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Economic Development Commission Minutes <br /> June 21, 2011 <br /> Page 4 <br /> 3) Explain how the money generated from the connection fees will be used <br /> The EDC felt that the main purpose of the connection fees should be used for system <br /> replacement needs. It was also suggested that some of the monthly service charges could <br /> be dedicated for system replacement needs. <br /> The EDC requested information on income and expenses for the water treatment system <br /> and projections for repair, expansion, or replacement of the system. The EDC requested <br /> to review the Rate Study which was done by Ehlers and the City's Audit showing the <br /> depreciation of the system. <br /> The EDC felt it was important that the City Council recognize that there is a significant <br /> need for a WAC/SAC policy. The EDC suggested that staff begin gathering information <br /> on why a policy is necessary and to get sample policies for the EDC to review. <br /> 4. Incentive Program <br /> It was suggested that prior to proceeding with an incentive program, a WAC/SAC <br /> Policy should be adopted by the City. <br /> 5. July EDC Meeting <br /> Chair Larsen stated that he would call a special meeting of the EDC for July 14, at <br /> 11:30 a.m. at City Hall for a presentation from TDS. <br /> Sheila Haverkamp requested to give a recap of the Manufacturer's event at the <br /> July 19th EDC meeting. <br /> 6. Adjournment <br /> The meeting was adjourned at 9:32 a.m. <br /> Respectfully submitted, <br /> ,____.,/ gc..." . <br /> ndy Peine <br /> City Clerk <br />