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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — NOVEMBER 28, 2022 3 costs would work. She understood the roundabout would be efficient, but she questioned if the roundabout was worth the double the expense that was budgeted. Mr. Mazzitello reported the majority of the expenses on the City's portion of this project could be paid for with MSA funds. Mayor Grant explained the City was in arrears on MSA funds. Councilmember Holden inquired if the County had another $1 million to fund this project. Mr. Mazzitello stated the County did have the funding in place for this project. Mayor Grant noted there was always the cost of leaving the intersection the same. Councilmember Holden indicated the City would still have to fix the sewer line. Councilmember Holmes questioned what the City would have to do to the 2023 budget in order to absorb an additional approximate $600,000 in project costs for the roundabout. Finance Director Bauman commented on how the PIR fund would have to absorb this expense until the City could receive another advance of MSA funds. Public Works Director/City Engineer Swearingen. He explained the only budgeted projects that would accept MSA funding were Lake Valentine Road in 2032, 2026 PMP, 2030 PMP and the Mounds View School trail in 2023. Councilmember Holmes asked again, how the City would pay for the overages on this project. Finance Director Bauman stated the City could hope to receive an advance on MSA funds. City Administrator Perrault explained the City could increase the levy or defer projects in order to cover the cost. Councilmember Holden questioned when the City could ask for additional MSA funding. Mr. Mazzitello explained deposits are made every April if MSA funds are available and a City is not in arrears. He noted City's can ask for up to three years in debt. Finance Director Bauman commented the City last received an advance in 2020. She anticipated the City could ask for an allocation at any point in time since it has been three years. A short discussion continued regarding MSA funding. Mayor Grant asked what the cost participation policy was for Right -of -Way costs. Mr. Mazzitello reported the cost split was 50150 for Right -of -Way costs.