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Memo to Mayor and Council <br />September 22, 2003 <br />Page 2 of 2 <br />pumping, it is estimated that taxes would need to be levied over a three year period of time. <br />Since preliminary levies have already been set and certified to the County, this would begin with <br />taxes payable for 2005. While a range exists, the average cost per home is estimated at $1237 <br />over a three year period of time. <br />If the District is approved, it will also be necessary for the Council to appoint a Board of <br />Directors in the near future. <br />Requested Action <br />1. Consider approval of Resolution No. 03-60 Establishing the Karth Lake Improvement <br />District and Adopting Board Bylaws. <br />C7 <br />