PowerPoint Presentation - Minot... · 2017. 11. 7. · Title: PowerPoint Presentation Author: Cindy...
Transcript of PowerPoint Presentation - Minot... · 2017. 11. 7. · Title: PowerPoint Presentation Author: Cindy...
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Funding Received under North Dakota Century Code Section
57-51-15
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The funds received under § 57-51-15 have been used to finance infrastructure related to growth.
None of these funds have been deployed to flood recovery.
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Hub City Funding from Three Sources in Gross Production 5% Tax Distribution: ◦ 1. Mining Employment Formula
◦ 2. Energy Impact Grant Funding Infrastructure
Airport
◦ 3. Production Formula
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Legislative Estimated Amount = $1.5 million per fiscal year ◦ Received through February - $1.125 million
Formula base on percent of mining employment as determined by Job Service
Sanitary Lift Station Upgrades – Six Upgraded ◦ Lift Stations at Capacity Because of Minot’s Growth
◦ Total Project Cost - $11,949,916
◦ Provides added capacity until new trunk sewer line is constructed (total estimated cost $30 million)
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Amount Received - $5 million (Minot is capped at this amount for the biennium)
Southwest Sewer Improvements Phase I ◦ Installation of 24” Sewer Main
◦ Total Project Cost - $6,400,900
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Amount Received - $21,218,395
Total Project Costs - $100,075,161 ◦ Terminal $18,500,000
◦ SRE Building 163,395
◦ Furniture 100,000
◦ Terminal Apron 805,000
◦ Access Roads & Parking 1,650,000
$21,218,395
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Legislative Estimate Amount to be Received - $4.570 million
Amount Received To-date - $1,719,603.87
Total Project Costs – ◦ BNSF Sewer Relocation $1,670,597
◦ Puppy Dog Sewer Phase IV $3,372,610
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2014 Capital Improvements Plan ◦ Water & Sewer $ 32,824,408
◦ Street Improvements $ 21,787,346
◦ Airport $ 43,844,118
◦ Fire, Landfill, Cemetery, Other $ 29,921,471
$128,377,343
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Servicing a Population in excess of 50,000
Water & Sewer Rates1 ◦ Minot $66.73 ◦ Fargo $56.05 ◦ Mandan $55.09 ◦ Dickinson$54.00 ◦ Bismarck $47.96 ◦ Williston $33.47
South Minot – Retail, Residential, and New Hospital
North Minot – Retail, Residential, New School
Regional Service Area
City Goals: Keep Property Tax Reasonable, Debt Load Manageable, and Water and Sewer Rates Affordable
1SOURCE: AE2S Annual Water Rate Study 2013 – For Cities with population over 5,000
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Current debt bonded long-term for 10, 15, and 20 years
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$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2008 2009 2010 2011 2012 2013
Total Debt Per Capita
Total Debt Per Capita
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The funds received under § 57-51-15 have been used to finance infrastructure related to growth.
None of these funds have been deployed to flood recovery.
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