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The Council approved revised stormwater assessment rates by a 4-1 vote, with Lance Smith opposed. The schedule lowers the initial annual assessment and phases in funding for flood mitigation, drainage improvements, land acquisition, and other stormwater infrastructure.
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Residents will be subject to a phased stormwater assessment intended to create a long-term funding source for drainage and flood-reduction projects. The approved schedule includes credits for developments that meet current stormwater standards and exemptions required by law, but the specific assessment amounts were not included in the minutes excerpt. The Council also approved an economic incentive agreement for a planned Monin manufacturing and distribution facility projected to involve approximately $111 million in investment and at least 100 initial jobs.
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