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ARDEN HILLS CITY COUNCIL WORK SESSION — JULY 17, 2023 7 <br />City Administrator Perrault said State statute says they can't have a moratorium past that date. <br />Councilmember Fabel was in favor of a moratorium for as long as the law allows. <br />Councilmember Holden wondered if they could limit the zone where high potency marijuana is <br />sold also, and if they had to follow the same areas as low potency. <br />Community Development Director Jagoe said she didn't think they would have to limit it in the <br />same zoning districts. <br />City Administrator Perrault said they would have to pass those ordinances when it gets closer <br />to the January date. <br />Mayor Grant thought they should pass a moratorium through January 1, 2025. <br />Councilmember Rousseau agreed because the Office of Cannabis Management was not up and <br />running. <br />Mayor Grant directed staff to put it on the next available City Council meeting. <br />Deputy City Clerk Trauba clarified that the statute states Arden Hills has to allow at least one <br />high potency seller, but they can allow more if they choose to, or limit it to just one. <br />D. 2023 2" a Quarter Financials <br />Finance Director Bauman reviewed the memo and attachments regarding the second quarter <br />financial reports. <br />Councilmember Fabel asked how long Wells Fargo has been the City's bank. <br />Finance Director Bauman explained US Bank is the City's main bank, but there are a few <br />investments with Wells Fargo. The City has been investing with them for many years, but most <br />investments are with RBC and PMA. <br />Councilmember Fabel asked what money was being spent on TCAAP. <br />Finance Director Bauman said it was mostly for legal fees and portions of some staff salaries. <br />E. 2024 — 2028 Capital Improvement Plan (CIP) Discussion <br />Finance Director Bauman stated a five-year Capital Improvement Plan (CIP) was prepared <br />annually. The 2023-2027 CIP was a $17.4 million plan, the proposed 2024-2028 CIP is listed for <br />$27.5 million in expenditures. She reviewed the 2024 project expenses and changes from the prior <br />year. She explained that the City Hall Maintenance project was an ongoing placeholder for <br />maintenance and repairs in case anything significant come up. Part of the Hard Court <br />Rehabilitation costs are anticipated to be covered by a grant that will be applied for in 2024. The <br />