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07-22-24-SWS
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07-22-24-SWS
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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION—JULY 22, 2024 3 <br /> Councilmember Rousseau supported this item coming back to the Council on the Consent <br /> Agenda. <br /> Councilmember Holden recommended this item come back to the Council with a presentation <br /> from Kimley Horn or that staff be allowed to address questions. She explained if the AUAR were <br /> to come to the Council on the Consent Agenda, she would pull it. <br /> Mayor Grant suggested the AUAR then be placed under New Business. <br /> City Administrator Perrault noted it was out of scope for Kimley Horn to come to another <br /> meeting and it would be an additional charge. <br /> Councilmember Monson supported the AUAR being under New Business with representatives <br /> from Kimley Horn in attendance to address questions. <br /> B. 2025-2029 CIP Discussion <br /> Finance Director Yang stated annually, the City prepares a five (5) 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 2025 Budget as we continue with its preparation. <br /> The city has a finite amount of resources, so prioritizing and then being able to finance projects is <br /> crucial for ensuring the city's long-term sustainability and being responsible stewards of the city's <br /> investments. Staff has been working on completing a comprehensive study of the City's current <br /> and future needs for infrastructure projects to better estimate project costs and ensure more <br /> accurate forecasting of available fund balances. Staff commented further on the CIP, noting <br /> changes from the prior year CIP and requested direction from the Council on how to proceed. <br /> Councilmember Holden asked if staff had information on the Lake Johanna Fire Department's <br /> 2025 budget. <br /> Councilmember Monson reported the Fire Board just had their first look at the 2025 budget on <br /> Wednesday of last week for the Lake Johanna Fire Department. She did not anticipate there <br /> would be a huge increase from 2024 to 2025. <br /> Councilmember Rousseau questioned how much funding was put aside in EDA funding on a <br /> yearly basis. <br /> Finance Director Yang stated the City put $100,000 towards the EDA each year. <br /> The Council supported the EDAC reviewing or considering gateway signs in the City to see how <br /> much funding would be needed in 2025. <br /> Councilmember Rousseau stated she would be curious to learn what other cities were doing <br /> with their EDA funds. <br /> Finance Director Yang explained she could investigate this further. <br />
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