TITLE: Title
Discussion of Possible Establishment of a Stormwater Utility Enterprise Fund
PURPOSE: The purpose of this item is for the Board to discuss the possibility of establishing a stormwater utility enterprise fund to assist in expanding stormwater management services.
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DEPARTMENT: Manager's Office, Public Works Department, Planning, Zoning and Inspections Department
CONTACT INFORMATION: Nate Broman-Fulks: nbroman-fulks@townofcarrboro.org, Patricia McGuire: pmcguire@townofcarrboro.org, Randy Dodd: rdodd@townofcarrboro.org, JD Freeman: jfreeman@townofcarrboro.org,
INFORMATION: The Town has been analyzing different approaches to address stormwater challenges we are faced with today and into the future. This agenda item is presenting the option of establishing a stormwater utility enterprise fund. Establishing such a fund would allow the Town to increase and improve stormwater management efforts.
The report in Attachment A describes current stormwater management practices and outlines a potential enterprise fund, the services that could be provided through the creation of a stormwater utility enterprise fund, other important factors to be considered, and a potential plan for implementation.
The Town has decades of experience with stormwater management during which its land area has grown from less than one square mile to over six square miles and its population has increased from a few thousand residents to over twenty thousand. Significant portions of the land around the tributaries that flow into Bolin and Morgan creeks are largely developed. The Town has set high standards for development and level of service and maintains a strong commitment to environmental stewardship. Increased state and federal regulatory demands, increasingly complex stormwater management systems, and recent and projected variable and unpredictable storm events, however, compel consideration of this new approach.
Improved stormwater manag...
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