Agenda - 05-04-2004-5l - Laserfiche WebLink

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Introduction Page 3 of 11 ~/ priority of master planning.. However, it would defer other program elements and activities to future years in accordance with the program master plan The key elements included in year one of the Manager's recommended program are: • A stormwater management program master plan would be developed to identify program activities in future years, and to establish an implementation schedule including associated resource needs and costs. • A comprehensive public education and participation plan would be developed to provide outreach services. • Existing stormwater management services would be continued and required new services would be provided. • A portion of the utility revenue would be reserved to establish a capital improvements project fund account (proposed at $60,000 in the first year). • A portion of the utility revenue would be reserved to establish an emergency fund account (proposed at $50,000 in the first yeaz), • A portion of the utility revenue would be reserved to establish a 10% fund balance for operational reserves and to meet Town accounting standards ($188,000 in the first year). • A portion of the utility revenue worrld be used to reimburse the General Fund for all costs associated with the development and establishment of the Llrility Attachment 4 provides a summary of these reimbursable casts to date, totaling approximately $402,000. • The utility would be charged for costs incurred by the Town for providing stormwater management services. Based on the Consultant's study, the Town's estimated annual billable cost for stormwater management is approximately $779,000. Attachment 5 provides a detailed summary of current General Fund costs that we believe should be paid by the stormwater Management Utility. The summary identifies and differentiates costs that are either partially billable or fully billable. A fee rate of $45.00 per Equivalent Rate Unit (ERU) per year would be implemented, based on an ERU area of 2000 square feet.. The first ERU would include 200-2000 square feet of impervious surface area, and there would be no cap on the number of ERUs per property. Each property owner would pay a fee based on the total square footage of impervious surface azea found on the property, divided by 2000 square feet, to determine the number of ERL7s present on the property.. The number of ERUs multiplied by the fee rate per ERU would yield the annual utility fee assessed to the property owner. Attachment 6 is a summary of the number of ERiJs (22,088) found on single-family and two-family residential properties in Chapel Hi1L The distribution of properties and associated ERUs shows that approximately 90% of properties would include three or less ERUs. This attachment also shows the number of ERUs by land use classification. A listing of property parcels within the proposed utility service area as of March 2003, http://townhalLtownofchapelhill.org/agendas/ca040426/7-Stormwater%20LJtility%204-26-._ 4/26/2004