Funding Received under North Dakota Century Code Section 57-51-15 - - PowerPoint PPT Presentation

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Funding Received under North Dakota Century Code Section 57-51-15 - - PowerPoint PPT Presentation

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Funding Received under North Dakota Century Code Section 57-51-15 3/7/2014 1 The funds received under 57-51-15 have been used to finance infrastructure related to growth. None of these funds have been deployed to flood recovery.

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Funding Received under North Dakota Century Code Section 57-51-15

3/7/2014 1

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The funds received under § 57-51-15 have been used to finance infrastructure related to growth. None of these funds have been deployed to flood recovery.

3/7/2014 2

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 Hub City Funding from Three Sources in

Gross Production 5% Tax Distribution:

  • 1. Mining Employment Formula
  • 2. Energy Impact Grant Funding

 Infrastructure  Airport

  • 3. Production Formula

3/7/2014 3

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3/7/2014 4

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 Legislative Estimated Amount = $1.5 million

per fiscal year

  • Received through February - $1.125 million

 Formula base on percent of mining

employment as determined by Job Service

 Sanitary Lift Station Upgrades – Six Upgraded

  • Lift Stations at Capacity Because of Minot’s Growth
  • Total Project Cost - $11,949,916
  • Provides added capacity until new trunk sewer line

is constructed (total estimated cost $30 million)

3/7/2014 5

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3/7/2014 6

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 Amount Received - $5 million (Minot is

capped at this amount for the biennium)

 Southwest Sewer Improvements Phase I

  • Installation of 24” Sewer Main
  • Total Project Cost - $6,400,900

3/7/2014 7

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 Amount Received - $21,218,395  Total Project Costs - $100,075,161

  • Terminal

$18,500,000

  • SRE Building

163,395

  • Furniture

100,000

  • Terminal Apron

805,000

  • Access Roads & Parking

1,650,000 $21,218,395

3/7/2014 8

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 Legislative Estimate Amount to be Received -

$4.570 million

 Amount Received To-date - $1,719,603.87  Total Project Costs –

  • BNSF Sewer Relocation

$1,670,597

  • Puppy Dog Sewer Phase IV

$3,372,610

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 2014 Capital Improvements Plan

  • Water & Sewer

$ 32,824,408

  • Street Improvements

$ 21,787,346

  • Airport

$ 43,844,118

  • Fire, Landfill, Cemetery, Other

$ 29,921,471 $128,377,343

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 Servicing a Population in excess of 50,000  Water & Sewer Rates1

  • Minot

$66.73 73

  • Fargo

$56.05

  • Mandan $55.09
  • Dickinson$54.00
  • Bismarck $47.96
  • Williston $33.47

 South Minot – Retail, Residential, and New Hospital  North Minot – Retail, Residential, New School  Regional Service Area  City Goals: Keep Property Tax Reasonable, Debt Load

Manageable, and Water and Sewer Rates Affordable

1SOURCE: AE2S Annual Water Rate Study 2013 – For Cities with population over 5,000

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Curre rrent t debt bonded long-term term for 10, 15, and 20 years rs

3/7/2014 13 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 2008 2009 2010 2011 2012 2013

Total l Debt Per Capita

Total Debt Per Capita

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The funds received under § 57-51-15 have been used to finance infrastructure related to growth. None of these funds have been deployed to flood recovery.

3/7/2014 14