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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 211 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 />