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ARDEN HILLS CITY COUNCIL WORK SESSION — JULY 19, 2021 3 <br />Mr. Morast reported the City could not set the speed limit to 25 miles per hour on MSA streets <br />but could request a speed study from MNDOT. <br />Mayor Grant explained the City has received complaints regarding over the years. He discussed <br />how the City was turning over and believed it would benefit the City to lower the residential speed <br />limit to 25 miles per hour. <br />Councilmember Scott reported he supported the reduction to 25 miles per hour. <br />Councilmember McClung indicated there were a lot of cars in his neighborhood going more <br />than 35 miles per hour. He stated he supported a reduction citywide to 25 miles per hour. <br />Councilmember Holden recommended the matter be reviewed by the Planning Commission and <br />a public hearing be held. <br />Councilmember Holmes suggested a public forum be held versus a public hearing at a Planning <br />Commission meeting. She questioned how the city of St. Anthony addressed this topic. <br />Mr. Morast explained St. Anthony held a public hearing at a City Council meeting and then took <br />action on the matter. <br />Councilmember Holmes recommended the City Council learn more about the cost of making <br />this change prior to moving this matter forward. <br />The Council supported holding a public hearing for the change in speed limit at the Planning <br />Commission and City Council. The Council requested staff report back on pricing for the project <br />via the Admin Update. <br />C. CIP Budget <br />Finance Director Bauman stated annually, the City prepares a five year Capital Improvement <br />Plan for budgeting and forecasting. The focus of the CIP is on the maintenance and protection of <br />the City's existing assets, redevelopment, and investment in new initiatives. The CIP is part of the <br />budget process, but it is not a budget, it is a plan, and one that changes often. The CIP does not <br />commit the council to the proposed projects, nor implement the assumptions made during the <br />preparation; however, this is the basis for the 2022 Budget as we continue with its preparation. <br />Finance Director Bauman reported the City has a finite number of resources, so prioritizing and <br />then being able to finance projects is crucial for ensuring the city's long-term sustainability and <br />being responsible stewards of the city's investments. Staff has been working on completing a <br />comprehensive study of the City's current and future needs for infrastructure projects to better <br />estimate project costs and ensure more accurate forecasting of available fund balances. <br />Finance Director Bauman reported a preliminary plan has been prepared and includes a <br />summary of projects, detailed project sheets, sources of funds, and estimated fund balances (since <br />the operating budgets have not yet been completed, these fund balances are estimated operating <br />costs). Information is included on street and park projects going out ten (10) years even though <br />