16 '92 02:49PM EHLERS & RS50CIRTES P.2 <br />! <br /> Ehlers and Associates,lnc. <br /> LEADERS IN PUBLIC FINANCE <br />. <br /> Novemi)er 16, 1992 <br /> Dorothy Person <br /> City Administrator <br /> City Hall <br /> Arden Hills, ~~ 55112 <br /> Re: Storm Water Financing; Options <br /> This will follow the P1aruling Session held at City ~ll on <br /> Novemher 12. <br /> As we understand the consideration of options, the City is <br /> in need of a method of raising dollars for certain storm <br /> sewer problems that are and have been arising. The basic <br /> options available to Minnesota cities for accessing fUnds <br />. to deal with storm sewer projects include: <br /> (1) Special Assessments against properties specially <br /> benefi tted by the improvements (M.S. Chapter 429). <br /> Storm sewer is an especially difficult type of project <br /> to assess because drainage is often seen as someone <br /> else's problem or fault. <br /> An advantage of the special assessment method is that <br /> tax exempt properties do participate (if specially <br /> benefitted) where they do not for an ad valorem tax. <br /> (2) Storm Sewer Improvement District(s) (M.S. Section 444.16 <br /> through 444.21). <br /> The funds for storm sewer improvements for a stonn sewer <br /> district arc raised through an ad valorem property tax <br /> after required hearings. <br /> A disadvantage of this method may be seen in relating the <br /> stoT1n Sewer problems to the value of each property and <br /> no dollars being generated from tax exempt properties. <br /> An advantage might be that an ad valorem tax is deductible <br />. for state and federal income tax purposes ,and that it is <br /> not neces~ary for the City to show benefit. <br /> OFFICES IN MINNEAPOLIS. MN . BROOKFIELD, WI . JAMESTOWN, NO <br /> 2950 Norw.st Center. 90 South Seventh Slree! . Minneapolis, MN 55402.4100.612.339-8291' FAX 612-339-0854 <br />
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