Laserfiche WebLink
Flood Diversion Board of Authority—September 12, 2014 4 <br />Initial negotiation meetings will begin this week with seven homeowners in Oxbow for <br />properties that are required for work in 2015. <br /> A quick-take process has begun on one agricultural parcel near Oxbow as the negotiation process was stalled and the parcel is needed this fall. <br /> <br />9. FINANCE UPDATE <br />Budget for FY2015 Cass County Auditor Michael Montplaisir said the Finance Committee reviewed the FY2015 budget during their meeting on September 10th. The main use of funds over the <br />next year will be for work in Oxbow and on the in-town levees. The main sources of <br />funds will be the sales tax in Cass County and the City of Fargo, appropriations through <br />the state, and loan advances. Mr. Pawluk said he heard a news report that North Dakota will have to pay $600 million; <br />Cass County residents will have to pay another $600 million; and the local share of the <br />diversion project will be funded with property taxes. Mr. Montplaisir said the diversion <br />financing plan has always been for a $1.8 billion project. The federal government will <br />contribute about $800 million, Minnesota will contribute $100 million, and the remaining $900 million will be split between local North Dakota sponsors and the state. The only <br />property tax component of the funding would come from a potential special assessment <br />district that would essentially act as a co-sign for bonds. The financing plan will ultimately <br />depend on how much federal appropriations are received and the final cost of the <br />project. <br />Mr. Montplaisir said diversion financing information can be found within diversion <br />financing documents on the diversion website. <br />MOTION, passed Mr. Pawluk moved and Mr. Bennett seconded to approve the FY2015 budget as presented. On roll call vote, the motion carried <br />unanimously. <br /> <br />Voucher approval <br />The bills for the month are for legal services with Erik Johnson & Associates and the cost share for digital map updates with the City of Fargo. <br />MOTION, passed <br />Ms. Otto moved and Mr. Thorstad seconded to approve the <br />vouchers for August 2014. On roll call vote, the motion carried unanimously. <br />10. NEXT MEETING DATE <br />The next meeting will be held on Thursday, October 9, 2014, at 3:30 PM. <br /> 11. ADJOURNMENT MOTION, passed <br />On motion by Ms. Sobolik, seconded by Mr. Bennett, and all voting <br />in favor, the meeting was adjourned at 4:04 PM. <br /> <br /> Minutes prepared by Brielle Edwards, Cass County Administrative Assistant