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I I I Council Meeting Minutes June 27, 1995 Page 4 Council Business. continued Dave Mol, Tautges, Redpath and Co., said the audit of the City's 1994 financial statements has been completed. The auditors found New Brighton to be financially strong and sound financial management resulted in a favorable position to deal with funding level changes. This is evidenced by the reserve balances the City maintains with the general fund, closed bond funds and environmental restoration fund. The City experienced solid property tax and special assessment collection rates. Also, the City received a $7.6 million settlement pursuant to the U.S. Army agreement. The City was awarded the Government Finance Officers Association's certificate of achievement in financial reporting; and the Distinguished Budget Presentation Award for the 1994 Annual Budget. Council thanked the financial staff for their excellent performance. Motion by Larson, seconded by Williams, to ACCEPT THE 1994 ANNUAL FINANCIAL REPORT. 5 Ayes - 0 Nayes, Motion Carried. City Manager Matthew Fulton presented modifications to ponding areas within the Innsbruck Park Estates Addition. On June 12, Council considered a request by Harstad Homes for modifying the ponds and the stormwater drainage pattern. Staff worked with Ulteig Engineering (Harstad consultant) to review and redesign the stormwater system to accommodate both the developer needs to market specific parcels as well as satisfying storm water drainage requirements without creating potential for flooding. It was concluded that the drainage from Swale 2 can be diverted into the Pond 3/4. Harstad will expand and dredge the silt to accommodate these needs. The emergency overruns will be maintained, and the park trail will be modified. All final grades will be verified to ensure the plan volumes satisfy stormwater needs. Harstad will be responsible for costs associated with modifications to the stormwater management plan. Benke verified the proposal includes regrading Swale 2 to eliminate the steep banks. Gunderman asked the location of the safety net. Fulton said the final impact on the pond system will be diverted into the street and through the manhole. City Engineer Les Proper said any excess drainage would temporally run into the intersection of 27th Ave. and Innsbruck Dr. for a very short duration and drain into the retention basin in Freedom Park. Gunderman asked if a backup system is provided. Proper said that before drainage could reach a level which would run into adjacent homes, the drainage would flow over the curb into the intersection. If Pond 3/4 overflowed, drainage would flow along the trail and run over the surface into Pond 5 which has an emergency overflow to the street where there are numerous catch basins. Benke asked if ponding in the intersection could cause problems to adjacent homes on the north side. Proper said the catch basins would take care of drainage before entering these properties. Gunderman asked where Pond 5 would overflow to in Freedom Park. Proper said the water is taken into a pipe flowing across Silver Lake Road and into Freedom Park which has many acres of storage. Council Business 1994 Financial Report Report 95-114 Innsbruck Park Estates Ponding Agreement Report 95-115