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ARDEN HILLS CITY COUNCIL WORK SESSION—JULY 9, 2012 2 from the PIR to the Park Fund. She explained that park dedication fees are kept in the Park Fund and this fund can only be used for capital improvements, such as the Safe Routes to School and the Elmer L. Anderson trail projects. She stated that grants were received for those projects, but were not enough to cover the expenses. In order to do grant reporting, everything was kept in one fund, including the expenditures. Now there is a deficit and funds need to be transferred. Director of Finance and Administrative Services Iverson stated that another assumption was the transfer in the amount of$124,955 from the General Fund to the EDA Operating Fund for the Presbyterian Homes Conduit Debt Fee. The use of these funds for EDA activities and expenses has been discussed in previous meetings but the money has not yet transferred. Director of Finance and Administrative Services Iverson indicated that the transfers do not need to be made in 2012; however, she did use those as beginning numbers since they had been discussed at previous meetings. She said the transfers could be put on as a consent item at a future meeting and if the Council chooses, they can authorize staff to transfer the funds. The Council stated its general support for the proposed transfers. Director of Finance and Administrative Services Iverson discussed the EDA Operating Fund and the allocations and expenditures that were put into that fund. She noted that this fund is receiving excess increment as a result of the Round Lake TIF District; however,that will end once the district decertifies in 2015. Discussion ensued regarding the EDA Operating Fund. Director of Finance and Administrative Services Iverson talked about the water and sewer rates. She said that Surface Water Management needs to be analyzed because of continuing deficits in this fund starting in 2013. She indicated that the Finance Department, along with FPAC, will be working on a rate study and will bring this issue back to the Council for discussion at a later date. City Administrator Klaers stated that staff and Council need to have a discussion about priorities regarding upcoming public improvement projects. Staff should know how much the Council wants to do, how quickly the City should do it, and if it exceeds available funds, what are the alternatives. Mayor Grant said the roads are starting to deteriorate and he thinks the Council needs to start making some choices. Public Works Director Maurer indicated that the Public Works Department is going to try patching the delaminated areas and seal coating Arden Oaks Drive to see how it holds up to winter weather conditions and to snowplowing. If it seems to withstand the elements, they may propose to do more streets next year using this cost-effective method of street repair. Councilmember Holmes questioned whether the Valentine Park numbers are in the 2013 CIP. Director of Finance and Administrative Services Iverson stated that they are.