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V. Cost-Sharing Considerations <br />If an outlet for Mooney Lake is constructed, an appropriate financial strategy to fund the <br />construction, operation, and maintenance of the outlet facility will be needed. At the <br />■ April 2,1999 meeting with city staff &om the affected communities, several options for <br />allocating costs for the project were discussed. Each is described briefly below. <br />1. <br />2. <br />3. <br />4. <br />Watershed area. All or a portion of the cost of the project could be assigned to <br />the three communities that share the lake based on the proportion of the total <br />watershed area that lies within each community. <br />Equivalent runoff. Another option to allocate funding responsibility among the <br />three cities is based on the proportionate amount of nmofif each community <br />contributes to the lake for a standard runoff condition. The proportions are a <br />function of both the size of the watershed and the runoff characteristics of the land <br />use for the watershed within each community. <br />Assessed valuation. This option would base the funding responsibility for the <br />communities on the assessed value of the land within each city’s portion of the <br />watershed. <br />Watershed district funding. Under this scenario, the Minnehaha Creek <br />Watershed District would fund all or a portion of the project. <br />More detailed analysis of these and possibly other funding options will be completed if <br />there is sufficient interest in pursuing the construction of the project. <br />8 <br />I