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ARDEN HILLS CITY COUNCIL WORK SESSION—JUNE 15, 2020 6 C. 2021-2025 Capital Improvement Plan (CIP) Update Finance Director Bauman stated annually, the City prepares a five (5) year Capital Improvement Plan for budgeting and forecasting. The focus of the CIP is on the maintenance and protection of the City's existing assets, redevelopment, and investment in new initiatives. The CIP is part of the budget process, but it is not a budget, it is a plan, and one that changes often. The CIP does not commit the council to the proposed projects, nor implement the assumptions made during the preparation; however, this is the basis for the 2021 Budget as we continue with its preparation. The city has a finite amount of resources, so prioritizing and then being able to finance projects is crucial for ensuring the city's long-term sustainability and being responsible stewards of the city's investments. Staff has been working on completing a comprehensive study of the City's current and future needs for infrastructure projects to better estimate project costs and ensure more accurate forecasting of available fund balances. Staff reviewed the updated CIP with the Council and requested feedback. Mayor Grant questioned who pushed back the Linde's roundabout. Public Works Director/City Engineer Blomstrom explained the City proposed to push this project back. Mayor Grant asked how many miles of street the City was responsible for. Public Works Director/City Engineer Blomstrom stated the City had 57 miles of street. He noted a portion of these roadways were designated Minnesota State Aid streets. Mayor Grant stated he did not support the current plan for the City's streets. He discussed how hard the City would have to work in order to replace its streets under the current plan. He feared that any overages or contingency spending would offset the proposed CIP. He commented on the proposed 2021 levy increase. Finance Director Bauman commented the proposed levy amount was the same as the amount levied in 2020. Councilmember Holden stated she would like to better understand what streets need to be replaced, versus reclaimed versus milled and overlaid. She requested staff review the significant changes within the CIP. Finance Director Bauman reviewed the significant changes within the CIP with the Council. The expense for the Lexington Avenue improvements was discussed. Councilmember Holden asked how much of the Karth Lake pump would be covered by the lake association. Finance Director Bauman discussed the expense for the pump.