HomeMy WebLinkAboutReport - Read Before Packet - 2/7/2017 - Power Point Slides - Agenda Item #19 - Boxelder Basin Regional Stormwater Authority2/7/2017
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Boxelder Basin Regional Stormwater Authority 1
2-7-2017
Boxelder Basin Regional Stormwater Authority
Second Reading of Ordinance No. 009, 2017
Appropriating Prior Year Reserves in the Storm
Drainage Fund for the Pre-payment of
2017 Fees for the City of Fort Collins Areas
within the Boxelder Basin Regional Stormwater
Authority.
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Agenda Item #19
2/7/2017
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Boxelder Basin Regional Stormwater Authority
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BBRSA asked member entities to
consider pre-payment of 2017 Fees
Needs:
• Water Augmentation plan for East Side
Detention Facility
• Contingency on final land acquisition costs
currently in mediation
• Potential cash flow shortages in 2017
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Prior to Pre-Payment:
• Agreement on Terms & Conditions
• BBRSA Board to provide invoice
Boxelder Basin Regional Stormwater Authority
Agreement Form to be determined
• Council may desire to develop an IGA specific to this
pre-payment.
2/7/2017
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Interest on the Pre-payment
• Minimal interest has been charged on
inter-governmental loans in the past.
• This appropriation remains within the
Stormwater Fund and therefore is not
considered an internal loan.
• If no agreement is reached for
prepayment, funds would be used for
the regular payment of fees next year.
Boxelder Basin Regional Stormwater Authority
Boxelder Basin Regional Stormwater Authority
Second Reading of Ordinance No. 009, 2017
Appropriating Prior Year Reserves in the Storm
Drainage Fund for the Pre-payment of
2017 Fees for the City of Fort Collins Areas
within the Boxelder Basin Regional Stormwater
Authority.
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