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• <br />MINUTES OF THE <br />ORONO CITY COUNCIL MEETING <br />May 29, 2001 <br />(Water Surface Management Plan, Continued) <br />Budelis stated the water restoration projects will in large part be funded by the DNR, the <br />Metropolitan Council, and the Minnehaha Watershed District. <br />Kellogg inquired which items would be funded by the stormwater utility. <br />Budelis stated the swamp implementation strategies and priority projects in developed areas. <br />Gaffron stated the City can expect to generate fees from new development in the two acre zone <br />at $5,000 per lot and townhomes at $1,200, which would be approximately $200,000 if twem-�- <br />new lots are developed per year. <br />Budelis stated some of the projects would be funded by other agencies and grants. Budelis shred <br />they will be looking at the utility fee in the near future to determine what an appropriate fee <br />would be for this area. <br />The City Council directed City Staff to schedule a work session for Tuesday, June 19'h, at 8:30 <br />a.m. <br />*( #12) BUDGET ADJUSTMENT FOR PURCHASE OF PARK BENCHES <br />• Flint moved, Nygard seconded, to approve a budget adjustment for the Park Dedication <br />Fund in the amount of $2,520 for the purchase of six park benches. VOTE: Ayes 5, NaN s 0. <br />*( #13) BUDGET ADJUSTMENT FOR DOCK PURCHASE <br />Flint moved, Nygard seconded, to approve a budget adjustment from $5,000 to $5,380 for <br />the 2001 Parks Capital Outlay Budget for the purchase of two roll in docks. <br />VOTE: Ayes 5, Nays 0. <br />Items 14 through 17 follow Item 18. <br />CITY ADMINISTRATOR'S REPORT <br />( #18) ORONO WOODS SENIOR HOUSING PROJECT FINANCIAL PACKAGE - <br />RESOLUTION NOS. 4658 and 4659 <br />Moorse stated the City needs to vote on resolutions approving the development plan and TIF plan <br />for the Orono Woods Senior Housing Project, approving the Housing Program, and approving the <br />issuance of housing revenue bonds. Moorse indicated a public hearing was held on May 14' <br />regarding the establishment of Tax Increment Financing District No. 1, Adoption of the Housing <br />Program, and TEFRA hearing on the issuance of housing revenue bonds. Moorse stated since <br />. only three members of the Council were present at that hearing, approval of the resolutions «as <br />tabled until the May 29`h meeting. <br />PAGE 23 <br />