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03-52CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2003-52 RESOLUTION ESTABLISHING STORM WATER FEE FOR THE SUB DISTRICT OF THE EAST COMMERCIAL AREA OF THE NORTH MISSISSIPPI WATERSHED AND APPROVING CHARGES TO SPECIFIC PROPERTIES WHEREAS, the Otsego City Council has held a public hearing on April 24 regarding fees for storm water improvements in conjunction with the extension of 88`h Street; and WHEREAS, the two properties to be charged at this time, the Bank of Elk River and Christ Lutheran Church provided comment; and WHEREAS, the City Engineer provided information to the City Council regarding the proposed charges, their basis, and options for the Council to consider. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Otsego, Wright County, Minnesota as follows: 1. That the Council hereby adopts a per acre storm water charge for all properties or portions of properties lying within the defined Sub District of the East Commercial Area of the North Mississippi Watershed District of $5,031.25 per acre, based upon the Engineer's memo to the City Council dated October 10, 2002 and additional information provided. 2. That Christ Lutheran Church provided a drainage easement above and beyond the typical easements conveyed by it and the adjoining property for the project. In consideration of this additional easement, Christ Lutheran Church is to be provided with a one time credit in the amount of $16,800.00, to be paid by City to Christ Lutheran. 3. That based upon the per acre calculations above, the Bank of Elk River is charged with a storm water fee for that portion of its property lying within the sub -district in the amount of $12,578.00. Christ Lutheran Church is charged with a storm water fee for that portion of its property lying within the sub -district in the amount of $12,578.00. 4. That charges actually to be paid at this time as set forth in No. 3 above, shall be paid out over a period of 5 years at an annual interest rate of 6%. 5. That other properties or portions of properties lying within the defined Sub District of the East Commercial Area of the North Mississippi Watershed District shall be charged at the rate of $5,031.25 per acre, upon development of the property, subject to further adjustment. ADOPTED this 9 7 tAay of May, 2003 by the City Council of the City of Otsego, Wright County, Minnesota. IN FAVOR: Mayor Fournier, Councilmembers : Vern Heidner, Virginia Wendel, Jerry Struthers and Dan Scharber OPPOSED: Ninra H �MAE= Q��I City Clerk 2 CITY OF OTSEGO arry Fournier, Mayor