03-11-2002 Council Packet - Laserfiche WebLink

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L LAKE MINNETONKA CONSERVATION DISTRICT other savings, M worked out that significant overtime wasn't required. Breakdown of the project costs were as follows: • Hennepin County Share (50%)* $26,145 • LMCD Member Cities Share ((24%)- $12,551 (excludes City of Minnetonka) • LMCD "Save the Lake' Fund Share (26%)- $13,594 (includes City of Minnetonka which was made up by a special contribution to STL) The attached spreadsheet provides an overview of last year's voluntary contributions received from the 14 member cities showing a $30,0(X) budgeted share, the $24,000 actual payment, the $12,551 actual used, and the $11,449 overpayment. The estimate project cost for 2002 is $60,000, and the LMCD proposes the same funding formula as in 2001 ; • Hennepin County (50%) $30,000 • LMCD MemberCities (30%) $18,000 • LMCD Save the Lake Fund (20%) $12,000 The LMCD recommends that for 2002 the 13 contributing member cities direct their 2001 overpayment ($11,449) to be used against the costs for 2002 plus making a smaller additional payment of $6,551 for 2002 ($18,000 • $11,449 = $6,551). Therefore, the cities payments from their 2002 bu^t will be more than 75% less than their payments 2001 . One of the agreed upon goals of this project was that the funding formula which called for 30% contribution from the cities would be a temporary, two-year project, and that all efforts would be made to have funding come 100% from Hennepin County by 2003. We are working towards this goal. The events of Sept 11 and the potential budget shortfalls may complicate this goal. You will be updated on the future status of this project. We thank you for helping to make this program successful thus for, and welcome your comments. Please feel free to call me (952) 544-1100 or Greg Nybeck at the LMCD office if you have any questions. Sincerely, LAKE MINNETONKA CONSERVATION DISTRICT Albert 0. Foster LMCD Chairman End; Water Patrol Project Spreadsheet CC; Honorable Barbara Peterson- City of Orono Lili McMillan- LMCD Board- City of Orono I