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Flood Sales Tax Committee—October 1, 2018 2 <br />MOTION, passed Mr. Olson moved and Mr. Montplaisir seconded to approve the additional cost share request for the City of Mapleton Levee Recertification Project in the amount of $30,323. On roll call <br />vote, the motion carried unanimously. 6. COUNTY FLOOD SALES TAX PROJECT ALLOCATION Mr. Steen said the Diversion Authority is in the process of updating their project financing model, and they have requested a decision from Cass County on when <br />more of the county flood sales tax will be appropriated for the diversion project. Mr. Montplaisir said originally, the county flood sales tax raised approximately 9% more funds than Fargo. As a result, the county kept 9% of the flood sales tax proceeds to fund rural projects. Fargo has since added additional tax for the project <br />and now contributes more than the county. Mr. Steen said options to consider in reducing what the county keeps for projects include immediately reducing the percentage; or letting the fund balance reach a certain cap amount before reducing or eliminating the percentage. Mr. Steen <br />believes once the percentage has been reduced or eliminated the county should not expect to ever go back to retaining a higher percentage. Mr. Olson said while he understands the importance of and supports the diversion project, he is not in favor of eliminating the appropriations for rural projects <br />altogether, and he believes the county should proceed cautiously with drawing back. Mr. Benson said alternatively, it would not be favorable for the fund to grow to a very large balance while there are no longer any viable projects to fund, causing <br />the funds to go unused. Mr. Steen said perhaps Mr. Benson can work with Mr. Wilson, Moore Engineering, and the Water Resource Districts to come up with a list of projects with estimated <br />costs that may come forth in the next several years. Once a better idea of <br />forthcoming projects is known, a cap can be set for the fund balance to reach before releasing a higher percentage of funds to the Diversion Authority. Mr. Montplaisir distributed a handout comparing the Flood Sales Tax Fund balance <br />if 5%, 6%, or 9% of the funds were retained by the county for projects. Mr. <br />Montplaisir is in favor of keeping 6% of tax proceeds, once a cap has been reached on the unencumbered fund balance. Mr. Montplaisir said the county made a commitment to the rural areas for flood <br />protection and there are still needs out there to be met. <br /> Mr. Steen said the Diversion Authority needs a decision on the matter before the end of the year. <br />7. DAVENPORT FLOOD RISK REDUCTION PROJECT <br />Engineer Mike Opat was present to discuss the Davenport Flood Risk Reduction