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CIP 2023-2027 <br />Projects included in the 2023 Proposed Budget and CIP are as follows: <br />Project <br />Fund Source <br />Amount <br />City Hall Maintenance ........................................................................................ <br />Equip/Bldg Re Replacement <br />p .............................._.................................................. <br />$50,000 <br />Arden Manor Park Improvements ................................................................................................................................................................... <br />PIR/Grant <br />$239,700 <br />_.................................................. <br />Floral Park Hard Court Reconstruction <br />PIR <br />$426,000 <br />........................................................................................................................................................................................................................................................................................_.................................................. <br />Floral Park Shelter Roof Replacements <br />PIR <br />$30 000 <br />Floral Park Playground Structure Replacement <br />....... ........ ........ ........ ........ .._..... <br />PIR <br />........ .......... <br />$150,000 <br />Perry Park Roof Maintenance <br />........ ......... ......... ......... ......... ...._ <br />PIR <br />.... ......... .......... <br />$30,000 <br />....... ........ ........ ......... ......... <br />MVHS Trail Improvements ............................................ <br />........ ........ ........ ........ ........ ......._. <br />PIR/County/Grant <br />... <br />$850,000 <br />LJFD Capital Items .. <br />Public Safety Capital <br />........ ... <br />$39,770 <br />Lift Station Rehab <br />........................................................................................................................................................................................................................................................................................ <br />Sewer <br />$300,000 <br />_.................................................. <br />Rehabilitation <br />Sewer Lining/Rehabilitation <br />................................................................................................................................................................................................................................................................................._............................... <br />Sewer <br />$415 000 <br />� ................. <br />Old Snelling/CR E Intersection Imp <br />PIR/Utilities/State Aid <br />$757 000 <br />Karth Lake Retaining Wall <br />Surface Water <br />........ ......... ......... ......... ...._ <br />...rovements <br />............. <br />$100,000 <br />.... ......... .......... <br />Storm Sewer Structure Rehabilitation <br />Surface Water <br />$80,000 <br />........................................................................................................................................................................................................................................................................................_.................................................. <br />Water Meter Replacement ..........................................................................................................................................................................................._.................................................. <br />Water <br />$25,000 <br />Replace 2014 Bobcat Toolcat #453 <br />..... ........ ........ ......... ..........._ <br />Equip/Bldg Replace/Trade In <br />$75,000 <br />Replace 2012 Int'l Plow Wing Truck #115 <br />Equip/Bldg Replacement <br />$120,000 <br />Replace F 450 Truck #211 <br />.... ....... ......... ......... <br />Equip/Bldg Replace/Trade In <br />......... ..._ <br />$140 000 <br />..... ......... .......... <br />Enterprise Funds <br />The City has four enterprise funds that finance business -type activities. A rate study was completed in <br />2018 for the Water, Sewer and Surface Water Management funds. The recommended rate increases are <br />reflected in the revenue budgets and will be included on the 2023 Fee Schedule for the City. The <br />proposed increases are as follows: Water — 0%; Sewer — 4%; Storm — 0%. Below is a comparison of <br />utility fees for 2022 and 2023 based on proposed rates and for a household using 9,000 gallons per <br />quarter with a 3/4" meter size or smaller. <br />2022 <br />2023 <br />Water <br />79.16 <br />79.16 <br />Sewer <br />120.47 <br />125.31 <br />Storm <br />16.56 <br />16.56 <br />TOTAL <br />216.19 <br />221.03 <br />Property Values, Taxes and Tax Rates <br />According to information provided by Ramsey County, the median home value in Arden Hills will <br />increase from $384,600 for 2022 taxes to $443,550 for 2023 taxes, an increase of 15.33%. The annual <br />impact of a 7.0% City levy increase to a residential homes is as follows (City tax amount only): <br />Page 3 of 5 <br />