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Flood Sales Tax Committee—November 20, 2023 1 <br /> <br /> <br />FLOOD SALES TAX COMMITTEE <br />NOVEMBER 20, 2023— 1:00 PM <br />1. MEETING TO ORDER <br />Commissioner Mary Scherling called a meeting of the Flood Sales Tax Committee to order on Monday, <br />November 20, 2023, at 1:00 PM in the Commission Room of the Cass County Courthouse. The following <br />members were present: County Commissioner Mary Scherling, County Commissioner Duane Breitling, <br />County Administrator Robert Wilson, County Finance Director Brandy Madrigga, and County Engineer <br />Jason Benson. Also present was Assistant County Administrator Tracy Peters and Assistant County <br />Engineer Tom Soucy. <br /> <br />2. MINUTES APPROVED <br />MOTION, passed <br />Mr. Breitling moved and Mr. Wilson seconded that the minutes of the previous <br />meeting held on April 3, 2023, be approved as written. Motion carried. <br /> <br />3. FLOOD SALES TAX FUND UPDATE <br />Ms. Madrigga said the Flood Sales Tax Fund has $10.58 million in approved projects with $3.76 million <br />in encumbrances and $7.12 million unencumbered. She said projects being requested today total $4.4 <br />million. Mr. Breitling asked what the interest rate is on account of the flood sales tax funds are in. Ms. <br />Madrigga said the account is a sweep account through Wells Fargo which has a variable interest rate <br />that fluctuates with the market. She said recently, the interest rate has been around 4%. <br /> <br />4. STATUS OF PREVIOUSLY APPROVED PROJECTS <br />2017 Sheldon Addition Ring Levee Project <br />Kurt Lysne of Moore Engineering was present and said the Flood Sales Tax Committee approved a 75% <br />cost share for the Sheldon Addition Ring Levee Project. He said the project has been delayed due to the <br />project receiving clay material from the Metro Flood Diversion project. He said due to the delay in the <br />project, the estimated project cost has increased. My. Lysne said there will likely be a request at the <br />spring Flood Sales Tax Committee meeting to ask for additional funding for the project. He said the <br />request may be for the Flood Sales Tax Committee to fund up to 84% of the local cost share rather than <br />the approved 75% that was previously approved. Mrs. Scherling said this request would be outside of <br />the Flood Sales Tax policy, however, could be considered once the request has been made. Mrs. <br />Scherling asked if the project will be FEMA certified once it is complete. Mr. Lysne said this project is to <br />build up the road, there is nothing to certify. He said the flood plain map does not map the travel of water. <br /> <br />2020 Davenport Levee update <br />Mr. Lysne said the Davenport Levee is in the permitting phases. He said FEMA changed the mapping <br />and Davenport is working to get the conditional letter of map provision to remove the city from the flood <br />plain submitted to FEMA. He said since the original cost estimate, the project cost as increased and in <br />the future there will likely be a request from the Flood Sales tax Committee to increase the local cost <br />share from 75% to 81%. Mrs. Scherling asked if this project will be FEMA certified once it is complete. <br />Mr. Lysne said yes, the project is fully reviewed and approved by FEMA and will remove Davenport from <br />the flood plain. He said the project will likely start in 2024 or 2025. <br /> <br />Updated funding request for 2022 Elm River Dam <br />Lyndon Pease, Engineer for the Elm River Joint Water Resource District from Moore Engineering was <br />present and said in Apil 2022, the Flood Sales Tax Committee approved a two thirds cost share for <br />repairing Elm River Dams one and two since much of the water comes from Cass County. He said all