August 19, 2024 Special City Council Meeting Video - Part 2

City of Montrose · August 20, 2024

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43:08

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43:08

Opening: 5% rate increase and stormwater maintenance forecast

Presentation

0:42 → 1:10(28s)

Staff member opened discussion of a proposed 5% rate increase (time window July to 08/14) and warned that every stormwater pond will eventually require dredging, estimating a dredging track/cost of about $2,030,000 and noting there are roughly 29 ponds.

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City of Montrose staff and council members reviewed preliminary 2025 budget figures and discussed proposed water/sewer rate increases, allocation of Local Government Allocation (LGA) funds among parks, capital and general uses, a proposed street levy and street-improvement funding, bond arbitrage timing for a 2021 bond, and park/trail maintenance and ADA playground costs. The meeting concluded with a 4-0 vote to adjourn.

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