08-11-25-R - Laserfiche WebLink

Home Browse Search

ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — JULY 14, 2025 21 Councilmember Holden isn't saying to avoid bonding. For the trail, Trident will give us the money and the County will give us money and grants will be paid 50% up front. Councilmember Weber wants to know if that is feasible. It's not $1.2 million anymore. The Trident money is minus the $200,000 we gave back to them. Even with that money and the supposed $1 million up front. He asked if we can float that another year. What does that look like for 2026 at the beginning of the PIR. Can we make it to 2027 with a functional PIR that's not in the red, and pay for all of the projects without bonding. Finance Director Yang said we can't long term. We may be able to cover a few years but we need a long term solution. Councilmember Weber asked if we can make it to Lake Johanna without bonding. It seems inevitable that we will have to bond. He wants to know how long we can delay that. The most money we're going to get is from the 2026 trail and PMP. Discussion ensued regarding if the work session should be adjourned or recessed. Council recessed the work session at 6:59 pm. Council reconvened the work session at 7:28 pm. Councilmember Holden agrees with Councilmember Weber that we should increase the PIR to make sure we make it to 2028. The question is how much we want to increase it. She asked if Council has given direction to bring back options. Finance Director Yang said that is what Councilmember Weber asked for. Councilmember Weber said we should see multiple options. City Administrator Jagoe said she would work with Finance Director Yang on the park dedication fees to make sure we've accounted for the Trident development. Councilmember Holden would like to see a list of items that could be moved out until 2028 when we bond for Lake Johanna. She asked if we can bond for equipment. Finance Director Yang confirmed we can. Finance Director Yang moved to the Equipment Building Replacement Fund. She said the current levy is $100,000 she is proposing that be increased to $250,000. That would help us absorb some of the project expenditures, moving forward. Councilmember Holden asked how many levy points the $150,000 increase would be. Finance Director Yang said 2.5. Councilmember Holden asked if the plow on page 48 can be bumped. She said it is listed as a Priority 3. It's a 2016.