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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — AUGUST 25, 2025 19 get 10 years out of it. It is tough to know until we take the cores. He said starting in 2030 we will address the worst roads. Councilmember Monson asked if Councilmember Weber is in favor of scenario E. Councilmember Weber confirmed, to some extent. Councilmember Monson said it has the PMP pushed still. So he would like to see a blend of D and E. Councilmember Weber said and add in a levy increase right away. We can't get by with a 0% levy increase this year. Councilmember Monson said one of her biggest concerns is to smooth the levy. That seems to be an advantage to scenario E. Any bonding will help smooth the levy. Finance Director Yang confirmed. Councilmember Monson said if we bond in 2026 we don't need a second bond in 2030. Finance Director Yang confirmed. Councilmember Rousseau asked if Staff looked at only bonding the $1.2 million for Old Highway 10. Finance Director Yang did not look at that one alone. She took the bigger PMP project. Councilmember Rousseau asked if that could be a compromise. If we did that and a levy increase, we are halfway to the $3.3 million. Finance Director Yang said the total cost to the City for the Old Highway 10 project is $1.3 million. The total project cost is $4.5 million. That is what will drive down the Fund Balance in 2026. We could look to bond a portion of it. Councilmember Rousseau would like to see a scenario where we only bond for Old Highway 10. Other entities are paying 75% of that project. Even if we added an increase in interest, we are still saving money by doing this project. She sees justification in bonding for that. She'd like to see a combination scenario between what Councilmember Weber said and looking at just bonding for our portion of Old Highway 10. Councilmember Holden said the Lake Johanna Trail is coming in 2029. Do these numbers account for that? Finance Director Yang said these scenarios do not include Lake Johanna Boulevard Trail. Councilmember Holden said the balance of the Park Fund after Trident pays their $800,000 will just sit there.