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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />~ <br />EN HILLS <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 22, 2003 <br /> <br />Agenda Item 5.A. <br /> <br />TO: <br /> <br />Mayor and Council <br />Michelle Wolfe, City Administrator Q <br /> <br />Aaron Parrish, Director of Community Services ~ <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Resolution No. 03-60 Establishing the Karth Lake Improvement <br />District and Adopting Board Bylaws <br /> <br />ENCLOSURES: <br /> <br />1. Resolution No. 03.60 Establishing the Karth Lake Improvement <br />District and Adopting Board Bylaws <br />2. September 9, 2003 Letter to Karth Lake Residents <br />3. Karth Lake Pumping Project Tax Analysis: Parcel Specific <br />Estimates <br /> <br />Overview <br /> <br />Resolution #03-55 ordered the creation ofthe Karth Lake Improvetnent District and set a public <br />hearing fot approval of the District. Subsequent to this direction, the following has occurred: <br /> <br />1. The necessary documents were sent to the DNR for its review. No substantive comments <br />have been received to date. However, the deadline for comments is September 29th, so if <br />additional feedback is received it will be provided at the meeting. <br />2. A letter notifying affected property owners of the hearing date was sent on September 9th, <br />2003. This is enclosed for your review. <br />3. Bids were solicited and received for the project. As the City Engineer's memo for item 5.B. <br />indicates, bids were higher than anticipated. Originally, it was estimated that the project <br />would cost approximately $70,000. The bid indicates that the project cost will be <br />approximately $98,700 (includes engineering expenses). <br /> <br />As indicated in the letter sent to residents and at the Council's previous Work Session, the <br />approach to financing project will be slightly different. Instead of adopting a uniform <br />assessment of all properties, it will be necessary to levy taxes to each property within the Karth <br />Lake Improvement District. The estimated impact to specific properties is outlined on Enclosure <br />#3: Karth Lake Pumping Project Tax Analysis. To recover expenses associated with the <br />