Laserfiche WebLink
HILLS <br /> Approved: October 14, 2024 <br /> CITY OF ARDEN HILLS, MINNESOTA <br /> CITY COUNCIL WORK SESSION <br /> SEPTEMBER 23, 2024 <br /> 5:30 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS <br /> CALL TO ORDER/ROLL CALL <br /> Pursuant to due call and notice thereof, Mayor David Grant called to order the City <br /> Council Work Session at 5:30p.m. <br /> Present: Mayor David Grant, Councilmembers Tom Fabel, Brenda Holden, Tena <br /> Monson and Emily Rousseau <br /> Absent: None <br /> Also present: Interim City Administrator Jessica Jagoe; Finance Director Joua Yang; <br /> Public Works Director/City Engineer David Swearingen; and Assistant to the City <br /> Administrator/City Clerk Julie Hanson <br /> 1. PUBLIC INQUIRIES/INFORMATIONAL <br /> None. <br /> 2. RESPONSE TO PUBLIC INQUIRIES <br /> None. <br /> 3. AGENDA ITEMS <br /> A. 2025 General Obligation CIP Bond Schedule and Franchise Fees Discussion <br /> Finance Director Yang began the conversation regarding the Preliminary 2025 General <br /> Obligation Capital Improvement Plan(CIP) Bond Schedule and the Electric Franchise Fee rate <br /> structure scenarios. <br /> Finance Director Yang provided background of previous discussions. A capital funding update <br /> open house was held in April. At that meeting, Staff shared the City's anticipated funding gap <br /> which was $455,000 at that time. Today it is $465,000. A survey was released to help provide <br /> additional information on the topic. The results were shared with Council with over 54% of <br /> respondents supporting a franchise fee option, over a property tax levy or a combination of both, <br /> and dedicating the fee for a specific purpose. Based on survey results and additional discussions, <br />