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MAYOR <br />Barb Brancel <br />■JUL' 2 a '1993 .““S <br />Rob Daugherty <br />Daniel Lcsvii <br />Bruce Benson <br />CITY OF <br />SHOREWOOD <br />5755 COUNTRY CLUB ROAD • SHOREWOOD, MINNESOTA 55331*892? *-(6 2) 474-3236 <br />July 19, 1993 <br />Gene Strommen <br />LMCD <br />900 East Wayzata Dlvd <br />Wayzata, MN 55391 <br />Dear Gene: <br />Enclosed please find the legislative language limiting LMCD's <br />funding from all municipalities to .00242 percent of the total <br />taxable market value within the district unless three-fourths of <br />the municipalities pass a resolution concurring to the addition^.l <br />costs. .”his was provicJed to me by Representative Jerry <br />Knickerbocker. <br />The cost to the cities should clearly include all costs, both <br />administrative and Eurasian Water Milfoil Program costs. Based on <br />1993 market values this limit would be around $140,716. LMCD*s <br />total request from the cities is $166,500. Therefore, it appears <br />you should be preparing a resolution for at least three-fourths of <br />the cities to pass. If you can, please provide me with information <br />showing the request is less than .00242 percent of the taxable <br />market so we know we are following State Statute. <br />Thank you for your assistance in this matter. <br />Sincerely, <br />OF SHOREWOOD <br />J^fmes C. Hurm, <br />City Administrator <br />cc: Bob Rascop <br />Shorewood Mayor & Council members <br />Lake Administrators <br />A Residential Community on Lake Minnetonka's South Shore