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w <br />-ARDEN HILLS <br />Approved: October 14, 2024 <br />[DRAFT <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 />