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AGENDA ITEM <br />3. Cost. By establishing the district the City of Orono does not incur any additional costs other than <br />the publication costs of the process. The city can offer to contribute to the cost of improving the bay if it <br />chooses to do so. The annual cost of the improvement actions in the bay is estimated to be $20,000 to <br />$30,000. . <br />4. Funding. The costs incurred by the District will be paid by a tax levied on property owners in the <br />district, and by grants that may be received. The Cities of Excelsior and Greenwood have contributed <br />toward the annual costs of the improvements to St Albans Bay <br />5. Staff Recommendation. I recommend that City Council hold the public hearing and determine if the <br />Carman Bay Lake Improvement District should be established. <br />COUNCIL ACTION REQUESTED <br />1. Motion to accept the Certified Petition for the establishment of the Carman Bay Lake <br />Improvement District. <br />2. Motion to approve the resolution establishing the Carman Bay Lake Improvement District. <br />3. Motion to appoint the Initial Board of Directors for the Carman Bay Lake Improvement <br />District.(see exhibit J) <br />OR <br />Motion to deny the establishment of the Carman Bay Lake Improvement District. <br />Exhibits <br />Exhibit A. Resolution Approving the Establishment of the CBLID with Attachments <br />Exhibit B. City Council Minutes of November 14, 2016 concerning Carman Bay LID. <br />Exhibit C. May 22, 2017 City Council Agenda Item on Carman Bay Lake Improvement District <br />Exhibit D. Carman Bay Lake Improvement District CBLID Petition <br />Exhibit E. City Administrator's Certification of the Carman Bay Lake Improvement District CBLID <br />Petition <br />Exhibit F. DNR Advisory Report on the Formation of the Carman Bay Lake Improvement District <br />in Orono, Hennepin County <br />Exhibit G. Benefits of Carman Bay LID <br />Exhibit H. Letters from the Lake Minnetonka Association, Lake Minnetonka Conservation District <br />and the City of Greenwood supporting the establishment of the Carman Bay Lake <br />Improvement District. <br />Exhibit I. Emails form Carman Bay residents supporting the establishment of the Carman Bay Lake <br />Improvement District. <br />Exhibit J. List of Candidates for the Initial Board of Directors for the CBLID <br />Prepared By: Nz Reviewed By: Nz Approved By: W, <br />