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Lake Martha Association MeetingSaturday, July 17, 2021 @ 3:00 P.M. Middle of Lake Martha Agenda Membership Welcoming Committee Report Introduction of New Residents Last Meeting Minutes- Nate Treasurer Report- Jim Grant Applications Update Latest GoFundMe Results Project & Dues Payments Curly Leaf Pond Weed and Algae Treatment Update Sewer Update if any Report from Committee Researching LID Other Committee Project Updates Additional New Business Pick Future Tentative Dates for Meetings Election of 2022-23 Officers Minutes
APPENDIX A – TREASURER REPORT
APPENDIX B - CMSSD SEWAGE MINUTES MARTHA / CHARLOTTECharlotte Martha Subordinate Service District Advisory Committee Meeting
4/19/2021 7 p.m. Meeting held via Microsoft Teams
ATTENDEES: Brian Asleson, Wright County Attorney’s Office Tammi Vaith, Wright County Finance and Taxpayer Services Lindsay Salo, Wright County Finance and Taxpayer Services Mary Wetter, Wright County Commissioner Steve Bot, City of St. Michael Greg Eckblad, Rockford Township Dorothy Brede Richard Dehmer Robin Kohn Jeff Kennedy Laura Baloun Keith Wettschreck Brian Asleson opened the meeting at 7 p.m. and started the discussion for the first action item of final estimates for the dollar amount of the proposed assessment. Lindsay Salo stated that Tammi Vaith hadreviewed the shortfall, calculated the estimated interest, and has two options for the committee.Option one would be a one-year assessment in the amount of $2,511. Option two would be $2,854spread over three years. Because this is based on a variable interest rate, the Finance Department would need to recalculate the amount before assessing the one-year option. They would monitor balances and recalculate periodically with the possibility of reducing or increasing the assessment if the three-year option is chosen. Tammi Vaith listed a few scenarios that could cause the amount to change: interest rate changes, number of people who choose to pay in full right away, late tax payments.
Discussion turned to future maintenance of the line and whether the assessment should include extra money for this purpose. Jeff Kennedy asked why a maintenance fund is needed; aren’t they paying a fee for this on their monthly bill. Greg Eckblad stated he called the Joint Powers and was told the fee is for grinder pumps and the lift station. Steve Bot added that it also included sewage treatment, but there is nothing for the sewer lines. Brian Asleson said there has been talk of sending any extra funds left to the City of St. Michael for future maintenance. The City doesn’t want to that because the line is outside of the city limits.
Several members of the committee stated that this meeting should deal with the shortfall and future maintenance should be handled separately. The committee agreed.
Discussion returned to the two options for the proposed assessment. The committee agreed thatresidents of the district should each choose whether they want the one- or three-year option. The Finance Staff will do a final calculation of the one-year amount in the fall. Residents choosing the three-year option will need to understand their amount could change over the course of the assessment due to the variable interest and other factors. The County will be responsible to get this information out to the residents in the sewer district.
Richard Dehmer noticed that the original bond was refinanced in 2010 and he didn’t see any credit for the expected interest savings and asked for someone to check into it.
ACTION ITEMS: 1. Brian Asleson will bring the recommendation of the committee to the County Board.
NEXT MEETING: To be determined |
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