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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — JULY 14, 2025 19 Councilmember Holden said by the time we would take out the new bond, there would only be a few months overlap. Mayor Grant said we have talked about pre -paying the fire department after nine years but we won't really save that much. You're at the end of the payment schedule where the interest charges are fairly low. Councilmember Weber asked about the water bonding. He asked if that money comes directly from the Water Fund. Finance Director Yang confirmed. Councilmember Weber said that doesn't really do anything to resolve the PIR issue. Mayor Grant said because it's an Enterprise Fund. Councilmember Weber asked if we can build the Lake Johanna Trail without bonding. Finance Director Yang said no. She pointed to a chart on the Capital Improvement Plan that does not include the Lake Johanna Trail. The chart on the next page shows what it would look like if we were to add it. Councilmember Weber said we would be ending 2027 with less than $400,000 in the PIR. That implies that we could get there, but it may not be a good idea. Councilmember Holden said the question is how much we should increase the PIR to get to 2028. We should come up with a number and then have a calculation on what it should be. Councilmember Weber agreed and have multiple options. Mayor Grant asked if that is a decision we want to make today. Councilmember Holden asked how much more deterioration would force the 2028 PMP project to be a full reconstruct vs. reclamation. Public Works Director/City Engineer Swearingen said he will be taking pavement cores this year around that site. Councilmember Holden said if we move that out a year, that would help. Public Works Director/City Engineer Swearingen said he is considering breaking it up into two projects and shifting everything out two years. Councilmember Rousseau wondered if we decided to bond the $300,000 Caseloader would that have any impact on the funds with the CIP so we wouldn't have to adjust the levy for it. Councilmember Weber said we're still not to the request for additional funds for the Equipment Fund.